Poll of the Day > They could have used $1.5 trillion to forgive everyone's student loans.

(+) Yeah! (+)

OhhhJa posted...

People can make all the excuses they want but shit decisions are shit decisions even if you are a young adult

But nobody knows whats a shit decision until its been made. Furthering your education to get a good job seems like a good idea at first. But its apparently a shit decision...
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How rotten does your worldview have to be to look at struggling families and all you think is they deserve this

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LinkPizza posted...

But nobody knows whats a shit decision until its been made. Furthering your education to get a good job seems like a good idea at first. But its apparently a shit decision...

I've already gone over this. Trade school is cheap, quick and you can get a good paying job

Judgmenl posted...

Do none of you have 401ks?
Do you guys even have jobs?

What does that have to do with anything?

All of those things are going to affected, and there's nothing anyone can do about it, especially not the waste that just occurred. People who have student debt have those things too, you know.

Hardly anything is stronger than Purchasing Power. Stocks will recover.

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OhhhJa posted...

I've already gone over this. Trade school is cheap, quick and you can get a good paying job

And if everyone goes, then there wont be enough jobs still. I mentioned that earlier, as well... Theres still only so many jobs... And even then, it still has to be something you can do...
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Judgmenl posted...

waaaah line go down

waaaah line go down

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OhhhJa posted...

People can make all the excuses they want but shit decisions are shit decisions even if you are a young adult

Funny, you sing a different tune when it's Trump making shit decisions.
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LinkPizza posted...

And if everyone goes, then there wont be enough jobs still. I mentioned that earlier, as well... Theres still only so many jobs... And even then, it still has to be something you can do...

And everyone wont...

OhhhJa posted...

And everyone wont...

Sure. But if everyone did what you said, they would. Youre saying that everyone should do that, though. Theres only a small number of scholarships given out, so only a very small number of people would be able to go if they only went if they got a scholarship. And youre saying that everyone who doesnt should go to trade school. If everyone followed that advice, then wed still have a a problem, but a different one. And people would still be out of however much they spent on that...
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If this is such a great idea and would have such a meaningful impact on the economy, why not take that amount of money and distribute it as cash on a pro rata basis to people that have paid back their student loans as well as people that still owe them. That would not only be far more fair, but put cash in the hands of more people to lift consumer spending. And that's really what this type of argument is about and not just wiping out debt that some people don't want to repay for a variety of reasons and excuses, right?

a presidential candidate should run on UBI oh well maybe one day

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Game_Grumps posted...

the market infusion was legitimately a very good thing, actually.

any attempts to try and spin it like it wasn't just shows that you don't understand the point of it.

Explain

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Mead posted...

a presidential candidate should run on UBI oh well maybe one day

At the current population, how long would UBI last with just that $1.5 trillion?

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Lokarin posted...

At the current population, how long would UBI last with just that $1.5 trillion?

with a VAT in place, itd be sustainable and would actually reduce the need for a lot of social welfare

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Gaawa_chan posted...

https://theweek.com/articles/901853/feds-15-trillion-intervention-explained

Basically the Fed decided to intervene in the market crash via treasury bonds. 1.5 trillion in the blink of an eye. That chart shows you when it occurred; the effect on the crash only lasted about 15-30 minutes.

Now think what else could have been done with that 1.5 trillion.

Did you even read your own link? It isn't money that went "poof" and is suddenly gone. It'sa temporary loan that allows banks to continue doing business. No money is being lost or wasted that "could have been put to better use"

Basically it reads like no one in this topic understands that the fed is getting that $1.5T back, plus interest, when all is said and done

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LinkPizza posted...

Sure. But if everyone did what you said, they would. Youre saying that everyone should do that, though. Theres only a small number of scholarships given out, so only a very small number of people would be able to go if they only went if they got a scholarship. And youre saying that everyone who doesnt should go to trade school. If everyone followed that advice, then wed still have a a problem, but a different one. And people would still be out of however much they spent on that...

Maybe we need to have that problem. What incentive is there to stop charging these skyrocketed prices for tuition if idiots keep paying that price. Also once again if you have to have the white collar job with a degree from a prestigious University that's on you. There are plenty of universities with cheap tuition that offer the same degrees. It's your fault if you feel you deserve to go to a University with tuition that costs $25000 a year even though you didn't qualify for any meaningful scholarships

OhhhJa posted...

Maybe we need to have that problem. What incentive is there to stop charging these skyrocketed prices for tuition if idiots keep paying that price. Also once again if you have to have the white collar job with a degree from a prestigious University that's on you. There are plenty of universities with cheap tuition that offer the same degrees. It's your fault if you feel you deserve to go to a University with tuition that costs $25000 a year even though you didn't qualify for any meaningful scholarships

Its not that everything thinks they need to have the white collar job. It's that it's what people were told they need a degree for pretty much ANY career job in life at a young age. So, most people get a degree because they were taught you couldn't get a job without one growing up. It's not about having a "white collar job". It's about having any sort of career. And they were again taught when growing up that the better the school, the better your chances were of winning the job over others. People don't care about the labels you put on them like white collar or blue collar or whatever. They just normal want to have a career doing something they can at least do well, and like enough not to want to kill themselves everyday.

As for the first part you mentioned, it seems like it would help at first by making the schools prices go down since less people are going and they would need to lower the price to get students to come. But it could also mean less scholarships for the people who would normally earn them. And they may also take some away. But it might make trade school seem useless since they would be too many students going there. Meaning that a bunch of people wasted their money on trade schools since there won't be enough jobs for even half of them if that many people go. And then it makes trade school seem bad since too many people went, and then there weren't enough jobs...
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LinkPizza posted...

But it might make trade school seem useless since they would be too many students going there. Meaning that a bunch of people wasted their money on trade schools since there won't be enough jobs for even half of them if that many people go. And then it makes trade school seem bad since too many people went, and then there weren't enough jobs...

Then everybody goes back to degrees and the cycle continues.

...or people value both and they go toward both paths, then neither trade schools nor colleges get overpriced.
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Kyuubi4269 posted...

Then everybody goes back to degrees and the cycle continues.

Yeah. It's just a never ending cycle... Well, never-ending until our robot overlords make it so we don't have to work and go homeless. Then make all humans slaves to robots until they eradicate us. But that might not be for a while...

Kyuubi4269 posted...

...or people value both and they go toward both paths, then neither trade schools nor colleges get overpriced.

That would be a good option, but it's probably not going to happen. And even if it did, it probably wouldn't matter as there are too many people anyway with not enough of those jobs... IN the end, people would still end up wasting money for both colleges and trade schools to end up with a minimum wage job somewhere because that's the only one available or whatever...
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