Mike CernovichVerified account

Debt reform does need to happen but what really needs to happen is for higher ed bubble to pop. Government cannot be giving out loans like it’s nothing while universities keep raising rates.

You should make a film on college. Just call it “scam”. Most courses teach you nothing you can’t learn online/in practice. Even course like medicine arguably don’t optimize for best doctors. Colleges is a breeding ground of ideology & anti-critical thought. Crippling debt.

Hard disageee on this. Let’s say you go to a state school and you pick “electrical engineeeing” as your major. You get a degree, hook up with a company that comes on campus recruiting. Make a very high salary due to your field and skill. How the fuck is that a scam?

I would make it interest free, don't forgive it but make it a hell of a lot easier to pay off. For giggles make the payments tax deductible too

You could make this same argument about any type of debt. It's not a good argument.

Except so many young people have massive student debt that eats up decades worth of income. That’s a mass amount of wealth not going into the local economy.

That's my point. Young adults also have lots of credit card, automobile, and mortgage debt that will eat up significant income to pay off. The "economic stimulus" argument applies to all those types of debt and isn't unique to student loans.

The system is obviously incredibly broken, but student loan forgiveness isn't the answer to our problems. We need to attack the federal student loan program, which created this problem. It needs to be ended. The government should not be involved in this.