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rrneck

(17,671 posts)

33. What you see there is

Thu Jul 26, 2012, 11:42 AM

Jul 2012

the 1% pushing risk down the economic ladder.

Industry demands workets train themselves for a competitive job market. That training is expensive. So expensive it has become impossible to realize a return on one's training investment. It's impossible because the same 1% that demands all that training profits by loaning the money to pay for all that training.

And the judgementalism you just displayed is counterproductive to our political objectives. Questioning the integrity of players in a game rigged by our political enemies makes me wonder who you're rooting for.

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49 replies

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Highlight:

Student loan market a brake on US economy [View all] alp227 Jul 2012 OP

K&R patrice Jul 2012 #1

but...but...but bighughdiehl Jul 2012 #2

We need "Comprehensive Student Debt Reform" limpyhobbler Jul 2012 #3

If that happened I'd piss my pants davidpdx Jul 2012 #29

That's Elizabeth Warren's Consumer Financial Protection Bureau, right? nt patrice Jul 2012 #4

This agency is really off to a great start even by raising these issues. limpyhobbler Jul 2012 #7

Feeling hopeful here. Proud of this very courageous stand not only on student debt but ALSO patrice Jul 2012 #8

LOVE the point this article makes about possible connection between Student Debt & Mortgage crises! patrice Jul 2012 #5

Or just allow people to convert their bank education loans into Dept. of Ed. Loans. limpyhobbler Jul 2012 #6

I agree convert to government loans lovuian Jul 2012 #20

People learned nothing about debt even with the mortgage debacle. dkf Jul 2012 #9

Most of the debt they are considering was taken on during the same era as the sub-prime mortages limpyhobbler Jul 2012 #11

You sound like you have no clue on why student debt is so hard NOT to have. Katashi_itto Jul 2012 #13

Goodness your solution to avoid paying your loans was more schooling which increased your loans? dkf Jul 2012 #16

Some people would go to great lengths to better themselves. Ash_F Jul 2012 #28

What you see there is rrneck Jul 2012 #33

It's not for anyone trying to better themselves by any means at their disposal, that's for certain. Ikonoklast Jul 2012 #39

In all fairness, someone deciding to avoid loan payments by simply taking out more loans... OneTenthofOnePercent Jul 2012 #41

Are you majoring in a field that has a high demand? snooper2 Jul 2012 #30

The poster says they're in a business major. Is that a "high demand" career in your mind? riderinthestorm Jul 2012 #31

Usually you have an idea of what type of industry/career path you want to be on.. snooper2 Jul 2012 #32

I don't understand your post. riderinthestorm Jul 2012 #34

to me saying business degree is the same as a liberal arts degree... snooper2 Jul 2012 #35

Yes there are an entire subsection of majors that can fall under a "business degree" riderinthestorm Jul 2012 #38

Actually, my degree is a double major in Finance and Economics, I am now working on my CPA Katashi_itto Jul 2012 #44

check out telecom companies snooper2 Jul 2012 #46

when i worked for the state shanti Jul 2012 #36

I wish nothing but the best for you in the future Katashi_itto, PotatoChip Jul 2012 #43

Thanks very much, that is extremely kind! I am saving that comment for a rainy day. Katashi_itto Jul 2012 #45

are you capable of understanding that people were blatantly lied to by state universities, human res magical thyme Jul 2012 #15

If your problem is you can't find a job and the loan would be manageable if you could that is one dkf Jul 2012 #17

Most students I know "ran the numbers" when they started schooling 5 years ago riderinthestorm Jul 2012 #18

Great post unapatriciated Jul 2012 #42

You say that as if there were a choice. n/t Egalitarian Thug Jul 2012 #48

We Should Support Higher Education the way Finland Does AndyTiedye Jul 2012 #10

Like virtually all industrialized countries do - if you are smart enough, university is subsidized riderinthestorm Jul 2012 #19

What we need is a return to the idea that education is a public good, not a private purchase. Nay Jul 2012 #12

this is an important issue. K&R closeupready Jul 2012 #14

A Depression is what we are in and Austere measures don't work lovuian Jul 2012 #21

Dysfunctional Indeed cbrer Jul 2012 #22

Maybe they could use a bailout..... DeSwiss Jul 2012 #23

Education its part of our national security n/t AlphaCentauri Jul 2012 #24

Any chance of bailing out students rather than banks this time around? NickB79 Jul 2012 #25

probably too much sanity to handle. limpyhobbler Jul 2012 #27

Given the hate-on for education these days, it's sadly unlikely. (nt) Posteritatis Jul 2012 #40

Even gainfully employed people ages 25-35 are not buying houses because of debt bluestateguy Jul 2012 #26

I'm waiting, to see if the economy get's better crimson77 Jul 2012 #47

The whole idea that a university should substitute education for industry specific skills is galling cap Jul 2012 #37

Encouraging business to put employee education off on the taxpayers is a big part of the problem. Egalitarian Thug Jul 2012 #49