U.S. household debt tops $14 TRILLION and reaches new record

I'll see you with my wife and raise you a Master Card.

 

When did dems take over student loans? Do you have any idea of what you speak of?

 

2010 Healthcare and education reconciliation act

 

No it does not. Credit card companies report balances. Every day they receive payments, while yours is only paid once a month. As far as you and I (likewise pay in full every month) we don't consider it a debt as it just a delayed payment.

 

So how did they take it over

how did that take over student loans, all they do is administer the program as lenders were in bed with these private for profit education "schools" that were ripping off kids. The banks are still the ones who bankroll it. Student debt is rising because of stupid kids borrowing money rather than working, not because the feds administer the program. It is administer by Trump's dept of ed so if there is any fault over the last 3 years it could be assigned to his admin people not the congress. .

 

All student loans orginate with the federal govt. they nationalized them.

 

Like hell they did. Sallie Mae and Navient are private companies. If you are talking Stafford loans, they are not an issue all they loan is about 5000 per year so 20 grand is federal and then only. No one is complaining about kids being 20 grand in debt.

 

I’m not referring to sallie Mae, I’m referring to the Dept of Education and the healthcare and education reconciliation act.

 

It is short term debt.

 

Yeah, I guess I just don't see it that way. To me it is almost like using a check, you are not really paying for it at that time of purchase, it Is just another means of making the transaction. I tell everyone I have no debt, (no mortgage/no car loan, insurance and property taxes paid in full etc) but by your accounting because I owe phone and internet every month I am in debt as I am using something and not paying for it until the end of the month, I extrapolate that to Amazon and Kohls.

 

I'm merely repeating back to you your own assertions.

First you said that Govt cannot change people (when you insisted that Govt can't influence parents), then in the same post - or the very next one - you insisted that Govt CAN change people (when you said that schools can influence kids).

I'll ask again, which is it?

 

Government cannot change the masses behavior for a simple reason to force better parenting.

'Schools can influence kids'?? Schools can present information to the masses and it's up to each individual how they process this information. Talking about 'parenting' is not the same as talking about 'teaching' kids.

Creating an education system that requires a parent for anything will fail the students.

 

It's exactly the same. It's influencing HUMANS, period.

Our education system already requires full parental participation to work (effectively). If it fails, it's therefore NOT the fault of the system ... obviously.

 

It is FAILING about 50% of the kids...

 

No, it really isn't. If any kids at all can excel in that system (and plenty do), then it's not the system, clearly. If the system was the problem, no child could excel.

The schools/the system is not failing kids, their parents are. And there's nothing anyone can do about that in a democracy. Forcing parents to change would be authoritarian, not democratic. We either accept that democracy means 50% will always do that which we don't want them to do, or we throw our lot in with totalitarians.

 

Join reality! 30% of the kids drop-out or fail high school and another 20% learn little to nothing...again...our education system is failing about 50% of the kids. What is our education system doing to correct the 50% group, and, what is it doing to support the top 50%?

 

Household debt was rising over Obama too. When the economy is good, people just like to borrow a lot.

 

Did you not read my post?

In a democracy you have no choice but to accept that half of your nation is always going to make choices you wouldn't make (either by vote, or by lifestyle, or by attitude to education .. or all three). If you can't accept that reality, you're effectively saying you can't accept democracy.

Schools can do NOTHING without parental support, and parents are free choose not to provide that support.

 

Maybe it's just me being an 'old guy', but I'd rather have hot pokers shoved up my butt than to have to be in debt to anybody! It is nothing but slavery, almost as bad as being in actual CHAINS....

But, as long as the Federal Reserve central bank goes on making it so easy for people to plunge miles-deep in debt, and pay next to NOTHING in interest on that debt, then some people are going to do exactly that -- a LOT of people....

 

You know why this happened? Bank deregulation is why. When we were kids, having a credit card was a status symbol. Disgusting.

 

While I cannot disagree with your opinion about bank deregulation, per se, it is also true that nobody holds a gun to anybody else's head and FORCES them to buy tons of crap on credit, or to borrow large amounts of money.

If interest rates reflected what the DEMAND actually is for credit and loans, then everything would spring back in balance, without some damned central bank (the "Fed") 'printing' vast amounts of imaginary dollars and flooding the entire world with them...!

 

It's not age. It's personal/cultural.

There are plenty of people - of all ages - who hate debt. My hubby and I did everything possible to clear debt, and managed to get it done before we turned 40. We've not owed a cent since. If we can't pay cash for something, we don't buy it.

 

Design an education system that removes parents and environments from the equation! Design an education system that treats all kids as individuals...

 

You want the state to have full control of childrens' minds? Seriously?

I see you're no fan of democracy.

 

You just make up crap which serves no purpose here? I never said 'full control of children's minds'?? I never talked about 'democracy'?? I'm talking about an education system and you're hell-bent on your biased path. YOU can either accept the status quo of the current education system, or if YOU wish to improve it, be open-minded to workable solutions...