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Behind On Your Student Loans? These States Will Take Your Driver's License
Talk of across-the-board debt cancellation and loss socialization notwithstanding, the trillion-dollar plus pile of student loan debt America’s proud college graduates are now saddled with is a big problem. It represents a third of consumer non-housing related debt and unfortunately for distressed borrowers, isn’t generally dischargeable in bankruptcy. Between the inexorable rise in college tuition and the fact that $15-20 billion in student loan-backed ABS deals are still going off each year, this isn’t a problem that’s going away anytime soon — unless of course The White House wipes the slate clean in an effort to prove yet again that the world has generally forgotten that “cancelling” one person’s liability everywhere and always impairs someone else’s asset because, well, that’s the way math works.
But before you think about holding out for a taxpayer government-sponsored bailout on your student loans, you may want to check the laws in your state because as it turns out, you may end up losing your driver’s license or worse, your barber’s license. Here’s more via Bloomberg:
The little-known laws exist in at least 22 states and have been on the books in some states since as far back as 1990. Advocates for repealing them say they have real consequences for people who cannot make a dent in their student debt.
“It’s the most inappropriate consequence, because you are taking away their ability to eventually pay [their loans] back,” says Moffie Funk, the Montana state representative who sponsored the bill. In Montana, where there is little public transportation to speak of, driving is the only way most people can get to the jobs they need to repay their debt, Funk says.
Since 2007, Montana has suspended the driver’s licenses of 92 people for defaulting on their student loans, according to John Barnes, a spokesman for the Montana attorney general’s office. By 2012, Iowa had suspended more than 900 licenses because the license holders could not repay their student debt, according to Geoffrey Greenwood, a spokesman at the
Iowa attorney general’s office. Those suspensions were reversed two years ago but not because the policy changed. The Iowa College Student Aid Commission, which once collected federal loans in the state, reserved the suspensions and stopped revoking licenses in 2012, because the commission transferred its student loan portfolio to the Great Lakes Higher Education Corporation, a Wisconsin guaranty agency…
The law has also been effective as leverage against debtors in Iowa. “Once we served a written notice that we were going to revoke a license, we generally got some action from a borrower,” says Julie Leeper, the executive officer of the Iowa College Student Aid Commission.
Records from states that publicly track suspensions of professional licenses suggest that hundreds of people have lost their right to work for not paying back student debt.
In Tennessee, for example, the state's student loan guaranty agency, the Tennessee Student Assistance Corporation, has suspended more than 1,500 professional licenses held by people who defaulted on their student loans. Nurses aides, teachers, and emergency medical personnel have been among the most likely to lose their licenses.
Got it. So essentially, if you can’t make enough money to pay back your student debt, the state will correct the situation by taking away the license you need to get to work, and just in case, through some feat of ingenuity like a taxi or public transportation, you should happen to find a way to get there anyway, they’ll strip you of your professional license so that you can’t work period. Below is a list of states who apparently think this arrangement makes sense (via Credit.com):
Alabama
Alaska
California (ZH: which has the most student borrowers of any state in the union)
Florida
Georgia
Hawaii
Illinois
Iowa
Kentucky
Louisiana
Massachusetts
Minnesota
Mississippi
Montana
New Jersey
New Mexico
North Dakota
Oklahoma
Tennessee
Texas (ZH: which has the second most student borrowers)
Virginia
Washington
* * *
As a reminder:
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Seems fair, borrow money for professional certification, dont pay back = repossess certification.
The DL thing is a little annoying though.
Illegal immigrants can now get a Drivers License. Put your name down as Heraldo Rivera.
Take your driver's license?
Talk about BS. Lookie here...
http://www.marketwatch.com/story/harry-reid-says-hed-rather-get-whipped-...
Guess after the "Tune Up" somebody gave him (No F'ing way it was a stretchie belt ... and note no prosecution, witnesses, accusations, probably hookers, mob and blow) he'd rater get whipped.
Huh.
Many states can suspend your doctor's license if you stop paying your student loans. The average med school debt for a doc is $125k my internal med doc told me who has two kids in med school in Texas.
The article is wrong about Texas according to the attorney general of Texas. https://www.texasattorneygeneral.gov/alerts/alerts_view_alpha.php?id=20&...
You can get your wages garnished, but only being late on child support can lose you your liscence in Texas.
That is correct, in Texas the only non-moving related violation, that can result in a license suspension is not paying child support.
Moving related violations can include not having insurance, driving without a license, and not paying traffic & parking tickets.
they're going to start doing this in Canada too
Geraldo, Banger, Jeesh!
My sister called me from a trip to Cali. We're on the east coast.
She was lost, looking for " la Hoya". She said, I keep seeing signs for "la jolla"
Now that was funny.
Geraldo was already taken by a lying mustache.
if that doesn't work try Jerry Rivers.
The same brilliant non-working logic applies to Child Support as well, but with much more severe consequences...ie. you cannot drive your own child to school if you fail to pay support. So once you fall behind, you are dead meat. It's a vicious circle. The only real solution is to go completely rogue and say "FU". Either the X will crack or the state will after you go underground for enough time (if "they" can't steal your money, even "they" give up and close cases after enough time has passed). Harsh? Maybe, but it does work and allow you to regain control of your life from these tryants.
Yep. also if you skip a payment on your car insurance and let it lapse, they suspend your drivers license. Which means you can't even rent a car or drive someone elses.. How "fair" is that?
Drive away without paying for your gas.... License Gone.
They don't do that if you run out of a store without paying for a can of beans...
Lets think this through for a minute,
I make money from driving to my job. Which happens to be a hair stylist. I happen to be behind in my student debt.
Now the all knowing guberment says that they are going to take my drivers license and my barbers license from me.
I can not drive to work, as well as make money at my hair studio.
Win. Win.
How do I end up paying that debt back when the all knowing guberment has taken both my transportation and my job away from me?
This is so fucking brilliant I am so glad that the guberment is sooooooo smart.
We need to let them make all the decisions for us peons from now on. WE THE PEONS OF THE ALL MIGHTY GUBERMENT GIVE ALL ARE RIGHTS AND DECISION MAKING UPON YOU, THE ALL KNOWING WHAT IS BEST IN THE WORLD, TO YOU THE FUCKING GUBERMENT RETARDS!!!!!!!!!!!
.."We're gonna put you in prison until you pay...."
Government logic. Stupid right?
Yes and no.
BUT if the judge get a kickback from the Private Prison system for each new Convict...
Well, at least PART of the government(ie the judge) is making money.
This situation caused my sister to "off" herself because she felt trapped and no way out. The state will get you one way or another.
This situation caused my sister to "off" herself because she felt trapped and no way out. The state will get you one way or another.
No sympathy for child abandoning dead beat dads.
FOster "No sympathy for child abandoning dead beat dads."
Don't you think that many of the so called "dead beat dads" would pay if they could find a job that pays more that $10/hr?
Don't expect sympathy from others if you are laid off and can only find a job that pays almost enough to pay rent.
Why all the downvotes? Totally agree. Stupid actions have bad consequences. Lesson? Pay your debts.
IF the purported education is a prerequisite for licensing then one could argue that the license is invalid if the process of procurring the education has been invalidated by stiffing the accrediting institution.
Not defending licensing per se; but, the very notion of licensing implies paying to work/play.
In some cases we are probably talking about people making good money as doctors and lawyers, etc. who are also exactly the types that would initiate law suits, hire bill collectors to hound their clients to hell and back, etc. over an unpaid bill for their services.
One does not UNLEARN what was learned simply because they did not pay. The process of the education is not validated or invalidated by payment or lack thereof. This is a perfect example of why the 'accreditation' process is an outmoded / outdated scam.
Soon learning institiutions who engage in this sort of horseshit will be in the same boat as taxi drivers whining about Uber and Lyft.
That's nonsense. The accreditation is there to pronounce a person as worthy of a title of knowledge/fitness to perform work. This knowledge/fitness has nothing to do with payment for an education... it persists whether the student loans are paid.
Licensing is not a mechanism to ensure that only the most worthy candidates get to practice, but rather is simply a revenue mechanism and half-hearted, after-the-fact police force. Licensing exists for the state to make money... The remedial actions that are forced upon practitioners by governmental oversight committees are virtually nonexistent across the macro spectrum. The notion of licensing involves paying a nominal fee to the state... not paying an exorbitant fee to a private party.
...Licensing is not a mechanism to ensure that only the most worthy candidates get to practice, but rather is simply a revenue mechanism and half-hearted, after-the-fact police force.
Fishing License, Hunting License?
License for a 10 year old to have a Lemonade stand...
Want me to go on?
http://commerce.state.ak.us/occ/apps/ODstart.cfm
By that logic, you shouldn't have to pay off your loans if your license is revoked. Call it a refund.
... IF the purported education is a prerequisite for licensing then one could argue that the license is invalid if the process of procurring the education has been invalidated by stiffing the accrediting institution.
Player Piano - Herman Hesse
Truly time for a revolution...These evil bastards need to be stopped...
Hard to run from your past and make a fresh start in the computer age.
No need to run. Just hide in plain sight.
Shared bank accounts in a friends name if necessary. Work off the grid. No obvious assets that can be stolen, etc. The Lord will provide if you ask him.
"The Lord will provide if you ask him."
He sure will- provided you truly put your faith in Him. My life, and many others, are a testimony to that truth.
"Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they?" - Matthew 10:31
But it doesn't necessarilly mean He will provide more than what we need to survive:
"Not that I speak from want, for I have learned to be content in whatever circumstances I am. I know how to get along with humble means, and I also know how to live in prosperity; in any and every circumstance I have learned the secret of being filled and going hungry, both of having abundance and suffering need. I can do all things through Him who strengthens me." - Philippians 4:11-13
Must one have to ask, couldn't The Lord just read your mind?
At first I didn't understand why my prayers weren't being answered. Then I realized, "duh!", The Lord only listens on social media channels.
#NoodlyAppendage
Sure. Just as God provides for the birds and beasts, He generously provides for humankind.
Putting faith in Him insures you're at the front of the line so to speak- in this life, and the next.
"You want what you don’t have, so you scheme and kill to get it. You are jealous of what others have, but you can’t get it, so you fight and wage war to take it away from them. Yet you don’t have what you want because you don’t ask God for it. And even when you ask, you don’t get it because your motives are all wrong—you want only what will give you pleasure." - James 4:2-3
"He has told you, O man, what is good;
and what does the Lord require of you
but to do justice, and to love kindness,
and to walk humbly with your God?" - Micah 6:8
I definitely don't like lines, faith must be a cheaper alternative to the Disney FASTPASS®.
It's free, and it never expires, so, yeah.
And it leads to eternal life in a perfect paradise with the creator (as opposed to a theme park).
So, there's that.
maybe in a motel room but anyway,
This is not good work. ... Results like these do not belong on the résumé of a Supreme Being.~St. George Carlin
... "Work off the grid. No obvious assets that can be stolen, etc."
Not everyone can do it, but the more that you can the better you will be.
CASH ONLY whenEVER possible.
Show no profit, No income on record.
Again, Not everyone can do it(but more and more everyday).
"Truly time for a revolution...These evil bastards need to be stopped..."
You first. Hulk, smash!
In CA a lady that studied to be a dentist racked up significant debt based on the lenders projections of what she should make after graduating. Instead of opening her private practice she wound up working for a clinic that had a clientel of MediCal and MediCare recipients as a base.
Her income was shuch she that defalted on her loan. The Feds then forbade the clinic from allowing her to work on any patient that they were ultimately paying for.
She lost her job and went downhill from there.
You know, there was a time when bitches like this could rack up this much in student debt and after graduating quickly find a guy to marry and saddle him with the debt. Then both of them could work to pay it off.
Not so much anymore as men in general have caught on and would rather have the Friend with Benefits arrangement. Either that, or do nothing more than live with each other.
To the people who down-voted me, was it because I used the term "bitches" to generalize women, or was it because what I said was politically incorrect and therby true?
This is why people vote Democrat. It is a very sad story which seems unfair - until I ask myself whether I want to pay for her debt, which in essence is to question. I really don't.
It should be said that defaulting on your student loans is easily avoidable with income-based repayment, even if you will be paying for 20-25 years.
Not if you are forced to emigrate as a result of these policies.
That is so insane. No one cares about the common folks in the land of the free. The 0.1% have more wealth than the bottom 90%, The incarceration rate in the land of the free is by the far the highest in the world at 740 per 100,000 compared to about 50 in Japan and Sweden.
Why can you not discharge your student loans in a bankruptcy filing? Maybe we need more debt slaves to service the 0.1%.
Are Student Loans Bringing Back Indentured Labor?The American system of financing higher education is broken. Instead of freeing students to use their talents in creative ways, it saddles them with a form of oppressive debt—to the detriment of themselves and of society.
In taking on such indebtedness, students are only trying to keep pace with the ever-rising cost of a college degree. Over the last 40 years, tuition and fees at U.S. schools have increased almost twelve-fold, far more than food, housing and even medical care.
http://www.globalresearch.ca/are-student-loans-bringing-back-indentured-...
The Government needs to be removed from the business of making or collecting debt.
Just " removed". Fuck em.
... Why can you not discharge your student loans in a bankruptcy filing? Maybe we need more debt slaves to service the 0.1%.
That was changed during Bush The Younger's reign. Back in 2005.
2005... Hmmm ALMOST as if the banks did the projections and knew that this would happen. Got that law change out of the way before the bottom fell out.
Almost like they knew.... Nah.
The 0.1% removed essentially all bankruptcy protection with the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA).
It's as simple as that.
Banks tantalize consumers with credit offers, luring the innocent (perhaps stupid) into debt. Once there was a safety valve--it is gone now.
Funny how our government can be totally, irrevocably, insanely irresponsible, but when a consumer goes into debt, then loses her job because NO jobs are available (and because college tutition has gone to the moon) that person is turned into a serf----------------for life.
A student loan name is a banker slave name.
If I had a student loan my name would be Ignatius X, with a hat-tip to Malcolm.
Go long on extensions to Prisons; add Debtor wings.
Just like the good ol' days of the early Industrial Revolutions, before those pesky Labor Laws and unions dented profits for those special Work Creators and Divine Rights of kings.
Spot on. Neo-feudalism. A King by any other name.
.. "...before those pesky Labor Laws and unions dented profits for those special Work Creators and Divine Rights of kings."
Aren't we lucky that we exported those unsavory conditions to countries that didn't have to suffer those labor law restraints so that we could get a good price on a pair of Nike shoes.
"Buy Nike, Cause Kids Need Jobs Too. "
Texas made the list due to all the California refugees.
"Are there no Prisions...No Work Houses..."
UNLESS they are bankers. Bankers are too big to fail, or to jail, or to lose their licenses. :0)
Absurd. It just puts pressure on people to emigrate.
Yet, the State of CA can give away Billions of dollars on the DREAM act to allow illegal immigrants to go to college.....babhahahbah!!!
All these supposed good intentioned actions, e.g., extending guaranteed loans to college students, by our government sure do seem to lead to a lot of unforseen problems and costs down the road. I'm still divided whether our country's leadership either doesn't think long term or are just plain corrupt. If the former, introducing them to Bastiat's and Hazlitt's writing might help. If the latter, here's hoping there's a hell in the afterlife....
Sorry - tried to Google Bastiat and Hazlitt - huh?
Bastiat will change one's brain chemistry in about 60 pages.
http://fee.org/files/doclib/20121116_TheLaw.pdf
Hazlitt will provide one with corrective vision:
http://fee.org/files/doclib/20121116_EconomicsInOneLesson.pdf
Rothbard will piss one off:
https://mises.org/sites/default/files/What%20Has%20Government%20Done%20t...
Hayek, in Road to Serfdom, will give one insight on how they operate:
http://m.friendfeed-media.com/07672588579eff7a2ec87e0ea053be31c7db0757
Read, think, repeat.
The banksters need to repay us.
Tyranny's Paradox #2: Tyranny is not asserted against people, but the ideas and truths within the people.
++ Way to link, man. :-))
The sad thing is all these student loans do is allow the universities to charge more and give more scholarships to foreign students.
We need to change the Pledge of Allegiance so that the kiddies who are growing up get the proper indoctrination:
I pledge allegiance to the Bank
of the United States of America
And to the fianance for which it stands
One Bank, Indivisible
With no Liberty nor Justice for you.
And while we are at it, we might as well change the flag to a dollar bill with 50 ( or 57 depending on who's counting) all seeing eyes.
Good stuff. We should change the flag to this
http://www.redicecreations.com/specialreports/2005/08aug/redshield05.gif
Notice the two crowned heads under the larger crown without a head. Also notice the two crowned heads are facing both left and right.
The banksters need to repay us.
My turn:
I pledge allegiance to the flag of the tyranny that sends our children to steal and kill
And to the republic that was sold to the banksters
One nation under the god of fiat and Zion
Indivisible, or we'll send Sherman to deal with you
With tyranny, and misery for all.
For those in the know, they are no longer "drivers licenses," but "RealIDs."
And in a cruel joke, the Zionists behind this require that all "RealID" verified state IDs and drivers licenses be marked with a yellow star. Now where have I seen that before...
The banksters need to repay us.
A friend of a friend of mine was kidnapped and caged last year for not having a drivers license when the gun and badge thugs came an extorting. He's a "sovereign citizen," and so tied them all up with motions and requests, including Habeas Corpus and the Unconstitutionality of the "RealID" behind today's licenses, that they just let him go. My friend said that even the judge was a little put back when shown the yellow star on a license.
From what I hear one of his jailers turned ashen when he realized that this guy was sending out lists of names of any and all that he had contact with while being kidnapped and caged, including the janitors--CAAPL list.
Of course next time they will just "disappear" him.
Another anecdote about the "RealID" yellow star.
About six weeks ago my friends and I were discussing and joking about it at dinner. I guy at another table took umbrage with our plentiful use of the words Zion and Jew. Well, really his wife did. We politely told him that, "Were all Jews now, as the Zionists are marking us with yellow stars," and then showed him our starred licenses. He took out his (License you perv.) and looked, then became very interested in our discussion, and no longer objected to our use of those words.
His wife just sat their half horrified at the star on hers and the ensuing conversation.
Another one, maybe two, for the Lightside.
The banksters need to repay us.
I personally love the yellow star on mine, as when people tell me Zionism doesn't exist, I show it to them, and then send them off to search out more about it.
Student loans need to be dischargeable through bankruptcy. It's yet another bankster crime that they aren't. They used to be. In the mid-70s, when inflation got going, the banksters started looking for any way they could take away the advantage inflation gives to borrowers. They shrewdly picked students, and got the presstitutes to write up stories about irresponsible teenagers and dirty hippies ripping off student loan programs. Then in the '80s, when the backlash against Reagan started building, the story changed to wealthy doctors and lawyers blowing off student loans. That's why they're not dischargeable, and subject to bizarre and ruinous penalties.
What's going to happen in this economy is a huge number of people won't be able to pay their loans and you can't get blood from a stone. There will be an impasse. Some of those students shouldn't have gone to college in the first place, but since companies no longer train employees you have to buy and finance your own training now. And hear all the shrieking when anyone moves to close down the fraudulent for-profit diploma mills that accept anyone, load up the loan debt, don't teach anything, and only get rid of students who can't do the work when they can't get loans anymore due to failing grades.
When a few million people, many from middle-class backgrounds, can't pay back their loans, we'll see some sort of WPA program. Teach elementary school for a few years in the worst part of the worst cities, and have your loans discharged. Something like that.
Late in the last election cycle, some Democrats tried to make student loan debt relief an issue. In Minnesota it was Al Franken. His ads gave him away, though. They said absolutely nothing about the cost and relative necessity of a college education. Franken just wanted to use government money to repay...the lenders, of course.
"The Matrix" movies weren't too far off, with their image of humans as living illusory lives, when in reality they were hooked up to energy extraction systems.
I have an employee who is behind in student loan payments. I got a garnishment notice and it stated that if I didn't garnish and send monthly payments, I would be responsible for said payment. Fuck You .gov
Fire him and hire him back under the table. You both save on taxes.
Fuck this system.
lol
Constable: " Do you know why you're being pulled over sir"?
Barber: " Was I speeding officer?"
Constable: " We take a dim view on not renewing barbers licenses in these parts sir."
Barber: "I was on vacation with the In laws, and I'll correct it next week officer."
Constable: " That's no excuse sir, I'll need your license, and here's a list of homeless shelters."
Get Yellen to go up your FAFSA.
So we PO'd retired "folks" by paying them 0.05% on the money they spent 50 years saving so they could supprt themselves in old age. No Biggie. They're too old to cause any trouble.
Hey, here's a Great Idea, let's PO some young "folk" who sweated out 4 to 8 years to get a Higher Education, at the cost of Tens to Hundreds of thousands of Dollars. They'll surely sit back and take it without a Peep.
They're only smart, articulate, with nothing to lose. Especially now that they've had all they've worked for, their entire "short lives" taken away from them.
Let's ruin some more lives. 'Cause these people are Obviously DeadBeats
Really??? Really???
see above post
5954145
And when one of them timothy mcveigh something everyone will still wonder why.
No drivers license? BIG FUCKING DEAL I know a local scumbag who lost his license 15 years ago for DUI. He never bothered to do the DUI school and just kept driving. He has driven every day for 15 years. He was caught twice, paid the fine and kept driving. No jail time, since that would cost the state money.. The car and insurance are in the wifes name. The man makes good money but pisses it away on booze, pot, and cigs. We can learn a lesson from this alcoholic/druggie scumbag. If twenty percent of drivers say " Fuck It " and keep on driving, what can the cops do? How about stopping rush hour traffic for a license check :-)
Our borders are secure. </sarc>
No drivers license? BIG FUCKING DEAL
If you can afford to go to college you probably do not need to go.
If you think you need to borrow money to get smarter you are already far behind the curve.
+ a trillion!
prolly too long for a bumper sticker but should be on (many more than) one..
Think of it instead as channel stuffing the excess population. The excess workforce has to be parked somewhere. The educational system is perfect for the elite: youth, instead of sitting idle and gaining radical ideas, believe they are setting thmselves up a better future. And being charged principal and interest. However at this point it is pretty obvious few of them will actually ever land jobs. They will need to be disposed of in wars the government is trying so very hard to set up.
Arizona (AZ) license needs no renewal until age 65. Get one while you can.
In short, if you fall behind on your debt, The State will take away your ability to meet that debt...
RING-RING!!! Cue the sanctimonious fucks and their choris of "personal responsibliity" and "not taking on debt you can't repay"... ...OH, don't forget "useless degrees", as though every college graduate who can't find a job that pays enough to meet obligations (let alone basic expenses) took a double major of Pottery and Feminist Studies. Meet any engineering grads who can't find jobs because they're mostly taken by H1B's? I sure as hell have.
Life happens: and may the crystal-balls that the scolds consult get shoved up their asses and pounded with sledgehammers-- that'll give 'em a dose of modern reality.
'sound like it be tahm to roll d'geeateens...the reasun fo' which d'wheel wud 'nvented...or go all timothy mcveigh on 'em n'$hit...jus go right up side dey head...
And when one of them timothy mcveigh something everyone will still wonder why.
keep on pay dem loan paymunts suckahs, so d'govvy ca' keep on pay d'EBT...if'n yo' loined ennythin in d'collahg, it be how to keep care of d'old folks, and d'EBT recipents...now, dat be said n' all, I woiks undah d'table but ah steel collects mah EBT...
Gowld Peepses...
for fucks sake people
dont go to college unless you're from money or your parents work in corp america
or you're smart enough to get an electrical engineering degree
How about moving to another state?
Anyone stupid enough to borrow money to be uneducated deserves to have it stuck up their ass and broken off.
Become an illegal.
Choosse a new name (Ponch Villa is taken).
And get a driver's license.
motor votor BABY!
One should pick a truly authentic Mexican name like Carlos Slim or Vincente Fox. Some sick perverted sociopathic asshole who takes naked selfies already took Carlos Danger so sorry I didn't mention that one.
What does this hit piece against poor people have to do with rich people screwing everyone?
Anyway: “cancelling” one person’s liability everywhere and always impairs someone else’s asset because, well, that’s the way math works."
This is nonsense. The US Government owns all the student debt in question; there are no assets involved. It can simply cancel the debts with no consequences to anyone. Consider it a bailout to the overpriced, predatory credential cartel that interposes itself between people and scarce jobs.
"The US Government owns all the student debt in question; there are no assets involved. It can simply cancel the debts with no consequences to anyone. "
Obviously you have been educated but are still ignorant. I and my taxes will be paying for your defaulted loan comrade.
People blame everyone but the schools for their rape.
"I and my taxes will be paying for your defaulted loan comrade."
.gov spent your taxes in the 1980s.
I know what you mean, patriotically paying our taxes for the TRILLION dollar wars around the world is one thing, but paying the money to my and your young relatives school loans because they fell for the "American Dream"....
Well how dumb do they think we are.
( Even if that would mean that they could contribute to our monthly household bills...)
/sarc off kinda
You can do a war for only a trillion dollars? That's very affordable I'll take four of them.
Funny story from the late 90's. Taking the GF to Rosarita Beach MX. for the W/E and decide to rent a car.
I was JR. Bag`O~Cash, at the time, and decided to rent a convertible on the U.S. side of the border.(less headaches)
We procede through the Tijuana taxi turnstile, and sure enough, doing a whopping 35mph downhill, the resident federale' pulls me over.
The local constabulary provided the extortionary envelope, for my convenience. ( My wallet was $20 lighter)
Fake Fake Fake. Elaine From Seinfeld.
Heh. Little by little, the State is making it ever-more difficult to even submit. Then they can shoot you for resisting.
There was a period in Canada when they had free health care, and free college. The country had low debt levels and their industry was competitive. Wealth was being generated in a virtuous cycle.
The now educated young could form families, create wealth though their labor and ability, and then own assets. Owning assets meant owning their homes and having their output vector back to them, rather than away toward a rentier class.
What I'm saying, is that any modern economy has enough productive potential to give everybody who wants, an extensive education. In addition, any modern economy could build enough quality homes for the entire population in short order.
How? Money is demand, and if there is labor and resources available, then that demand will produce. Witness the tremendous output of production during wartime, and said war products are blown up, yet there is still enough surplus left over to leave modern factories and infrastructure in the wake.
The bank of Canada printed debt free money from 38 to 74, and this money went on to build wealth and pay down former debts.
https://www.youtube.com/watch?v=NxD2-lQwYa8
This notion that we don't have enough resources to educate our children, that American's have to import third world labor, yet abort their own children, is a function of a perverse ideology. This perversity is part of Capitalism, and also part of Jewish influence. Remember, the 1965 immigration act was funded and paid for by Jews, especially money power elements. The election of 1912 was a function of money power, with the desire to insert debt means into America. And, this was also funded by our German Jewish Friends.
The bank of Canada mode was overturned in 1974 by bribes and coercion by our international IMF friends, of mixed types, but following the same template.
This idea of having a cohesive society seems to always be overturned by monetary powers at odds with more enlightened elements who desire advanced civilzation.
Here is a utube article of Bill Abrams describing the situation in Canada during this time period:
https://www.youtube.com/watch?v=NxD2-lQwYa8
With regards to productivity, please consider the movie "princes of yen. It will take a couple of hours to watch. But, it shows how the BOJ started toeing the BIS line, and hence is similar to what happened to Bank of Canada. In both cases, Canada and Japan, their economies took a skid.
https://www.youtube.com/watch?v=p5Ac7ap_MAY
In princes of Yen, Japan stayed on a wartime economy and directed credit into productive channels. Japan's economy became so efficient, this tiny island nation threatened to swamp the world with goods.
This notion that we "don't have enough" to fund education is nonsense, and hypnotic suggestion. It is simply a matter of cranking up labor plus machine plus energy to produce whatever we want.
Hitler's Germany went from being poorest country in Europe in 1932, to the richest in 1939, and they built housing for everybody. They used MEFOBILLS to fund armamanets (to hide money channel from West) and this money then fluxed into the general economy.
Stop blaming the victims, buried rents in prices and the way money vectors in our banking lead West, is welfare for the Rich. Worse, it short circuits a virtuous cycle of life. Don't expect the young to be pleasant to oldsters in future, especially if their future is dystopian.
Princes of Yen
https://www.youtube.com/watch?v=p5Ac7ap_MAY
First, Canada had good health care and good college because private citizens won't spend their hard-earned money on shit.
Then Canada had free health care and free college. Provided by the same people working in the same buildings as before, they were still OK, for a while, but they no longer needed to provide real value to get paid.
Now the health care is crap and the college is crap, because government pays for anything that calls itself "health care" or "college". Even if all parties are honest and unselfish, they cannot allocate resources effectively in the absence of price signals.
It's easy to create the illusion of wealth when you're really just consuming capital left by your thrifty forebears. The way the Nazis spent money, they would have been bankrupt and out of power by 1942 if they hadn't started the war when they did.
Reply to Dave:Now the health care is crap and the college is crap, because government pays for anything that calls itself "health care" or "college". Even if all parties are honest and unselfish, they cannot allocate resources effectively in the absence of price signals.
Canada went to crap after the Bank changed. Same goes with Japan.
Money and prices guide human behavior.
During the 60's, the U.S. decided that Sputnik was a challenge, and they ramped up their school systems. As soon as kids got out of college, they could find jobs. Why? Because Kennedy had issued silver certificates, and other debt means had channeled into industry and schools.
With regards to the Nazis, they built out roads, schools, houses. There was some risk of inflation.
The lesson: You can direct money at production until it starts inflation. At that point you back off.
In the case of today's U.S. we are in a balance sheet recession. That means that any new money would disappear into banker ledger. In other words it would drain into nothingness. It would not be inflationary.
When kids take out loans to go to college, that credit money joins the economy for a time, but then is drawn out later. In a way it is bringing the future to today, and then puts the future in hock.
Not a smart way to run an advanced civilization. The money system predicates outputs - this should be very clear to everybody.
"You can direct money at production until it starts inflation. At that point you back off."
People made major life changes to work in the industries you were spraying someone else's money at. Now you tell them, "Sorry guys, time to go beg for your old jobs back" ?
The smart way to run an advanced civilization is to let it run itself. Uphold the law, defend the borders, and people will work out their own problems. When you stop tampering with the money supply, speculators will pack their bags and go look for some other country to swindle.
This also means repealing all laws against discrimination. If it's illegal to "discriminate" in who you lend money to, you'd better just keep it under your mattress.
so how the fuck is someone supposed to work and make money if they can't drive or cut hair?
makes no sense whatsoever.
Any time I'm in the US, I just drive on my foreign license. I have been pulled over twice and both times they decided to make it a "warning" because it was just too much of a hassle for them to deal with. Sure I have a US license, but why use it when I have something better? Even if they get pissed and gank it or suspend it, I can just get a new one without problem anyways. Two entirely different identities as well... so good luck tying them together, and good luck with any of that holding up in court if you try.
I use my German license in the USA. I got pulled over in Utah in the middle of nowhere cruising at 95 mph which is even slow here in Germany. The State trooper said, this is not Germany and looked at my license and said they would be sending ticket to Germany. I had to bite my tongue from laughing and said '';Okay , officer'' and as soon as he drove off , I ripped up the ticket and went on my merry way. I bet German police had a good laugh also./ Never heard anything from it again.
Tickets don't get sent overseas, cops tend to be rather dumb when it comes to anything more complicated than shoving a thumb up their own ass. Cop got back to the station to file the report, got to a line or two that couldn't be filled out without filling out a stack of other forms and then just said fuck it and quit.
First off, the headline is incredibly insidious and careless. Almost across the board the alleged statues stipulating a “loss of license” is not referring to drivers’ licenses, but professional licenses (which obviously isn’t good either, but very unclear from the headline).
The list cited is here: http://www.jwj.org/wp-content/uploads/2015/02/State-Laws-and-Statutes-That-Suspend-Professional-Licenses-and-Certificates.pdf
I spot-checked two states: California and Iowa. After doing so, it is clear that Bloomberg—who started the story— did not actually read the statutes, but parroted the headline from “jwj.org". In fact, some of the links cited are not even links to state statutes, but professional organizations.
California:
California’s statute makes no mention of revoking licenses due to debt. It does however retain the right to deny a license to an individual already in default. The statute read as follows on the matter:
685. (a) (1) A board may cite and fine a currently licensed health
care practitioner if he or she is in default on a United States
Department of Health and Human Services education loan, including a
Health Education Assistance Loan.
(2) Each board that issues citations and imposes fines shall
retain the money from these fines for deposit into its appropriate
fund.
(b) The board may deny a license to an applicant to be a health
care practitioner or deny renewal of a license if he or she is in
default on a United States Department of Health and Human Services
education loan, including a Health Education Assistance Loan, until
the default is cleared or until the applicant or licensee has made
satisfactory repayment arrangements.
Iowa:
Iowa was listed as a state that would revoke drivers’ licenses. However, the cited material does not even like to a state website or state publication. Furthermore, the sources linked to make literally no mention of license revocation.
This is another example of Bloomberg and Zero Hedge having virtually no journalistic standards. They’re 0 for 2 so far and I don’t plan to verify the rest.
A student loan is intended to help out students pay for college tuition, books, order essay online expense and living operating cost. It may be different from further types of loans in that the notice rate may be considerably lower and the refund schedule may be delayed as the student is at rest in school.