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 Student Loan 'Forgiveness'?
Mjc1960 323 posts, incept 2015-02-28
2022-08-27 15:29:44

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.
Jack_crabb 15k posts, incept 2010-06-25
2022-08-27 15:34:42

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


Another reason I despise the HNIC at the time.

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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
Fumei 3k posts, incept 2019-01-08
2022-08-28 07:30:06

I like Tom's plan.把共匪殺光々。
Tsherry 10k posts, incept 2008-12-09
2022-08-28 21:39:14

它來了;做好準備。

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Fuck Joe Biden with a GIANT RUSTY CHAINSAW.
Fumei 3k posts, incept 2019-01-08
2022-08-28 23:28:25

That is the proper singular pronoun for '共匪'.
Patentleathershoes 10k posts, incept 2007-09-13
2022-08-29 07:26:48

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.

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"An unborn child's property rights are protected by law. His right to life is not." Ronald Reagan
Tickerguy 188k posts, incept 2007-06-26
2022-08-29 07:27:10

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

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NASA faked out a computer instead of running the test.
Then tried to launch and aborted instead of going "BOOOM!"
Did they abort the JABS after faking THOSE tests?
Shadowmask 4k posts, incept 2021-05-24
2022-08-29 10:33:54

...while simultaneously being told that anyone can make it if they only pull themselves up by their boot straps.
3dogs 159 posts, incept 2018-12-25
2022-08-29 10:55:06

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

I should have never quite drinking!

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I don't care if it hurts! I only care if you can't feel it!
Ljf 33 posts, incept 2011-02-02
2022-08-29 15:36:34

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?
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