Who is actually holding this debt and how is it being paid.
VoxDay makes the argument that this will be deflationary as it removes debt/money from the system.
I personally think the whole college loan system is a scam.
I finished my engineering degree at U of I Chicago in '87 while working a full time job as a tech with no debt.
Tuition was $1K per semester.
My wife and I had our own apartment. I rode the L to school.
I don't think that's even possible anymore.
Tuition was $1K per semester.
Just make the loans dischargeable in bankruptcy.
That will bring discipline to the system.

Quote:

Just make the loans dischargeable in bankruptcy.
That will bring discipline to the system.

Another reason I despise the HNIC at the time.

----------

Molon Labe
Where is Henry Bowman when you need him?
How many are willing to pledge this? We mutually pledge to each other our Lives, our Fortunes, and our Sacred Honor

I like Tom's plan.把共匪殺光々。

它來了;做好準備。

----------

No statement should be believed because it is made by an authority. R.A.H.

That is the proper singular pronoun for '共匪'.

The biggest problem, as I see it, is that today's 'yute' have no problem grifting and screwing other people. Never mind actually wanting to put in hard work.

Not all of course but for the most part that is the case. Yet another reason we a screwed as a society. The perfect, very indulged child is not doing well surviving in the real world.

----------

"An unborn child's property rights are protected by law. His right to life is not." Ronald Reagan

Well, why not when all you've witnessed is getting it up the ass for your entire life?

----------

...while simultaneously being told that anyone can make it if they only pull themselves up by their boot straps.

----------

I worked hard all my life, but I stayed drunk so the screwing wasn't as painful.

I should have never quite drinking!

I read VoxDays argument and wouldnt it depend on if the government borrowed the money to make the student loans? If the government printed the money for the debt and then canceled it I agree it would be a decrease in money supply and deflationary. But isnt our currency borrowed into existence? If thats this case the debts are canceled for the borrowers, but remain on the balance sheet of the government. That looks like an increase in the money supply and therefore is inflationary. What am I missing?

While no one was looking, a Federal judge in Texas ruled yesterday that Bide's loan forgiveness scheme is illegal. Liberal heads exploding.

----------

Si Vis Pacem, para Bellum

If you look like shit, then you are shit.

Right on time. The entire program was to get the ethnic studies majors out to vote for the commies.

----------

Diversity + proximity = WAR

-They wanted camps; I want ropes.