Rock and a hard place
- Thread starter giles
- Start date
You are right Ric, when all the older hard workers that show up everyday retire some of these work places are screwed.
Fugg the young kids today are so fuggin lazy at our work, they are offering them extra cash each week if they show up everyday and on time.
The little fuggers hardly ever get the bonus.lazy fuggers.
Fugg the young kids today are so fuggin lazy at our work, they are offering them extra cash each week if they show up everyday and on time.
The little fuggers hardly ever get the bonus.lazy fuggers.
Milo
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I'm going to disagree a little bit here. I think America refuses to invest in our youth and grow them. They see them as a warm body and that's why kids and people respond the way they do. People aren't a commodity and until America starts treating differently we will still roll downhill like we are. Imagine how differently your job would be right now with a boss that gives a darn about you personally, I'm will to slide my chips all in and say even a ditch digger would be happier just knowing the people above him care even just a little bit. You have to remember these teachers pour a lot of attention into these kids and then we turn them into a world that say" hey fugg stick,go do this task and I don't give a dam about if it effects you just as long as I don't have to do it."
Shits getting old...just got a text from my super about coming in early tomorrow. Seriously gonna plan shit a day before? WTF
Student loan debt, sub prime auto lending, and corporate debt are escalating rapidly. Add in slowing GDP, negative interest rates, inability to control inflation/deflation. . . .Welcome to the next financial meltdown.
And that's not even the tip of the iceberg.
Have a look at this if you really want to get an idea of how deep the rabbit hole goes: http://marketdailynews.com/2014/11/...-liabilities-is-a-mathematical-impossibility/
And that's for a good reason. I can't even imagine how bad the default rate would be on these loans *if* they were allowed to file for bankruptcy and leave someone else holding the bag.
Milo
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There are two types of student loans and they offset interest rates on secured and unsecured rates. I'm betting student loan defaults rates would mirror home mortgage default rates.
If I were a betting man I'd take you up on it. Not just anyone can get a mortgage. Darn near ANY pulse can get a student loan.
Not to mention the fact that homeowners aren't (presently, at least) banding together demanding that the fedgov step in and pay off their mortgages and/or offer everyone free homes.
IMO, the fact that college kids today are doing this is a pretty weighty indicator that if they could, they would, and since they can't, they demand free.
IMO, the fact that college kids today are doing this is a pretty weighty indicator that if they could, they would, and since they can't, they demand free.
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Milo
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That's because is a secured loan and isn't really comparable to mortgages. I mean a bank wouldn't give a loan for a bunk degree that there is no real job for if the loan was not secured.
Milo
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coming out with 80k in debt means a starting salary in the low 60's and Thad not really possible in every market. If housing was as cheap as it was in the 70's this wouldn't be an issue. There is no sense that a house my dad bought for 7k cash is 1980 was sold for 90k+ 30 years later. Wages have made that sort of jump either...
Milo
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Dang right! , cel phone bills that didn't even exist, 401ks that didn't even exist and the like!
Are student loans secured then? I mean, there has to be someone issuing them. There is not much incentive to pay off the loans. There is little incentive to finish the degree or get a job after. If you have crap credit or no credit but can get money for going to school, then why not go to school? The only people with incentive to pay the loans off are those who value their credit. It is a mess.
Milo
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Federal student loans are protected from bancrupcy laws that allow you to wipe out your debts. They must get paid back unless you die. Unsecured aren't protected and the interest rate is usually double at minimum of the secured loans and sometimes have variable rates.