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Overeducated Writer Explains Why He Defaulted On His Student Loans, Asks "Am I a Deadbeat?"
Zero Hedge ^ | 06/07/2015 | Tyler Durden

Posted on 06/07/2015 2:33:27 PM PDT by SeekAndFind

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To: old and tired
They are the result of his bad choices.

Unlike the millions of inocent citizens saddled with trillions of dollars of debt from bad government policy
41 posted on 06/07/2015 4:54:59 PM PDT by Kid Shelleen (Beat your plowshares into swords. Let the weak say I am strong)
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To: ClearCase_guy

Why doesn’t right or wrong enter into this as much as some may think?


42 posted on 06/07/2015 5:05:21 PM PDT by 9YearLurker
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To: Kid Shelleen

Take a job he doesn’t want to pay his bills?

Like 90% of the taxpayers, bank stockholders, etc., that he’s forcing to pay his bills for him have done.


43 posted on 06/07/2015 5:07:04 PM PDT by 9YearLurker
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To: 9YearLurker
I merely mean that I don't see this as completely black or white -- you either think Josh is a bad person OR you enthusiastically support child rape. I think a slightly more nuanced view of the situation should be possible.

I will say that Josh was wrong.
I will say that people who want to protect children are right.

So: Right and Wrong DO enter into this.

But can we can ANYTHING at all with a bit of nuance? Or are we mandated to simply say that Josh is a bad, vile, hateful person?

Because that seems a tad simplistic to me.

44 posted on 06/07/2015 5:11:44 PM PDT by ClearCase_guy (Claire Wolfe should check her watch. It's time.)
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To: 9YearLurker

My apologies! posted to the wrong thread! I think that’s the first time I’ve done that!


45 posted on 06/07/2015 5:12:42 PM PDT by ClearCase_guy (Claire Wolfe should check her watch. It's time.)
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To: SeekAndFind

***Master of Philosophy: Columbia University***

“Oh, A Bull s#1t artist!”-from Mel Brooks’ HISTORY OF THE WORLD PART 1.


46 posted on 06/07/2015 5:13:33 PM PDT by Ruy Dias de Bivar
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To: 9YearLurker
I think it is important to honor your debt. It is wrong to skip on out it.

I also think that the entire financial system is a based on fraud and greed and is not workable at all. It's gamed by people like Soros. It will come crashing down. And when it comes crashing down -- when it takes a wheelbarrow full of money to buy groceries, a lot of people will not be honoring their debt. It's coming.

Some people will be the first to throw up their hands and say "The game is rigged! I won't play!". They will be both dishonorable and smarter than the rest of us.

47 posted on 06/07/2015 5:19:23 PM PDT by ClearCase_guy (Claire Wolfe should check her watch. It's time.)
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To: SeekAndFind
Hey, when a Wall Street corporation doesn't pay its bills, it's called a "strategic default." Nobody gave a hoot when Morgan Stanley defaulted on five office buildings in 2009.

A deadbeat's a deadbeat. Mr. Siegel is as low on the bottom of the ocean as whale turds and Wall Street firms.

Look for Obama to issue an executive order forgiving student loan debt before he departs the White House.

This BS won't stop until colleges have to cosign these loans.

48 posted on 06/07/2015 5:19:54 PM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Mississippi! My vote is going to Cruz.)
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To: SeekAndFind

He knows he is a deadbeat but has yet to come to terms with the fact that he is a self centered dick.


49 posted on 06/07/2015 5:25:46 PM PDT by jwalsh07
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To: SeekAndFind

I did not think that it was possible to discharge student loan debts in bankruptcy. If he did not declare bankruptcy and just stopped paying on the debt, that just means he will have no medicare or social security when he reaches retirement age (if he expected any to begin with).


50 posted on 06/07/2015 5:26:50 PM PDT by jim_trent
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To: Ruy Dias de Bivar

RE: “Oh, A Bull s#1t artist!”-from Mel Brooks’ HISTORY OF THE WORLD PART 1.

Job Description ( as per the character Comicus, played by Mel Brooks) :

“I coalesce the vapors of human experience into a viable and meaningful comprehension. ..”


51 posted on 06/07/2015 5:33:31 PM PDT by SeekAndFind
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To: Hot Tabasco

Amen! I wish I could transfer my GI Bill bennies to my soon to be college-bound kid. I guess bound is the operative term here.


52 posted on 06/07/2015 5:39:56 PM PDT by 22202NOVA (Tagline? I don't need no stinking tagline!)
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To: ClearCase_guy

That’s okay—but you haven’t really explained the “nuance” you see that makes this other than an issue of right or wrong.


53 posted on 06/07/2015 6:00:34 PM PDT by 9YearLurker
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To: SeekAndFind

Yes, he’s a deadbeat...but...is he really any more of a deadbeat than GM or Chrysler, who, through years of mismanagement ended up being social welfare companies that, oh by the way, also made cars and trucks. The bond and shareholders were shafted while the management and unions made out. And what about the colleges and universities that kept raising their tuitions forcing their students to mortgage their futures, and the Federal government that subsidized loans, thus subverting their true cost, and the finance companies that gladly wrote the loans even though they should’ve known they’d probably not be repaid (hence the change making the loans exempt from bankrupcy)


54 posted on 06/07/2015 6:21:53 PM PDT by captain_dave
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To: SeekAndFind
which was the only way I could survive without wasting my life in a job that had nothing to do with my particular usefulness to society.

To quote Judge Smails from Caddyshack: Well, the world needs ditch diggers too.

https://www.youtube.com/watch?v=eiRGRvE_Wqg

Instead of guaranteeing loans, the government would have to guarantee a college education. There are a lot of people who could learn to live with that, too.

And that would be as successful as the guaranteed high school education now. Just imagine fights over common core for a bachelor's degree.

The author almost makes the connection from the high cost of education to the free flow of government guaranteed money, either through grants or loans. But then he swerves off and suggests that all of higher education be nationalized. He saw the light at the end of the tunnel, but slammed into the tunnel wall to avoid it.

55 posted on 06/07/2015 6:35:03 PM PDT by KarlInOhio (The 1st amendment is the voice and the 2nd is the teeth of freedom. Obama wants to knock out both.)
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To: SeekAndFind

So Lee Siegel shows up at the local Albertsons, at the crack of 10:30 am, for his first day of work.
Lee greets the Manager and shakes his hand!
The Manager gives Lee a brand new broom.
Lee stutters, buttt butt I have a Master of Philosophy from Columbia University!!!

The Store Manager is gobsmacked, then apologizes for the misunderstanding. Lee, look here, I will show you how to use a Broom


56 posted on 06/07/2015 7:05:36 PM PDT by Steven Tyler
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To: SeekAndFind

Deadbeat | 1. a person who deliberately avoids paying debts. 2. a loafer; sponger. adjective

If the shoe fits .....


57 posted on 06/07/2015 7:37:51 PM PDT by tumblindice (America's founding fathers: all armed conservatives.)
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To: SeekAndFind

Nobody forced him to go to that school.

Nobody forced him to take out loans.

Nobody forced him to to rack up massiver personal debt.

Once he got worried about debt nobody forced him to continue going to the school instead of going to a less expensive school.

Nobody forced him to take a crappy major that wasn’t worth half of what he paid for it.

Nobody forced him into a field of study that is not a high paying field, but it sure can be an easy major to do a lot of partying while at school.

PERSONAL CHOICES AND PERSONAL CONSEQUENCES.


58 posted on 06/07/2015 8:00:46 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: SeekAndFind

All the academic losers, who took easy stupid majors, are now frmaing themselves as victims of the system. They want everyone else to bail them out because it’s unfair their education cost so much and now they can’t make big bucks like people who studied hard and graduated with degrees that will get them good work earning decent to very good money.

I saw all these types at school. They were the ones drunk walking down the street to the next party, while I was coming home from the library from studying. ANd I was going home to keep studying.


59 posted on 06/07/2015 8:03:41 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: SeekAndFind
This thief walked away from his debt and the rest of us had to pay it. Despicable.

If there were justice in this world, he'd lose his house, car and job, and his paycheck would be encumbered to pay back the loan in full– with interest accruing the entire time.

While we're on it, in keeping with the tactics of the Left, I propose that we prosecute Climate Change Promoters with feloniously trying to cause a panic– same as yelling fire in a movie house. Jail the lying sob's.

60 posted on 06/07/2015 10:31:41 PM PDT by IncPen (Not one single patriot in Washington, DC.)
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