AuthorTopic: The Official Student Loan Debt Slavery Thread  (Read 10953 times)

Offline WHD

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Re: The Official Student Loan Debt Slavery Thread
« Reply #60 on: January 06, 2013, 07:18:29 PM »
Here is a fuckin’ incredible formula;  (Banker Slave Avoidance = Save, Then Purchase).

Incredible indeed, because you can't save up for a Tuition that Inflates in cost faster than your income does.  WTF could save up $200K plus for a 4 year tuition for even ONE of their kids to go to Duke University and get a bullshit BA? Even if you are making $100K/year for the 18 years in between the birth of the child and entry to college you can;t save that much after taxes and living expenses, not to mention the medical insurance and bills and the new tires for the car....

So effectively what you are saying here is if you are J6P Middle Class, DOWNSIZE your ambition for your kid to at least have the same shot in life you did.  "I'm sorry son, I don't make enough money to send you to my Alma Mater of Duke University.  You can go Online and live in the Basement of our McMansion for 4 years and get a Degree from Kaplan Online University.  We can afford that."

Downward Mobility all the way under the StuchenDimwit Program!  LOL.   Ya can't afford College, don't take out a loan and don't go!  Work for 100 years flipping burgers at Mickey Ds, SAVE up enough, THEN go to College as a Centenarian!  LOL.

RE


I don't think Stuchenheimer quite gets the changing state of play, relative to the period his Dad and my Dad made their money. You can't even put your saved up cash in a savings account and cover inflation. In fact, unless you have REAMS of excess cash, it's no easy thing to invest in the Worlds Greatest Casino EVER - WS, and make enough to cover REAL inflation.
« Last Edit: January 06, 2013, 07:23:42 PM by WHD »

Offline Snowleopard

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Re: The Official Student Loan Debt Slavery Thread
« Reply #61 on: January 06, 2013, 07:20:03 PM »
Here is a fuckin’ incredible formula;  (Banker Slave Avoidance = Save, Then Purchase).

Incredible indeed, because you can't save up for a Tuition that Inflates in cost faster than your income does.  WTF could save up $200K plus for a 4 year tuition for even ONE of their kids to go to Duke University and get a bullshit BA? Even if you are making $100K/year for the 18 years in between the birth of the child and entry to college you can;t save that much after taxes and living expenses, not to mention the medical insurance and bills and the new tires for the car....

So effectively what you are saying here is if you are J6P Middle Class, DOWNSIZE your ambition for your kid to at least have the same shot in life you did.  "I'm sorry son, I don't make enough money to send you to my Alma Mater of Duke University.  You can go Online and live in the Basement of our McMansion for 4 years and get a Degree from Kaplan Online University.  We can afford that."

Downward Mobility all the way under the StuchenDimwit Program!  LOL.   Ya can't afford College, don't take out a loan and don't go!  Work for 100 years flipping burgers at Mickey Ds, SAVE up enough, THEN go to College as a Centenarian!  LOL.

RE

Sure looks like a lose, lose proposition to me.  Mega debt + fat chance, or guaranteed downward mobility. 

Maybe some uni will take you on as a custodian or groundskeeper and you can get free tuition?  Probably those jobs go to employees' inlaws.
"A man sees what he wants to see and disregards the rest." -  Simon and Garfunkel

Offline JoeP

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Re: The Official Student Loan Debt Slavery Thread
« Reply #62 on: January 06, 2013, 07:20:28 PM »

I think to go to College you need a 1600 on your SAT.   :icon_mrgreen:

RE

I suppose that would solve a few "decision making" problems.   ;D
just my straight shooting honest opinion

Offline Stucky1

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Re: The Official Student Loan Debt Slavery Thread
« Reply #63 on: January 06, 2013, 07:26:08 PM »
“The bank can hire an actuary who would make a assessment on the probability of a student obtaining a job after graduation …”  
-----monsta

You place much faith in actuaries.  Ivy League economists can’t even predict the next fiscal quarter accurately, and these actuaries are going to predict 4+ years into the future? Even so, at best they can predict what type of jobs might be in demand. They can’t predict diddlysquat about the student; will they study, are they motivated, committed, etc. 

“Grrrrrrr. You get to lecture the likes of me about moral obligations to Pigmen …”-----WHD

If I’m lecturing, I apologize.  Feel free to do whatever you want … without judgment from me. I thought I was just discussing my viewpoint.


“…. Driving The World Toward Epic Over-Reach Insolvency, when you come up with some DOABLE SOLUTION about how to hold the MASTERS OF THE UNIVERSE accountable for their devilish machinations. OK  …… And now that there are no jobs, you say, pay up anyway?”  -----WHD

I am sorry you are underwater. We are also. I understand first-hand the evil shit the bankers have done regarding mortgages.  If they committed fraud in the transaction then that’s a broken contract and I say “Fuck them. Don’t pay them.”

But a house underwater does not constitute fraud. Was there a line in the contract that stated; “You don’t have to pay us back if your house is underwater.”?  Was there a line in the contract that said, “You don’t have to pay us back if there are no jobs.”?  Was there a line in the contract that said, “You don’t have to pay us back if it’s proven we are fucking crooks.”? 


I’m starting to understand what Ashvin must feel.  You guys are gang-banging me.  My a-hole is starting to hurt. I don’t have a single supporter here?  I Am the Voice Crying in the Wilderness …. “Repent, Pay Up muthafuckers!”

Offline Petty Tyrant

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Re: The Official Student Loan Debt Slavery Thread
« Reply #64 on: January 06, 2013, 07:27:49 PM »
I certainly wont be trying to find 100,000$ per kid per degree. NO WAY. Sending them to private school has cost enough and the smart one is close to finishing school and should be in the top 10% and get some scholarship, plus a part time job, plus I paid into a plan for her over 10 years ago.

The youngest one if there is still a functioning economy by the time he finshes school, where the various uniforms alone cost about 450$/yr can do an apprenticeship in a technical field and then his employer can pay for him to do extra courses if he wants to be an engineer. Both his grandfathers who are engineers both did exactly that in the 1970's.  Im not a goddam money tree.
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Offline RE

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Re: The Official Student Loan Debt Slavery Thread
« Reply #65 on: January 06, 2013, 07:34:40 PM »

I’m starting to understand what Ashvin must feel.  You guys are gang-banging me.  My a-hole is starting to hurt. I don’t have a single supporter here?  I Am the Voice Crying in the Wilderness …. “Repent, Pay Up muthafuckers!”

Not just Watson.  Now you get a bit of a taste of what it was like for ME on TBP.

You TOUGH ENOUGH for it Stucky?  Can you answer all comers and never quit until the fucking Admin starts deleting your posting and rewriting it?  You're a New Jersey boy, not  boy from Hell's Kitchen in the Big Apple, so you probably are a Panty Waist.  We'll see.  LOL.

RE
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Offline Stucky1

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Re: The Official Student Loan Debt Slavery Thread
« Reply #66 on: January 06, 2013, 07:51:07 PM »
“Downward Mobility all the way under the StuchenDimwit Program!  LOL.   Ya can't afford College, don't take out a loan and don't go!  Work for 100 years flipping burgers at Mickey Ds, SAVE up enough, THEN go to College as a Centenarian!”  -----RE

You raise VERY good points.  I do not live in the past.  I KNOW that college costs are astronomically higher in relative terms to when I went in the 70’s.

Guess what?  That’s exactly how it USED to be.  There WAS a time when college was only for the wealthy.  College used to be a priviledge, now it's a "right".  All the RE’s of that time cried out, “That’s not fair!!”.  Along comes Daddy Gooberment and makes it “affordable” for one and all, smart and stoopid alike … and, here we are.

Your solution is worse than mine.  Go to college, take a loan, fuckit, don’t pay it back, post on DD how awesome you are, aggravate Stucky into a heart attack.

You present false alternatives regarding flipping burgers for 100 years.  Plenty of decent jobs that don’t require college.  Big Rig truck driver, for one. BTW, if high schools ACTUALLY taught kids SOMETHING, we wouldn’t need most college degrees. I think the average American college kids are dumber than most European high schoolers.

I can take ANY SHIT YOU FLING MY WAY. Game on.
« Last Edit: January 06, 2013, 07:52:47 PM by Stucky1 »

Offline WHD

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Re: The Official Student Loan Debt Slavery Thread
« Reply #67 on: January 06, 2013, 07:55:27 PM »
“The bank can hire an actuary who would make a assessment on the probability of a student obtaining a job after graduation …”  
-----monsta

You place much faith in actuaries.  Ivy League economists can’t even predict the next fiscal quarter accurately, and these actuaries are going to predict 4+ years into the future? Even so, at best they can predict what type of jobs might be in demand. They can’t predict diddlysquat about the student; will they study, are they motivated, committed, etc. 

“Grrrrrrr. You get to lecture the likes of me about moral obligations to Pigmen …”-----WHD

If I’m lecturing, I apologize.  Feel free to do whatever you want … without judgment from me. I thought I was just discussing my viewpoint.


“…. Driving The World Toward Epic Over-Reach Insolvency, when you come up with some DOABLE SOLUTION about how to hold the MASTERS OF THE UNIVERSE accountable for their devilish machinations. OK  …… And now that there are no jobs, you say, pay up anyway?”  -----WHD

I am sorry you are underwater. We are also. I understand first-hand the evil shit the bankers have done regarding mortgages.  If they committed fraud in the transaction then that’s a broken contract and I say “Fuck them. Don’t pay them.”

But a house underwater does not constitute fraud. Was there a line in the contract that stated; “You don’t have to pay us back if your house is underwater.”?  Was there a line in the contract that said, “You don’t have to pay us back if there are no jobs.”?  Was there a line in the contract that said, “You don’t have to pay us back if it’s proven we are fucking crooks.”? 


I’m starting to understand what Ashvin must feel.  You guys are gang-banging me.  My a-hole is starting to hurt. I don’t have a single supporter here?  I Am the Voice Crying in the Wilderness …. “Repent, Pay Up muthafuckers!”

Stuchenheimer,

Sorry you feel so hurt. You are no Ashvin. But you did show up all moral-like actin' like there is ANY kind of moral obligation to Pigmen, other than maybe not to kill them (though RE might disagree.) Is there a line in my mortgage document "we reserve the right to sign a few ten million mortgages that we know will never be paid and then bundle them more or less secretly and pass them off as sound securities and thereby implode the global economy leading to our perpetuation as Masters of the Universe for ALL ETERNITY or at least until such time as there is money to be made" ? No, there isn't.

I WORKED for big bank, in their MORTGAGE DEFAULT dept. I SAW that 80% of the loans I audited would not have been viable unless the economy grew at 5% for the rest of eternity. I'm not saying people don't have to take ANY responsibility for entering into contracts; I am sayin' though, what happened to the big banks, for that epic FRAUD? Big gov gave them the keys to the kingdom, that's what.

I didn't mean to insult you either. Generally, I appreciate your commentary. Just sayin' though, on the Diner, NO ONE gets to saunter in and make it sound like the little people should be moral, but the big dogs aren't ever going to be, so deal with it, whatever.

Sorry to hear too, you are underwater. In fact, I'm all for jubilee at this point, across the board. After which, usurers get hauled out to the Marianas Trench and DEPOSITED.  :icon_mrgreen:

Offline Petty Tyrant

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Re: The Official Student Loan Debt Slavery Thread
« Reply #68 on: January 06, 2013, 07:58:54 PM »
Im half with you Stuchenhammered,
eg, I once had a patient whose wife had very recently died in a car crash but he was allright with that. He was under stress because as a big fatcat building contractor the bank had lent him too much money on a big development. He was suing the bank for their irresponsibility in lending him the dollars which he could not pay. What a load of bullshit eh? And he won, because he's a fatcat, not like us with a fat chance.

But 18-22 yr olds are not the same to me. What the hell do they know about what they are doing? They just think they are going to party hardy for a few years then get a good job and it will be ok. Their parents are zombies who think the recovery will be all peaches by the time they graduate and they want that graduation foto on the wall as well.
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Offline RE

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Re: The Official Student Loan Debt Slavery Thread
« Reply #69 on: January 06, 2013, 08:05:32 PM »

I can take ANY SHIT YOU FLING MY WAY. Game on.

I know you can Stuck, and that is why I went on a MISSION FROM GOD to draw you over here into the commentariat on the Diner. That was probably 90% of the reason I started posting
again on TBP and cross posted articles with Jimbo.  DESPITE huge objections from Surly on doing this. Too many poeple here agree with me, and too few have as good a sense of humour as you do.

Indeed, GAME ON.  Guns or Knives, Butch?  :icon_mrgreen:

RE
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Offline Stucky1

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Re: The Official Student Loan Debt Slavery Thread
« Reply #70 on: January 06, 2013, 08:13:19 PM »
WHD

I was only kidding about feeling hurt. I’m a big guy – really big --- and I CAN take it. Lol And you, kind sir, certainly did not insult me.  Loving all the discussion here … lightweight banter compare to TBP.

I am a product of my upbringing. Aren’t we all?  Certain aspects I have rejected … others have stuck with me like stink on shit.  My dad believing that a debt is an obligation of a promise to repay is one that stuck.  He not only believed it, he lived it. He NEVER paid even one bill late in his entire life.  Quite a feat for a 90 year old man. In fact, the normal course of operations was/is to pay the bill the day it arrives in the mail.

Offline Stucky1

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Re: The Official Student Loan Debt Slavery Thread
« Reply #71 on: January 06, 2013, 08:17:20 PM »
"That was probably 90% of the reason I started posting again on TBP and cross posted articles with Jimbo." ----RE

WOW.  I don't know what to say.  Thanks, man.

Knife or gun?  Hmmmm.  Remember when I called you an "evil monster" ... and meant it?  Bring your BIGGEST gun.

Offline Petty Tyrant

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Re: The Official Student Loan Debt Slavery Thread
« Reply #72 on: January 06, 2013, 08:17:59 PM »
[quote author=Stucky1 link=topic=1060.msg14543#msg14543

You raise VERY good points.  I do not live in the past.  I KNOW that college costs are astronomically higher in relative terms to when I went in the 70’s.

Guess what?  That’s exactly how it USED to be.  There WAS a time when college was only for the wealthy.  College used to be a priviledge, now it's a "right".  All the RE’s of that time cried out, “That’s not fair!!”.  Along comes Daddy Gooberment and makes it “affordable” for one and all, smart and stoopid alike … and, here we are.

You present false alternatives regarding flipping burgers for 100 years.  Plenty of decent jobs that don’t require college.  Big Rig truck driver, for one. BTW, if high schools ACTUALLY taught kids SOMETHING, we wouldn’t need most college degrees. I think the average American college kids are dumber than most European high schoolers.

[/quote]

You are echoing the same stance as myself and GO here. Although it would be easiest as a drug dealer or prostitute taken to the logical limit.
ELEVATE YOUR GAME

Offline RE

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Re: The Official Student Loan Debt Slavery Thread
« Reply #73 on: January 06, 2013, 08:24:01 PM »

Sorry you feel so hurt. You are no Ashvin.

Don't worry about hurting Stucky's FEEWINGS.  Stucky is the Anti-RE.  He wears Fireproof BVDs when he posts on the net just like I do.  Trust me, there is no Insult too Big Stucky can't take it and come back Swinging with a Bigger One.

The Pahhty is just beginning now.  This is Laurel & Hardy and Abott & Costello on Doom Steroids.  Trust me on this, when me & Stucky get rolling, Doom gets FUNNY!  :icon_mrgreen:

HEY ABOTT!!!
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Offline WHD

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Re: The Official Student Loan Debt Slavery Thread
« Reply #74 on: January 06, 2013, 08:36:09 PM »
WHD

I was only kidding about feeling hurt. I’m a big guy – really big --- and I CAN take it. Lol And you, kind sir, certainly did not insult me.  Loving all the discussion here … lightweight banter compare to TBP.

I am a product of my upbringing. Aren’t we all?  Certain aspects I have rejected … others have stuck with me like stink on shit.  My dad believing that a debt is an obligation of a promise to repay is one that stuck.  He not only believed it, he lived it. He NEVER paid even one bill late in his entire life.  Quite a feat for a 90 year old man. In fact, the normal course of operations was/is to pay the bill the day it arrives in the mail.


Stuchenheimer,

Good then. You are not one of those who takes things TOO seriously. This is supposed to be FUN!  I LIKE YOU!  ;)

Kudos to your Dad. He sounds like my Dad. Who still holds partial title to this house, which is WHY I find myself in such a quandary. My preferred course of action would be to stop paying and go toe to toe with big bank/racketeering enterprise. Making LOTS of noise. My Dad does not want to talk about big bank, or epic gov/bank FRAUD. He is still convinced, given a little time, the market will be right back where it was. I stop paying, he just picks up the mortgage, no matter how much I tell him he's nuts.

BTW, I enjoyed this:

Quote
Your solution is worse than mine.  Go to college, take a loan, fuckit, don’t pay it back, post on DD how awesome you are, aggravate Stucky into a heart attack.

You present false alternatives regarding flipping burgers for 100 years.  Plenty of decent jobs that don’t require college.  Big Rig truck driver, for one. BTW, if high schools ACTUALLY taught kids SOMETHING, we wouldn’t need most college degrees. I think the average American college kids are dumber than most European high schoolers.

Right, about the High School thing. Institutional schooling in this country is mostly about sorting out who are going to be the WINNERS, and who are going to be the LOSERS, basically keeping young people for a while out of the workforce. Like you say, not really teaching them anything of value. Most of what I studied in college, I could have handled NO PROBLEM at 14-18: Particularly if this culture were not so invested in perpetuating Childhood until death.

BTW - How big? LOL

WHD
 

« Last Edit: January 06, 2013, 08:38:52 PM by WHD »

 

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