tag:blogger.com,1999:blog-3660083024919144793.post6730010981692221291..comments2024-03-28T10:56:31.720-06:00Comments on Outside the Law School Scam: Opposition's Sixth Epistle: Follow the Money, DeadbeatsUnknownnoreply@blogger.comBlogger17125tag:blogger.com,1999:blog-3660083024919144793.post-20986475004018243272013-05-11T20:19:21.259-06:002013-05-11T20:19:21.259-06:00JFC, obsess over this forum much? I make enough to...JFC, obsess over this forum much? I make enough to pay off my loans in full. But unlike you, I have a conscience and don't make my living off of a government funded scam that leads people into debt peonage. <br /><br />I am not in favor of forgiving student loans. But that's a cute straw man to throw at me. Unfortunately it also leads you to admit that student loans are in many cases government spending (e.g. default, IBR), which was my point. <br /><br />Still, you are clearly unable to grasp that HOW money is spent has an affect on the economy because (and I'll need to repeat this for you) a healthy, growing economy requires both spending and production. The less people spend on producing things, the less the economy grows. We could have 99 percent of Americans collecting welfare and doing nothing. They'd all be spending their money, sure, but that doesn't mean that the economy would be growing as fast as it would if some of those people were spending their money investing, starting businesses, creating things for others to buy, etc. This is simple economics. Wealth increases with a combination of spending and production. It's not a static thing that just shifts around. Your law school industrial scam is fucking with economic growth. <br /><br />I look forward to your response in the next ten minutes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-54015201963412431842013-05-11T18:38:46.025-06:002013-05-11T18:38:46.025-06:00@112,
Actually, it's a little-known secret t...@112, <br /><br />Actually, it's a little-known secret that I myself am a magical supercharged economic recovery and miracle machine. When *I* spend $100, it helps the economy precisely 507.203 times more than it does when you spend the same amount. It is (regrettably) therefore only logical that I receive (and spend) all of the money that you "earn" each month. <br /><br />Now pay up, dude. It's time for you to stop being such a selfish turd and to actually SUPPORT the American economy for once in your life. Pay up!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-35807826426057252922013-05-11T14:19:23.801-06:002013-05-11T14:19:23.801-06:00^ Well ONE of us is, anyway. Um, clearly. I'm ...^ Well ONE of us is, anyway. Um, clearly. I'm sorry for confusing you. Would it help if I bought you some crayons to play with? <br /><br />A student loan is only government "spending" if the borrower never pays it back. Which - strangely enough - seems to be precisely what you are in favor of.<br /><br />For a fierce advocate of private-sector spending, ahem, you seem awfully eager to add $1 trillion to America's already-enormous national debt. How much do you owe them, anyway? It's all about YOUR 30 pieces of silver, I'm guessing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-61093651661330076902013-05-11T14:12:50.478-06:002013-05-11T14:12:50.478-06:00Oh STFU up, philosopher. I can't speak for oth...Oh STFU up, philosopher. I can't speak for others here but I am by no means "drowning" in my law school debt. And unlike you I actually work for a living. <br /><br />Fine, student loans are in no way government spending. Because you say so. A healthy, growing economy requires a combination of people spending and people producing. If you think that Sallie Mae turning a bunch of people into debt slaves and spending some of the money that they make from them, has the same effect on the economy as more people having more money to spend on a more diverse range of products, and also more money to produce things, then you are certainly an idiot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-20969844442987972762013-05-11T14:02:08.020-06:002013-05-11T14:02:08.020-06:00"Student loans are not government "spend..."Student loans are not government "spending.""<br /><br />Say what?!?!<br /><br />You're out of your element, Donnie.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-42505393885586438302013-05-11T13:21:21.805-06:002013-05-11T13:21:21.805-06:00@923,
If I'm the idiot, then why are you ret...@923, <br /><br />If I'm the idiot, then why are you retards the ones who are drowning in debt? <br /><br />Student loans are not government "spending." We're discussing whether it's better for the economy for a law school debtor to spend $100.00, or if it's better for a bank or Sallie Mae to spend that same amount. Try to keep up.<br /><br />@938, <br /><br />I would love to hear more about this "empirical evidence" and "economic theory" of yours. Did they fall like pearls from the lips of a law professor, by any chance?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-21398594765023578912013-05-11T10:38:48.329-06:002013-05-11T10:38:48.329-06:00"If the topic is the actual amount of stimulu..."If the topic is the actual amount of stimulus to the overall economy, those two choices are positively 100 percent equal."<br /><br />Uh, economic theory and empirical evidence re: tax spending would disagree with you on that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-48586598427413371772013-05-11T10:23:52.953-06:002013-05-11T10:23:52.953-06:006:27 you are an idiot. Student loans are backed by...6:27 you are an idiot. Student loans are backed by the federal government, which essentially makes student loans a form of government spending. And even though it's not a 100% socialized system, any government spending is less beneficial to "the economy" than free market spending.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-34705387587404552172013-05-10T20:19:34.354-06:002013-05-10T20:19:34.354-06:00^ No wonder this "philosopher" couldn...^ No wonder this "philosopher" couldn't hack it in a real job.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-75996113786982190892013-05-10T19:27:39.731-06:002013-05-10T19:27:39.731-06:00^ If the topic is the actual amount of stimulus to...^ If the topic is the actual amount of stimulus to the overall economy, those two choices are positively 100 percent equal. <br /><br />If on the other hand it's your goal to extract money from the wealthy, then you should be honest enough to say so. But don't claim that your favorite (and, I suspect, self- serving) outcome is somehow better for "the economy." <br /><br />Because it isn't.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-24541890154512896802013-05-10T19:14:26.956-06:002013-05-10T19:14:26.956-06:00You think there's an equality in giving margin...You think there's an equality in giving marginal income to wealthy moneyed corporations and freeing up money for the middle class to spend on necessary goods and services?<br /><br />No wonder this country is screwed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-35327022781480093292013-05-10T19:06:33.692-06:002013-05-10T19:06:33.692-06:00a jd is a versatile degree
http://www.bodybuildin...a jd is a versatile degree<br /><br />http://www.bodybuilding.com/fun/fitness-360-david-otunga-the-case-for-fitness.html<br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-65511930982295772512013-05-10T19:00:31.862-06:002013-05-10T19:00:31.862-06:00You are right that the next Thomas Cooley will be ...You are right that the next Thomas Cooley will be making his riches from the couch as online courses at most junior and four-year schools cost the same as live classroom education. More profit, less product. Of course it makes sense!Adam Bhttps://www.blogger.com/profile/12458070600725040309noreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-40490607276214057822013-05-10T18:51:55.828-06:002013-05-10T18:51:55.828-06:00^ What do you think the "loan servicers"...^ What do you think the "loan servicers" spend their "bonuses" on, exactly? Perhaps they are the ones burying all that money underground?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-45954049595899442882013-05-10T18:45:14.737-06:002013-05-10T18:45:14.737-06:00"Yale or fail.""Yale or fail."Henry Wadsworth Grantham IVnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-12374800179433344432013-05-10T18:44:21.030-06:002013-05-10T18:44:21.030-06:002. Sure, it's publicly traded. Lots of compan...2. Sure, it's publicly traded. Lots of companies are publicly traded. That doesn't mean an institution owning it is ethical. Do you think the American Cancer Society owns stock in RJR or Altria?<br /><br />I think there's an ethical problem with buying such a stock given the "public service" role higher education is supposed to have.<br /><br />3. Huh? The drag on the economy is because consumers can't make long-term big-ticket purchases. Home sales and auto sales are far more important to the economy than paying loan servicer bonuses in the grand scheme of things.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-73014893487163855032013-05-10T18:30:43.584-06:002013-05-10T18:30:43.584-06:00Let's see about these news stories:
1. Bennet...Let's see about these news stories:<br /><br />1. Bennett is correct. I can't really argue with his conclusion - except maybe by suggesting that the number should probably be lower than 150 colleges. <br /><br />2. Is this supposed to be evidence of some kind of sinister conspiracy? Last time I checked, Sallie Mae is publicly traded. Anyone can buy a share.<br /><br />3. Not really. It isn't a "drag on the economy" because the lenders put the monthly payments to use the moment they receive them. I promise you they are not burning the money that they receive - or burying it in the ground like pirates' gold. I think advocates of "reform" should be honest enough to admit that much, at least - not that they will. See the replies below if you want to see what I'm talking about.Anonymousnoreply@blogger.com