(02-07-2021, 03:29 PM)homebiscuit Wrote:

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

Yes, no kidding. 
They didn't go all in w/Madoff and the majority of their losses were from the same kind of mismanagement that has dozens of similar funds in jeopardy, but yeah, it happened. I started getting letters from them about the fund's problems in 2009 and they get a little worse every year. 

Agreed on the rest of your post.

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