(no subject)

[gunslnger.livejournal.com]

Since the topic of forgiving student loans has been mentioned here a couple times recently, I figured we should get an expert opinion on the issue.

Forgive Student Loans? Worst Idea Ever.

So, can you think of a reasonable rebuttal to one of the 5 reasons not to do it?

ETA: In my opinion, forgiving student loans is a pretty bad idea, for at least the reasons given. If you want to hand out free money, give it to the people who need it first, determined by actual need; don't use an unconnected metric of "went to college" to determine where it should go.

Comments

[raichu100.livejournal.com]

1. College grads have high incomes? What? I mean, maybe if you're talking about older people who have been out for ten or twenty years, but newer grads (more likely to still have education debt)? Don't think so.

2. macroeconomics make my head hurt

3. yeah kinda agree idk

4. "This is a bunch of kids who don’t want to pay their loans back."
...no. If they're not paying their loans back, it's more often than not because they CAN'T, not because they don't WANT to.

5. As others have said, college grads and the bottom 15% are sometimes one and the same.

[gunslnger.livejournal.com]

1. Yes, we are talking about their potential incomes.
4. It's referring to the ones advocating this bailout.
5. So we should use the appropriate metric and not one that just sounds good.

[kylinrouge.livejournal.com]

So gunslnger, I'm pretty sure #1 is a fallacy here. Past trends are not indicate of future ones.

[gunslnger.livejournal.com]

It's the metric economists use. I agree that it's probably a poor one, but that's a problem with economics.

[kylinrouge.livejournal.com]

A bit too convenient to use a metric of economists you lambast when THEY use it?

Also, generally some research goes into it. What facts do you have to back up your conclusion?

[gunslnger.livejournal.com]

Which conclusion is that?

[gunslnger.livejournal.com]

http://talk-politics.livejournal.com/1216058.html?thread=96853562#t96853562

You seem to already know the facts about college grads earning more money though.

[kylinrouge.livejournal.com]

Yeah, from like, charts. I can google it for you if you don't believe me.

[gunslnger.livejournal.com]

I wasn't disputing it, since it's the same point the article was using.

[raichu100.livejournal.com]

1. "potential incomes" doesn't really mean anything
4. my point stands.