The problem for Biden in an effort to unite a divided country is that even once Trump leaves, right-wing misinformation remains.https://t.co/w6sKiDZHrX
"Me too" with Krugman here. I swear Dobbs was once sane and even had a very courtly demeanor, believe it or not. The only thing atypical that I remember of the old Lou Dobbs was that he was very much an economic protectionist during a free trade era but he never acted "attack dog" on that point.
Not the most important issue, but one of the things that really disturbs me about America under Trump is the number of seemingly reasonable people who went completely feral 1/ https://t.co/7vn7S8eTLr
I used to go on Lou Dobbs's show in the early 2000s; he was conservative but not rabid, indeed seemed likable in a sort of old-fashioned, courtly way. Obviously something snapped. But why? To all outward appearances, life treated him well. Why the crazy? 2/
I mean, the white evangelicals I sort of understand. If you believe that God demands white patriarchy, stuff follows — and they were always this way. But what's with privileged members of the elite going full MAGA? 3/ https://t.co/O4BOqP2Yul
My parents saved a lot for college. Our neighbors not so much, taking the numerous vacations we never got. Still sticks in my mother's craw after all these years. I worked for a year for next-to-nothing because it deferred my student loans. A good experience overall, but how do I feel about a general amnesty? Lower costs to reasonable - stuff given away isn't valued, and usually promotes poor decisions. Guess I'm right-wing now.
Problems:
- Further exacerbates class divide
- Stokes legitimate fears of @TheDemocrats building a welfare society that disproportionately benefits their voters
- Shifts accountability & away from institutions
- Punishes anyone who forwent school or aggressively paid off debt
PP, here is a libertarian/Reason op-ed on the college loan thing, in case you are interested:
"The most libertarian policy preference in my view is two-pronged: get the federal government out of the lending and guaranteeing game, and make student loan debt reasonably dischargeable in bankruptcy." - @MikeRiggshttps://t.co/ewWwRTP59w
In the UK if you don't earn over £X 10 years after graduating, your loan goes away. I'm not sure loans are the only or major factor in driving up cists, buy UK schools tend to have tuition pegged to £10k/year. (the housing situation is somewhat a mess accordingly, both as money maker for schools and rapacious real estate companies, and difficulty finding flats in UK.) I'm not a libertarian, so I'm not against gov involvement, but can be persuaded by money arguments, such as small borrowers leading unpaid debt. But yes, the "no bankruptcy for you!" change on student loans was ugly.
BTW, my outstanding loans were only $6-8k when I chose a cheap job, but being Eurotrash, hard to find a job,, at least not legally
one thing is clear to me: availability of high dollar loans was basically a direct government subsidy of private universities which naturally drive up all kinds of things costing money in non-profit situation. Why not do this or that or everything! High salaries, fancy amenities, infrastructure. It's like putting Brad Parscale in charge. There's no profit making involved so you milk as much money for as many things as you can.
Comments
"Me too" with Krugman here. I swear Dobbs was once sane and even had a very courtly demeanor, believe it or not. The only thing atypical that I remember of the old Lou Dobbs was that he was very much an economic protectionist during a free trade era but he never acted "attack dog" on that point.
by artappraiser on Tue, 11/17/2020 - 1:41am
Not all is GOP disinfo.
My parents saved a lot for college. Our neighbors not so much, taking the numerous vacations we never got. Still sticks in my mother's craw after all these years. I worked for a year for next-to-nothing because it deferred my student loans. A good experience overall, but how do I feel about a general amnesty? Lower costs to reasonable - stuff given away isn't valued, and usually promotes poor decisions. Guess I'm right-wing now.
by PeraclesPlease on Tue, 11/17/2020 - 2:56am
Yeah the topic is real hot,I've seen lots of arguments going on, people very passionate one way or another, not many calm on it.
by artappraiser on Tue, 11/17/2020 - 4:33am
PP, here is a libertarian/Reason op-ed on the college loan thing, in case you are interested:
by artappraiser on Tue, 11/17/2020 - 10:29pm
In the UK if you don't earn over £X 10 years after graduating, your loan goes away. I'm not sure loans are the only or major factor in driving up cists, buy UK schools tend to have tuition pegged to £10k/year. (the housing situation is somewhat a mess accordingly, both as money maker for schools and rapacious real estate companies, and difficulty finding flats in UK.) I'm not a libertarian, so I'm not against gov involvement, but can be persuaded by money arguments, such as small borrowers leading unpaid debt. But yes, the "no bankruptcy for you!" change on student loans was ugly.
BTW, my outstanding loans were only $6-8k when I chose a cheap job, but being Eurotrash, hard to find a job,, at least not legally
by PeraclesPlease on Wed, 11/18/2020 - 12:09am
one thing is clear to me: availability of high dollar loans was basically a direct government subsidy of private universities which naturally drive up all kinds of things costing money in non-profit situation. Why not do this or that or everything! High salaries, fancy amenities, infrastructure. It's like putting Brad Parscale in charge. There's no profit making involved so you milk as much money for as many things as you can.
by artappraiser on Wed, 11/18/2020 - 3:17am