Debt cancellation World Bank president David Malpass has called on investors to prepare to grant some form of debt relief for countries that may find themselves in a debt crisis, thanks to the pandemic. Malpass: "It is evident that some countries are unable to repay the debt they have taken on. We must, therefore, also reduce the debt level. This can be called debt relief or cancellation." Al Jazeera
Debt ALWAYS gets accounted for by someone... and often the person who pays is not the one who benefited from spending the money. With "debt forgiveness" of all kinds... the lender is the one who takes it in the shorts. But in no way is the EVER fair. Including college loan debts! (Which we all know that if Biden is declared victor, we'll hear lots of cries for.... notice how I ended a sentence with a preposition? My 7th grade English teacher, who was the most demanding and strict one I ever had, would be rolling in his grave if he new.)
Amen. Based on their forgiveness idea, the baseline for individual's age, for someone to be considered as an adult, should moved from 18/21 to 28/30. Given the fact that amygdala is the last part of the brain, to fully develop by the age of ~30, it's a crazy and rational idea at the same time.
Not crazy at all. Part of my formal education included Developmental Biology. Current view when I was in school was that the brain isn't fully developed certainly until age 25 and perhaps even 30. This explains the high divorce rate. That is, people get married too young before they have formed their views/wants about their adult life issues. They don't become dissatisfied with their marriage "because they grew apart" or "because they grew to be different people".... rather it's because they were never on the same page to begin with but didn't realize it when they got married.... blinded by the hot sex and good looks thing... which loses its shine when you realize you're not happy about other adult aspects of being with someone. This also means, "children should not be allowed to vote"... including "college children!" When they lowered the voting age from 20 to 18, I was one who "became eligible" to vote at that age. (Imagine... I was "old enough to vote", but not old enough to buy beer.) That was during the Vietnam war... and I thought, "if I'm old enough to go to war and perhaps die, I'm old enough to vote". Well... I disagree with that 100% now. Young people are NOT mature enough to be entrusted with the vote.... they just haven't yet had enough life experience. Yeah, they'll vote for "what they want" like a child wanting candy... or vote how they're brainwashed to by academia... but all of that is wrong!
Developmental biology - sounds interesting. (finding more ,,answers'' about yourself & others, based on science & facts and not on opinions, combine that with deeper study in psychology, - woah, ,,a recipe for success'') Yup, the marriage part - absolutely agree. Too many failed examples all around. The Biden, promising that, just to win the votes. Like the politicians, promising to elders, in our country, to pay out a 13'th pension, if they gets elected. Old game as humanity itself. Insolvable problem (?) (can't prohibit politicians from making the promises , they do have to promise something, - to cast a ,,vision for a better future'') Dalio's offer of Idea Meritocracy, probably is the best way of doing things, - tho, can't be applied to general masses. Pareto law in the end , wins the day. Very few will know and understand, that which actually is happening, based on their own conclusions made out of facts and data. The rest, as always, will vote, based on emotions. Likes & Dislikes After all, imagine, everyone who votes, would have to take an iq test. I think, the chart would look like this :
Lest anyone not recall... the Dems once pushed for lowering the voting age to 16! If 18-yr olds are too dumb and naive to vote, what the HELL about 16s? They don't even know "come here" from "sic -em"... and they should be entrusted with the responsibility of electing who is going to run the country and how?? Sheesh!
World Bank loans are not really a Dem/Rep thing. But yes, all US citizens should be concerned about wanton debt renegotiation. During the 2016 campaign, Trump proclaimed himself the "King of Debt," telling CBS's Norah O'Donnell that "nobody knows debt better than me. ... I've made a fortune by using debt, and if things don't work out I renegotiate the debt. I mean, that's a smart thing, not a stupid thing." Renegotiating means "you go back and you say, 'Hey, guess what, the economy crashed,'" he explained. "'I'm going to give you back half.'" https://www.nytimes.com/2016/05/07/...tional-debt-get-creditors-to-accept-less.html
International Debt Renegotiation is just a balance sheet trick that kicks the can down the road and lets international bankers make additional fees. Everyone knows in the case of some countries the debt will never, ever, be repaid. As for debt cancellation in the US why not advocate debt cancellation up to $50,000 or some other number for everyone Can be used to reduce or eliminate 1. college debt 2. credit card debt 3. mortage 4. car loans Why just canceling the debt of the least responsible (college students) ?