The recession of the '90s was over by March 1991, it lasted only 8 months. It was followed by.... (Reply #18)

In the discussion thread: Biden To Automatically Cancel $5.8 Billion In Student Loans For Over 300,000 Borrowers [View all]

Response to WhiskeyGrinder (Reply #12)

Thu Aug 19, 2021, 07:21 PM

George II (67,782 posts)

18. The recession of the '90s was over by March 1991, it lasted only 8 months. It was followed by....

....the longest period of economic growth in American history up to that time, including wage growth. Those who graduated in the early 90s entered the job market during a boom economy, not a recession.

Getting back to my point, if a person got a college degree in 1990 (average tuition was somewhere around $7-8K back then, lower at public colleges) yet hasn't been able to pay off his/her student debt after 31 years, what was the point in getting a college degree in the first place?

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27 replies	Author	Time	Post
Biden To Automatically Cancel $5.8 Billion In Student Loans For Over 300,000 Borrowers [View all]	George II	Aug 2021	OP
It's a start.	WhiskeyGrinder	Aug 2021	#1
It's a continuation - he's already forgiven over $3B before this. But we never see.....	George II	Aug 2021	#3
My comment was dry, because $5 billion is hardly a drop in the bucket.	WhiskeyGrinder	Aug 2021	#4
He probably won't forgive it all, nor should he.	George II	Aug 2021	#6
He should, but you're right.	WhiskeyGrinder	Aug 2021	#7
There is a member of Congress with net worth of close to $30M, should his student debt be forgiven?	George II	Aug 2021	#10
Sure.	WhiskeyGrinder	Aug 2021	#12
Lol! Nt	USALiberal	Aug 2021	#15
More of your decisive insight!	LanternWaste	Aug 2021	#16
Fix your quote!	USALiberal	Aug 2021	#17
Ain't gonna fix what ain't broken, pal.	LanternWaste	Aug 2021	#19
So basically I need to explain what is wrong with a quote you decided to use?? LOL......	USALiberal	Aug 2021	#20
I have no idea what you need to do. I simply want to see assertions supported with evidence.	LanternWaste	Aug 2021	#21
Fix your quote!	USALiberal	Aug 2021	#22
Doing the same thing over and over again and expecting different results, eh?	LanternWaste	Aug 2021	#23
The recession of the '90s was over by March 1991, it lasted only 8 months. It was followed by....	George II	Aug 2021	#18
The recession was certainly over on paper. But the jobs came back more slowly, which is why	WhiskeyGrinder	Aug 2021	#24
I'll give you until 1994, by then Clinton's policies had fully kicked in. So that leaves us....	George II	Aug 2021	#25
I'm not quite sure what you're asking me to answer -- any individual person can have any	WhiskeyGrinder	Aug 2021	#26
There's no need to decide, President Biden has already done so.	George II	Aug 2021	#27
Excellent! Thank you, President Biden!	Aristus	Aug 2021	#2
Canceling it all ain't happening, but if it did, whoa.	Johnny2X2X	Aug 2021	#5
That's what they should do instead of blindly forgiving all debt.	George II	Aug 2021	#8
They already have the 10% PAYE option	Johnny2X2X	Aug 2021	#9
They need to fix the root cause of student loan problem. College doesn't have to be free but	JoanofArgh	Aug 2021	#11
No one wants to talk about that	MichMan	Aug 2021	#13
I hope there are refunds for students who busted there ass paying off their loan! Nt	USALiberal	Aug 2021	#14

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