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DeSwiss

(27,137 posts)
17. The lenders won't lose either way.....
Fri Feb 21, 2014, 10:40 PM
Feb 2014

...since the money is guaranteed by the US government. The longer amount of time that these debts are re-financed, the more money the banks will make.

But more to the point: Just where will the jobs to make these lower re-financed payments, going to come from? The global economy is shrinking and will continue to do so. Technology advances being made daily are making employees almost superfluous window-dressing.

We can't afford to keep making the same mistakes. And if we keep electing the same people with dead-end solutions from yesteryear, then they will never be solved. Because these politicians are put in-place to maintain the status quo for TPTB.

- A paradigm shift is the only answer. But it appears that it will have to be forced upon us since we're too afraid to deliberately make the choices ourselves......

Recommendations

0 members have recommended this reply (displayed in chronological order):

K&R Warren knows where it's at. Whisp Feb 2014 #1
problem began when political prostitutes privatized the loan industry instead of it being msongs Feb 2014 #2
Would you please cross post this in the Elizabeth Warren group? Autumn Feb 2014 #3
K and R (nt) bigwillq Feb 2014 #4
It's a start. But what's really needed are lower tuitions. reformist2 Feb 2014 #5
And very low interest student loans. nm rhett o rick Feb 2014 #6
Young people need to get angry - they're being screwed in a hundred different ways... polichick Feb 2014 #7
Is there anything that Warren stands for Curmudgeoness Feb 2014 #8
Re-finance!?!?! DeSwiss Feb 2014 #9
+100000. There would be such a huge benefit of a bailout. riderinthestorm Feb 2014 #11
Unfortunately, a bailout for students will go straight to the lenders, Nay Feb 2014 #13
The lenders won't lose either way..... DeSwiss Feb 2014 #17
The Paradigm shift would need to be complete campaign finance reform, including publicly Dustlawyer Feb 2014 #21
We need to de-privatized stident loans. SomeGuyInEagan Feb 2014 #19
There you go...that is the answer. zeemike Feb 2014 #14
Nope, not unless we make education free for everyone. nt Demo_Chris Feb 2014 #23
Good For HER...Don't let anyone tell you she's Old and Out of Touch! KoKo Feb 2014 #10
K&R. It's the least we can do. Overseas Feb 2014 #12
Yes Maam Elizabeth....Hey, America Can Throw A few Bucks toward the federal bkanderson76 Feb 2014 #15
Trickle Drown, Bay-bee! blkmusclmachine Feb 2014 #16
Good grades and computers in kindergarten cannot compete pragmatic_dem Feb 2014 #18
Sen. Warren Joins Colleagues to Address College Affordability ProSense Feb 2014 #20
Thanks, I had not seen this. Why not an amnesty like they gave the offshore tax evaders? freshwest Feb 2014 #22
^ Wilms Feb 2014 #24
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