O'Leary on the Bullshit of Biden's school debt bailout

The_Krakenite said:
When even I am on the side of O'Leary, that is pretty telling...
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He's just sputtering, not even communicating effectively. Not that I blame him; it's an idea so monumentally stupid that you just feel like screaming "WHAT IS WRONG WITH YOU MORONS? HAVE YOUR BRAINS BEEN AMPUTATED???" I usually avoid politics, but... Jesus fucking Christ on a pogo stick, this is the crudest sort of voter bribery I've seen in ages.
 
Next thing ya know they will be bailing out the TBTF banks. Oh wait. Been there, done that. Twice!

Seems what's good for Jamie Dimon is good for Joe Sixpack. Make that Joe MicroBrew hehe.
 
SunTrader said:
Next thing ya know they will be bailing out the TBTF banks. Oh wait. Been there, done that. Twice!

Seems what's good for Jamie Dimon is good for Joe Sixpack. Make that Joe MicroBrew hehe.
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If we don't bail out college students we will have a work force crisis. Once? Twice? Three, four times? For life?
 
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gkishot said:
If we don't bail out college students we will have a work force crisis. For life.
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We already have one. And they're not "bailing" anyone out - they're stealing money from those who are working and earning to pay for those who are too incompetent to do so (and thus pay off the loans) on their own. They're also rewarding the schools for overcharging for education, and incentivizing them to overcharge even more. They're also incentivizing more idiots who should never go for higher education to take out loans, since there's no (or less) risk in doing so.
 
BlueWaterSailor said:
We already have one. And they're not "bailing" anyone out - they're stealing money from those who are working and earning to pay for those who are too incompetent to do so (and thus pay off the loans) on their own. They're also rewarding the schools for overcharging for education, and incentivizing them to overcharge even more. They're also incentivizing more idiots who should never go for higher education to take out loans, since there's no (or less) risk in doing so.
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I was sarcastic. One can't compare one bailout to another. We were facing crisis back then. What crisis will we be facing if the nation does not pay off student loans? Besides one bail out creates a precedent and eventually will lead to a subsidized by taxpayers education.
 
gkishot said:
I was sarcastic. One can't compare one bailout to another. We were facing crisis back then. What crisis will we be facing if the nation does not pay off student loans?
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Um... some "educatered" fluffy bunnies might get mad and post about it on social media?

[sarcasm]Oh, NOES! How will we survive???[/sarcasm]

Besides one bail out creates a precedent and eventually will lead to a subsidized by taxpayers education.
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Assuming it doesn't directly and obviously result in a Watergate moment, that is...
 
gkishot said:
I was sarcastic. One can't compare one bailout to another. We were facing crisis back then. What crisis will we be facing if the nation does not pay off student loans? Besides one bail out creates a precedent and eventually will lead to a subsidized by taxpayers education.
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The previous crisis, there's always another and another, was the TBTF bails facked themselves up but they still got bailed out (well all but Lehman). Talk about a precedent which many are applying to Student Loans, the TBTF banks only got bigger and no doubt will be bailed out again at some future point. They are on the clock.
 
SunTrader said:
The previous crisis, there's always another and another, was the TBTF bails facked themselves up but they still got bailed out (well all but Lehman). Talk about a precedent which many are applying to Student Loans, the TBTF banks only got bigger and no doubt will be bailed out again at some future point. They are on the clock.
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What is your point? Student loans are bad? Should student always pay for education upfront?
 
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