(Source: Pew Research Center)Recession over as defined by Obama/media? Remember they had to 'redefine' recession at the time? When it didn't work, the Obama admin went to work cooking up all kinds of data nobody bought into?
That recession?
Posted on 07/30/2015 10:51:33 AM PDT by BenLurkin
Grief, who edits this drivel?
(Source: Pew Research Center)Recession over as defined by Obama/media? Remember they had to 'redefine' recession at the time? When it didn't work, the Obama admin went to work cooking up all kinds of data nobody bought into?
That recession?
Because it’s hard to afford your own house when, after 4 years taking Womyn Studies, Oppressed-by-Republicans-People Sociology or Jon-Stewart; Political Genius courses, your most common phrase on the job is “Do you want fries with that?”
My liberal friends think that they should simply forgive all student loan debt.
To which I replied: “so you want to punish savers?”
I explained how a saver student that compromised spending, during his college years, examples: expensive schools, traveling, automobiles, parties and drugs. They missed out while the deadbeat gets it all.
My liberal friends are regrouping on the idea.
When Hillary begins promising them Groupons for student loan forgiveness, their enthusiasm for her election will rev up.
I am so, so sorry for you tragic loss. My own daughter is just at the age of learning to drive now, and I can’t help thinking about that scenario a lot even though I try to put it out of my mind.
Prayers for your peace here on Earth until you and your daughter are reunited in Heaven.
God bless you.
IMHO student debt forgiveness WILL happen.
It’s the Democrats’ Ace in the Hole.
If they are running behind next September they’ll trot out a proposal and Millenials will be crawling over broken glass to go and vote for it.
It will be sold to the rest of us with a macroeconomic argument. “It will free them up to buy houses, cars, start small businesses, get the economy moving” etc. etc. etc.
Which makes me the pasty as I paid mine off years ago.
My husband had given our son a “launch date”, and at that time he would have needed to be out. He beat us on the date, moved out about a semester before he had earned his Graduate degree. Our deal was, while he was in university, even through his Master’s, he could live at home for free. All his expenses he had to pay. We had never been responsible for any of his school tuition as he was on different programs and never had a tuition bill: Dual Credit for AA, no cost tuition through state merit scholarship fund for Bachelors, and was hired as a TA for grad school...the University paid tuition and small stipend.
When I hear these things, I wonder if our area is different, maybe due to cheaper housing, but our son and DIL own their own home, and many of their married friends who are their age (24-27) own their own home, or are looking to buy.
But the “group of friends” in my son and DIL’s lives have never been a reflection of the millennial stats. Most married young, bought houses early, or at least moved into apartments, have good jobs and very little debt. Many of them have or are having kids (right now they have 30 friends and acquaintances who are expecting either baby 1 or baby 2.) That’s a lot of pregnant women :)
Not much employment needs for liberal arts degrees....................
I have a theory this situation arises because of the reduction of family size along with the increase in the size of many homes. The overall increase in wealth in the baby boom generation means in many families, each child had their own room, and there was generally a bedroom or two that had no one living in them.
In the past, as one child moved out (either to college or just as an adult), the space left behind was quickly absorbed by crowding and was not available to move back into. The last child in houses like that generally left the home later than the other children because they had plenty of room, comparatively, and they were more comfortable. But they also had the example of older siblings to lead them away from home.
Now, if you have two children in a five bedroom house, the oldest will always have “his room” to come back to. The house is large enough that there isn’t pressure to take over his room. Even if he were to get married, the house would likely be big enough to accommodate a spouse and maybe even a first grandchild.
In some ways, that’s a throwback to the 19th century where two or three generations would live in a sizable house.
As the younger generations’ parents are retiring or dying they are freaking out about providing for themselves.
Because they’re weak, incapable of original thought, and taught that they must follow the lead of the big, dumb, blind jackass called “liberalism?”
Because of the inability to find jobs of any kind which leads to the highest non-participation in the workforce since the depression. Lots of available workers of all kinds and ages who cannot find jobs.
The default process will eventually take care of that student loan debt—all of it. Then, the government-funded school instructors and administrators will riot with the rest and resort to cannibalism.
Thanks for your kind thoughts. Caused me to think back to when my own daughter started driving. Interesting times to be sure, particularly, since her brother was a year older, presented absolutely no problems in any area. Given my age now I’m sure there is no way I could go through those teenage years again, particularly since it’s a totally different world out there now. Prayers be with you as you guide her through these tumultuous times. Teenagers do seem to have mastered the skill of pushing buttons and limits!
You can’t default on student loan debt. It is non dischargable debt. There is no mechanism to clear it. You can get a forbearance, but the interest keeps piling up.
A little gift from McCain a ways back.
At that rate they’re gonna be living with mommy and daddy til they’re 50.
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