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Forum Post: We must Stop Talking about Student Loan Debt!

Posted 8 years ago on Oct. 21, 2011, 8:17 p.m. EST by MarkDuwe (127)
This content is user submitted and not an official statement

People if your going to establish common ground with the rest of the 99% your going to have to stop talking about student loans. And, I had one, took me 20 years to pay it off, but I finally did. But, most people don't want to hear these sob stories. It's like the guy on the news who says he hasn't been able to find a job for 2 years. No one believes that. What he means is he can't find a job where his degree program will be a qualification. People want guys like that to quit whining and get a job at Pizza Hut or something.

I fully understand people spent all this time and money on a degree and the day you graduate the economy is in the shitter. Do whatever you need to do to support yourself and your family, but trying to get most of America to feel sorry for you is not going to get you or the movement anywhere.



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[-] 1 points by AntiCorp (187) 8 years ago

Who forced these people to become students? Who forced them to take out a loan? Surely they weren't going to college to be able to get a good paying job with a corporation when the graduated?

[-] 1 points by MarkDuwe (127) 8 years ago

I think that at the very least the government should buy back all of the student loans and then, when the economy gets better, say >5% unemployment, re-issue the loans for students to pay off at 0% interest. Then, if any individual still is not employed the loan should continue to be suspended. If we can't do that it's like the opposite of unemployment insurance.

Maybe new student loans should be given with insurance. When you get a mortgage you have the option of getting insurance so if something happens like you get killed, your mortgage is paid and your family doesn't have the burden of continuing the payments.

Maybe student loans could include insurance where, as lobng as one can prove that he or she can't find a job with the degree they have the insurance will pay back the loan. Of course, what will happen is the insurance will be higher on student loans for the arts and social degrees. Might have to take a look at that.

You would probably have to pay the insurance payment, but that wouldn't be much,...maybe $20 a month.

[-] 1 points by AntiCorp (187) 8 years ago

The best thing about the student loan thing is that none of these protesters who have student loans would have ever taken out the loan knowing they would not have a job to pay it back. They took out the loan because they thought they would have a BIG fat CORPORATE paycheck to pay it back with....hypocrites!

[-] 2 points by MarkDuwe (127) 8 years ago

Sad, but true. I wonder how many corporate employees would quit their jobs if they knew how corrupt their business was. I'm sure it is revealed over time and by the time you realize what you've been doing your hooked on the money.

[-] 1 points by birddog (1) 8 years ago

Why is it..... Conservatives want to deregulate corporations, but constantly write more laws to increase punishment and imprison people. Conservatives want to let corporations have their foreign income to be tax-free, but people only get a $80,000 deduction for foreign income and still have to pay social security taxes. Conservatives constantly complain about the UN which protects human rights, but never complain about the WTO which protects multinational corporations and can fine us if our laws aren't WTO compliant. Conservatives want to allow foreign multinational corporations with American based subsidaries to be able to make unlimited campaign contributions to our politicians and can outspend a large segment of our population. Conservatives want to execute people for murder, but never "execute" a corporation even for mass murder (Unocal in Bhopal, India). It's all about the $dollar$ for the politicians. This place is looking like France before the revolution. The nobles are the CEOs, Wall Street bankers and hedge fund managers. The church has been replaced by the corporations. The only difference is there is no one representing the people (the Third Estate). ‎"American" Corporations can move their headquarters from the US and drop their citizenship in a day to avoid taxes mostly, people have to go through a ten year process to renounce their American citizenship. Once corporations drop their US registration nothing really changes for them as far as doing business in the US. They can even continue to funnel money to Congress. Once people drop their US citizenship, they can't even get a visitors visa to visit the US and they lose many of their earned benefits like military retirements, Medicare, etc. How did we get to this? It's all about the $dollar$ Why is it....... President Obama signs the largest free trade agreement since NAFTA. President Obama packs his cabinet with Goldman Sachs cronies. President Obama reauthorizes the Patriot Act. President Obama folds on universal health care and creates a feeding trough for the health insurance companies. Stands on the sidelines when a weak financial reform bill is crafted by congress and drags his feet on implementing many of regulations. It's all about the $dollars$. Meet the new boss, same as the old boss.

[-] 1 points by MarkDuwe (127) 8 years ago

A bit off topic, but why aren't church's paying taxes?

[-] 1 points by Sid861 (10) 8 years ago

They are not for profit.

[-] 1 points by thebeastchasingitstail (1912) 8 years ago

We should talk about the student loan bubble and the asset-backed securities that consist of bundled student loan debt.

1 trillion dollars in student loans outstanding as of now.

[-] 1 points by MarkDuwe (127) 8 years ago

Thats a good point.

[-] 0 points by WillPitt (2) 8 years ago

You fucking piece of shit From: WilliamPitt Date: May-09-10 03:34 PM Just to make sure you see this before it gets deleted, here you go: Explain how you have the time and money to post to DU from your fucking car, you poor fucking victim. Leave my mother out of your comments, or meet me in the street, you fuck. Period. End of file. Do it again, I fucking dare you. Yes, I fucking said it. Let the mods delete this. I fucking hope you read it first, you piece of shit. Fuck you. I'll PM you my address. Say that shit to my face. I swear to God, any time, anywhere. Any chance you're anything other than a chickenshit fuck? I promise I will drop you if we ever meet. I fucking promise. Be sure to share this with the Mods. If you dare, say that shit to my face. I am not hard to find. You suck. And I will wipe you out if I ever get the chance. Share this with the mods, please.

[-] 1 points by cap1 (65) 8 years ago

Dude who are you talking to?? I can't tell if I'm supposed to laugh at this or not. The guy has some good one liners!