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I can make my profit from processing fees.
Originally posted by ProfEmeritus
reply to post by admriker444
Is there any trick to getting out of this debt ?
This IS the reason we are in a financial crisis. It is the lack of personal responsibility for actions you FREELY took that are causing the problem.
People buy homes that are more than they can afford. Banks give loans to people that shouldn't get them. Then everyone wants a bailout.
Take your medicine. You/your wife freely knew what you were getting into. Do what other people have done. Get a second or third job. Send you children to community college, and let them work their way through school.
I worked my way through undergraduate and graduate school to get my degrees. Most of the students I taught in college (a state college) had jobs, and they were the better for it.
It is disgraceful to be looking for a "trick" to get out of a situation which you/your wife freely undertook. Don't expect others to pay for your/your wife's poor choices.
Originally posted by Xtraeme
It's as though you don't recognize that scarcity is inherent in economic theory. Scarcity dictates that a select few receive the lions share, that the masses are appeased to the extent that they don't revolt, and that the lowest rung of society gets the scraps. Thus, a theory of economics also implies a theory of moral reasoning.
Originally posted by Xtraeme
I don't advocate meritocracy in its pure form (IQ + effort = merit), because if soil creates castes, the machine manufactures classes – classes to which people can be assigned by their achievement or ascribed by wealth at birth.
Originally posted by Xtraeme
Even if it could be demonstrated that people with lower IQs have less ability than those selected for high position, that would not mean they deserve less. Being a member of the "lucky sperm club" confers no moral right to advantage.
That's why I argue for a society based foremost on fairness.
Originally posted by Xtraeme
In the spirit of fairness I argued on behalf of people with students loans who are currently trapped in a downward spiral, because there's a huge gulf between those that can declare bankruptcy and those that can't. Bankruptcy rules, whether you choose to recognize it or not, are dramatically more lenient towards businesses and individuals without student loans.
Originally posted by Xtraeme
However a "Chapter 13 plan often does not require repayment to general unsecured debts, such as credit cards or medical bills."
Originally posted by Xtraeme
Explain this to me, why should a credit card, which can be used for cash withdrawals, be any different from a student loan?
Originally posted by Xtraeme
And while you think about that let me redirect one of your questions back to you, "Why the sympathy for the high school dropout who did not understand their loan agreement (and can declare bankruptcy), but none for the poor kid who failed out of college who did not understand his loan agreement (and has no choice but to pay his loan)?"
Originally posted by Xtraeme
I'd counter that media piracy is a much better indicator of human nature.
WTF! You people starred this? Now, if you are a radical from Iran or China than I totally understand...
1) what happens here in America if people stop going to school to become Doctors because they can't afford it? Really, do I have to flow chart this for you? 2) Do you just want the rich and not the capable to become Doctors? 3) Do you want to pay $10,000 to set your kids broken arm?
There is a solution. Lobby Congress. Get legislation passed that would help everyone. a) if you have government loans you can reduce your monthy payments to $100 a month if you are willing to work in a clinic or public health care or for the poor or wherever the government says they need Doctors. After 10 years your loans are forgiven. b) Those Doctors are going to be the ones "we" can afford. Those Doctors might all be apart of a "DNPL" instead of an "HMO" (Doctors Need to Pay off Loans) and a DNPL provider would be much cheaper and many employers would be able to provide much better coverage. c) We keep capable people going to Med School and avoid waiting for 6 months before getting a Doctors appointment because for every one Doctor there are 10,000 of us trying to get in to see if this new mole of ours is skin cancer or not.
charging us $10,000 for a physical
If you don't like any of these plans then ask this question.....Why is college so damn expensive!? Whom is exploiting whom?
Originally posted by whoshotJR
If the dollar does a complete collapse getting our of your loans is the least of your worries. Your wife knew what she signed up for yet she still signed the dotted line and that debt is hers.
Originally posted by badgerprints
Originally posted by admriker444
It really pisses me off that the goverment gives out trillions to banks but the average citizen cant get out of student loan debt.
It really pisses me off that somebody would borrow a quarter of a million dollars and think that they shouldn't have to pay it back.
You are no better than the banks if that's what kind of integrity you have.
Originally posted by Illusionsaregrander
I honestly fail to see how scarcity (which you are correct is an economic principle) has anything to do with "dictating that a select few receive the lions share, ..."
Life in the biological sense can either be an imperative, a value, or a good, depending on the social class of the agent. For the unfavored, life is a fundamental exigency, an imperative. For the middle class, it is a value to be produced and reproduced. For the privileged, it is a good that is automatically preserved by the labor of others and, as such, is a means for realizing other supposedly more worthy norms.
...and implies a theory of moral reasoning. It sounds impressive, but you need to explain how you come to that conclusion, as I myself do not.
Originally posted by Xtraeme
I don't advocate meritocracy in its pure form (IQ + effort = merit), because if soil creates castes, the machine manufactures classes – classes to which people can be assigned by their achievement or ascribed by wealth at birth.
A meritocracy would NEVER assign someone to a class by their wealth at birth. ... It is inherently fair, in the sense that merit is based upon capacity to do a particular job.
I am still annoyed at at least part of your point. You seem to be saying, and correct me if I am wrong, that some people, those who train for jobs that "have significant social benefits" should be given leeway to act in ways those who work "insignificant jobs" should not. It is classist.
And, it in no way ensures that people who act honestly and responsibly are given a fair shake.
You seem to be thinking that education and a certain job title makes you more valuable, and apparently should offer you a get out of debt free option that the uneducated does not get.
Originally posted by Xtraeme
Even if it could be demonstrated that people with lower IQs have less ability than those selected for high position, that would not mean they deserve less. Being a member of the "lucky sperm club" confers no moral right to advantage.
That's why I argue for a society based foremost on fairness.
First of all, YOU are the one who says that certain jobs that are currently compensated by high pay indicate that the individual holding that position has a greater value. I didnt. I remember arguing that garbage collectors and plumbers contribute as much or more to the overall health of a society as its doctors do. In essence, that the value to society of those positions are equivalent to the value provided by a doctor.
And, I remember saying that our compensation system is horribly broken. That the energy one puts in should be rewarded fairly. I did not say, ever, that those of higher IQ deserve more. You imply that with your education=value to society formula. I clearly stated that laborers are contributing value. Energy=/=IQ. Energy=energy. Be it physical effort, or mental effort.