What incentive did banks and colleges have to prevent teens from borrowing money that couldn't be paid back based on the current curriculum they pursued? I'm guessing you need what's posted below?
I'm now thinking we have the exact same view on this issue. (In this scenario) Adults took advantage of children with the end goal of siphoning money from middle america and sending it upstream while ensuring they have loopholes to discharge their debt. I'd hope you agree after reading your post.
They lose their principal and interest when the student doesn't pay. The federal government stopped guaranteeing loans in 2010. If a bank is loaning a student money now, they're on the hook when the money isn't paid back. Moral hazard would be the situation they would be in if the government was guaranteeing the loans, they get the upside if the loans perform and no downside if they don't so it appears that they're taking a risk and they're compensated accordingly, but they get bailed out if the risk is realized. Which would incentivize them to take bigger risks than they otherwise would, that's the "moral hazard"part. But that's not the situation banks making student loans are in. And the colleges were never in a situation of taking a financial risk on the students beyond a single semester of tuition.
McDonald's made me fat and it's their problem do you think I should get an attorney? https://money.cnn.com/2003/01/22/news/companies/mcdonalds/ In today's wacky world this might be a legit lawsuit because today it's everyone else's fault why I made bad choices.....LOL Why should I have to pay for my loans can't I be irresponsible - this is not fair?
WHAT?!? ""Contrary to what many may think," said Hirsch in a telephone interview with CNN, "we are not looking to get rich from a large money settlement. We are proposing a fund that will educate children about the nutritional facts and contents of McDonald's food."" BULLSHIT! Absolutely you are going for the money. The FUCK you care about the health of children, you fucking POS lawyerass. "...In August, a suit filed by the parents of two girls claimed that McDonald's and two of its restaurants in the Bronx failed to disclose clearly and conspicuously the ingredients and effects of its food, much of which is high in fat, salt, sugar and cholesterol. The plaintiffs argued that McDonald's should therefore be held accountable for the girls' obesity, heart disease, diabetes, high blood pressure, and elevated cholesterol. The girls are Jazlyn Bradley and Ashley Pelman. Bradley, 19, is 5 feet, 6 inches tall, and weighs 270 pounds. Pelman, 14, is 4-foot-10 and 170 pounds. Bradley said that a McMuffin for breakfast and a Big Mac meal for dinner was her regular diet. Pelman preferred the Happy Meals and used to eat at McDonald's three or four times a week. Bradley's father, Israel, said he never saw anything in the Bronx restaurants that informed him of the food's ingredients. "I always believed McDonald's was healthy for my children," he said in an affidavit..." OMFG NO! NO! NO! NO! Here's the song those fat fucking dumbass teens (and their FATHER) better listen to before they reach the age of 22. Fucking CUNTS!
Well you could say "seed corn" is an educated workforce. Or you could say "seed corn" is ensuring that those of us who make over $518,000 a year only have to pay a 37% instead of 39.6% marginal tax rate. The change Biden is proposing that is the basis for this thread would cost the country less than $400B, once. The change in marginal rates Trump enacted costs the country around $2T over the next 10 years. As someone who runs a business and depends on a well educated workforce and who also benefited greatly from the Trump tax cuts, I'll take well educated workforce every time. The tax cuts just gave me extra money I didn't really need. A large college educated workforce is necessary for me to make any money in the first place. Seed corn indeed.