Video: Cavuto pwns idiot college student that wants free college

[Red Green]

These two are not dependent on each other. Nothing makes the government-student relation special. They should be able to evaluate the creditworthiness of the student and make a proper decision whether a loan should be granted based on sound market principles. If they feel underwriting a loan requires an enslavement of the student then they probably should not be doing it.

They pretty much are: the loans are given with govt underwriting, which means the govt (you and I) are co-signers. So let's say this dumb bitch runs up student loans of $80,000 getting her master's degree in Women and Multicultural studies. Now, she decides to try and get a job and ends up waiting tables at IHOP. Since she has no real assets at this point, declaring bankruptcy is pretty easy (i.e. she has nothing to lose). When the debt against her is discharged, the lender then turns to the co-signers to collect (that would be you and I).

So, first you need to get the govt underwriting out of the way. Now, tell me how poor students are going to be able to secure tuition loans without the non-discharge in place?

 

[timosman]

So, first you need to get the govt underwriting out of the way. Now, tell me how poor students are going to be able to secure tuition loans without the non-discharge in place?

They won't. The tuition prices will have to drop. Free market at work.

 

[muh_roads]

People like this who are confused and trying to find solutions really are perfect candidates to show videos to about the evils of central banking. She at least identified that the bank bailouts with trillions was wrong.

Everyone concerns themselves so much with money and how much money people make but no one is willing to look at money itself and ask...why do we need more? Can't we just divide the money we have now?

Stop adding zeroes to anywhere except the furthest right side of the decimal place. A dollar should be broken down into more than 100 pennies. Or even more than how Forex breaks it down with pips.

Nobody wants to talk about this rat race of creating new money. It's so sad and frustrating. We don't need to create new money. Value would be preserved and prices would come down.

 

[euphemia]

But her point is not that we should reform the banking system because it's good for all people. She makes the point so it can be a vehicle of wealth transfer to her demographic.

 

[Red Green]

They won't. The tuition prices will have to drop. Free market at work.

I totally agree, but with the govt underwriting in place, the lenders won't care about default so you accomplish only to ease the burden on students and place it on taxpayers.