The answer to where the government gets all their money is simple. They print it. 20% of all the money in circulation now was printed in the last year. Over $9,000,000,000,000(that's trillion folks) of basically monopoly with no backing and people wonder why we have the worst inflation in 40+years. If the government forgives all the student loans do the people like my wife who faithfully paid off her loans get a refund? I won't hold my breath.Federal student loans are held by the federal government, therefore if they were cancelled no one is "paying for it" (Where did the Federal Government get the money in the first place?
Federal student loans are held by the federal government, therefore if they were cancelled no one is "paying for it" they are just cancelling the amount due back. Students shouldn't have had to pay 8-11% interest to get a higher education in the first place (public good) in the so called richest country in the world. If i lend you 10 dollars then i decided that you don't have to pay me back, no one "paid off" anything. The federal government has had student loan payments on a pause since COVID hit in 2020 - they dont need the money from the payments.
As someone with a master's degree and student debt, I do not wish the burden on anyone. You end up paying the interest forever and never get to the principle.
I get your point but the meme is a little lazy. So we should steer people from being Doctors, Engineers, and the like towards being mechanics? Noting wrong with the trades. I am in the trades. I was also in IT prior. I prefer the trades. No one size fits all.My next door neighbor works as a mechanic at a mercedes dealership. He makes $100k plus a year.
Never said steer anyone away from any career path they choose but being $100k in debt for a liberal arts degree just so someone can brag they have a college degree makes 0 sense to me. I tried college for almost 2 years. Couldn't stand it. Much preferred working with my hands which eventually led to getting paid handsomely to go fishing in some places most people can only dream about.I get your point but the meme is a little lazy. So we should steer people from being Doctors, Engineers, and the like towards being mechanics? Noting wrong with the trades. I am in the trades. I was also in IT prior. I prefer the trades. No one size fits all.
I usually stay out of this kind of stuff... but ask two questions: 1. Did the university/college/votec receive the money? 2. If so where did that money come from?... was it the Federal Government?... If so how does the Federal Government make income?... not hard for me to figure out and I don't have a masters degree
Health insurance or no health insurance? Trying to determine what “that I paid for myself” means.I'm a simple man, didn't go to college. Mostly made my living in the building trades, and after back surgery in 2000 (that I paid for myself ) I switched gears and involved myself in a business involving the trades. So here are some thoughts from an uneducated deplorable.........
You and I agree that if you borrow money, you pay it back. What I am going on about is that as a society here in America is it short sighted to strap our future generations with obscene debt right out of the gate just to try and break into the middle class? Are our American young worth the investment?House, car, truck, appliances, STUDENT LOAN, whatever... If you borrow money, you pay it back. If you don't pay it back, one way or another someone else/others are on the hook for your debt. It's not complicated. But if you must, go ahead and slice it and dice it any way you need to, to justify your position
I had a small'ish construction company for about 25 years. Myself, and 3-4 employees. I was in excellent health & figured I was bullet proof... apparently I was not . Stupid not to have health insurance. I sold off my cube van, dump trailer, and a few other const. related items and tapped into my savings, which were not all that much, and paid out of pocket to pay the surgeon and other related bills. Lesson learned.Health insurance or no health insurance? Trying to determine what “that I paid for myself” means.
You and I agree that if you borrow money, you pay it back. What I am going on about is that as a society here in America is it short sighted to strap our future generations with obscene debt right out of the gate just to try and break into the middle class? Are our American young worth the investment?
Sorry, if canceling isn't paying off then just stop paying it. The problem isn't the doctors and engineers, it's the women's studies (or is that birth-person's studies now?) majors.
Please define "good jobs."Since the 70’s till now tuition has increased north of 160%. Earnings for 22 -27 year olds has increased 19%. Most good jobs require a college degree. Is it really a choice anymore for someone who wants to improve their station in life to not get a degree? Are the American young not worth the investment? Anecdotal evidence from decades ago can not be applied to today.
Tuna noodle huh? But can you tuna guitar or tuna piano or tuna fish? 😏The guy that fixed the oven in my kitchen range this Tuesday got me for $367.52. Took him 15 minutes to replace an igniter, probably a $10-$15 part. It was the owner of the business. In addition to the 20 minute visit he had to do the to/from drive of 14-16 miles back'n forth from his place. But my tuna-noodle that evening was outstanding.