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View Diary: Joseph Stiglitz' Latest Must-Read: "Inequality Is Holding Back The Recovery" (113 comments)

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  •  things I haven't bought or done (23+ / 0-)

    due to student loan debt:

    1) house (still live in crappy apartment that's WAY to small for us)

    2) new furniture (too expensive, obviously, but also why bother if you live in a rat trap apartment? I don't even think we could fit a bigger bed in our bedroom!)

    3) gone on vacation (aside from seeing family 5 hours away by car)

    4) gotten car problems fixed

    5) had a baby (though we might throw caution to wind on that one anyway, as we're not getting any younger)

    6) bought new work clothes

    7) gone out to a nice dinner within the past 6 months

    I'm sure I could think of more, but you get the picture.  That's thousands and thousands of dollars that I could be spending to stimulate the economy, and where's it going instead? To the Banksters.  Nope, won't be getting any economic recovery spending from me-

    •  student loans are an outrage... (10+ / 0-)

      I don't want them expanded, I want them eliminated.    A 4 year college degree should be free to every academically qualified individual.    For those that aren't, two years free in a community college should prepare them for a transfer to university.

      I am outraged that these loans cannot be discharged in bankruptcy.   Relieves the banks of all responsibility and indentures our kids for generations.   Instead of chasing the ivies, the kids should be looking for ways to get the cheapest post secondary education they can.

      What we need is a Democrat in the White House.

      by dkmich on Sun Jan 20, 2013 at 05:25:52 AM PST

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      •  Absolutely! Think of what that could do for (4+ / 0-)
        Recommended by:
        mkor7, StateofEuphoria, elwior, aliasalias

        our economy. When I was in college, Ohio State, it was $1,000 a year. My dad, with 7 children, a supervisor for a paint company, could afford to pay my tuition, books and expenses for five years because he was so thrifty, with NO loans.

        "extreme concentration of income is incompatible with real democracy.... the truth is that the whole nature of our society is at stake." Paul Krugman

        by Gorette on Sun Jan 20, 2013 at 08:33:19 AM PST

        [ Parent ]

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