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Should Government Forgive Home Loans?

Orbit

I'm a planet
100% possible if we automate it making instruction free for most subjects and set up certification centers with very low testing costs...like 25 per student. Most materials for this are already available, and all that remains is to cut funding for the bloated universities.

Bloated universities? I work at a public university and we get budget cuts every year. Bloated my eye.
 

Revoltingest

Pragmatic Libertarian
Premium Member
Id rather see that than the banks getting bailed out while homes get forclosed on like during the Recession.
I'd prefer to bail out the homeowners
to keep both them & the banks healthy.
And then fix from what government
was doing wrong with lending, taxation,
& policies that are barriers to selling.
 

Brickjectivity

Veteran Member
Staff member
Premium Member
Bloated universities? I work at a public university and we get budget cuts every year. Bloated my eye.
Well yes, I have read that the adjuncts in particular get paid diddly squat; but the students pay for housing with their school loans. Tuition is on top of that. Teachers don't taste a drop of that rent money. Then there is all of the food, and that comes out of loans, too. In the end the very cheapest full time student pays tens of thousands, and the most expensive pays hundreds; yet teacher budgets keep getting cut. Where is the money going? Not to you.

My university holds (held) a fake referendum among the students to get permission to pay for a building upgrade with student fees. The students vote (voted) against it, but the school ceo's overrides the vote by having the student council say the vote against is actually a vote in favor. So they have us vote, we vote against, then they add fees anyway to upgrade a building no students care about. For our own good. The building is part of the original campus and about forty years old. Its about 2 miles away from the golf course, and the campus is divided by a major highway that students must use 40 minutes to traverse. That's what I call bloat.
 

Shaul

Well-Known Member
Premium Member
See the quote directly below....


Government could compensate private lenders.

If all education should be free,
then why not housing?
Because public spending on education promotes public wealth while public spending on housing does not.
 

We Never Know

No Slack
I'd prefer to bail out the homeowners
to keep both them & the banks healthy.
And then fix from what government
was doing wrong with lending, taxation,
& policies that are barriers to selling.
IMO they should have bailed out the home owners that way they get to keep their houses and the banks get their money. Its a win win.
 

Audie

Veteran Member
Lets wipe the debt slate clean for all individuals, all businesses and all countries. Start all over with no one owing anyone.
All quite amusing if you aren't left holding the bag.

I wonder what percent of the population would be alive a year later.
 

Revoltingest

Pragmatic Libertarian
Premium Member
There are a few - Norway being one of them. I don't know if I'd say "free" more than "covered" by their social programs payed for by tax dollars
My statement was broader than just making it free.
Consider...
Can a student collect PhDs in various fields that
don't yield benefits commensurate with the cost?
 

Valjean

Veteran Member
Premium Member
Defense, courts, law enforcement, & treaties are the basics.
Social services can be added when the economy can support them.
Happiness is for individuals to pursue...not for government to provide.

Every man for himself does not a happy society make. It creates a competitive, zero sum, sink-or-swim society; a society of winners and losers, with no help for the latter.

Government doesn't provide happiness, but it does have a role in removing obstacles to its pursuit, and ensuring the Maslovian basics.
Sound good to me.

Those industries suffer from government intrusion.
So government intervention to fix government intervention
isn't necessarily a solution. Regulation, deregulation, &
subsidy are complex issues.
It wasn't government intrusion that created the several crises we find ourselves in. It was the lack of intrusion; the removal of regulation and oversight over the past 40+ years.
Lobbying is definitely a problem.
Perhaps we should prevent people from
redress of grievances to government?
????
 

Heyo

Veteran Member
Lets wipe the debt slate clean for all individuals, all businesses and all countries. Start all over with no one owing anyone.
That would be biblical. Isn't the right all religious?
And while we're at it, make usury illegal again. Nobody would go into dept as nobody would lend any more.
 

Stevicus

Veteran Member
Staff member
Premium Member
So why do you think I proposed adding
social services when the economy can
afford it? In 1776, USA couldn't do much.
But in 2023 it can.

Yeah, well, if/when the USA actually does it, then we can have a completely different conversation. The point is, it's not being done, while many problems continue to fester and smolder unchecked.
 
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