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In reply to the discussion: WTF ...10 [View all]

davidthegnome

(2,983 posts)
53. Good question.
Mon Jun 23, 2014, 10:19 AM
Jun 2014

What would happen to the student loans? If we consider the overwhelming amount of debt, and the likelihood that it will ever shrink significantly as opposed to growing significantly... those student loans have been a looming crisis for quite some time now. I'm sure we all know people who owe student loans and do not have the means to repay them. I don't just know some of those people, I AM one of those people. This doesn't stop the threats of wage garnishment, or the fact that, even if you file for bankruptcy, that debt remains.

If the student loan debts vanished overnight? All of that debt, all of that money? Well, I'm no economist, but I suspect it would be disastrous for the economy. The thing is, that kind of crash is coming sooner or later anyway, it's impossible (I hope) to keep this going indefinitely. The student loan debt, the medical debt, the overwhelming overall debt of the American people.

In a Nation where millionaires (the upper portion of the 1%) pay many of their employees minimum wage and are worshiped as job creators. Where people who need help buying food, or just surviving are blamed for all of society's woes. A Nation that is ignorant enough to be mad at all the wrong people.

Hell, we can't even succeed in raising the federal minimum wage to a level that it should have been raised to many years ago. We couldn't even get a public option into our healthcare system. The rich pretty much own this economy - and they are breaking it, they're basically raping and pillaging at this point, squeezing for everything they can get before the shit really hits the fan - and it will. That's pretty much inevitable.

My honest belief is that the shit is going to hit the fan HARD sooner or later. Through progressive action now through, through working towards what we want... we might have more of a say in what kind of Country we're living in after we clean up the shit.

I think we could (and should) look to Scandinavian Countries for ideas about progress, growth, and overall success. They indicate very strongly that progressive ideas and policies can not only work - but work wonderfully. Hell, maybe I'll move to a Scandinavian Country myself. If I could be a Citizen, I'd have access to great healthcare, to higher education that wouldn't break me and leave me in debt for decades. To a system of law and work that seems to benefit the common people, as opposed to only the very rich.

WTF ...10 [View all] pbmus Jun 2014 OP
K&R Fantastic Graphic, thanks for posting! nt tea and oranges Jun 2014 #1
Enthusiastically recommended. hunter Jun 2014 #2
Thank You For Sharing cantbeserious Jun 2014 #3
Fantastic! Leith Jun 2014 #4
Yup. Agony Jun 2014 #5
Looks interesting. I am bookmarking it for later. Thanks. JDPriestly Jun 2014 #40
You need an educated citizenry for it to be enough. EEO Jun 2014 #6
True. Louisiana1976 Jun 2014 #26
Not only undereducated… tex-wyo-dem Jun 2014 #42
Bread and circuses... bullsnarfle Jun 2014 #49
Just perfect! Can't add anything to it. DippyDem Jun 2014 #7
+1!!! To quote Metallica, "Sad but true!" Dustlawyer Jun 2014 #8
Well said. Louisiana1976 Jun 2014 #27
Well done. Uncle Joe Jun 2014 #9
It's the FOUND generation that gives us hope.... Spitfire of ATJ Jun 2014 #10
Good post. JDPriestly Jun 2014 #39
Here is my issue with this...... Logical Jun 2014 #11
Education is the first step on the ladder to higher wages ... pbmus Jun 2014 #12
My point is that...... Logical Jun 2014 #14
Not everyone wants to get a Masters degree and you are right, we need livable wages ... pbmus Jun 2014 #15
Agreed. Just getting a degree from a degree factory LittleBlue Jun 2014 #28
A complementary observation is... reACTIONary Jun 2014 #31
K&R! This post should have hundreds of recommendations! Enthusiast Jun 2014 #13
It's got mine. A great graphic about the dysfunction of the American exceptionalism erronis Jun 2014 #25
It was true generation ago that having those high level degees would get you truedelphi Jun 2014 #35
Does someone really need "Understanding Japanese haiku" JDPriestly Jun 2014 #38
I am quite sure that there are lots of people who took the required Liberal Arts truedelphi Jun 2014 #41
The Scandinavians were not complaining about high US military spending 70 years ago (nt) Nye Bevan Jun 2014 #16
I understand your feelings about our military industrial complex ... pbmus Jun 2014 #17
Do you know the history of WWII? JDPriestly Jun 2014 #37
JDPriestly Diclotican Jun 2014 #56
Hitler and the Germans made several critical errors Calista241 Jun 2014 #57
Calista241 Diclotican Jun 2014 #58
Nye Bevan Diclotican Jun 2014 #44
Well said! n/t Spazito Jun 2014 #50
k&r... spanone Jun 2014 #18
Investment to too many people Iwillnevergiveup Jun 2014 #19
K&R ReRe Jun 2014 #20
knr alfredo Jun 2014 #21
Exactly what we need more of in GD! n/t hootinholler Jun 2014 #22
Scares me to death. nolabear Jun 2014 #23
This poster answers its own questions. drm604 Jun 2014 #24
Excellent post. K&R Louisiana1976 Jun 2014 #29
wtf, if you love what you have on the other side of the pond, saidsimplesimon Jun 2014 #30
To the pieman ... pbmus Jun 2014 #32
Good to know, "FYI: Occupy is everywhere", whoku? saidsimplesimon Jun 2014 #33
I am excellent at WWF and whoku is not a word...nt pbmus Jun 2014 #34
K&R. JDPriestly Jun 2014 #36
Outstanding!!! PatrickforO Jun 2014 #43
You hear that Democratic candidates? Free public college Android3.14 Jun 2014 #45
Before 1966 most colleges were free in CA, Reagan changed that ... nt pbmus Jun 2014 #63
Nothing is going to change until... Hotler Jun 2014 #46
If you mean waving garish signs and doing dances ballyhoo Jun 2014 #52
Of course that does result in higher taxes? SmittynMo Jun 2014 #47
Good question. davidthegnome Jun 2014 #53
Brilliantly expressed k/r 10000K SmittynMo Jun 2014 #60
All those student loans could get filed in a BK nolabels Jun 2014 #54
Kick,kick,kicked&Recommended! butterfly77 Jun 2014 #48
K&R n/t lordsummerisle Jun 2014 #51
"The grabbing hands grab all they can" raouldukelives Jun 2014 #55
What's the source for "more money for prisons than education?" Damansarajaya Jun 2014 #59
I believe the quote meant higher education ... not primary ed ...nt pbmus Jun 2014 #62
Either way, it doesn't add up-- Damansarajaya Jun 2014 #64
k&r for the truth, however depressing it may be. n/t Laelth Jun 2014 #61
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