With Democrats like these who needs Republicans?

[Fogdog]

Taco is saying he supports the idea that student loan debt should not be expugnable through declaring bankruptcy. I wholeheartedly disagree with that. Do you think there is truth to what he's saying?

When people signed up for those loans they signed up for them with that on their contract. In that regard, Taco meat is correct. I think the whole means of financing higher ed by ever increasing tuition and truly out of control costs is wrong. I think we should have a debate about writing off student loans and that this society would be better off if we as a society wrote off loans made for tuition and education expenses. I think long term we should maybe have a higher ed system filled with deserving students that get a free ride through college.

But the fact remains, they signed up for it. It's not up to them whether or not to honor the terms.

 

[srh88]

I made $75/hour today

Why don't you make that everyday you work?

 

[Padawanbater2]

I read where you criticized people who get a degree as morons.

Quote it, liar. You won't, and you'll make up some bullshit excuse as to why you won't like usual

Don't ever call me a liar. Unlike you, I don't. I'm sometimes wrong and will admit it, unlike you.

You think having college degrees doesn't mean you're retarded?

 

[Fogdog]

Why don't you make that everyday you work?

well said. I spotted the prevarication in that line but didn't have the words.

That said, hopefully, this is an indication of better days for the wanker.

 

[Fogdog]

imaliar

Yep, you said it turd.

A four year college degree is an accomplishment. So is a two year degree.

 

[Padawanbater2]

When people signed up for those loans they signed up for them with that on their contract. In that regard, Taco meat is correct. I think the whole means of financing higher ed by ever increasing tuition and truly out of control costs is wrong. I think we should have a debate about writing off student loans and that this society would be better off if we as a society wrote off loans made for tuition and education expenses. I think long term we should maybe have a higher ed system filled with deserving students that get a free ride through college.

But the fact remains, they signed up for it. It's not up to them whether or not to honor the terms.

If you're lied to about the value of an investment, why should you be liable for paying for it?

Isn't that just fraud? People were lied to about the value of their mortgages, why should they be liable to cover the costs of a product they were legitimately sold on that turned out to be less valuable than they initially paid for? Same thing with student loans

 

[Fogdog]

If you're lied to about the value of an investment, why should you be liable for paying for it?

Isn't that just fraud? People were lied to about the value of their mortgages, why should they be liable to cover the costs of a product they were legitimately sold on that turned out to be less valuable than they initially paid for?

Oh, come on man. Tell me all about this fraud. I went to college too. In my sophmore year, I spent time going over typical wages by degree and knew where things were going. I changed my major when I saw that where I was originally headed wasn't all that great.. It actually cost me an extra year but was worth it in the long run. The information is there if you look.

Show me where reputable public colleges lie to students about their prospects. If they give promises then I agree they are being fraudulent. That is happening in private colleges like University of Phoenix. Is that what you are whining about? If so, then you have a point but not a good one.

The fact is a college degree from a good public college or university is a good economic investment for most but not everybody. Nobody can tell a kid that they are a lock on a good paying job. There are too many variables, one of which is the kid.

Then again, there are intangible benefits to a good education that can make the time spent in college worthwhile. I'll never say college isn't worth it but I'd also say that spending a hundred thou on a degree where typical graduates make 25k per year in their first few years should be thought through. If my kid really wants that degree, I'd help them find ways to cut the cost.

 

[Sir Napsalot]

Sorry to disappoint your beastiality fetishes, sick fuck

Where does your particular little fetish rank in the hierarchy of perversion?

 

[SneekyNinja]

Oh, come on man. Tell me all about this fraud. I went to college too. In my sophmore year, I spent time going over typical wages by degree and knew where things were going. I changed my major when I saw that where I was originally headed wasn't all that great.. It actually cost me an extra year but was worth it in the long run. The information is there if you look.

Show me where reputable public colleges lie to students about their prospects. If they give promises then I agree they are being fraudulent. That is happening in private colleges like University of Phoenix. Is that what you are whining about? If so, then you have a point but not a good one.

The fact is a college degree from a good public college or university is a good economic investment for most but not everybody. Nobody can tell a kid that they are a lock on a good paying job. There are too many variables, one of which is the kid.

Then again, there are intangible benefits to a good education that can make the time spent in college worthwhile. I'll never say college isn't worth it but I'd also say that spending a hundred thou on a degree where typical graduates make 25k per year in their first few years should be thought through. If my kid really wants that degree, I'd help them find ways to cut the cost.

There's also ways to accelerate paying it back that people seem to ignore.

A vast majority of people prefer to pay the absolute minimum and then wonder why so much interest accrues.

All debt like credit cards, buy now pay later, etc.

 

[ttystikk]

You're an idiot.

I actually agree with Joe Biden on this and actually am glad it passed.

You don't even understand what the problem is and what the bill does. You just see a headline, read one bullshit testimonial, and then assume you know what's going on.

You don't. You're too busy being the fucking drama queen, in the know poser you are.

What the bill does is MAKE people pay for their education. What was happening was two fold:

1. People were taking out student loans to go to school, partying their asses off, flunking out, then just filing bankruptcy chapter 11 and getting away with it Scot Free while they lived in mom's basement the rest of their failed and miserable lives.
2. Took out student loans to go to the school they WANTED to go to for the prestige it offered, graduating, getting a good job, buying new car, new house, all kinds of new shit, then finding out that 6 figure bill they wracked up was cramping their life style and filing bankruptcy and saying, "fuck you".

It's all no different than the people that ran out and bought a house they couldn't afford, never made payments on it, then bailed out and left the tax payers footing the bill over it.

All this bill did was make the CORE student loans ineligible. The interest and fees were (and still are) able to be listed on bankruptcy, just not the core fees.

So if some deadbeat from out of state racked up $170,000 in lodging, tuition, food and books to graduate from Georgia Tech, then 10 years later was working a job making $140,000 per year, but with his new BMW, new house, and other "lifestyle" expenses found he wasn't making a dent in the loan because of interest and fees that turned that 170 grand into 215 grand, he could still file for bankruptcy and get relief.

But he's STILL going to have to pay Georgia Tech the actual 170 grand he racked up. The interest will be gone. So will any late fees he might have racked up. But by God he's going to pay for the actual fees he ran up.

I agree with that 100%. They should have thought about all of that BEFORE they ran out and bought a new car, and a new house, and a big screen, and taken that trip to Hawaii, and all the other bullshit.

But they don't. They run out, rack up more debt than you can shake a fucking stick at, and then expect the taxpayers to bail them out.

They're just like the fucking banks and investment firms that do whatever the fuck they want but then cry for help and bailouts when they fuck it tall up.

Congratulations, idiot. You've made yourself one of them.

You didn't read the article.

 

[ttystikk]

You fail to mention anything about the rising costs of education, the highest in any sector including healthcare, or the diminishing returns on the investment as more corporations and companies are outsourcing their labor due to the lower costs. You're actually defending the banks while claiming to condemn them as these rules that Biden supports, and apparently you do too, benefit them and detrimentally affect the people who earned a degree with the hopes of securing a financial future because that's what they were promised. Are you going to argue next that "Well, they shouldn't have invested their time and money in a Liberal Arts degree.. "? I mean, all your talking points so far have come from right wing sources anyway, so why not?

Congratulations- unlike the rest of these clowns who couldn't be bothered to check and see if their assumptions squared with the facts, you actually read the article!

 

[ttystikk]

There's also ways to accelerate paying it back that people seem to ignore.

A vast majority of people prefer to pay the absolute minimum and then wonder why so much interest accrues.

All debt like credit cards, buy now pay later, etc.

Credit cards aren't exempt from bankruptcy.

The whole point of bankruptcy court is to adjudicate the debtor's ability to pay their creditors. Taking that away from the court designed for it by legislative fiat is a classic example of right wing corporatism.

Your establishment Democrat dogma is showing.

 

[ttystikk]

Oh, come on man. Tell me all about this fraud. I went to college too. In my sophmore year, I spent time going over typical wages by degree and knew where things were going. I changed my major when I saw that where I was originally headed wasn't all that great.. It actually cost me an extra year but was worth it in the long run. The information is there if you look.

Show me where reputable public colleges lie to students about their prospects. If they give promises then I agree they are being fraudulent. That is happening in private colleges like University of Phoenix. Is that what you are whining about? If so, then you have a point but not a good one.

The fact is a college degree from a good public college or university is a good economic investment for most but not everybody. Nobody can tell a kid that they are a lock on a good paying job. There are too many variables, one of which is the kid.

Then again, there are intangible benefits to a good education that can make the time spent in college worthwhile. I'll never say college isn't worth it but I'd also say that spending a hundred thou on a degree where typical graduates make 25k per year in their first few years should be thought through. If my kid really wants that degree, I'd help them find ways to cut the cost.

'Trump University'.

You're sounding more right wing every day.

That's a good little establishment Democrat.

 

[ttystikk]

Where does your particular little fetish rank in the hierarchy of perversion?

Quite low; see 'informed consent'. The animal cannot give it, by definition.

The idea that women can't be kinky and/or have perverted interests is sexist and implicitly male supremacist.

If you're not into it, all you gotta say is, 'no, thanks'.

 

[ttystikk]

And because my Mark Blyth thread got locked through no fault of my own, I'll just have to spam this all over.

Of course, those who are rigidly locked into their ideologies won't bother to watch it, because it's a 'YouTube video', aka open source content. Nevermind that the speaker is a world renowned and respected thinker and Chaired Professor of economics. But stupid is as stupid does, @UncleBuck ;

 

[TacoMac]

Credit cards aren't exempt from bankruptcy.

The whole point of bankruptcy court is to adjudicate the debtor's ability to pay their creditors. Taking that away from the court designed for it by legislative fiat is a classic example of right wing corporatism.

Your establishment Democrat dogma is showing.

Every time you post, it's an exhibit A on stupidity.

You don't even know the difference between credit card debt and a student loan, do you dumbass?

Credit Card debt, 99% of the time, is what is referred to as unsecured debt. That is, the credit card companies have no collateral at all and did not secure any loan before you used it. So, there is nothing tangible to it. It is, literally, unsecured debt. That means that the credit card companies are literally gambling on your ability to pay them back.

Not that they care ultimately, because they're insured if you don't. (That is, once again, what caused the debt crises.)

Student loans are not done that way. They are what is referred to as secured loans. In those loans, you obtain them in one of two ways:

1. A signed agreement secured against your future employment. (i.e. you have X amount of months to obtain employement before you begin paying back the loan.
2. A promissory note secured with property or other collateral.

Either way, you secure the loan against either property or your future employment. Since it is secured debt, it can't be written off under bankruptcy.

It's no different than child support in that regard.

If you shit posted less, and read more, you wouldn't look this god damned stupid every single time.

 

[ttystikk]

Mark taught me something, again; that it's at least short sighted to say that people will deliberately vote against their own best interest, because usually those who are actually them if doing it don't share their frame of reference.

In this way he's a Berniecrat who stands up for the Trump crowd; we all want the same things, we just come to it from a different perspective.

The longer we persist in divisive politics, the longer we all lose- and the more time we give China to catch up and pass us.

 

[ttystikk]

Every time you post, it's an exhibit A on stupidity.

You don't even know the difference between credit card debt and a student loan, do you dumbass?

Credit Card debt, 99% of the time, is what is referred to as unsecured debt. That is, the credit card companies have no collateral at all and did not secure any loan before you used it. So, there is nothing tangible to it. It is, literally, unsecured debt. That means that the credit card companies are literally gambling on your ability to pay them back.

Not that they care ultimately, because they're insured if you don't. (That is, once again, what caused the debt crises.)

Student loans are not done that way. They are what is referred to as secured loans. In those loans, you obtain them in one of two ways:

1. A signed agreement secured against your future employment. (i.e. you have X amount of months to obtain employement before you begin paying back the loan.
2. A promissory note secured with property or other collateral.

Either way, you secure the loan against either property or your future employment. Since it is secured debt, it can't be written off under bankruptcy.

It's no different than child support in that regard.

If you shit posted less, and read more, you wouldn't look this god damned stupid every single time.

You've done a great job of trying to convince me that debt isn't debt.

I disagree.

Maybe if you continued learning, you wouldn't look so good damned pedantic every single time.

 

[ttystikk]

Student Loans are considered unsecured debt.
Secured debt can be written off under bankruptcy.

The video I posted above just might be the best hour of learning about economics and political policy you'll ever spend. When you're done, you'll understand why I'm a Berniecrat- and why I think we either hire Berniecrats or we will end up with more right wing nationalists.

The bit about the Shanghai Museum of Urban Planning near the end is especially enlightening in explaining what China is doing these days and why.

 

[SneekyNinja]

Every time you post, it's an exhibit A on stupidity.

You don't even know the difference between credit card debt and a student loan, do you dumbass?

Credit Card debt, 99% of the time, is what is referred to as unsecured debt. That is, the credit card companies have no collateral at all and did not secure any loan before you used it. So, there is nothing tangible to it. It is, literally, unsecured debt. That means that the credit card companies are literally gambling on your ability to pay them back.

Not that they care ultimately, because they're insured if you don't. (That is, once again, what caused the debt crises.)

Student loans are not done that way. They are what is referred to as secured loans. In those loans, you obtain them in one of two ways:

1. A signed agreement secured against your future employment. (i.e. you have X amount of months to obtain employement before you begin paying back the loan.
2. A promissory note secured with property or other collateral.

Either way, you secure the loan against either property or your future employment. Since it is secured debt, it can't be written off under bankruptcy.

It's no different than child support in that regard.

If you shit posted less, and read more, you wouldn't look this god damned stupid every single time.

Thickstick posts so many words in response and they rarely have anything to do with what is said.

I was comparing credit card and student debt only in the sense that people tend to pay the absolute minimum and rack up big interest bills instead of writing a bit extra in the check every month.

And of course dipstick reads the words, doesn't understand how they're related and launches into a tirade.

The video I posted above just might be the best hour of learning about economics and political policy you'll ever spend. When you're done, you'll understand why I'm a Berniecrat- and why I think we either hire Berniecrats or we will end up with more right wing nationalists.

The bit about the Shanghai Museum of Urban Planning near the end is especially in explaining what China is doing these days and why.

You couldn't teach a dog to bark, you retard.