tag:blogger.com,1999:blog-3481083477379506990.post6972315605619907025..comments2023-10-30T05:28:11.795-04:00Comments on All Education Matters: $1 Trillion!Cryn Johannsenhttp://www.blogger.com/profile/08452412213997621242noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-3481083477379506990.post-27580466972499829652011-05-01T15:32:46.335-04:002011-05-01T15:32:46.335-04:00@Anonymous May 1, 2011 3:28 - those are very good ...@Anonymous May 1, 2011 3:28 - those are very good questions. I have said so many times, "I can't get a job to save my life," and so it is comforting to hear it from someone else. It's beyond frustrating, isn't it? And who the heck is concerned about the jobless? Have we been forgotten? One has to wonder. I recently wrote a post, asking people to share about paying off their debt. I've received one response so far, i.e., one that is from a person who has paid off their debt. I'll share it soon. Have you graduated yet? Have you heard of the Briefcase Brigades? Do you want to get involved? If so, feel free to write to me (ccrynjohannsen@gmail.com). In the very least, we can continue to vent.Cryn Johannsenhttps://www.blogger.com/profile/08452412213997621242noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-34060253642083653382011-05-01T15:28:45.522-04:002011-05-01T15:28:45.522-04:00I want to know what are other college graduates ar...I want to know what are other college graduates are doing to pay-off these loans. I am so much in debt with these loans and I have no idea how the hell I am going to pay them off. I know so many other people are in the same boat! So what are you doing? Not paying them off and letting it affect your credit rate? Letting it affect the ability of you even getting a job in the first place? I am just so lost in a sea of debt because of my education and I can't get a job to save my life!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-35876136697975035602011-03-03T22:20:11.526-05:002011-03-03T22:20:11.526-05:00Joe: Stick to whatever it is that you do, because ...Joe: Stick to whatever it is that you do, because you clearly have no idea about how financial markets have been operating.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-79480806645977415882011-03-02T18:30:23.881-05:002011-03-02T18:30:23.881-05:00Markowitz writes: "That means that even if ev...Markowitz writes: "That means that even if every single student loan went into default, we could easily pay off this debt."<br /><br />Am I missing something here? Who is the 'we' who could so easily pay this off? Are, say, the corporate and/or government sectors just going to voluntarily step up and 'adopt a defaulter' and pay off their debt? <br /><br />No solution exists. Only enablers, and an entire swathe of our once prosperous society is being made into an indentured, disenfranchised class. <br />So I repeat - a 'strategic' DEFAULT EN MASSE is what we all need to do to collapse this rigged, unfixable system, and rebuild from there. <br /><br />JPRJPRnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-60068363998561154732011-03-02T17:49:24.670-05:002011-03-02T17:49:24.670-05:00Joe,
http://blogs.wsj.com/economics/2010/08/09/st...Joe,<br /><br />http://blogs.wsj.com/economics/2010/08/09/student-loan-debt-surpasses-credit-cards/<br /><br />According to the conservative Wall Street Journal, student loans surpassed credit card debt back on June 2010. One might expect a trial attorney who follows Forbes to be on the ball, about this issue. At a minimum, you should have your facts straight before sounding off on this subject. <br /><br />http://www.vanityfair.com/politics/features/2008/04/stiglitz200804<br /><br />By your logic, Joseph Stiglitz shouldn't make a big deal out of the $3 trillion Iraq war. After all, that's only about $9,000 per capita. That is less than the cost of a used car.<br /><br />http://usliberals.about.com/od/socialsecurity/a/SocSecReform.htm<br /><br />Remember when Idiot George wanted to privatize Social Security, in 2005? Even Republicans were indignant, as George himself estimated that it would cost about $2 trillion - in initial costs - to privatize the system. Applying your reasoning above, the GOP should not have balked at the idea.<br /><br />What world do you live in, where $1 trillion is no big deal?!?! I suppose if student debt doesn't directly affect you, then it is not urgent.Unknownhttps://www.blogger.com/profile/10759104939195116400noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-35439548715399416942011-03-02T15:36:15.497-05:002011-03-02T15:36:15.497-05:00Mr. Markowitz, you are wrong in assuming that $1 t...Mr. Markowitz, you are wrong in assuming that $1 trillion is less than what we owe in credit card debt. For the first time, outstanding student loan debt has surpassed that of credit card debt.Cryn Johannsenhttps://www.blogger.com/profile/08452412213997621242noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-60782193435139916982011-03-02T15:29:07.732-05:002011-03-02T15:29:07.732-05:00That really doesn't sound all that alarming to...That really doesn't sound all that alarming to me. We are a country of over 300 million people. So a trillion dollars is only about $3000 bucks apiece, or probably less than we owe on our credit cards. That means that even if every single student loan went into default, we could easily pay off this debt. Proportionately it seems like less than other countries pay to finance college education for their citizens.Anonymoushttps://www.blogger.com/profile/12552117060181130126noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-90850777233946768962011-02-10T18:56:37.107-05:002011-02-10T18:56:37.107-05:00C. Cryn Johannsen said...
Rest assured, Liz, I ha...C. Cryn Johannsen said... <br />Rest assured, Liz, I have taken Ben Nelson and others to task. (I presume you saw my piece about Rep. Foxx, too?)<br /><br />Also, I give credit where credit is due. For instance, I have praised Sen. Harkin on several occasions. I am in touch with his office, just as I am in touch with Sherrod Brown's. I have developed good relationships with their staffers. Jack Reed is another one.<br /><br />Cryn, if you have access to these people, ask them to lobby for legislation that get rid of the interest at least on the student loans; and, work for paying only the principal. <br />Showing is better than telling, maybe if we could put together a design that shows how much money they are really losing by placing their citizens in such high debt, such as with student loans. Have you tried such an approach? VertaDr. Vhttps://www.blogger.com/profile/08784185862744879397noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-91931241598317082011-02-09T01:23:46.218-05:002011-02-09T01:23:46.218-05:00Ask the Egyptians if higher education is the solut...Ask the Egyptians if higher education is the solution.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-60721181896247436682011-02-08T12:24:23.090-05:002011-02-08T12:24:23.090-05:00I love Harkin. He has had some great one-liners on...I love Harkin. He has had some great one-liners on this topic.Lizhttps://www.blogger.com/profile/11765709902686717379noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-5722742592171105432011-02-07T16:29:19.006-05:002011-02-07T16:29:19.006-05:00Rest assured, Liz, I have taken Ben Nelson and oth...Rest assured, Liz, I have taken Ben Nelson and others to task. (I presume you saw my piece about Rep. Foxx, too?)<br /><br />Also, I give credit where credit is due. For instance, I have praised Sen. Harkin on several occasions. I am in touch with his office, just as I am in touch with Sherrod Brown's. I have developed good relationships with their staffers. Jack Reed is another one.Cryn Johannsenhttps://www.blogger.com/profile/08452412213997621242noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-22000294281136139892011-02-07T15:01:36.725-05:002011-02-07T15:01:36.725-05:00I'd like to see some attention paid to the rol...I'd like to see some attention paid to the role the senate has in this mess - seriously some senators, cough BEN NELSON, have done everything but announce that they consider it a personal charge to transfer as much money to the banks as possible. <br /><br />It's amazing, but no one seems to catch on that the biggest problems are happening in the Senate. And some legislators like Sherrod Brown and Al Franken have tried to pull out some student-friendly legislation, but they get no support from the other Dems.Lizhttps://www.blogger.com/profile/11765709902686717379noreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-41797816015881810102011-02-07T14:03:07.564-05:002011-02-07T14:03:07.564-05:00I think that part of the reason that there is no c...I think that part of the reason that there is no coverage of this issue is that young people don't vote in high enough numbers. They also don't have a lot of money to donate to campaigns the way that people who are established, shall I say, do. If we can get the vast majority of young people voting then I think this would be something taken care of quickly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-40534245828551316252011-02-07T12:11:05.347-05:002011-02-07T12:11:05.347-05:00"Then think of how reckless the administratio..."Then think of how reckless the administration is being for suggesting that people take on more debt to go to school."<br /><br />I distinctly recall a time when Alan Greenspan was making public statements suggesting that people should take out adjustable rate mortgages ("ARM") for financing homes. When I heard this I couldn't believe that the highest financial guru in the government was actually advocating that the sheeple take on this type of mortgage. The above statement pretty much suggests the same degree of recklessness. More education is not the answer. Throwing more money at something isn't always the right thing to do - Exhibit A: See Public School System in U.S. Bottom line is "someone" is getting rich off of these student loans and they are praying on the eternal optimism of the goold ol' USA - where everyone is a GD optimist. Can't happen here you say? Just wait, maybe open your damn eyes instead of watching Fox News.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-25328984617287836702011-02-07T10:24:27.201-05:002011-02-07T10:24:27.201-05:00I'm writing in Dalord Humongous for President....I'm writing in Dalord Humongous for President. At least he would mete out justice to the bankers.Why the media don't report the 1 trillion in student loans? Maybe the media and the government are in cahoots with each other. Maybe the journalists feel bad about exposing the same university industrial complex they came from.Marknoreply@blogger.comtag:blogger.com,1999:blog-3481083477379506990.post-28890568318218857362011-02-07T10:19:49.979-05:002011-02-07T10:19:49.979-05:00http://www.finaid.org/loans/studentloandebtclock.p...http://www.finaid.org/loans/studentloandebtclock.phtml<br /><br />According to this graph, student loan debt has exceeded $887,608,550,078. Yes, $887 billion. If I remember correctly, it stood at $826 billion in June 2010. <br /><br />But Obama the Empty Suit thinks that we can outwork, out-innovate and out-educate the rest of the world. True, companies *say* they want an educated workforce - but they want to pay them $9, $10 or $12 an hour.<br /><br />How in the hell are people with $60K, $75K, or $130K supposed to make ends meet on such paltry wages?! This is a nation of bubbles. We have a ton of systemic problems. Thanks largely to a piece of garbage named Ronald Reagan, we became the world's biggest debtor nation. (Yet, many continue to deify this moron.)Nandohttps://www.blogger.com/profile/06423524039657355134noreply@blogger.com