Can you imagine car dealerships begging that their buyers be bailed out because an overpriced/mismatched car was sold to them? This is also just another war against those who decided to pursue an apprenticeship or trade instead of college. It is class warfare. The irony though is that those who are despised may end up on top financially. At least, that is how South Park sees it and they often seem to predict the future.
Well said. It (bailing out student loans) will serve to set Americans against one another, as if this is the end-game of the present “administration. South Park is indeed prescient!
It was Obama's response to the crash that have caused college costs (therefore debt) to soar. Sallie Mae and Fannie Mae were restructured to be more privatized and beholden to big banks. As soon as colleges found out that loans would be processed through banks instead of through the Fed Gov't (where costs were regulated), they realized that they could raise prices....and indeed they did! Banks profit from the loans/interest and Higher Education profits by being able to charge what they want. Cancelling student debt without fixing the existing infrastructure (banks, colleges) will just keep this cycle going generation after generation. I have kids in college and it is EXPENSIVE, but I don't want debt cancelled....I want real fixes implemented on the banks and colleges. No one seems to be talking about the real issue!
Excellent points Adam. The problem is "higher education" knows no bounds because the government continues to finance it through student loans. Biden and indeed the entire federal government can be the adult here and not continue to guarantee the bloated education complex it's money. While that doesn't represent direct control it does represent adult decision making and responsible use of the taxpayer dollar. As Dave Ramsey says about a college education, "You're there to get an education, not a pedigree." Pick a school you can afford or at least one where you're not taking on $50-$75k in loans annually. If federal money is not guaranteed in the form of a bailout then students will seek other alternatives, such as less expensive schools or reasonable loans that they can indeed manage.
The result will be that colleges will be cut off from the federal teat and perhaps be forced to be run and managed like any other business. Corporate welfare is as disgusting when it goes to colleges as it is when it goes to bail out GM or Chrysler or Ford. Thanks for highlighting a large economic issue, one of basic fairness to working taxpayers as well as highlighting the usual crass behavior of democrats, who are essentially buying votes.
Put the college boards on notice that their bloated budgets and inefficiencies will not be supported by an equally bloated and inefficient government? Ha! Fat chance 😂
After 22 years of onerous student debt, that I admit I was suckered into, I had to pay my loans off early bc my interest rates skyrocketed. Hope the young ones realize the Biden Boomers sacrificed their own futures…and their kids and my kids to get their support. If they forget, I believe the FDA will have poll workers ordered to tell them to vote. We are living in clown world…maybe that’s why Tucker has gone 3 Body Problem confused.
Can you imagine car dealerships begging that their buyers be bailed out because an overpriced/mismatched car was sold to them? This is also just another war against those who decided to pursue an apprenticeship or trade instead of college. It is class warfare. The irony though is that those who are despised may end up on top financially. At least, that is how South Park sees it and they often seem to predict the future.
Well said. It (bailing out student loans) will serve to set Americans against one another, as if this is the end-game of the present “administration. South Park is indeed prescient!
It was Obama's response to the crash that have caused college costs (therefore debt) to soar. Sallie Mae and Fannie Mae were restructured to be more privatized and beholden to big banks. As soon as colleges found out that loans would be processed through banks instead of through the Fed Gov't (where costs were regulated), they realized that they could raise prices....and indeed they did! Banks profit from the loans/interest and Higher Education profits by being able to charge what they want. Cancelling student debt without fixing the existing infrastructure (banks, colleges) will just keep this cycle going generation after generation. I have kids in college and it is EXPENSIVE, but I don't want debt cancelled....I want real fixes implemented on the banks and colleges. No one seems to be talking about the real issue!
Excellent points Adam. The problem is "higher education" knows no bounds because the government continues to finance it through student loans. Biden and indeed the entire federal government can be the adult here and not continue to guarantee the bloated education complex it's money. While that doesn't represent direct control it does represent adult decision making and responsible use of the taxpayer dollar. As Dave Ramsey says about a college education, "You're there to get an education, not a pedigree." Pick a school you can afford or at least one where you're not taking on $50-$75k in loans annually. If federal money is not guaranteed in the form of a bailout then students will seek other alternatives, such as less expensive schools or reasonable loans that they can indeed manage.
The result will be that colleges will be cut off from the federal teat and perhaps be forced to be run and managed like any other business. Corporate welfare is as disgusting when it goes to colleges as it is when it goes to bail out GM or Chrysler or Ford. Thanks for highlighting a large economic issue, one of basic fairness to working taxpayers as well as highlighting the usual crass behavior of democrats, who are essentially buying votes.
Put the college boards on notice that their bloated budgets and inefficiencies will not be supported by an equally bloated and inefficient government? Ha! Fat chance 😂
You’ll make a fortune after trades school…no one know how to fix or maintain - anything.
https://mikeroweworks.org/
After 22 years of onerous student debt, that I admit I was suckered into, I had to pay my loans off early bc my interest rates skyrocketed. Hope the young ones realize the Biden Boomers sacrificed their own futures…and their kids and my kids to get their support. If they forget, I believe the FDA will have poll workers ordered to tell them to vote. We are living in clown world…maybe that’s why Tucker has gone 3 Body Problem confused.
people dont understand american pension funds are on the other side of those bonds . there is always a bond on the other end of debt
Well said, sir!
Very well said; thank you for being a voice of reason.