Haven’t seen a steak that ended up being cooked the exact same all the way through without a $75 price tag on it at a restaurant. I was skeptical when I read about it, but one use made me a believer.
Well, that only address part of the problem. However, the government is making roughly $2bil a year off interest. The reason for interest rates are to fight against defaults, which shouldn’t be propped up by other loan borrowers, in my opinion, when you’re dealing with education loans from the government. This goes back to making loans and the amount of loans less readily available, thereby lowing tuition rates. Think of the loans as the government’s investment in it’s population to compete on the world stage, and any notion of profits or losses changes dramatically. I’m aware that government loans are the solution and the problem. I’m advocating improving the system, not getting rid of it.
Yes, the corporate lawyer doesn’t know how borrowing money works. You’re probably right, Bill. My entire point was, anger at students needing to be bailed out is misplaced. No where did I say “we should forgive all the loans.” I just implied that if you were going to bail out car manufacturers in one world and student loan borrowers in another, the economy would improve in the student loan world faster, which was in response to your comment.
If you want to get into the finer points of how to remedy the situation, for starters maybe stop allowing the government to gauge 6% off of it’s population, when .1% is probably just fine to staff the department necessary to collect payments. Maybe reign in the amount their willing to loan, which, surprise, will not allow universities to forever raise tuition as people can’t afford it, prices will have to come back down as demand tightens.
“Banks” aren’t predominately loaning student loans, Todd. The federal government is. The loans are all backed by the federal government. So your solution is nonsensical.
No offense man, but that’s a bullshit talking point type answer that have no basis in what’s actually happening with graduates.
And any economist will tell you, if the economy had $1.5 trillion dollars being used to buy those cars and houses and whatever other product you want to think of instead of being paid to the government in the form of student loans, it would do far more than bailing out few car manufacturers did.
In a society where large banks, corporations, and entire industries are bailed out on the taxpayer’s dime while the government collects 6%+ interest on loans it gives to 18 year old kids who aren’t completely ill equipped to perceive the detriment it will cause to their future lives thanks to a degrading public school system, I feel like your anger is misplaced.
*Bride sees missmackay on her fiance’s list*
“OMG I’m so glad she’s getting an invite. I love her so much. So if we’re just inviting people we’ve banged in the past, then I’m inviting Zachary as well…. No I’m not mad about it. It’s fine. I’m fine.”
Love this take. You never know who you’ll end up talking to sitting at the bar to eat alone. And sitting solo at a table with a book is a straight up power move.
Advertise
Same. Can confirm.
Negative.
I’d match that amount.
Miller instead of Michelob? Weekend can’t be that interesting…
Right. It just cooks the inside nicely, you have to throw it on the grill and get a nice char on the outside.
Haven’t seen a steak that ended up being cooked the exact same all the way through without a $75 price tag on it at a restaurant. I was skeptical when I read about it, but one use made me a believer.
Buddy cooked steaks with on before GoT on Sunday. Lowkey one of the best steaks I’ve ever had. 10/10 will be investing in one.
Well, that only address part of the problem. However, the government is making roughly $2bil a year off interest. The reason for interest rates are to fight against defaults, which shouldn’t be propped up by other loan borrowers, in my opinion, when you’re dealing with education loans from the government. This goes back to making loans and the amount of loans less readily available, thereby lowing tuition rates. Think of the loans as the government’s investment in it’s population to compete on the world stage, and any notion of profits or losses changes dramatically. I’m aware that government loans are the solution and the problem. I’m advocating improving the system, not getting rid of it.
Yes, the corporate lawyer doesn’t know how borrowing money works. You’re probably right, Bill. My entire point was, anger at students needing to be bailed out is misplaced. No where did I say “we should forgive all the loans.” I just implied that if you were going to bail out car manufacturers in one world and student loan borrowers in another, the economy would improve in the student loan world faster, which was in response to your comment.
If you want to get into the finer points of how to remedy the situation, for starters maybe stop allowing the government to gauge 6% off of it’s population, when .1% is probably just fine to staff the department necessary to collect payments. Maybe reign in the amount their willing to loan, which, surprise, will not allow universities to forever raise tuition as people can’t afford it, prices will have to come back down as demand tightens.
“Banks” aren’t predominately loaning student loans, Todd. The federal government is. The loans are all backed by the federal government. So your solution is nonsensical.
No offense man, but that’s a bullshit talking point type answer that have no basis in what’s actually happening with graduates.
And any economist will tell you, if the economy had $1.5 trillion dollars being used to buy those cars and houses and whatever other product you want to think of instead of being paid to the government in the form of student loans, it would do far more than bailing out few car manufacturers did.
In a society where large banks, corporations, and entire industries are bailed out on the taxpayer’s dime while the government collects 6%+ interest on loans it gives to 18 year old kids who aren’t completely ill equipped to perceive the detriment it will cause to their future lives thanks to a degrading public school system, I feel like your anger is misplaced.
*Bride sees missmackay on her fiance’s list*
“OMG I’m so glad she’s getting an invite. I love her so much. So if we’re just inviting people we’ve banged in the past, then I’m inviting Zachary as well…. No I’m not mad about it. It’s fine. I’m fine.”
It must be exhausting for any person to be that psychotic. I mean, I’m exhausted from reading it.
Love this take. You never know who you’ll end up talking to sitting at the bar to eat alone. And sitting solo at a table with a book is a straight up power move.
deFries making end of the month budget scaries a real thing after this installment.
But still not DeFries white.
Sorry in advance, Max… No hard feelings?
Sup?
You’re not going to not flare out for beer league softball.
Now do it for dog accounts.