With Democrats like these who needs Republicans?

[see4]

so people are defaulting on free high school atm and you don't think college will follow suit?

who is defaulting on high school? or better yet, how?

are you referring to private school? I went to a couple of those in my tenure, dues were owed prior to completing the education. not like college. -- also you can't get government student loans for private high school, afaik.

 

[see4]

This is a complete and vicious fabrication. Many of the Fortune 50 actually pay negative taxes after deductions, subsidies and incentives.

How does one pay negative taxes? That's an oxymoron, moron.

 

[see4]

ok I will cite it. while I am looking let me ask you: why is it that most lottery winners with a history of poverty fall right back to poverty after blowing their winnings?

because most lottery winners aren't bright... they were throwing money away, day after day in the hopes that statistics will win them over, or that God will answer their prayers..

please take note of the use of the word, "most"... there are exceptions to the rule.

 

[ttystikk]

so people are defaulting on free high school atm and you don't think college will follow suit?

It seems to work out in most other developed countries. Why not offer the benefit of the doubt instead of always assuming the worst in people?

Surely the richest nation in history can afford it.

 

[ttystikk]

So sad. 4 posts in a row, with literally nothing to say.

I will ask you again, coward, do you think students should be able to eliminate all their student loans through bankruptcy?

Why are you not able to answer a simple question? It really comes down to either saying, "yes" or "no".



I agree, you should stop talking.

But of course, allow me to explain.

The median salary of a high school educated individual is $28,000.
The median salary of a college educated individual is $45,500. Or roughly $17,000 more.

$17,000 is more than $16,000. Therefore it behoves an individual to take the $16,000 a year loan, as their expected post graduate salary will be the offset to the loan.

I tried to break it down as simply as possible for you.

I've answered that already.

 

[ttystikk]

How does one pay negative taxes? That's an oxymoron, moron.

Between subsidies, credits and transfers it's entirely possible. Try doing your own damned homework for a change.

 

[see4]

Between subsidies, credits and transfers it's entirely possible. Try doing your own damned homework for a change.

If you owed me ($10) <-- that means negative, would you pay that to me?

You fucking homophobic dotard.

And what does that even mean, "between subsidies, credits and transfers..."? Geezus christ you are reaaaally fucking stupid.

 

[see4]

I've answered that already.

Yes you have, you think that people should be allowed to enter into an agreement, let the other party fulfill their end of the agreement, then use bankruptcy to get out of your end of the agreement.

You are a thief.

 

[ttystikk]

If you owed me ($10) <-- that means negative, would you pay that to me?

You fucking homophobic dotard.

And what does that even mean, "between subsidies, credits and transfers..."? Geezus christ you are reaaaally fucking stupid.

I don't need to do your homework for you, lazy brains.

 

[ttystikk]

Yes you have, you think that people should be allowed to enter into an agreement, let the other party fulfill their end of the agreement, then use bankruptcy to get out of your end of the agreement.

You are a thief.

You're a walking misrepresentation of an intelligent human being.

 

[twostrokenut]

This is a complete and vicious fabrication. Many of the Fortune 50 actually pay negative taxes after deductions, subsidies and incentives.

I mentioned effective rates.

 

[twostrokenut]

who is defaulting on high school? or better yet, how?

are you referring to private school? I went to a couple of those in my tenure, dues were owed prior to completing the education. not like college. -- also you can't get government student loans for private high school, afaik.

we were talking about those in poverty that won the lottery and ended up back in poverty. the notion was that's exactly why we need free college, because obviously a lack of education caused that. I concured and offered that it was more likely a lack of free high school education and the "default" would be simply not graduating or taking advantage of this American perk.

so when discussing poverty it seems this high school is more prevalent than college...unless we are trying to recreate the 50s when one middlish or low middle or even high low income would float the average 3.2 person family or what not...

 

[see4]

I don't need to do your homework for you, lazy brains.

You're a walking misrepresentation of an intelligent human being.

Sound arguments dumbass. You can't argue your point so you relegate to speaking off topic and only using name calling as a basis for your response.

You are pathetic. I own you. You are my bitch. Go make me a sandwich, bitch.

 

[twostrokenut]

because most lottery winners aren't bright... they were throwing money away, day after day in the hopes that statistics will win them over, or that God will answer their prayers..

please take note of the use of the word, "most"... there are exceptions to the rule.

of course. most simply means more than half.

 

[see4]

we were talking about those in poverty that won the lottery and ended up back in poverty. the notion was that's exactly why we need free college, because obviously a lack of education caused that. I concured and offered that it was more likely a lack of free high school education and the "default" would be simply not graduating or taking advantage of this American perk.

so when discussing poverty it seems this high school is more prevalent than college...unless we are trying to recreate the 50s when one middlish or low middle or even high low income would float the average 3.2 person family or what not...

hmm, im not sure i understand the premise.

im just trying to understand your point about people defaulting on high school, i don't know what you mean by that.

i've never heard of the idea that the United States is lacking free high school education, do you mean lacking 'good' high school education?

 

[twostrokenut]

It seems to work out in most other developed countries. Why not offer the benefit of the doubt instead of always assuming the worst in people?

Surely the richest nation in history can afford it.

are we rich? aren't we financing the funds to loan folks for college? that sounds like the opposite of rich to me.

 

[twostrokenut]

hmm, im not sure i understand the premise.

im just trying to understand your point about people defaulting on high school, i don't know what you mean by that.

i've never heard of the idea that the United States is lacking free high school education, do you mean lacking 'good' high school education?

I mean not graduating, not getting the free education already offered.

 

[see4]

I mean not graduating, not getting the free education already offered.

ahhh. now your argument is starting to make sense. never heard of "default" used in that way.

 

[Fogdog]

Yes you have, you think that people should be allowed to enter into an agreement, let the other party fulfill their end of the agreement, then use bankruptcy to get out of your end of the agreement.

You are a thief.

Actually, that's what declaring chapter seven bankruptcy on unsecured debt is. Because the government student loans program treats income earned after leaving college as a security, student loans don't allow bankruptcy.

I agree that the student or cosigning parent aren't the ones who should decide whether or not these loans should be redone with the loans forgiven. That's up to society and is a matter of weighing the benefit of freeing young people from debt against the benefit of enforcing moral hazard by holding them accountable for the loan.

There is good evidence society benefits from debt forgiveness when loans can't be repaid. Also evidence from the 2005 law that made it harder to declare bankruptcy showed the 2009 depression was worsened by those changes.

For myself, I'd be on the side that supports the government absorbing bad student debts and changing higher education funding model to tuition free education for deserving students. I think that is a debate we should have in congress.

 

[see4]

Actually, that's what declaring chapter seven bankruptcy on unsecured debt is. Because the government student loans program treats income earned after leaving college as a security, student loans don't allow bankruptcy.

I agree that the student or cosigning parent aren't the ones who should decide whether or not these loans should be redone with the loans forgiven. That's up to society and is a matter of weighing the benefit of freeing young people from debt against the benefit of enforcing moral hazard by holding them accountable for the loan.

There is good evidence society benefits from debt forgiveness when loans can't be repaid. Also evidence from the 2005 law that made it harder to declare bankruptcy showed the 2009 depression was worsened by those changes.

For myself, I'd be on the side that supports the government absorbing bad student debts and changing higher education funding model to tuition free education for deserving students. I think that is a debate we should have in congress.

A student loan is an unsecured debt, generally backed by the government, tax payer dollars.

A mortgage or car loan are examples of secured debt. If you default on said loan or declare bankruptcy, the debtor can take secure their collateral in exchange for some (or all) debt forgiveness.

A personal loan, through a private lender, is an unsecured debt. If you default on said loan or declare bankruptcy, the debtor has little recourse to collect on monies owed.

An interest rate is the rate at which a borrower pays based on their credit worthiness. A student loan carries an interest rate, set at a specific value, regardless of borrowers credit worthiness, however it is unsecured nonetheless. Sort of like an FHA loan.

If a borrower buys a home with a mortgage note, then declares bankruptcy, and includes his mortgage in the declaration, he no longer owns the property and is no longer responsible for that loan, but he then has no more house. If a borrower buys an education with a student loan, then declares bankruptcy and includes his student loan in the declaration, the government can't take bank his education.

Absolving people of their student loans is not the answer. Fixing the price gouging colleges and universities practice is the solution.