Welcome to the world of corporate bailouts LOL. During covid the federal reserve literally refinanced bad loans for thousands of corporations. Study the trump tax cuts which gave away billions in fake tax credits to top 1%. Federal Reserve balance sheet grew by more than 3 trillion with no authorization from congress. Boohoo some average folks get relief once in a lifetime and we flip out. Federal Reserve gives away trillions in corporate bailouts we don't even question it.
People are told to go to college or increase your risks of being poor, what do you think people will do?
Apologies for getting to this a bit later, was typing from my phone the whole time. The university system in the US vs. that in Germany is in some way a mirror of the respective societies. In Germany, more is covered by the government, but taxes are much higher. There aren't really many "elite" universities. I would say the quality of research done is still good. But the universities are much less fancy than the top ones in the US. Ratio of professors to students is much worse. But also, as a student, you don't build up crazy debt like you do in the US. I remember that when I came from Germany to the US as a foreign student in 1995 (after getting my law degree in Germany) at age 23, I was kind of shocked by several things. On the one hand, even a lower tier university like U of H had much better facilities than the university I studied at in Germany before. The ratio of professors to students was better in the US. The whole system demanded more physical presence. On the other hand, I saw how high the tuition at private universities was and (similar to your relatives in Germany) thought this was crazy. The truth is that it is an investment in yourself, but that also forces you to be much more focused on academic success. To be honest, in Germany, I didn't give a flying ****, barely studied, was perma-drunk, and still did ok enough to get a Fulbright scholarship. In Houston, I then did the same because I knew nobody would care about my grades after coming back lol, just about having the degree itself. But I could see that people who were "investing in themselves" had a really different attitude. It forces you to be focused and study hard. So I would say that the system where you have to invest in yourself and then earn it back, to some extent, leads to better results for society, because you simply don't have time to be a dumbass and glue yourself to a street to protest "climate change", while still being enrolled as a student (for free, basically, and getting subsidized on top) in your 28th semester at university, age 35. On the other hand, I do understand and recognize that this system makes it much harder for people from lower income families to "work their way up". Many have proven that it is still possible, but it takes enormous discipline, and obviously, you need to be somewhat intellectually gifted in the first place. So I totally get the idea behind forgiving student loans. But I think a better step would be to reform the system somehow. I don't know how. More scholarships? Some of these universities are insanely rich, with massive endowments. I don't really have a solution, but I understand what your relatives in Germany are saying. And I also understand that being in a massive financial hole before you even get to age 30 kind of forces you into a pretty brutal rat race. In a way, I guess that is what those in charge want.
They are being told that by people who could afford to send their kids to the best private schools their whole life, and can afford to pay their kids' tuition to the best colleges in the country without any hardships on themselves. The others piping in are just bitter Bettys, who didn't get help when they needed it, and don't want anyone else getting it.
My issue with right wingers is that in theory what they spew is correct but the issue is none of their leaders follow their theories. Trump and Bush both gave away hundreds of billions in tax CREDITS that ended up to be scams. The federal reserve gives away trillions to corporations without being authorized by congress and nobody says a thing. Trump signed over 40+ executive orders that de regulated industries and helped the rich become richer. I don't see how that's fair but somehow student debt is so immoral. @AroundTheWorld Right wingers in real life are more populist than their leaders because the donation class is all elite. Republicans in power don't govern anything lkke what their base wants them to economically
Thanks for pointing out probably the worst aspect of this ancient undemocratic document. It is viertually non amendable. Hey in its it was clearly a great advance of King George? making all the decision. It also has done a great job of protecting the one minority group it was most designed for to protect the very rich. It would be laughable but all but the most oligarchy fans to design an allegedly democratic constitution like that in this century.
This is all well said and agree with it. My core problem with political monetary forgiveness and and subsidies is all too often the core of the problem is never addressed. The $20,000 college break has become an entitlement discussion. I agree special programs could be created to help work those debts off at a high rate of return instead of continuing to allow the college system abuse kids and give them a free ride. Unfortunately I feel like the gap between the well off and the financially impaired will continue to worsen going forward. Its not that hard to score a $100k job anymore and if a person is not prepared with the right tools and skill sets, they risk falling way short below the needed standard of living.
I don't have any idea what the middle part there means. I would say you are doing some very heavy lifting with the word virtually (or viertually) considering it has been amended more than two dozen times.
You have a problem with the fundamentals of this countrys governance. This is your problem, not the country's and its citizens. Its not 'virtually non amendable'. Its doing what it is programmed to do; Protect it from jackasses like you who wish to turn this country into a socialist nightmare. There is no perfect governance but the world agrees, regardless of this countrys flaws, its one of the best places to be. I dont understand why those like you (well I do - you're envious you're at the bottom instead of the top) wish to destroy it. If the country faces a severe enough problem and the country needs to amend its foundation, then it will correct itself. The constitution says 75% is the majority, not 51%. Clearly its not that difficult to manipulate 51% of the population into a fraudulent belief.
Student loan debt decision is going to hurt for-profit colleges more than anything else. Their tuition is crazy high and the degrees are next to useless; I work with a 'PhD' from a degree mill and no one calls her Dr....and she knows not to introduce herself as such. Something else that needs to happen is the GI Bill needs to exclude for-profit schools. My wife worked at the Art Institute and saw firsthand how the 'counselors' at these places were just salespeople and would salivate any time a vet walked in the door, and tell them that they only had to attend one day a semester to get school and housing paid for. It is a massive scam that needs to be addressed. (this is why my wife resigned) I agree that there is massive enrollment bloat at the college level. If you're getting an art degree, you'd better be fully informed of salary and job availability and have your career mapped out. Teaching is a viable option, we have a massive teacher shortage. I personally don't advise kids who don't have a clue to go to college 'just to go' unless the tuition is stupid low, like at community colleges. I respect an associates degree much more than the aforementioned for-profit school PhD or Masters degrees. I'd prefer scholarships for in-demand shortage fields (STEM/Medical) over debt forgiveness, but that doesn't help the people who made these terrible decisions when they were 18 years old. Relieving debt has been proven to stimulate the economy.
Does anyone here think the Supreme Court would look at the bank bailouts differently than the student debt bailout? The issue people have with the court is the hypocrisy and corruption. The treasury bailing out the banks is same authority. The Robert's court would never question the treasury authority under the "major question doctrine" cuz it helps the elite.
The last amendment was on May 05, 1992. Yeah, things have gotten so much better for the average American in the last 31 years. USA ! USA! Hey mindless cheerleading is all too prevalent among little guys like space ghost who identify with the billionaires. Lower education levels, lower life expectancy . high crime, frequent mass shootings the disgraceful Donald Trump, etc. etc. suggest that the US is objectively around the 30th best country out of 200.. It can be argued I guess that it may be the number 1-5 if you are quite wealthy. Why not try to make it better for a larger percentage?
we have one political party that is controlled by hucksters who sell fraud and lies in order to manipulate its base into fraudulent beliefs.
If you want a middle ground, I'll just offer up what I've seen in Canada. The system is more or less the same as the US. However, tuition is substantially lower for residents. Prices here are what they were in the US several decades ago. A year of tuition is anywhere between $1000-$7000 for the year. But the facilities tend to be lower, the campuses are larger and the campus experience pales in comparison to the US. It is entirely plausible to pay for school through a job. Beyond the cost of tuition, there tends to be more government grants available to students. If you do take loans here, they are 0% interest nowadays and if a student takes on some loans, its all quite small (and the government forgives them relatively quickly compared to the US) But all of this is undergraduate. Medical schools here charge extortionate rates like the US and law schools are pretty expensive as well (although they're still a lot cheaper than the US). But graduate funding for Masters programs is much better than the US while PHD funding in the US tends to be better. But overall, state funding for universities is quite a bit higher. But the dark side to this is that Canada's relatively open immigration policy means that schools are just going out of their way to find international students that will pay US style prices ($40k per year at public universities). So immigrants are also helping to fund lower tuition for residents.
