DakotaT
12 years ago

To the kind of morons who thought up this Student Loan Forgiveness Act.

And to the morons who keep voting for them.


I am hereby adding Wade Rule #63:
It is impossible to overestimate the stupidity of "solutions" that politicians will find.

Originally Posted by: Wade 



Well, I'm coming up on my 10 anniversary of student loan debt and I have about $3,800 to go - should I apply Wade, or should I just pay it off so I can waltz around with some kind of righteous point of view that I didn't accept the handout?
UserPostedImage
Wade
  • Wade
  • Veteran Member
12 years ago

Well, I'm coming up on my 10 anniversary of student loan debt and I have about $3,800 to go - should I apply Wade, or should I just pay it off so I can waltz around with some kind of righteous point of view that I didn't accept the handout?

Originally Posted by: DakotaT 



Be righteous, my friend, be righteous.

Just because someone is offering a stolen Rolex for $100 on the street corner doesn't mean you should take him up on the offer.


And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)
4PackGirl
12 years ago

To the kind of morons who thought up this Student Loan Forgiveness Act.

And to the morons who keep voting for them.


I am hereby adding Wade Rule #63:
It is impossible to overestimate the stupidity of "solutions" that politicians will find.

Originally Posted by: Wade 



now wade - you know i love ya, right? BUT...

if the people with student loans would just PAY them back, would this proposed act even be needed?

gawd i feel like i'm beatin a damn dead horse around here lately. [boxing] :-"



Wade
  • Wade
  • Veteran Member
12 years ago

is there somewhere i can find the first 62 rules because this list sounds awesome

Originally Posted by: gbguy20 



Ask, and you shall receive:


WADE’S RULES AND PRINCIPLES
© Wade E. Shilts 2007-2012.

1. Rule 1: It's for His glory. Period.
2. Rule 2: Listen. Think. Repeat.
3. Rule 3: Dare to be unique.
4. Sturgeon's law ("90 percent of everything is crap") applies to talk about economics.
5. Sturgeon was an optimist.
6. (Stefanovich principle.) "Look at more stuff. Think about it harder." (quoting Andy Stefanovich)
7. If you aren't spending 80% or more of your time pursuing your mission, either you lack a mission or your priorities are screwed up.
8. The only thing Congress can be trusted to do is eff things up more. Ditto for the President.
9. Work is a four-letter word and should be censored accordingly.
10. Anyone can talk. *I* can talk. Listen to Nike instead. Just do it.
11. Short answers are, at best, incomplete, and, usually, wrong.
12. If the question is important, the answer is rarely obvious.
13. Experience is not a self-evident truth.
14. Never vote for an incumbent. No politician is worth the cost of another term.
15. "None of the above" can be the best choice.
16. It's not about winning an argument; it's about convincing you to agree with me.
17. Nouns and verbs work. Adjectives and adverbs bore.
18. Subject. Verb. Object. That's all a sentence needs. And sometimes subject and verb are optional.
19. (Sympathy principle.) If you're not interested in something I'm interested in, what makes you think I'm going to be interested in you?
20. It ought to be the words that matter, not the person. That you are a Senator of the United States doesn't mean a damn thing to me just because you make me buy the shoes you keep shoving in your mouth.
21. Everyone's an asshole from time to time. Even me. Even you. Get over it.
22. Feel free to be thin-skinned and take offense. Just don’t expect me to worry about it when you do.
23. If you don't pay attention to the words you use, neither will anyone else.
24. Bad habits are harder to break than good ones. Just look at me.
25. The goal isn't having your opinion heard. It's having your opinion persuade.
26. Anyone can publish. Getting listened to is another matter. So is being worth listening to.
27. (Orwell principle.) Diction is more than semantics. Word choice has consequences. Choose your words. Or lose your choices.
28. "Big picture" research (inter-disciplinarity, synthesis) can't follow the same rules as discipline-centered research.
29. Any clown can figure out something that is necessary. The trick is figuring out what is sufficient.
30. Live like an entrepreneur, not like a lawyer.
31. Discernment is about judging information, not people.
32. Of course there are bad questions. Dumb questions, too. Wisdom doesn't come from constantly asking questions. Wisdom comes from knowing when to ask and when not to ask.
33. Saying "in my opinion" is redundant. You wrote the sentence. Of course it's your opinion.
34. If it's someone else's opinion, you need to tell me that. Otherwise, see previous rule.
35. If I cannot accomplish what I believe needs doing in my classes, I should not be teaching at Luther College. Or anywhere.
36. 21st century educators must provide their students with opportunities for developing "next order" skills. If they fail to do so, they are overpaid.
37. A passion should be a six-day-a-week habit. And if your passion is your mission, it should tempt you to make it a seven-day-a-week one.
38. I'm not a content provider. I'm an apostle of ways of thinking.
39. I’m not an encyclopedia. That's what libraries and the Internet are for.
40. My field is not economics or even economic history. My field is the teaching of economics and economic history.
41. Every good idea is expensive to listen to. What makes an idea good is not how cheap it is, but how much more than its cost it is worth.
42. The problem with ignorance is not a lack of knowledge. It is the corruption of thinking that ignorance encourages.
43. Don’t call me a generalist. I'm a synthesist. A generalist seeks to do many things. A synthesist seeks to do only one: to put together.
44. Success is not about how much you know. It's about how well you think.
45. There's a reason they call the PhD a "terminal degree." Most people holding it have killed their brains.
46. It's not how much you know about the past that matters, it's how well you use the past.
47. The important things I learned in grad school are too important to leave the monopoly of those with advanced degrees.
48. Definitions are for working with, manipulating, playing with, and putting to use. Not for memorizing.
49. There is no mainstream. And no middle class. And both of these absences are good things.
50. Judgment develops only by its exercise. Everyone is born with the ability to think. No one is born with the ability to think well.
51. All problems are problems of price.
52. "Always," "never," "everything," and "nothing" are dangerous words. People who believe in them are made-to-order dupes of politicians, hack journalists, spammers, and other charlatans.
53. “Everyone” is usually wrong.
54. (Emerson principle.) Any small mind can insist on consistency. Large minds admit paradox and contradiction.
55. Give options, not rules.
56. Life isn’t fair. Live with it.
57. The economic way of thinking offers no principled help in determining what is fair. This is one feature it shares with other ways of thinking.
58. It takes millions.
59. Dare to be unique.
60. Rules of thumb, not rules of law.
61. Any number is useless unless the user first answers a “How big is ‘big’?” question.
62. Google is a step. Valuable information is a staircase.
63. It is impossible to overestimate the stupidity of “solutions” that politicians will find.


And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)
Wade
  • Wade
  • Veteran Member
12 years ago

now wade - you know i love ya, right? BUT...

if the people with student loans would just PAY them back, would this proposed act even be needed?

gawd i feel like i'm beatin a damn dead horse around here lately. [boxing] :-"



Originally Posted by: 4PackGirl 



If they pay them back, there's no need.
If they don't, sue them for repayment just the way any other creditor has to. There's still no need.

And hey, beating dead horses around here is good for you. I'm sure Kevin loves us when we do. [grin1]

🐴 🐴




And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)
Pack93z
  • Pack93z
  • Select Member Topic Starter
12 years ago

Ask, and you shall receive:


WADE’S RULES AND PRINCIPLES
© Wade E. Shilts 2007-2012.

1. Rule 1: It's for His glory. Period.
2. Rule 2: Listen. Think. Repeat.
3. Rule 3: Dare to be unique.
4. Sturgeon's law ("90 percent of everything is crap") applies to talk about economics.
5. Sturgeon was an optimist.
6. (Stefanovich principle.) "Look at more stuff. Think about it harder." (quoting Andy Stefanovich)
7. If you aren't spending 80% or more of your time pursuing your mission, either you lack a mission or your priorities are screwed up.
8. The only thing Congress can be trusted to do is eff things up more. Ditto for the President.
9. Work is a four-letter word and should be censored accordingly.
10. Anyone can talk. *I* can talk. Listen to Nike instead. Just do it.
11. Short answers are, at best, incomplete, and, usually, wrong.
12. If the question is important, the answer is rarely obvious.
13. Experience is not a self-evident truth.
14. Never vote for an incumbent. No politician is worth the cost of another term.
15. "None of the above" can be the best choice.
16. It's not about winning an argument; it's about convincing you to agree with me.
17. Nouns and verbs work. Adjectives and adverbs bore.
18. Subject. Verb. Object. That's all a sentence needs. And sometimes subject and verb are optional.
19. (Sympathy principle.) If you're not interested in something I'm interested in, what makes you think I'm going to be interested in you?
20. It ought to be the words that matter, not the person. That you are a Senator of the United States doesn't mean a damn thing to me just because you make me buy the shoes you keep shoving in your mouth.
21. Everyone's an asshole from time to time. Even me. Even you. Get over it.
22. Feel free to be thin-skinned and take offense. Just don’t expect me to worry about it when you do.
23. If you don't pay attention to the words you use, neither will anyone else.
24. Bad habits are harder to break than good ones. Just look at me.
25. The goal isn't having your opinion heard. It's having your opinion persuade.
26. Anyone can publish. Getting listened to is another matter. So is being worth listening to.
27. (Orwell principle.) Diction is more than semantics. Word choice has consequences. Choose your words. Or lose your choices.
28. "Big picture" research (inter-disciplinarity, synthesis) can't follow the same rules as discipline-centered research.
29. Any clown can figure out something that is necessary. The trick is figuring out what is sufficient.
30. Live like an entrepreneur, not like a lawyer.
31. Discernment is about judging information, not people.
32. Of course there are bad questions. Dumb questions, too. Wisdom doesn't come from constantly asking questions. Wisdom comes from knowing when to ask and when not to ask.
33. Saying "in my opinion" is redundant. You wrote the sentence. Of course it's your opinion.
34. If it's someone else's opinion, you need to tell me that. Otherwise, see previous rule.
35. If I cannot accomplish what I believe needs doing in my classes, I should not be teaching at Luther College. Or anywhere.
36. 21st century educators must provide their students with opportunities for developing "next order" skills. If they fail to do so, they are overpaid.
37. A passion should be a six-day-a-week habit. And if your passion is your mission, it should tempt you to make it a seven-day-a-week one.
38. I'm not a content provider. I'm an apostle of ways of thinking.
39. I’m not an encyclopedia. That's what libraries and the Internet are for.
40. My field is not economics or even economic history. My field is the teaching of economics and economic history.
41. Every good idea is expensive to listen to. What makes an idea good is not how cheap it is, but how much more than its cost it is worth.
42. The problem with ignorance is not a lack of knowledge. It is the corruption of thinking that ignorance encourages.
43. Don’t call me a generalist. I'm a synthesist. A generalist seeks to do many things. A synthesist seeks to do only one: to put together.
44. Success is not about how much you know. It's about how well you think.
45. There's a reason they call the PhD a "terminal degree." Most people holding it have killed their brains.
46. It's not how much you know about the past that matters, it's how well you use the past.
47. The important things I learned in grad school are too important to leave the monopoly of those with advanced degrees.
48. Definitions are for working with, manipulating, playing with, and putting to use. Not for memorizing.
49. There is no mainstream. And no middle class. And both of these absences are good things.
50. Judgment develops only by its exercise. Everyone is born with the ability to think. No one is born with the ability to think well.
51. All problems are problems of price.
52. "Always," "never," "everything," and "nothing" are dangerous words. People who believe in them are made-to-order dupes of politicians, hack journalists, spammers, and other charlatans.
53. “Everyone” is usually wrong.
54. (Emerson principle.) Any small mind can insist on consistency. Large minds admit paradox and contradiction.
55. Give options, not rules.
56. Life isn’t fair. Live with it.
57. The economic way of thinking offers no principled help in determining what is fair. This is one feature it shares with other ways of thinking.
58. It takes millions.
59. Dare to be unique.
60. Rules of thumb, not rules of law.
61. Any number is useless unless the user first answers a “How big is ‘big’?” question.
62. Google is a step. Valuable information is a staircase.
63. It is impossible to overestimate the stupidity of “solutions” that politicians will find.


Originally Posted by: Wade 



Love it.. I had started one years ago.. but found that my rules way way to rigid and couldn't be globally applied.. so I suspended thy list.

From now on.. you are Jethro Leroy Gibbs to me. ;)


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
wpr
  • wpr
  • Preferred Member
12 years ago
Student loans outstanding will exceed $1 trillion this year 

Students and workers seeking retraining are borrowing extraordinary amounts of money through federal loan programs, potentially putting a huge burden on the backs of young people looking for jobs and trying to start careers.

The amount of student loans taken out last year crossed the $100 billion mark for the first time and total loans outstanding will exceed $1 trillion for the first time this year. Americans now owe more on student loans than on credit cards, reports the Federal Reserve Bank of New York, the U.S. Department of Education and private sources.

Students are borrowing twice what they did a decade ago after adjusting for inflation, the College Board reports. Total outstanding debt has doubled in the past five years — a sharp contrast to consumers reducing what's owed on home loans and credit cards.

Taxpayers and other lenders have little risk of losing money on the loans, unlike mortgages made during the real estate bubble. Congress has given the lenders, the government included, broad collection powers, far greater than those of mortgage or credit card lenders. The debt can't be shed in bankruptcy.

The credit risk falls on young people who will start adult life deeper in debt, a burden that could place a drag on the economy in the future.

"Students who borrow too much end up delaying life-cycle events such as buying a car, buying a home, getting married (and) having children," says Mark Kantrowitz, publisher of FinAid.org.

"It's going to create a generation of wage slavery," says Nick Pardini, a Villanova University graduate student in finance who has warned on a blog for investors that student loans are the next credit bubble — with borrowers, rather than lenders, as the losers.

Full-time undergraduate students borrowed an average $4,963 in 2010, up 63% from a decade earlier after adjusting for inflation, the College Board reports. What's happening:

•Defaults. The portion of borrowers in default — more than nine months behind on payments — rose from 6.7% in 2007 to 8.8% in 2009, according to the most recent federal data.

•For profit-schools. The highest default rates are at for-profit schools that tend to serve lower-income students and offer courses online. The University of Phoenix, the nation's largest, got 88% of its revenue from federal programs last year, most of it from student loans.

"Federal student loans are like no other loans," says Alisa Cunningham, research chief at the Institute for Higher Education Policy. "The consequences are so high for making a mistake."


UserPostedImage
dfosterf
12 years ago
I didn't read much of this thread, but I don't think I should have to.

If you signed your name, you should pay your bill.

Not me, (as a taxpayer).

You.

These things aren't that tough to figure out if you have honor.

Tough titty if things didn't work out as you like...

You signed.

You pay.

Simple.



TheKanataThrilla
12 years ago
Obama buying your votes with your childrens' inheritance.

Is China securing this debt? Shit you guys better start printing some more money. There is this country Greece that you might want to take a look at what not to do...
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