General Discussion

backscatter712

(26,355 posts)

23. The banksters have been using debt as a weapon against everyone who's not a 0.1 percenter.

Sun May 13, 2012, 06:48 PM

May 2012

As for students, the word is debt strike.

Iceland did the right thing in just completely refusing to pay what the IMF claims they owe them.

Fuck debt. It's a weapon designed to keep people enslaved. People are forced into debt either to get an education, or to keep the rent or utilities paid, or to buy groceries when there are no jobs, or just to buy a house.

I'll say this about my personal debts (currently a lot of student loan debt) - if the banksters can't find a way to get an economy rolling where I can get a job that enables me to live comfortably while paying my debts, then I'm just going to welsh.

The student loan payments will be the very last priority behind rent, utilities, health care, food, etc., and I will work very hard to make it impossible for the bastards to collect.

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39 replies

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Crushed by college debt: Massive loan bills hang over graduates, derail life plans [View all] marmar May 2012 OP

Du rec. Nt xchrom May 2012 #1

I don't understand what these kids thought they were getting in to. dkf May 2012 #2

Most of them probably thought they had no choice. n/t Egalitarian Thug May 2012 #3

That's likely true in our corrupt banking/predatory capitalist system just1voice May 2012 #9

That's the choice. backscatter712 May 2012 #25

Why is it the banks fault and not the college or university? dkf May 2012 #32

It's the bank's fault because they paid to have the system set up Egalitarian Thug May 2012 #33

And no one would complain if the banks stopped lending? dkf May 2012 #38

Non sequitur. n/t Egalitarian Thug May 2012 #39

Or they are graduating into one of the worst economies in decades? riderinthestorm May 2012 #4

Kids get remarkably conflicting advice and the situation has become a real Catch 22.. Fumesucker May 2012 #5

The local school district's guidance counselors Mariana May 2012 #17

It is pretty much up to the students to try to track what their total loan payments PA Democrat May 2012 #21

He should have gone in for a trade malthaussen May 2012 #6

I have to wonder what the degree was in customerserviceguy May 2012 #31

Crushes the parents life plans as well liberal N proud May 2012 #7

CCS is a private art college Taitertots May 2012 #8

Yeah. People need to be smart before they get educated. . . Journeyman May 2012 #10

It's Hard for Me to Understand $100K Debt for 4 Year Degrees Indykatie May 2012 #11

Wayne State is literally just down the street Taitertots May 2012 #12

The University of Illinois, a state school is $30k/year. This is NOT private riderinthestorm May 2012 #30

When I first read the name I thought "for profit college" alp227 May 2012 #14

Some observations exboyfil May 2012 #13

The University of Phoenix.... Aviation Pro May 2012 #15

I remember my last trip to Italy 47of74 May 2012 #16

Can't students just borrow $80,000 from their parents? closeupready May 2012 #18

Borrow? $80,000 is less than Romney's birthday money Taitertots May 2012 #19

Well, Hancock owed in the neighborhood of 100,000 pounds to the Crown... malthaussen May 2012 #20

The state of Georgia was founded as a deadbeat's haven. closeupready May 2012 #27

Now all he would have to do is declare his corporation bankrupt n/t Taitertots May 2012 #29

Let the student-blaming resume! (nt) Posteritatis May 2012 #22

I wouldn't want to be a college student or a recent graduate right now. PA Democrat May 2012 #24

Yeah, on my side of the border tuition's gone up by about 50% in the last decade Posteritatis May 2012 #26

I graduated about $5 grand in debt... WCGreen May 2012 #34

The banksters have been using debt as a weapon against everyone who's not a 0.1 percenter. backscatter712 May 2012 #23

For starts payments will come out of any tax refund you may have coming. RC May 2012 #28

All student loan debt should be forgiven. limpyhobbler May 2012 #35

A quick look at the CCS website... meaculpa2011 May 2012 #36

I've graduated into a lucrative field... a la izquierda May 2012 #37