Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Show your support for what this community means to you:


Choose a Donation Amount
Username (required for credit)



Welcome to the Hardcore Husky Forums. Take a look around and join the community. Have a topic? Join us and start a thread.

Effect of Student Debt on the Economy Stupid

pawzpawz Posts: 5,399
Swaye's Wigwam 2500 Comments 250 Answers 500 Awesomes
https://www.cnbc.com/amp/2018/03/01/student-loan-problems-could-hold-back-economic-growth-fed-chief-says.html?__twitter_impression=true




The road to hell is paved with good intentions. It's a good idea that everyone that wants it should get an education. The underlying problem is - exactly like healthcare - the system is set up to INSURE PAYMENT. This causes 2 massive problems.

1st - It creates an artificial monopoly in higher education's economic solar system. Econ 101, monopolies only benefit suppliers. There is absolutely ZERO incentive for the suppliers of education to keep costs down. The cost of education continues to rise unabated.

2nd - And to the point of the article, it burdens a generation of people with debt they can't get out from under - ever. Consumer debt is 100% modern day slavery.. Now if someone is going to be doctor, engineer, lawyer, architect etc then you can argue the 'investment' is likely to pay for itself. But the majority get a liberal arts degree or do something professionally that relegates the education to consumerism.

So yes, I'm advocating for turning the system on it's head for the long-term good of common person.

As it sits, these Student Loan organizations get draconian laws written so that people can never get out from under the debt. For example, if you have a real estate license in the state of WA, if you get behind on ONE student loan payment, they pull your real estate license - your means of making money.

Going full circle, the article is suggesting if people are forced to spend their expendable-dollar on debt, they won't spend it in the economy - thus no economic growth.


YellowSnowSwayeWoofdoogieAZDuckGrundleStiltzkinFire_Marshall_Billgreenblood
«13456

Comments

  • 2001400ex2001400ex Posts: 16,609
    10000 Comments 250 Answers Fifth Anniversary 500 Awesomes
    edited March 6
    While I do agree the cost of college has escalated to a point of being fucktarded. (I paid $3,500 a year in the late 90s, good luck finding that now).

    Most if the rest of your post is idiotic and something a poor uneducated person thinks. First, how the fuck is there a monopoly?

    Then this is the unemployment rate, what group has the lowest unemployment? Is it the high school drop outs? Or the college educated folk? You can rail on liberal arts degrees but it looks like they have jobs.

    photo 3D6E1A26-197C-46E6-B9D2-3746E323644A_zpsljty27gs.png
    pawzRaceBannondoogieSoutherndawgMikeDamone
  • AZDuckAZDuck Posts: 14,761
    10000 Comments 250 Answers Fifth Anniversary Fucktard of the Week Award
    edited March 6

    Certainly the cost of education has escalated....but let's not discount the lack of personal responsibility of the millennials/millennials parents for lusting over bachelors degrees from elite public and private institutions.

    Nothing wrong with a couple years at a community college getting the basics out of the way dirt cheap and then moving to a four-year.

    I weep virtually no tears and give no fucks over student debt loads.

    That said, Jake Browning sucks and college administrators should be forced to live on half their salary relocate to Kampuchean re-education camps.


    MikeDamone
  • PurpleThrobberPurpleThrobber Posts: 10,770
    10000 Comments 250 Answers 500 Awesomes 500 Up Votes
    AZDuck said:

    Certainly the cost of education has escalated....but let's not discount the lack of personal responsibility of the millennials/millennials parents for lusting over bachelors degrees from elite public and private institutions.

    Nothing wrong with a couple years at a community college getting the basics out of the way dirt cheap and then moving to a four-year.

    I weep virtually no tears and give no fucks over student debt loads.

    That said, Jake Browning sucks and college administrators should be forced to live on half their salary relocate to Kampuchean re-education camps.


    The judges will accept said edits.

    Fuck AAU parents with an AIDS/Ebola/VenoyOvertonWhoreSTD infested cheese grater.

    doogie
  • doogiedoogie Posts: 6,585
    5000 Comments 250 Answers 500 Awesomes 500 Up Votes
    figures lie and liars figure
    Swayegreenblood
  • pawzpawz Posts: 5,399
    Swaye's Wigwam 2500 Comments 250 Answers 500 Awesomes

    Certainly the cost of education has escalated....but let's not discount the lack of personal responsibility of the millennials/millennials parents for lusting over bachelors degrees from elite public and private institutions.

    Nothing wrong with a couple years at a community college getting the basics out of the way dirt cheap and then moving to a four-year.

    I weep virtually no tears and give no fucks over student debt loads.

    That said, Jake Browning sucks and college administrators should be forced to live on half their salary.


    In theory, I completely agree.

    In practice kids are being sold debt hand-over-fist, and they aren't getting the guidance from their parents, counselors anywhere that it's a dangerous honey pot and what the long term ramifications can be.
  • pawzpawz Posts: 5,399
    Swaye's Wigwam 2500 Comments 250 Answers 500 Awesomes
    2001400ex said:

    While I do agree the cost of college has escalated to a point of being fucktarded. (I paid $3,500 a year in the late 90s, good luck finding that now).

    Most if the rest of your post is idiotic and something a poor uneducated person thinks. First, how the fuck is there a monopoly?

    Then this is the unemployment rate, what group has the lowest unemployment? Is it the high school drop outs? Or the college educated folk? You can rail on liberal arts degrees but it looks like they have jobs.

    photo 3D6E1A26-197C-46E6-B9D2-3746E323644A_zpsljty27gs.png

    Nobody is surprised that a) you don't understand basic, fundamental microeconomic concepts, and b) you're parroting the establishment line to keep people enslaved by debt.


    #aclockworkshill
  • 2001400ex2001400ex Posts: 16,609
    10000 Comments 250 Answers Fifth Anniversary 500 Awesomes
    pawz said:

    2001400ex said:

    While I do agree the cost of college has escalated to a point of being fucktarded. (I paid $3,500 a year in the late 90s, good luck finding that now).

    Most if the rest of your post is idiotic and something a poor uneducated person thinks. First, how the fuck is there a monopoly?

    Then this is the unemployment rate, what group has the lowest unemployment? Is it the high school drop outs? Or the college educated folk? You can rail on liberal arts degrees but it looks like they have jobs.

    photo 3D6E1A26-197C-46E6-B9D2-3746E323644A_zpsljty27gs.png

    Nobody is surprised that a) you don't understand basic, fundamental microeconomic concepts, and b) you're parroting the establishment line to keep people enslaved by debt.


    #aclockworkshill
    Ironic POTD. It's awesome watching someone ignore basic facts and tout the "liberal arts degree" rallying cry, then try to call someone else out for being a parrot.

    What about personal responsibility? If you want to go to Gonzaga and pay $50k a year and are too stupid to find scholarships, then you should be riddled with debt your whole life.
    pawzPurpleThrobberSoutherndawgMikeDamone
  • pawzpawz Posts: 5,399
    Swaye's Wigwam 2500 Comments 250 Answers 500 Awesomes
    2001400ex said:

    pawz said:

    2001400ex said:

    While I do agree the cost of college has escalated to a point of being fucktarded. (I paid $3,500 a year in the late 90s, good luck finding that now).

    Most if the rest of your post is idiotic and something a poor uneducated person thinks. First, how the fuck is there a monopoly?

    Then this is the unemployment rate, what group has the lowest unemployment? Is it the high school drop outs? Or the college educated folk? You can rail on liberal arts degrees but it looks like they have jobs.

    photo 3D6E1A26-197C-46E6-B9D2-3746E323644A_zpsljty27gs.png

    Nobody is surprised that a) you don't understand basic, fundamental microeconomic concepts, and b) you're parroting the establishment line to keep people enslaved by debt.


    #aclockworkshill
    Ironic POTD. It's awesome watching someone ignore basic facts and tout the "liberal arts degree" rallying cry, then try to call someone else out for being a parrot.

    What about personal responsibility? If you want to go to Gonzaga and pay $50k a year and are too stupid to find scholarships, then you should be riddled with debt your whole life.
    Fuck off, shill.
    MikeDamone
  • 2001400ex2001400ex Posts: 16,609
    10000 Comments 250 Answers Fifth Anniversary 500 Awesomes
    pawz said:

    2001400ex said:

    pawz said:

    2001400ex said:

    While I do agree the cost of college has escalated to a point of being fucktarded. (I paid $3,500 a year in the late 90s, good luck finding that now).

    Most if the rest of your post is idiotic and something a poor uneducated person thinks. First, how the fuck is there a monopoly?

    Then this is the unemployment rate, what group has the lowest unemployment? Is it the high school drop outs? Or the college educated folk? You can rail on liberal arts degrees but it looks like they have jobs.

    photo 3D6E1A26-197C-46E6-B9D2-3746E323644A_zpsljty27gs.png

    Nobody is surprised that a) you don't understand basic, fundamental microeconomic concepts, and b) you're parroting the establishment line to keep people enslaved by debt.


    #aclockworkshill
    Ironic POTD. It's awesome watching someone ignore basic facts and tout the "liberal arts degree" rallying cry, then try to call someone else out for being a parrot.

    What about personal responsibility? If you want to go to Gonzaga and pay $50k a year and are too stupid to find scholarships, then you should be riddled with debt your whole life.
    Fuck off, shill.
    @pawz likes personal responsibility except when he doesn't.
    pawzRaceBannonSoutherndawgMikeDamone
  • pawzpawz Posts: 5,399
    Swaye's Wigwam 2500 Comments 250 Answers 500 Awesomes
    edited March 6
    2001400ex said:

    pawz said:

    2001400ex said:

    While I do agree the cost of college has escalated to a point of being fucktarded. (I paid $3,500 a year in the late 90s, good luck finding that now).

    Most if the rest of your post is idiotic and something a poor uneducated person thinks. First, how the fuck is there a monopoly?

    Then this is the unemployment rate, what group has the lowest unemployment? Is it the high school drop outs? Or the college educated folk? You can rail on liberal arts degrees but it looks like they have jobs.

    photo 3D6E1A26-197C-46E6-B9D2-3746E323644A_zpsljty27gs.png

    Nobody is surprised that a) you don't understand basic, fundamental microeconomic concepts, and b) you're parroting the establishment line to keep people enslaved by debt.


    #aclockworkshill
    Ironic POTD. It's awesome watching someone ignore basic facts and tout the "liberal arts degree" rallying cry, then try to call someone else out for being a parrot.

    What about personal responsibility? If you want to go to Gonzaga and pay $50k a year and are too stupid to find scholarships, then you should be riddled with debt your whole life.
    Run along and let the grown-ups talk. You're in over your head, son.
  • 2001400ex2001400ex Posts: 16,609
    10000 Comments 250 Answers Fifth Anniversary 500 Awesomes
    pawz said:

    2001400ex said:

    pawz said:

    2001400ex said:

    While I do agree the cost of college has escalated to a point of being fucktarded. (I paid $3,500 a year in the late 90s, good luck finding that now).

    Most if the rest of your post is idiotic and something a poor uneducated person thinks. First, how the fuck is there a monopoly?

    Then this is the unemployment rate, what group has the lowest unemployment? Is it the high school drop outs? Or the college educated folk? You can rail on liberal arts degrees but it looks like they have jobs.

    photo 3D6E1A26-197C-46E6-B9D2-3746E323644A_zpsljty27gs.png

    Nobody is surprised that a) you don't understand basic, fundamental microeconomic concepts, and b) you're parroting the establishment line to keep people enslaved by debt.


    #aclockworkshill
    Ironic POTD. It's awesome watching someone ignore basic facts and tout the "liberal arts degree" rallying cry, then try to call someone else out for being a parrot.

    What about personal responsibility? If you want to go to Gonzaga and pay $50k a year and are too stupid to find scholarships, then you should be riddled with debt your whole life.
    Run along and let the grown-ups talk. You're in over your head, son.
    When you present a grown up argument, I'll recognize that. Until then you are a right wing parrot.
    pawzRaceBannonCuntWaffleSoutherndawgMikeDamone
  • pawzpawz Posts: 5,399
    Swaye's Wigwam 2500 Comments 250 Answers 500 Awesomes
    edited March 6
    2001400ex said:

    pawz said:

    2001400ex said:

    pawz said:

    2001400ex said:

    While I do agree the cost of college has escalated to a point of being fucktarded. (I paid $3,500 a year in the late 90s, good luck finding that now).

    Most if the rest of your post is idiotic and something a poor uneducated person thinks. First, how the fuck is there a monopoly?

    Then this is the unemployment rate, what group has the lowest unemployment? Is it the high school drop outs? Or the college educated folk? You can rail on liberal arts degrees but it looks like they have jobs.

    photo 3D6E1A26-197C-46E6-B9D2-3746E323644A_zpsljty27gs.png

    Nobody is surprised that a) you don't understand basic, fundamental microeconomic concepts, and b) you're parroting the establishment line to keep people enslaved by debt.


    #aclockworkshill
    Ironic POTD. It's awesome watching someone ignore basic facts and tout the "liberal arts degree" rallying cry, then try to call someone else out for being a parrot.

    What about personal responsibility? If you want to go to Gonzaga and pay $50k a year and are too stupid to find scholarships, then you should be riddled with debt your whole life.
    Run along and let the grown-ups talk. You're in over your head, son.
    When you present a grown up argument, I'll recognize that. Until then you are a right wing parrot.
    sarksure.gif
  • 2001400ex2001400ex Posts: 16,609
    10000 Comments 250 Answers Fifth Anniversary 500 Awesomes
    pawz said:

    2001400ex said:

    pawz said:

    2001400ex said:

    pawz said:

    2001400ex said:

    While I do agree the cost of college has escalated to a point of being fucktarded. (I paid $3,500 a year in the late 90s, good luck finding that now).

    Most if the rest of your post is idiotic and something a poor uneducated person thinks. First, how the fuck is there a monopoly?

    Then this is the unemployment rate, what group has the lowest unemployment? Is it the high school drop outs? Or the college educated folk? You can rail on liberal arts degrees but it looks like they have jobs.

    photo 3D6E1A26-197C-46E6-B9D2-3746E323644A_zpsljty27gs.png

    Nobody is surprised that a) you don't understand basic, fundamental microeconomic concepts, and b) you're parroting the establishment line to keep people enslaved by debt.


    #aclockworkshill
    Ironic POTD. It's awesome watching someone ignore basic facts and tout the "liberal arts degree" rallying cry, then try to call someone else out for being a parrot.

    What about personal responsibility? If you want to go to Gonzaga and pay $50k a year and are too stupid to find scholarships, then you should be riddled with debt your whole life.
    Run along and let the grown-ups talk. You're in over your head, son.
    When you present a grown up argument, I'll recognize that. Until then you are a right wing parrot.
    sarksure.gif
    You had to edit that?
    MikeDamone
Sign In or Register to comment.