Bankruptcy in the United States: Guess what I just found out?

[Rednick]

Fuck ya'll bitching.

Fuck ya'll bitching.

well hopefully you paid attention in school, picked a good career and didnt party too much. then there aint any problem

I watched so much 'Student Debt' get spent on alcohol, rent and bullshit (yeah, even weed and strippers), during my time.
You took it. Now deal with it.
College should have taught you enough to understand the word 'Debt'.

Or should we tell the hardworking classmates that I had, that they worked a full-time job while attending school full-time, and they should've just floated it on the system. They don't have 'Debt'.


Economics 101: There is no such thing as a free lunch.

 

[echo_chamber]

Isnt Capitalism/Corporatism great? But people will try to fault you for playing "the american game" and coming up short, when the only reason they or their parents came up in "the american game" is due to luck or corruption.. the system is designed to keep the poor struggling for that low wage, and the rich finding ways to keep as much of their wealth as they can. the rich have the advantage and don't suffer from monetary stress, which any human being in the world knows is the most significant contributor to stress in our lives.. this is why some of us strive for an education, to make more "money" to save us from that monetary stress.

I'd rather live in the woods and wipe with leaves honestly. its less stressful.

 

[SpasticGramps]

In my opinion, you shouldn't take out more student loan debt than you can possibly pay back.

They lend a lot than the student needs too. The more money they can load on you the better. Kids graduating with mortgage size debt's co signed by their parents. It's the new slavery. I love our country. It's sad to see it eating it's own young.

 

[budlover123]

...Kids graduating with mortgage size debt's co signed by their parents. It's the new slavery. I love our country. It's sad to see it eating it's own young.

...and for the non-college educated there's shift work disorder drugs and and pain pills to crack the whip.

You hear about this shift work disorder nonsense? Why is it that most jobs that suck also require you to have some random ass horrible schedule too?

People don't need shift work disorder pills, they need some god damned representation in the government to step in an be like, Um, giving your full-time employees different non-consecutive days off, with random hours ranging from starting at 6 in the morning to starting at 5 at night and working until 1 in the morning. That is un-American bullshit, we should start boycotting companies that use these kinds of bullshit practices to maximize their profits.

Maybe some companies needed this practice to stay afloat, but the vast majority of the companies are doing this because they view their employees as nothing more than replaceable human resources that can be exploited for maximum profitability.

This is why regulation is so vital, without regulation, the argument can be made that not treating their employees like slaves breaks their legal obligation to do all that is possible to maximize their profits to their share holders.

I suppose that is why they all do it, after all, the job market does suck, they have lots of fresh human resource to process for profit, so if you are a shareholder for some publicly traded company, I believe you could sue the ceo for not having less workers doing random shift work.

 

[In~Plain~Site]

Man, how'd I love to believe that these putty-minded youngsters even have a clue what ideology actually means, then have the ability to hang on to it with all the one-sided (pr)teaching.

Talk about indoctrination

Education has nothing to do with ideology. < You get to keep that part before, during and after college.

I don't think alot of these egotistical, 'can't do so I teach' professors actually appreciate opinions that dissent from their liberal doctrines.

I give credit where it's due

 

[jd4083]

Guess I'm the only one that feels like personal responsibility is highly underrated when it comes to loans of any kind, including mortgages or student loans. Clearly the government (along with the banks) are at least partially to blame, but as someone else stated, you signed on the dotted line, and if you knew that you couldn't make the payment from the start (or that there was a possibility you would not be able to in the near future), it is YOUR fault if you default on the loan. Period.

 

[whateverman]

Guess I'm the only one that feels like personal responsibility is highly underrated when it comes to loans of any kind, including mortgages or student loans. Clearly the government (along with the banks) are at least partially to blame, but as someone else stated, you signed on the dotted line, and if you knew that you couldn't make the payment from the start (or that there was a possibility you would not be able to in the near future), it is YOUR fault if you default on the loan. Period.

Indoctrination and corporatism, for me, blur this line more than a little. They are essentially Hitler Youth American Style.

I have sympathy for that disposition; whether they be signing a loan or signing the dotted line to fight some pointless war. I don't think they are pathetic, or dumb, or pussified cowards, or whatever the psuedo alpha male/confused conservatism company line is. I think they are human beings who have been sold a bag of goods that amounts to wage slavery, who felt backed into a corner and had no idea wtf else to do besides either A) join the military industrial complex in its various immoral pursuits (drug war, Iraq, et al) or B) eat the loans and try to become "educated" as per guidance counselor and parental advice (which is to say, the best advice they knew of). The more moral of the batch, IMHO, chose the latter, and in most cases got fucked accordingly.


To summarize, I agree with your theory, but I think your theory has no use in the complicated, fucked up reality of today's United States.

 

[Jellyfish]

What whateverman said.

 

[megayields]

Hey if you can' t pay back THE MONEY YOU BORROWED.......don't take out the loan......Christ what whiners!

 

[megayields]

Guess I'm the only one that feels like personal responsibility is highly underrated when it comes to loans of any kind, including mortgages or student loans. Clearly the government (along with the banks) are at least partially to blame, but as someone else stated, you signed on the dotted line, and if you knew that you couldn't make the payment from the start (or that there was a possibility you would not be able to in the near future), it is YOUR fault if you default on the loan. Period.

Finally some one knows the meaning of "personal financial responsibility"........

 

[DiscoBiscuit]

Man, how'd I love to believe that these putty-minded youngsters even have a clue what ideology actually means, then have the ability to hang on to it with all the one-sided (pr)teaching.

The typical college-age kid recognizes their ideology much earlier. One of the things kids learn before or during college is whether their ideology is static... whether ideology is their principal logic mechanism. Other kids reason logic itself, discovering that no single ideology addresses all the complicated opportunities they'll face as adults.

Talk about indoctrination

Frat hazing is a bit indoctrinating.

Course ed was much different. Although the professors I met and got to know occasionally revealed political leanings in their lectures, I don't recall any being respective.

One thing I remember not going over too well were opinions that had little basis for offering.

How many indoctrinations did you encounter in college, IPS?

I don't think alot of these egotistical, 'can't do so I teach' professors actually appreciate opinions that dissent from their liberal doctrines.

I give credit where it's due

Never understood how teaching got into the us-vs-them fray. I remember hearing that similar phrase however it came across as self-deprecating.

Not sure when an entire profession adopted it as personal mantra.

 

[SpasticGramps]

Guess I'm the only one that feels like personal responsibility is highly underrated when it comes to loans of any kind, including mortgages or student loans. Clearly the government (along with the banks) are at least partially to blame, but as someone else stated, you signed on the dotted line, and if you knew that you couldn't make the payment from the start (or that there was a possibility you would not be able to in the near future), it is YOUR fault if you default on the loan. Period.

I believe in the free markets. I believe in personal responsibility. What we have here is a system which creates incentives for dependency and unethical behavior.

I agree 1,000,000,000% that if it's your loan and you default on it it's no one's responsibility but yours. However, because the banks can "default" on their bad decisions ALL THE FUCKING TIME and we the taxpayer have to pick up the tab when their dumbass decisions go to shit then the moral hazard will bleed through to the general population and Rome will burn. We don't enforce individual responsibility anymore. There is no more rule of law and reason.

Saying that you have a two tier legal system is just a fancy way of saying you live in a dictatorship.

It's all about economic incentive. Freakonomics.

 

[SpasticGramps]

Finally some one knows the meaning of "personal financial responsibility"........

Not in this day and age. That's what Wall Street calls a sucker and it's because we can't collectively realize this and prosecute it at the highest levels that this country is about destroy itself.

 

[Cojito]

I believe in the free markets.

curious. where are these free markets and how well do they compete with the U.S and China's of the world? i ask, not to be trollish, but because i don't know. and because if markets without gov regulation and intervention don't really exist except in theory, or can't compete because of unequal footing - what's the point?

I agree 1,000,000,000% that if it's your loan and you default on it it's no one's responsibility but yours.

yep. had several school loans. easy terms. they even let me defer payments while i started up a biz. very easy to pay off. and because i did i was able to qualify for a home loan (good credit rating).

 

[Cojito]

Man, how'd I love to believe that these putty-minded youngsters even have a clue what ideology actually means, then have the ability to hang on to it with all the one-sided (pr)teaching. Talk about indoctrination. I don't think alot of these egotistical, 'can't do so I teach' professors actually appreciate opinions that dissent from their liberal doctrines.

weird. where did you go to college?

been to several colleges. (all state schools, 'cause i'm cheap.) had conservative and liberal professors. tussled with all of 'em. disagreement was encouraged. there were lots of students questioning teachers. never saw any indoctrination.

 

[Hydrosun]

Guess I'm the only one that feels like personal responsibility is highly underrated when it comes to loans of any kind, including mortgages or student loans. Clearly the government (along with the banks) are at least partially to blame, but as someone else stated, you signed on the dotted line, and if you knew that you couldn't make the payment from the start (or that there was a possibility you would not be able to in the near future), it is YOUR fault if you default on the loan. Period.

So why the fuck does the government guarantee them all? Could it be to shift the responsibility from the terrible lender to the tax payer? Remember the shitty lender signed the dotted line just like the kid. Why should they be made whole and the tax payer have to eat 100% of the tuition to ITT Tech?

 

[Hydrosun]

curious. where are these free markets and how well do they compete with the U.S and China's of the world? i ask, not to be trollish, but because i don't know. and because if markets without gov regulation and intervention don't really exist except in theory, or can't compete because of unequal footing - what's the point?

The black market in lending, gambling, prostitution, and all other contraband exist despite prohibition or government regulation. The point is that free markets will always exist so long as there are two people who want to trade with each other. Paying a third party government regulator or inspector is admitting defeat and participating in a controlled market.

Even with unequal footing the black market will always exist and always have the best available. Don't believe me? Just look at what happens when governments try to implement rations or price controls.

 

[Cojito]

The black market in lending, gambling, prostitution, and all other contraband exist despite prohibition or government regulation. The point is that free markets will always exist so long as there are two people who want to trade with each other. Paying a third party government regulator or inspector is admitting defeat and participating in a controlled market.

interesting. so you're saying the U.S. should embrace the black market? i did not see that coming. the examples you give are illegal, profitable only because they are prohibited. but what if they were legal? - would black market ho's still be able to compete with gov regulated ho's? doubtful. and isn't that why so many growers oppose the legalization of cannabis? 'cause they'd lose all that loot?

 

[DiscoBiscuit]

Paying a third party government regulator or inspector is admitting defeat and participating in a controlled market.

It's recognizing that the freedom to swing ones fist stops short of the next man's nose. It's recognizing that history is replete with different ideas of freedom, including the freedom to hit somebody else.

One of the "freest" markets is the large, high-risk investment. People get raped every day.

 

[Jellyfish]

this just in- The world is round, not flat...