Student-Loan Delinquency Skyrocketing, Reportedly Hitting 'Danger Zone'

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29. It's NOT the rich kids who are borrowing the money.

That makes absolutely no sense. Why would a rich brat borrow money and pay interest, if they have the money? The rich sell their stocks or borrow from Mom and Dad to go to college. They don't take out student loans. Ask Mitt what he did to go to college or what he suggests student do to afford college.

Now if a person were starving would you complain because someone gave them free food when you had to pay for your food? It's a one time free food offer for some, would you complain? If someone were thirsty would you scream if someone gave them free water while you had to pay a water bill? It's a one time free water offer for some, would it be "fair"? There are programs for the homeless where they get free lodging, yet you pay for your home or rent. It's only offered to some and not everyone can get it.

So, I really have a problem with people who feel cheated because they wont be able to get their loans forgiven if we forgive the loans of others. Or those who feel it's somehow unfair if we rescued homeowners and students from our abusive capitalist system. Yet do you hear those same people complain when we bailed out all the rich banksters but not the smaller, poorer banks. They don't seem to mind the inequity of saving the uber rich from their own stupidity but try and help a poorer person and suddenly it's NOT "fair".

If you are concerned that the uber rich, those who own million dollar homes in Malibu, will take advantage of a program that is designed to help the poorer person then you are way too late to the party. The rich are already taking advantage of those programs. Just look at the bankster bailouts, the subsidies to oil corporations, and the farm bill. The rich are taking in millions and billions from those programs.

But if truth be told, it would be easy enough to design a student loan forgiveness program that would exclude the rich. It would be easy enough to design a mortgage forgiveness program that would make ineligible the million dollar home in Malibu. It's a simple system to put in eligibility requirements. It's been done before. It's NOT an excuse for letting the middle class and poor suffer while the rich are bailed out.