(02-07-2021, 02:04 PM)NYC4jags Wrote:

(02-07-2021, 01:29 PM)wrong_box Wrote: I feel that there will always be some kind of Social Security. I think they will eventually do away with SS but replace it with something else. Something I havent seen anyone mention yet, is SS is not just retirement, it's also disability SSI and SSD. So if some of these people are excluded from SS retirement, are they excluded from SSI and SSD as well?

I'm 54 so I'm old school...these people made the decision to take out the loan and they should be forced to pay it back. Garnish their wages, take their tax return, place liens on their property (if they own any). Take it back just as they take Child Support.

That being said, colleges should be held accountable for the incredibly expensive "education" they provide along with these Bull [BLEEP] degrees that there are no damn jobs for.

I kind-of look at SS the way I look at my union pension fund which is in critical status after they invested w/ Bernie Madoff. 

I'll get something - but it probably ain't gonna be what they owe me. 

I also believe that reducing the price of education and zero interest/very low interest loans are a much better way to deal with student loan debt than outright forgiveness.

Oof. No kidding? That's rough.

The price of education shot up when the government got into the loan business. Universities figured out they could charge extravagant prices riding on government subsidized loans (exempt from bankruptcy discharge)  and the popular belief that a college education was absolutely essential for sustainment and success. All while manufacturing jobs were being sent overseas and the emphasis on vocational/technical education was taken from high schools. 

Speaking of Bernie Madoff, universities are as complicit as him for fleecing clients.

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