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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: denizen48 who wrote (130603)	2/1/2013 5:15:25 PM
From: Joe NYC	1 Recommendation Read Replies (2) \| Respond to of 149317

You, Koan, we probably all agree that the main goal of an education is teaching our children how to learn. This is exactly where thing started to go off the cliff. Teaching students not to learn, but to learning some hypothetical "how to learn". The real learning is to know arithmetics, that can lead you to algebra, that can lead you to higher level math, that can lead you physics and other sciences. But you have to actually learn it, to have a chance to progress further... What pisses me off is that so many get taken advantage of by for-profit-diploma-factories, sucked deep into debt, and then condemned with that debt the rest of their lives. It is a huge scandal. When you consider what banks pay on CD's and then charge on student loans, it is pure USURY. You seem to be missing the forrest for a single tree. Public education is a problem that is 100x the size. This is what happens when you have your ideological blinders on...

To: denizen48 who wrote (130603)	2/1/2013 10:38:27 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Exactly. What tejek and others won't tell you is that these student loans CANNOT be discharged in bankruptcy, except in rare cases and only if you have a lawyer good enough to beat the lawyers of the bank who can contest it. People rarely win a discharge. Why? Because the banks don't want to lose money, so they have colluded with the government to screw our children. If the free market was at work, then banks would be free to make stupid loans to art history majors who can't pay them back and art history majors would be free to default and discharge them in bankruptcy, creating big losses for banks, who then would decide that art history majors are a bad risk. They then would focus on good loans to students getting majors in areas of the economy where the economy needs the students the most. That means more American students would fill the best jobs in our economy and grow our economy, benefiting more people in a virtuous cycle. But gov't intervention instead creates malinvestment, which drives up costs for everyone.