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Discussion in 'Politics Forum' started by Corbic, Feb 3, 2020.

  1. 9397SVTs

    9397SVTs Well-Known Member Established Member

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    Lenders are always at risk. They just charge higher interest rates to cover predictable losses. If individuals were held accountable, rates/costs could be lower.

    If more loans were dischargable, it could lead to more defaults, which costs everyone more.

    It's always going to be the little guy that pays, so it only makes sense for the little guy to be accountable and judicious in their decision making.
     
  2. 1996slowbra

    1996slowbra Well-Known Member Established Member

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    Except people aren't and that mindset is not based in reality, if you think that making all loans non dis chargeable would magically start making people pay back their debts then quite frankly I would question if you are even a human being.
     
  3. Corbic

    Corbic Well-Known Member Premium Member Established Member

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    The problem is, politically, a college education is seen as that great equalizer of our society.

    So by "punishing" devry with either higher rates or refusals to loan you are now effectively "keeping the poor down".

    This is the same bullshit we see with Healthcare that rates should be universal regardless of risk, lifestyle or existing conditions.

    Here's an idea, repayment is garnished from wages on your federal tax income. So the only way colleges get paid is when you start paying taxes. They don't get a penny until then. That would light a fire on their asses to make sure kids graduate and become gainfully employed.
     
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  4. 1996slowbra

    1996slowbra Well-Known Member Established Member

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    That is how the UK does it, seems to work for them. Further it lowers the burden on necessary but low paying professions like social work, education etc, no shit we have a shortage of teachers when we essentially require a Masters but pay them like fry cooks.
     
    Last edited: Mar 26, 2020
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  5. BOOGIE MAN

    BOOGIE MAN Logic and Reason Established Member

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    Man I wish kevin and his notch would come in here and school you all on student loans

    Said no one ever

    Sent from my SM-N975U using the svtperformance.com mobile app
     
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  6. 9397SVTs

    9397SVTs Well-Known Member Established Member

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    Having excellent credit and maintaining a low debt to income ratio does allow for lower loan rates. By being responsible, loan and insurance rates are lower. People with lower credit scores pay higher rates. People with DWI/DUI's or tickets pay higher rates.

    If student loans, which is a personal choice, were dischargable, why would anyone pay it back after getting their degree?

    People should be held accountable for their promise to pay.

    But, what the hell do I know. I'm not even human.
     
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  7. FJohnny

    FJohnny Well-Known Member Established Member

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    We conservative and definitely not socialist Canadians are just looking south in open mouthed disbelief as you socialist Yanks toss out the biggest handouts ever to....well....everyone and everything. It seems unlikely the deficit will ever be leveled off, let alone the country's debt repaid.

    Lol. Just kidding. I know some of you aren't commies. But not really kidding about the debt and crazy deficits. Corona is going to add to it big time. It will also be a convenient excuse for the current administration to use to justify their massive add to the bottom line. The fact that they were well on their way to setting the all time record without even counting the current crisis will of course be denied as fake news.
     
  8. 1996slowbra

    1996slowbra Well-Known Member Established Member

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    You literally explained why people would NOT want to declare bankruptcy in your first sentence. Every other debt is dischargeable, making student loans the exception to the rule is stupid.
     
  9. Sinister04L

    Sinister04L RIP Kane Established Member

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    Is the virus spreading that fast, or is the number of tests conducted picking up? My guess is the latter. If you tested everyone in the US right now the number of confirmed cases would skyrocket.

    Yet our death rate continues to be much much lower.

    Truth. My brother got laid off last week and he still can't get through to apply for unemployment.
     
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  10. jeffh81

    jeffh81 Troll Hunter Established Member

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    As far as the stimulus goes for someone like me it just makes me even to what I was making to before I was laid of. To some it is more than they were making. It’s not a one size fits all thing and they didn’t have time to customize it to everyone.
     
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  11. Need 04 Wine

    Need 04 Wine Meanest CDN on SVTP Established Member

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    I cant tell if your talking about them or us in the last part
    Sent from my SM-G973W using the svtperformance.com mobile app
     
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  12. jeffh81

    jeffh81 Troll Hunter Established Member

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    TMC is telling their employees it will ramp up over the next week and should hit the peak of 3500 cases being treated in TMC and will slowly go down from there. Its all hands on deck down there and my wife had to give up one of her days off to go help fight this crud
     
  13. jeffh81

    jeffh81 Troll Hunter Established Member

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    I think hes drunk right now to be honest
     
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  14. FJohnny

    FJohnny Well-Known Member Established Member

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    Shhhhh.....no need to let them know that.

    Fun to be on the 'You guys are socialists' side instead of always being on the receiving team.
     
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  15. FJohnny

    FJohnny Well-Known Member Established Member

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    Ha ha. Not into it yet but 4:30 PM is rapidly approaching. Cheers!
     
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  16. 1996slowbra

    1996slowbra Well-Known Member Established Member

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    You guys are sober?
     
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  17. Double"O"

    Double"O" N2S come get some Established Member

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    Yeah I'm on ****in call...bastards
     
  18. 1996slowbra

    1996slowbra Well-Known Member Established Member

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    Luckily I can push changes to prod hammered.
     
  19. ON D BIT

    ON D BIT Finish First Established Member

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    1. Banks lend money they don’t have to kids who won’t have a job in 5 years at rates of over 10% interests.
    2. Media magnifies the myth that everyone needs a college degree and the government backs loans to everyone driving up the cost of education 100 fold.
    3. College borrower can’t pay the loan(no job) and interest doubles or triples the loan in 10+ years.
    4. Banks who make hundreds on billions net every year get bailed out there first red quarter while the college graduate that has made no money is still held libel for the principal and 2/3x the interest.

    Great system we have here.
     
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  20. jeffh81

    jeffh81 Troll Hunter Established Member

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    I got laid off and wont get a check until tomorrow. So unfortunately yes I am
     
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