Julio3000
<B>A Chip Off the Old Rock</B>
That’s actually a very good question.
116th Congress
- Thread starter 57Brave
- Start date
That’s actually a very good question.
sturg33
I
Why do you think they would declare bankruptcy?
If they do, then the lender would take the loss.
As for cleanup in this multi-layered hypothetical scenario, I suppose that would fall on the city who voted to allow the pipeline.
sturg33
I
This might surprise you but many billionaires are actually kinda smart.
But yes, forgiving the student loans does nothing to address the problem, just move the cost from the irresponsible to the responsible.
Tuition continues to rise, probably at a much higher rate in this scenario
57Brave
Well-known member
I know scientists with Pulitzer nominations that struggle with basic life skills. Changing tires, paying the electric bill, buying a television or a home.
guessing 99.9% of self made billionaires, such as Cuban, are very smart.
Public policy is what we are talking about, not building a tech enterprise
If anything else we should have learned in the past 10 years it is, business smarts does not necessarily translate to public policy smart
Donald Trump is definitely very smart --- what is your point ?
guessing 99.9% of self made billionaires, such as Cuban, are very smart.
Public policy is what we are talking about, not building a tech enterprise
If anything else we should have learned in the past 10 years it is, business smarts does not necessarily translate to public policy smart
Donald Trump is definitely very smart --- what is your point ?
sturg33
I
Sigh
Why do I bother...
My point is that just waving a wand and forgiving all debt doesn't address the problem and shows a massive lack of understanding of the problem itself
More than likely these are asset backed loans and since the pipelines are profitable the bank would assume the asset and wither sell it to another company or absorb it into their operations. The cleanup will always be paid for because the end profit exceeds costs.
57Brave
Well-known member
and where is it written "forgive all debt" ?
earlier today a fellow poster needed reminding of your absolutist nature
you bother because this is where you come to learn
57Brave
Well-known member
I can point to an entire industry that was devastated by the BP oil spill.
Clean up a substitute for saying dealing with the long term effects.
I know families that were eventually given money but divorces, the long lasting effects on the eco system sickness etc etc etc
sturg33
I
It is written in your socialist overlords tweet.
Per usual though, you deflect and never address any substance.
Forgiving student loans is a bad idea. It's irresponsible, it's unfair and it makes the underlying problem worse
57Brave
Well-known member
oh, so tweets are law.
The "socialist overlord" I assume yu are referring to is one of 438 in the House. After that another 100 decide. Then the 538 refine / tweek then one is left to sign.
I think college should be free to those that qualify by need. No deflection here
Forgiving college loans is only sensible . Some would say humane.
College debt is what $3-4 trillion ?
Me thinks that money could be put to better use transferred inside of the marketplace
Again, I think education as well as health care are (or should be considered) rights available/accessible to everyone
The "socialist overlord" I assume yu are referring to is one of 438 in the House. After that another 100 decide. Then the 538 refine / tweek then one is left to sign.
I think college should be free to those that qualify by need. No deflection here
Forgiving college loans is only sensible . Some would say humane.
College debt is what $3-4 trillion ?
Me thinks that money could be put to better use transferred inside of the marketplace
Again, I think education as well as health care are (or should be considered) rights available/accessible to everyone
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sturg33
I
Why do you do this? I didn't say it was a law. I said her idea is bad like all her other ones and I very much hope it doesn't become law
How can something be a right if it requires the money and/or labor of someone else?
Why is forgiving student debt sensible? Why not forgive all mortgages? (I bet you think housing is a right, don't you?)
Why not forgive credit card debt?
I got a better one .. why not cancel all taxes? Think of all the money that would open up in the market
acesfull86
Well-known member
People paying back the loans they took out is what I would call sensible.
sturg33
I
[Tw]1106239999798841344[/tw]
****, where do I sign up?!
57Brave
Well-known member
Secular Talk
Verified account @KyleKulinski
4h4 hours ago
Secular Talk Retweeted Ilhan Omar
Weird, DC establishment isn't melting down calling her an Islamophobe
Ilhan Omar
Verified account @IlhanMN
Ilhan Omar Retweeted Mehdi Hasan
The Saudi royal family has literally helped fund Al Qaeda.
This is the debate no one wants to have but needs to be had.
Saudi accountability is long overdue.
Verified account @KyleKulinski
4h4 hours ago
Secular Talk Retweeted Ilhan Omar
Weird, DC establishment isn't melting down calling her an Islamophobe
Ilhan Omar
Verified account @IlhanMN
Ilhan Omar Retweeted Mehdi Hasan
The Saudi royal family has literally helped fund Al Qaeda.
This is the debate no one wants to have but needs to be had.
Saudi accountability is long overdue.
57Brave
Well-known member
the system of "paying for it" is the 800 lb gorilla in the corner
In light of the recent scandal highlighting who gets and who doesnt gets and on what terms --- the writer seems to have a spec of dust in is eye.
This past week people here opined on how useless and inefficient college has become. Then we learned this week that advancement based on education and the status attached in our society is pretty much a straight line from where you live and who you know to whether you get a seat at the table
The boot straps in this case is a college loan.
Wonder how Eric,Don Jr and Ivanka are paying back their college loans
It was revealed in the Michael Cohen testimony tat one of his tasks was to bury Donald Trumps high school and college transcripts.
Wonder what they say
Wonder how Donald got into Penn ?
Wharton School of Business ?
Becasue for all of his PR brilliance, he did run a gambling casino into the ground --- house money
Memory serves he made a bruh ha ha over Obama's records --- as if to say he was illegitimately educated.
Asking that question on its own is very telling (Lyin' Ted-- Crooked Hillary comes to mind)
So lets get back to the mill stone of college loans .
Who needs them ?
Why ?
And what world do they walk into with that massive debt ?
At 21-22 years of age with some indebted up to $200K.
Research who did and didnt get GI Loans after WWII and the repercussions
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Julio3000
<B>A Chip Off the Old Rock</B>
I’m not weighing in on the larger issue, but I’m seeing a lot of talk suggesting that it’s irresponsible to have student loan debt.
While there are always exceptions, as sturg apparently is, in my experience the most obvious difference between people with significant student loan debt and those without is family wealth.
While there are always exceptions, as sturg apparently is, in my experience the most obvious difference between people with significant student loan debt and those without is family wealth.
acesfull86
Well-known member
I don’t think it’s irresponsible to have student debt (I have quite a bit myself)... I think it’s irresponsible to take out the loans then later pretend you were duped and expect the taxpayers to assume the bill.