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> intentionally wracking up debt and then declaring bankruptcy to get out of it. American Airlines, GM, Kodak, Texaco, Sbarro, Six Flags, all went bankrupt. B

> intentionally wracking up debt and then declaring bankruptcy to get out of it. American Airlines, GM, Kodak, Texaco, Sbarro, Six Flags, all went bankrupt. Business do this all the time. Donald Trump did this 7 times. Apple almost went bankrupt until MSFT saved it. The federal government literally is in more debt than at anytime in history. Debt funds literally everything in the world. Saying that it's ok for these businesses to go bankrupt, and some even get govt bailout, but not a student, is an hypocritical nutty take.

sgtnoodle 4y ago
It seems like you are putting words in my mouth. I think government bailouts are a bad idea. If a private entity invests money into a business and the business fails, that sucks for them but I don't really care. Bankruptcy seems like a necessary legal tool to reconcile otherwise unsolvable accounting. I think the idea of using bankruptcy frivolously is disgusting. It would be great in my opinion for society to hold corrupt business leaders and politicians personally accountable for intentionally making irresponsible choices that externalize the consequences.
- edmcnulty101 4y ago
  It's arguable that a student who works full time but still can't pay the loan back is not frivolous and deserves to bankrupt out of the loan by the same yardstick you're applying to other situations. Youre bringing the argument down to a tribalistic subjective standard rather than a rational level headed law to be applied across the board. Frivolty is subjective and based on who you determine is frivolous. This is expected based on your original sensational example. You're arguing off of emotion. The only to win this argument for you is to leave rationality on the wayside.
  - sgtnoodle 4y ago
    You're once again putting words in my mouth. It seems like you are looking for an argument, and making assumptions about my opinions. I don't think you are arguing in good faith and you are turning quite rude.

sgtnoodle 4y ago

It seems like you are putting words in my mouth. I think government bailouts are a bad idea. If a private entity invests money into a business and the business fails, that sucks for them but I don't really care. Bankruptcy seems like a necessary legal tool to reconcile otherwise unsolvable accounting. I think the idea of using bankruptcy frivolously is disgusting. It would be great in my opinion for society to hold corrupt business leaders and politicians personally accountable for intentionally making irresponsible choices that externalize the consequences.

edmcnulty101 4y ago
It's arguable that a student who works full time but still can't pay the loan back is not frivolous and deserves to bankrupt out of the loan by the same yardstick you're applying to other situations. Youre bringing the argument down to a tribalistic subjective standard rather than a rational level headed law to be applied across the board. Frivolty is subjective and based on who you determine is frivolous. This is expected based on your original sensational example. You're arguing off of emotion. The only to win this argument for you is to leave rationality on the wayside.
- sgtnoodle 4y ago
  You're once again putting words in my mouth. It seems like you are looking for an argument, and making assumptions about my opinions. I don't think you are arguing in good faith and you are turning quite rude.