Posted on 03/05/2011 6:41:53 AM PST by Son House
“We need a reset, a default.”
I almost agree. There is something about a default then a period of redemption that I find compelling. However given the elderly that would be left to die, I can’t agree.
I think the colleges should have to pay back those loans when someone like your daughter obviously cannot.
A-men! Preach it bro!
Nobody ever lost money betting on America.
Good explanation
Yep, But seems like some folks can barley get moving at 50, then you see the granny at 70 outworking all the young folks around her.
Praying for the best for you and your family. You’ve reminded me of my debt tolerance, after 2 yrs of school loans I reached that limit, went to work full time and now take 1 class a semester, slow going, but the debt is tolerable.
Thank you once again for your kind words. I so agree that the damage done to America MUST be corrected. I doubt that those students who qualified for the DREAM act paid their loans back. More than likely they just returned to their country of origin after completing their education in America.
My daughter can be comforted by the fact that even after she passes to the arms of our God, the debt continues and her estate is liable. She won’t have an estate but those children who will, at the end their time on earth, will have their estate snatched away from their children by this infamous government. There is no statue of limitations on a student loan. Ridiculous, isn’t it? Do any of those fools we elected have foresight?
Thank you for your sweet comment. Get rid of that damnable loan at your earliest convenience...there is no statue of limitation collecting it and, even after your death, if it is still owed...your estate will have to pay it. It was too late for my daughter when I found out about the loan and the resulting implications, unforeseen, that have occured. This goes onto my “I am madder than hell” list...which has now become a growing novel.
I see this whole debacule from both angles.
My mom relies on Calpers. My hubby is not near retirement. My daughter is finishing high school. We are in-between, yet I can see the damage done, and the damage that is coming. The fraud in the mortgage industry along with the collusion of the banks on their CDS swaps is ten times BIGGER than the GDP. WE CAN NOT PAY THE BANKS LOSSES BACK. Default is the only way. I am not happy to write that. But even with jobs, there will be no way to pay it back!!!!
Default will clear the system. It will hurt most Americans, and yes the elderly. But do we really want to leave a mountain of debt for the next generation?
I don’t.
Debt enslaves, and I will not want to see the next generation in chains, because we refused to see reality for what it is.
I think they should be allowed in a bankruptcy. If one cannot pay their credit nor keep their home then how is that person expected to pay back a student loan...and for the remainder of their lives? It makes no sense...but, then, that is what we all keep yelling out...”we want people elected who have COMMON SENSE!”.
Your lack of compassion is obvious.
I’ll be happy to send you my bill for what I paid for school.
Then you can show me your compassion.
“India and Australia look awfully nice”....I looked into Australia once upon a time and found out from friends who had moved their the expense of actual living there was much higher than our costs and that the government was even more left leaning...almost socialistic...and this was many years ago. I can’t imagine how it must be now because socialists are like a Banyun tree....just keep on making their roots turn into big parts of the tree. Now, New Zealand...that one is still in my thoughts. Had a pilot friend who flew in there and said it is a beautiful country and reminded him of American back in the fifties....just passing on some thoughts to you....
It is the new Debtors Prison, isn’t it?
They knew what they were doing back in 1990’s, the laws were changed back then. They knew a credit bubble would be blown, was being blown by Greenspan. Then the bankruptcy laws were changed in the early 2000’s. It is usury; it used to be illegal. In fact, a number of states have laws currently on the books against it.
Hopefully, something can be done. I am not a lawyer. But maybe an enterprising unemployed one will find something to use against these thieves.
May the Lord have mercy on you and your daughter.
I watched a brother die at the age of 33. May the Peace of Christ fill your heart, may He touch your daughter and comfort her.
I will pray for you and your daughter.
God bless you.
Do you not know what “terminal” means?
Her daughter is dieing, jerk.
Thank you for your comfort, words, thoughts and mostly your prayers. I lost my son when he was 20 in a tragic accident. Now my only living child is facing the end of her journey and it is the most difficult burden given to a parent.
I am thankful for my eyes being opened to the debauchery in Washington D.C....it allows me to vent my anger and frustration at people who are deserving of it rather than the trials in my personal life. I am wanting to find a “blue haired” militia to hook up with. Life is difficult, at times, without the added loads put upon us by elected officials.
When I was little the titles of Senator or Congressman, and especially, President were titles held in awe and respect. Now I spit upon the titles and would walk away from meeting the person holding one. Maybe one or two I hold in respect but for the most part...a boo and a hiss from me.
Thank you again. You are a light in the darkness.
One, I thought you were referring to your daughter.
Two, no, that is the first that I’ve seen that she was terminally ill. I am sorry, I did not see that previous.
I was responding to another Freeper, and her situation.
I do accept your apology. I was pretty amazed and wondered.
Thank you for clearing that up.
I am *very* sorry.
No, I agree with you wholeheartedly about non-dischargable debt.
The commies use it as a tool to chip away at inheritance. To a commie Education is *special* and people shouldn’t be able to blow it off with other debts.
It’s also a tool that grossly inflates the cost of education, because if it isn’t dischargable, they can jack up the cost!
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