5 ms·

"I paid my bills so everyone must too!". Should we wipe out credit card debt next? Surely that's more of a burden than student loans since you can't defer paym

"I paid my bills so everyone must too!". Should we wipe out credit card debt next? Surely that's more of a burden than student loans since you can't defer payment and the interest rate is higher. How about mortgages, hundreds of thousands of dollars in debt is definitely "suffering" levels.

Simulacra 7y ago
"In 2 minutes, primary charges will blow base charges and a few square blocks will be reduced to smoldering rubble."
bearjaws 7y ago
You are being disingenuous when comparing spending too much money on your credit card to spending "too much" on education. I put "too much" in quotes because determining what the "right" education to get for the future is impossible. There are some educations that are more reliable (economically) but we have no clue what the job market will look like in 20 years, yet alone 30-40. Also don't even get me started on how we turned a literal requirement to survive (housing) into a "investment" asset (mortgages).
- malvosenior 7y ago
  Why is that disingenuous? People put food and rent on credit cards all the time, do they not need those things? You need a place to live (as you say) so by your logic we should forgive mortgages right? It's crystal clear right now that "an interdisciplinary degree in religious and women's studies" has little to no economic value. That's always been the case and if you took out a huge loan to get that degree, you made an obviously poor financial decision that you alone should be on the hook for.
- djrogers 7y ago
  > You are being disingenuous when comparing spending too much money on your credit card to spending "too much" on education. Nothing disinenguous about it when 'student loans' can be used for 10s of thousands of dollars worth of 'cost of living' type expenses. I refuse to take any student debt proposals seriously until someone puts forth one that excludes non-tuition expenses.

Simulacra 7y ago

"In 2 minutes, primary charges will blow base charges and a few square blocks will be reduced to smoldering rubble."

bearjaws 7y ago

You are being disingenuous when comparing spending too much money on your credit card to spending "too much" on education. I put "too much" in quotes because determining what the "right" education to get for the future is impossible. There are some educations that are more reliable (economically) but we have no clue what the job market will look like in 20 years, yet alone 30-40. Also don't even get me started on how we turned a literal requirement to survive (housing) into a "investment" asset (mortgages).

malvosenior 7y ago
Why is that disingenuous? People put food and rent on credit cards all the time, do they not need those things? You need a place to live (as you say) so by your logic we should forgive mortgages right? It's crystal clear right now that "an interdisciplinary degree in religious and women's studies" has little to no economic value. That's always been the case and if you took out a huge loan to get that degree, you made an obviously poor financial decision that you alone should be on the hook for.
djrogers 7y ago
> You are being disingenuous when comparing spending too much money on your credit card to spending "too much" on education. Nothing disinenguous about it when 'student loans' can be used for 10s of thousands of dollars worth of 'cost of living' type expenses. I refuse to take any student debt proposals seriously until someone puts forth one that excludes non-tuition expenses.