(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.

If you were in the position of facing that kind of punitive action with any other loan you could declare bankruptcy and legally have yourself out of that jam in seven years. Student loans are not dischargeable that way, another link in the unbreakable chain of debt slavery for a good many of these people. The simple fact that mandates some action on this is that money that cannot be paid back simply will not be paid back. Either deal with it now and reform the whole system or deal with it later when the whole economy crashes because of the deficit, but one way or the other we will have to deal with that fact.

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(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.

Unfortunately playing the interest game doesn't really do anything to curb the increasing costs associated with an education.

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