PDITF is a single author blog. Ninety-five percent of the articles are written by me, the other 5% are guest posts. Today, I thought I’d mix it up even more and allow a few unsuspecting people to hijack today’s post. My article about student loans being forgiven has quickly become one of my most popular. It currently has 87 comments, and counting. I thought I’d share with you a few of them.
Let’s get right to it….
If you forgive one type of debt, you kind of have to forgive all debt. Who’s to say that one debt is greater or more important thus needing forgiving then another. It’s just all so stupid. If in the end you can’t pay for something, don’t sign the paper work in the beginning stating you can.
Pretty reasonable first line right? The banks were bailed out so students should be too. WRONG. The banks shouldn’t have been bailed out, and students shouldn’t be bailed out. Goes back to the age-old adage “Two wrongs don’t make a right.” You do realize if your student loan is forgiven the balance doesn’t disappear in to space. No, instead YOUR student loan balance now becomes MY headache (via taxes). I don’t want to pay for your student loans any more than I wanted to pay for my neighbor’s house.
And then there is my personal favorite, this one came in late last night while I was watching an episode of Pretty Little Liars (warning: the commenter’s thoughts are difficult to follow)…
So… back to the Iphone that was made by worker bees in China…. Did you keep it/are you using it? The answer to that question pretty much illustrates the rest of any of your like mentality. You’re either hypocritical or you’re not. Your response to the whole OWS movement seems based from a pretty “world is roses” and overall very ignorant stance. Somewhat parallel but not as dumb as the dirt poor Republicans who keep voting against themselves. You seem to not realise the point that you cannot truly “function” in society without some/most items made in deplorable conditions (even bums use discarded Starbucks cups and wear Nikes). Protesters include nurses, students, all types of professionals. Just because these are again – a function of modern day society – virtually inescapable in Modern Day America – doesn’t mean that you can’t disagree with how they are made. In fact, it should outrage you more. The corporate greed that has gone into their making at the expense of the natural habitat and the 99% if you will for the benefit of the fattest is what people are making a statement against. If you are outraged about the working conditions in China for a product you buy in America, yet seem to think the protesters are silly and infantile you are just another dirt poor Republican voting against yourself (just on a different scale). You seemed more intelligent than that.
First, please for the love of bacon, learn how to use a freakin’ comma. I had to re-read this garbage a handful of times before I could even understand what it was you were trying to say.
Second, yes I did keep the iPhone (which is probably worthy of a blog post in and of itself). Mainly because of these comments. It seems that just about everything, from the TV I watch to the clothes I wear are byproducts of questionable work conditions. Unfortunately, (almost) everything in America was made somewhere else. Anyone know of a cell phone manufacturer that doesn’t outsource? It was a lose-lose situation. Check out this article for more information.
Lastly….what? Are you drunk, high, stupid, or a combination of all three? What does this sentence even mean “Your response to the whole OWS movement seems based from a pretty ‘world is roses’ and overall very ignorant stance.”? If you are going to insult me and call me things like “a dirt poor Republican” please at least have an agenda or reason for doing so. I’m all for people posting their opposing point of views (Stacking Cash and Larry can testify to this), but at least have some meat and potatoes along with your comment. To the anonymous commenter that wrote the above, click here.
I’m totally glad my post got people thinking and brought both sides of the table to discussion. Although, I do particularly enjoy reading comments from people who agree with me (haha, it’s true). Like this one…
Besides, the inherent “unfairness” of forgiving student loan debt, it just doesn’t make sense as a stimulus. I’m an economist, and here’s how that idea stacks up to me:
A Keynesian stimulus is concerned with short-term spending increases – the usual cutoff is about 24 months. So the question that must be asked of anything that is claimed as a stimulus is: “how much marginal (i.e. extra) money will be in the national pockets if it’s implemented?”
Let’s say that Joe Occupier has $60,000 in student loan debt and has payments of $500 a month. If the government forgives his loan, it costs them $60,000. Assuming Joe spends *all* of the money he saves (which is a crazy ambitious assumption), he’ll put an extra ($500*24)=$12,000 in to to economy. So the federal government is paying $60k for $12k in stimulus.
You’ll never find an economist to back this plan up.
Am I terrible blogger for calling out some of the very people who read my blog? Perhaps. But if you really believe I’m a “dirt poor Republican” I’d rather you just not read my blog at all. At least then it’s a win-win for both of us 🙂