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Elizabeth Warren Needs You To Help Her "Blow Debt Free College Wide Open"

Tyler Durden's picture




 

In “Cancel All Student Debt — The Petitions Begin,” we outlined The White House’s plan to explore “new bankruptcy options” for former students who, by virtue of an anemic US economic “recovery” or by virtue of their having majored in a subject that was exceedingly unlikely to land them a good job in any economy, find themselves in dire financial straits. On the heels of that, the calls began for the government to simply “cancel” the country’s $1.3 trillion student debt pile. Here, in what is a classic passage, is how we assessed the situation:

Sure, why not: leaving aside the very touchy topic of personal responsibility and accountability, in a world in which record debt is merely "replaced" by even more debt, and in which profits are privatized but losses are always socialized with taxpayers and future generations bearing the brunt in the form of a record $18.2 trillion in public debt (and some $7 trillion more if one adds the government-backed GSEs which one should), why not go ahead and "cancel" the debt. And don't bother trying to explain the simple math that debt is never cancelled, as every liability is someone's asset, and that asset holder will demand to be made whole in the form of more debt elsewhere or else, like Hank Paulson in 2008, it will scream mutual assured destruction and threaten to blow up the world unless bailed out.

Since then we’ve gone on to elaborate on the math behind underreported delinquency rates and taken an in-depth look at IBR, the “dirty little secret” that could end up costing taxpayers billions over time. 

Finally, we highlighted a plan by Presidential candidate Bernie Sanders which would tax stock trades in order to make college free for everyone.

In the (perhaps misguided) spirit of free college for all we bring you the following from Senator Elizabeth Warren who wants you to “stand with her” to make “debt-free college” a reality.

Stand with Elizabeth Warren: Support debt-free college


Join Campaign For America's Future and support Brian Schatz, Elizabeth Warren, Raul Grijalva, Keith Ellison, and other progressive leaders in Congress to get the debt out of college. These progressive champions are launching a new resolution to build support for debt-free college:

 

"Resolved, that Congress supports efforts to ensure that, through a combination of efforts, all students have access to debt-free higher education, defined to mean having no debt upon graduation from all public institutions of higher education."

 

Our goal is simple: Get Congress on record in support of debt-free college and spark a movement to make it a reality. This resolution can be the start of something big -- but we need your support to blow it wide open. Are you with us?

*  *  *
Anyone who has ever dreamed of "blowing something wide open" with Elizabeth Warren can do so by clicking here.
 

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Thu, 05/28/2015 - 22:33 | 6142354 ZippyBananaPants
ZippyBananaPants's picture

If someone wants to blow something, I'm in!

Thu, 05/28/2015 - 22:52 | 6142426 remain calm
remain calm's picture

We are doomed. What kind of ass holes vote an Elizabeth Warren into office? Look dumb fuck voters of the USSA, someone voted that dumb cunt into office so she could promote these dumb fucking ideas. You get what you deserve and you can only thank yourselfs. This will only resolve with a crisis and then a revolution.

Thu, 05/28/2015 - 23:06 | 6142477 Stackers
Stackers's picture

Hey Beth, the program is already up and running for decades now.

It's called .... Get A Job.

Thu, 05/28/2015 - 23:34 | 6142542 James_Cole
James_Cole's picture

Free education? Fuck that, dump a few more trill into that sandpit ISIS / Cartoon group whatever the fuck US&A enemy du jour. I hear it's been workin' real great for the past fifteen years. 

Thu, 05/28/2015 - 23:48 | 6142568 MiguelitoRaton
MiguelitoRaton's picture

Some of that student debt went to pay her outrageous salary as a professor. Shall we assume she will pay all of that Daley back with interest to do her part?

Thu, 05/28/2015 - 23:56 | 6142585 vie
vie's picture

Yes.  The problem is not enough people going to college...  We need more people going to college, so they can work as bar tenders and pizza delivery men.

Fri, 05/29/2015 - 00:15 | 6142633 Gobbler
Gobbler's picture

Elizabeth is my baby.  She's the only politician I know--except Bernie Sanders--who despises Wall Street.  You want to see bankers put in jail?  Then vote for her.  Elizabeth for President.

Fri, 05/29/2015 - 00:34 | 6142674 MonetaryApostate
MonetaryApostate's picture

Nothing is free, NOTHING.

Fri, 05/29/2015 - 02:23 | 6142804 jbvtme
jbvtme's picture

a free ride for the future know-it-all collectivist bureaucrats who will micromanage every detail of your socialized lives.  need to come in out of the rain?  "we have an app for that"...

Fri, 05/29/2015 - 06:01 | 6142955 Silver Bul
Silver Bul's picture

I have always thought that education was one of the next big bubbles, but was wondering what might push it into the stratosphere. That next level which bubbles always fall from, I think this will do.  I don’t think I will have to save much for my 2 year old daughter to send her to collage, it will pop by then. 

Go Liz, the only way we can prove this socialist BS wrong is to cause our system to break and crash!!!  More free stuff with no way to pay for it please.

Fri, 05/29/2015 - 06:51 | 6143003 Vagabond
Vagabond's picture

We already have mostly free education, it's called the Internet.  Get into the 21st century Elizabeth... college degrees are nothing but a piece of paper.

Fri, 05/29/2015 - 08:12 | 6143192 Georgia_Boy
Georgia_Boy's picture

"Our goal is simple: Get Congress on record in support of debt-free college and spark a movement to make it a reality. This resolution can be the start of something big -- but we need your support to blow it wide open. Are you with us?"

My response also is simple: What are you going to do to about the out of control costs?

Fri, 05/29/2015 - 08:50 | 6143281 Took Red Pill
Took Red Pill's picture

George Carlin says it best.  Here he is on education and politicians;

https://www.youtube.com/watch?v=hYIC0eZYEtI

 

Fri, 05/29/2015 - 11:39 | 6143897 yellowsub
yellowsub's picture

Yeah well, obviously the majority has taken his political rants during his stand up as nothing more than entertainment value.  

 

Fri, 05/29/2015 - 05:10 | 6142903 Omen IV
Omen IV's picture

The bankers got a - get out of Jail Card..... free

Fri, 05/29/2015 - 01:16 | 6142739 thamnosma
thamnosma's picture

You Marxists suck even more than those bankers. Hell, you can't even get laid at Komsomol camp.

Fri, 05/29/2015 - 07:34 | 6143008 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

You are clueless as to what Marxism is. But so is miss Warren, for that matter.

The essence of progressive politics is to represent the underprivileged of society - the voices which go unappreciated, undetected and unheard. That description only rarely applies to privileged, upper-middle class white people such as you, I, or Elizabeth Warren.

What passes as progressive in American politics often is puzzling. The two presidential candidates of the Democratic Party are both representative of white privilege and class privilege combined, and simply do not have the credibility an increasingly diverse society as America needs.

Fri, 05/29/2015 - 07:48 | 6143122 overmedicatedun...
overmedicatedundersexed's picture

eirik, do you live in USA? I work with blacks, gays ,lesbians,straits, whites poor and rich, i work with elderly, professionals and blue collar folks. I helped build a business that employed the underprivileged and gave them the means to pay for their life styles choices. I live in the USA. and our most progessive cities that are shit holes, like baltimore, where blacks kill each other at historic levels..are the result of your ideas, people like you have taken power here and  this country is failing on every level the progessives have gained power, education, economy,race relations are all failing..

what have you done in your country? besides satisfy your lust for black pussy?

Fri, 05/29/2015 - 11:17 | 6143819 Untelevised_rev...
Untelevised_revolution's picture

Your idiot racist rant is telling, and shows you a) know little, and b) have bought hook, line, and sinker the mainstream narrative of morally upstanding, fiscally disciplined Republicans vs. multiculti "leftist" Democrats. The ENTIRE mainstream spectrum is dominated by the PARTY OF WALL STREET, if you can get that through your skull. This bullshit game of identity politics from the Democratic establishment, and the racist, reactionary horseshit from the Republicans BOTH have to go if we're going to move forward as a society, and we need to have our enemy clear, ie corporate, financial crony-capitalist interests. 

Fri, 05/29/2015 - 02:30 | 6142810 SilverFish
SilverFish's picture

You dum dum. I don't know who is worse..........these fools that talk about a world where everything is free and nobody demands payment for the work they do, or the fools who follow them.

 

Bernie Sanders??? The guy who thinks it's bad that there are 29 different kinds of deodorant available, when there are starving children in the US, as if lowering the varieties of deodorant would somehow shift more money towards food for hungry people? The guy has no fucking clue what he's talking about. It's like he sees a problem for what it is, then turns around and calls for more of the same thing that caused the problem in the first place.

 

What Warren and Sanders need to realize, is that although Wall Street is corrupt and able to fleece the taxpayer so easily, it's only because the government set the game up to allow them to do it.

Fri, 05/29/2015 - 02:54 | 6142825 James_Cole
James_Cole's picture

What Warren and Sanders need to realize, is that although Wall Street is corrupt and able to fleece the taxpayer so easily, it's only because the government set the game up to allow them to do it.

Newsflash, wall street = government in the US. 

It's the same shit in any banana republic / 3rd world country - governments are controlled by the elite families. When the government is not controlled by a small group of concentrated financial interests it tends to work better for the people. See: history. 

Fri, 05/29/2015 - 03:54 | 6142861 SilverFish
SilverFish's picture

It still goes back to government having the power to make the rules you live by in the first place. As long as that exists, the uber wealthy will always find a way to get what they want, either by completely taking it over directly, or just by paying off the elected officials and watching from the sidelines. Either case......they get what they want.

When the legislators set the rules for buying and selling, the first thing to be bought and sold are the legislators.

Fri, 05/29/2015 - 04:26 | 6142884 James_Cole
James_Cole's picture

It still goes back to government having the power to make the rules you live by in the first place.

You're missing my point. Would you really call the assad family a 'government' in the sense that the US has a 'government'? Yet all economy flows through them and their 'rules.' Uzbekistan has a problem with government regulations or autocratic ruling elite + allied business interests? 

Whatever group has concentrated economic power writes the 'rules' everywhere in the world, only bulwark against this is a equilibrium power on the other side (i.e. government by the people). 

When the legislators set the rules for buying and selling, the first thing to be bought and sold are the legislators.

The TPP is being written by (un-elected non-government) corporate lobbyists, as a lot of law seems to be. Legislators get to vote up or down depending on how much cash has been stuffed in their pockets but they don't write the laws. In other countries with this issue it's more explicit, the legislators being entirely symbolic - the rulers do what they want all the time. In the US it's just most of the time.  

Fri, 05/29/2015 - 08:01 | 6143162 mtl4
mtl4's picture

She is the biggest darn marxist going and the whole bankers in jail thing is just a complete smokescreen for her agenda........Elizabeth, you need to stimulate small business, not just transfer student debt onto the .gov books.

Fri, 05/29/2015 - 08:03 | 6143170 Ward cleaver
Ward cleaver's picture

LMFAO, yeah free education to go with our new free shit credo financed by the non stop printing machine. How these assholes think more kids going to college helps is incredible. My future daughter in law just had her wedding dress altered, cost $900. I had my stairs repaired by a bricklayer, cost $3,500. Why don't kids look to trades other than college? Oh yeah, they're all going to write a killer app or start a hedge fund and become zillionaires without working. Lord I'm glad I'm 60 and not 20.

Thu, 05/28/2015 - 23:23 | 6142491 Ignatius
Ignatius's picture

Yes, let's not divert funds from the critically important, trillion dollar War on Terror.  Who will put their hands down my pants at the airport if not a well funded TSA?  Who will listen and record all my calls and transactions, but a fully funded NSA?  Is $50 billion/yr really enough for the CIA to stop all the shoe and underwear bombers?  And the military?  Personally speaking, I'm not done bombing and droning Iraq, Afghanistan, Libya and Syria, not as long as building or a peasant is still standing.  Who will stand with Israel and their extermination of the Palestinians if not a well funded Old Glory?

I say, kick out the last wobbly leg of an affordable education and upward mobility.  Hey, the Chinese need jobs too, so we may as well send the rest of what's left of our manufacturing jobs to Asia, as our rulers would most definately approve.

 

Thu, 05/28/2015 - 23:56 | 6142574 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

Remain Calm is getting down votes from people that want you and me to pay their loans. No thanks! Pay your own damn loan! Nobody forced you to take the money. YOU SIGNED THE DAMN CONTRACT! PAY UP! Oh, got excited there. Gotta remain calm. Ohmmmmmmmmmm

Fri, 05/29/2015 - 07:20 | 6143054 Kiwi Pete
Kiwi Pete's picture

You didn't mind borrowing for the entire cost of the Iraq war. So why don't you pay that back?

Fri, 05/29/2015 - 01:56 | 6142776 ThroxxOfVron
ThroxxOfVron's picture

Grandma has a cookie for you!

-Just don't ask who she stole it from!

Fri, 05/29/2015 - 03:23 | 6142843 StychoKiller
StychoKiller's picture

Meh, it would work, but ONLY if Professors and Administrators teach/administrate for FREE! :>D

Fri, 05/29/2015 - 07:34 | 6143086 newdoobie
newdoobie's picture

TANSTAAFL

Thu, 05/28/2015 - 22:33 | 6142356 rubiconsolutions
rubiconsolutions's picture

Hey Liz..who pays for all this? Just curious because the last time I looked outside there was no money growing on my trees.

Thu, 05/28/2015 - 22:37 | 6142375 Freddie
Freddie's picture

They don't care.  Colleges are the biggest scam.   Their buddies are all tenured professors.  College is the new new welfare.   The stuff that goes on in govt research grants wastes hundreds of billions.  The public has no idea.  This is at all colleges including premier research insitutions.   Much of the research is garbage but this is easily solved as they are endlessly churning out new grant requests for something else.

It is criminal what goes. on.

Thu, 05/28/2015 - 22:47 | 6142414 Buckaroo Banzai
Buckaroo Banzai's picture

College has grown into a world-class scam. Here's a scathing indictment of NYU-- published by annoyed members of NYU's own faculty!-- about what a swindle that University has turned into. Of course, as the saying goes, "you can't con an honest man", and in this case, the marks (students and their parents) are completely deluded and probably deserve what they get.

“A real estate development/management business with a predatory higher-education side venture.”

Angry Faculty Savage New York University

Fri, 05/29/2015 - 01:10 | 6142730 thamnosma
thamnosma's picture

Thanks for that! Got my BFA from that place. Later in life I worked for a college in California I described in almost those exact words. Probably applies to many of them.

Fri, 05/29/2015 - 09:12 | 6143339 fallout11
fallout11's picture

Also, consider the perverse incentivization at work with Warren's suggestion:
When everyone has a free college degree, what exactly will be the value of said degree?
Value largely derives from scarcity (and utility, but we'll skip that part for now). This will make a degree as useless as a high school diploma.
America does not need more college educated fry cooks, cashiers, bartenders, coffee pullers, waitresses, or store clerks..... 

http://www.zerohedge.com/news/2015-05-28/what-happens-when-millennial-tr...
"College degrees (even graduate degrees) have become so commonplace (thanks in part to the proliferation of student loans) that they are no longer sufficient in and of themselves to guarantee their holders will find good jobs." - Newsweek Magazine

Fri, 05/29/2015 - 09:10 | 6143312 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

A lot of Universities are also nothing more than public sector tentacles of DARPA so they operate just like a government agency since the money flows nonstop for most research projects regardless of merit. AT least the original intent was firewall R&D from the real economy with the payoff down the road after the students working on the R&D implemented it in the real world. Universities got greedy and pocketed the subsidies and loaded up the cost of doing business on the students. Now add in the fact humanities including psychology was monopolized by certain agencies (the second the propaganda matrix and devolution became prioritized over evolution) from tech you see the schism in real time and real world happening before everyone's eyes in what one calls the 'economy'. Delusion is not education and institutions feed delusion.

MIC complex is probably the biggest subsidizer of 'public' education.

The minute they removed the firewall between fantasy land and reality putting the all seeing Ai(eye) in charge of everything all the current problems started from education right down to the 'real' economy. At least prior you could localize and isolate problems like these when they started to happen.

Fri, 05/29/2015 - 09:40 | 6143451 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Since people around here want to hang banksters by lamposts, don't forget to also include whole entire humanities departments at these universities. The linguists, cognitive behaviorists, psychologists along with the computer science departments are some of the biggest collaborators in the devolution of humanity through their direct contributions to the propaganda matrix.

Thu, 05/28/2015 - 22:44 | 6142404 WOAR
WOAR's picture

Pay for what? If the education isn't providing a purpose (i.e. getting you a job, that requires qualified personel), then it is essentially worthless.

Simply stop paying the schools for tuition, period, and shut them down.

The forced scarcity of degrees afterwards will cause Bachelor's/Associate's degrees to become worth something again.

Fri, 05/29/2015 - 03:20 | 6142839 Achilles Heel
Achilles Heel's picture

Beer Pong is expensive

Fri, 05/29/2015 - 03:29 | 6142849 StychoKiller
StychoKiller's picture

Speaking from experience are ya?

Thu, 05/28/2015 - 22:46 | 6142412 fascismlover
fascismlover's picture

What happened to this woman?  Is this how fast people are corrupted there?  She used to be a person.  Now she is just like any other automaton there.  I didn't doubt it would happen but I am surprised at how fast it happened...this is just the latest example.  I am guessing the real Liz is in the witness protection program somewhere or worse.   

Thu, 05/28/2015 - 22:53 | 6142428 Buckaroo Banzai
Buckaroo Banzai's picture

She was never a "person", she's always been a lying sack of shit, you just didn't realize it until now. She was a lying sack of shit the day she claimed she was American Indian to help her get into college. Princess Lie-awatha, Princess Faux-cahantas... she can go fuck herself. I would have had more respect for her if she just came out and said, "Sure, I lied about being an Indian-- so what? What's wrong with taking advantage of racist admission policies? Fuck 'em if they can't take a joke!" But no, she denied everything. Fuck her and the birchbark canoe she paddled in on.

Thu, 05/28/2015 - 23:55 | 6142580 fascismlover
fascismlover's picture

You are correct but I did agree with some of what she said at one time.  That time is no more.  I guess if you start from the very beginning of a person and do not ignore those things, no matter the current message, it was pretty much inevitable where we are now with her.  Her and every other lying pos in any position of power today (or in any day).  Evil bubbles up..always.

Fri, 05/29/2015 - 01:19 | 6142743 thamnosma
thamnosma's picture

Just because someone hates bankers doesn't make them your friend. Communists are dangerous lying fucks.

Thu, 05/28/2015 - 22:36 | 6142368 buzzsaw99
buzzsaw99's picture

moar free shit, YAY!

Thu, 05/28/2015 - 22:40 | 6142390 Freddie
Freddie's picture

Fix a wrecked economy and no jobs for kids, caused by big govt and endless corruption, with more big govt. 

Thu, 05/28/2015 - 22:38 | 6142382 stormsailor
stormsailor's picture

yeah, let everybody go to college free 7 years after i paid for my last childs college education.  god damn my fucking luck.  

Thu, 05/28/2015 - 23:10 | 6142492 Miffed Microbio...
Miffed Microbiologist's picture

I hear you. My eldest just paid off her loans after 3 years of very hard work and living very frugally. Part of me is proud but I do feel I have raised a kid to be responsible in a world where this is no advantage and, in some cases, personally detrimental.

We instilled the idea of debt as slavery to our kids. To be avoided if possible but if needed, used properly and responsibly. Sound advice in a sane world but now? I really don't know if I did the right thing anymore.

Miffed;-)

Thu, 05/28/2015 - 23:32 | 6142534 stormsailor
stormsailor's picture

know your thoughts very well, i raised my children as an eagle scout, citadel grad, navy officer.  do not lie,cheat,steal, nor tolerate those that do.  work hard, study hard, stand on your own feet. you are the captain of your ship and your hand guides the tiller, etc. etc. etc.

 

but i sometimes think i have hobbled them in the world we now live.

 

they pay and everyone else skates along for nothing and i sometimes feel anxiety about how i raised them, and what i put into them.

Thu, 05/28/2015 - 23:37 | 6142548 you enjoy myself
you enjoy myself's picture

unforunately, you know its coming.  there's a reason the feds hijacked the student loan market from private industry.

Fri, 05/29/2015 - 02:02 | 6142784 ThroxxOfVron
ThroxxOfVron's picture

"yeah, let everybody go to college free 7 years after i paid for my last childs college education.  "

 

I think the fact that you actually came up with the money to pay for college has been duly noted by Mx Warren.  

See: Liz needs votes -and you are good at paying for stuff other people need!

Thu, 05/28/2015 - 22:40 | 6142389 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

We are truly going full retard.

But, hey, what's a few more trillion..??

The numbers are so mind-bogglingly big that I can almost understand (not forgive) the average American's apathy towards our exponentially-rising national debt numbers.

Thu, 05/28/2015 - 22:42 | 6142394 pragmatic hobo
pragmatic hobo's picture

education should be free for all.

Thu, 05/28/2015 - 22:46 | 6142411 Seek_Truth
Seek_Truth's picture

It is.

Real education, that is.

Fri, 05/29/2015 - 09:17 | 6143371 fallout11
fallout11's picture

"There's more to learning, than schooling." - Mark Twain

Thu, 05/28/2015 - 22:57 | 6142454 RabbitOne
RabbitOne's picture

O.K. Here are the 9 lessons you need to be educated...

Number 9 - Death is the number 1 killer in the world,,,

Number 8 - Life is sexually transmitted,,,

Number 7 - Good health is merely the slowest possible rate at which one can die,,,

Number 6 - Men have two emotions: hungry and horny, and they can't tell them apart. If you see a gleam in his eyes, make him a sandwich,,,

Number 5 - Give a person a fish and you feed them for a day. Teach a person to use the Internet and they won't bother you for weeks, months, maybe years,,,

Number 4 - Health nuts are going to feel stupid someday, lying in the hospital, dying of nothing,,,

Number 3 - All of us could take a lesson from the weather. It pays no attention to criticism,,,

Number 2 - In the 60's, people took acid to make the world weird. Now the world is weird, and people take Prozac to make it normal,,,

Number 1 - Life is like a jar of jalapeno peppers. What you do today might burn your ass tomorrow,,,


Fri, 05/29/2015 - 09:35 | 6143433 deimos178
deimos178's picture

stealing #5

Fri, 05/29/2015 - 00:23 | 6142642 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

"education should be free for all."

AND everyone has the RIGHT to buy a home. How did THAT work out? LoL!

Fri, 05/29/2015 - 03:53 | 6142860 Oldwood
Oldwood's picture

 Please refer to the quality of our existing "free" education and then explain to me how doing the same for colleges will improve anything except self esteem issues for some people. We don't need more college degrees, we need more intelligent and motivated citizens. Nothing free ever has much value for long. People need to stop worrying about dollars and k more in terms of sense. We are awash in "free" money and it is eroding the values that created our prosperity. 

Fri, 05/29/2015 - 09:18 | 6143374 all-priced-in
all-priced-in's picture

Free?

 

Don't you mean - paid for by someone else?

 

No such thing as a free lunch.

 

Thu, 05/28/2015 - 22:44 | 6142401 essence
essence's picture

Be very afraid, "free college" without addressing the unrealistically high cost is a prescription for disaster.  Can you say Obamacare.

Warren & Bernie Sanders seem somewhat honest,seem to mean well, it's just that they are as dangerous as leaving a child alone with matches.

 

 

Thu, 05/28/2015 - 22:55 | 6142443 Buckaroo Banzai
Buckaroo Banzai's picture

Warren?? Honest?? You understand there is a reason they call her the Princess Lie-awatha, right?

Thu, 05/28/2015 - 23:07 | 6142480 essence
essence's picture

I didn't get bent out of shape about her lie to get a Harvard teaching position.
What was disturbing was her backpeddling and obstruction concerning a possible Fed audit.

It's like that photo of Rand Paul at the wailing wall wearing the little black benie. It shouts compromised.

Thu, 05/28/2015 - 23:31 | 6142531 Miffed Microbio...
Miffed Microbiologist's picture

Generally if someone lies about something to gain access, it's safe to say they will continue on that path in life. It really comes down to character.

When I went to college 5 pre med students were expelled because they broke into the professor's office and stole the Organic Chemistry final. A couple were kids of a wealthy families who gave generously to the university. The point was made this was unacceptable behavior for a future Dr even though the idea of losing their career over a cheating seemed unduly harsh to some. I agreed with my university. I'm not sure if this would be true today. Education has been bought and sold to the highest bidder.

Miffed

Thu, 05/28/2015 - 22:45 | 6142410 buzzy_the_pirate_dog
buzzy_the_pirate_dog's picture

Fuck it.  Everything Free.

Thu, 05/28/2015 - 22:51 | 6142431 Usurious
Usurious's picture

interest free credit and debt free money..........lets take our monetary system back from the joos...........FUCK USURY

Thu, 05/28/2015 - 23:45 | 6142562 you enjoy myself
you enjoy myself's picture

i really wish a candidate would faux pitch this idea so as to show, via reductio ad absurdum, how dangerous fed printing is.  "my plan would eliminate taxes altogether.  we can fund everything through quantitative easing."

Thu, 05/28/2015 - 23:56 | 6142588 JuliaS
JuliaS's picture

Just yesterday I was riding on a bus and 2 people next to me were discussing bank fees. At a bus stop I see a guy sneaking in through the back door to avoid paying the fare. He sits next to the couple and jumps right in with the discussion on how paying for things is totally unfair. The guy looked like he was in his early 30's with baseball cap worn sideways.

I guess that's what all the cool kids are into nowdays. Free shit!

Thu, 05/28/2015 - 22:52 | 6142415 Bill of Rights
Bill of Rights's picture

Hey Warren can you pay off my house for me too? Oh and by the way, you pricks cancel those debts each and every person involved better receive a 1099C.

Thu, 05/28/2015 - 23:57 | 6142590 dondonsurvelo
dondonsurvelo's picture

I think you have found the reason for the debt cancellation movement.  Right now the government does not receive much money from students in debt.  By cancelling their debt to the lenders and banks, the students will be forced to take on a new debt which will be a federal and state tax debt incurred when the 1099 is issued.  Nice way to increase tax revenue on non taxpayers.

Thu, 05/28/2015 - 22:48 | 6142421 thegazzman
thegazzman's picture

as per usual, more people are demanding more of your shit so they can do what they want with it

 

Thu, 05/28/2015 - 22:57 | 6142449 PGR88
PGR88's picture

The Free Shit Army is prepared to march.

Thu, 05/28/2015 - 23:03 | 6142468 Tsar Pointless
Tsar Pointless's picture

Really? I know corporations are people, but I didn't know they could physically move.

Learn something new everyday.

Thu, 05/28/2015 - 22:57 | 6142450 Atomizer
Atomizer's picture

Elizabeth, we don't know about the Treaty law of TPP. Get us a copy. Much of this reminds me of teachers union initiating higher teaching pay to indoctrinate new students. 

Get the report so we can see it. 

Thu, 05/28/2015 - 23:05 | 6142472 Budnacho
Budnacho's picture

I shot my wad arguing 5 stories ago....

But "free" College...

yeah....

Why does all this free shit cost so much?

 

Thu, 05/28/2015 - 23:17 | 6142494 A_latvian
A_latvian's picture

My response to the "X should be free!" argument:

"Free College? What? We shouldn't pay teachers? Janitors should all go without paychecks? All those lab assistants shouldn't make minimum wage? Why are you so heartless!? Why don't you think teachers should be paid a living wage?"

Even better is when they say "College in Norway is Free!" I say "Teachers in Norway don't get paid!? That's horrible!"

s/teachers/doctors/g

s/teachers/police/g

Fri, 05/29/2015 - 00:00 | 6142598 JuliaS
JuliaS's picture

Excellent point! Force the faculty and admin staff to work for free... oh, and don't forget to provide free utilities and give a Vatican-like propery tax exemption.

But... but how will the governemnt sustain itself without the tax?

Make them work for free also!

If that's the plan, then I'm all for free college.

Otherwise, fuck you Lizzy!

Thu, 05/28/2015 - 23:20 | 6142511 VW Nerd
VW Nerd's picture

I was on the debt free college plan.  Lived at home and earned my AA degree and lower division courses then worked my way through my upper division core and elective courses.  Took 10 years, but avoided borrowing a dime or taking ANY grants.  If any of these career pols need me to explain how this is done, I'd gladly present  it to them slowly, in simple language, to help them get their minds around the concept

Thu, 05/28/2015 - 23:21 | 6142512 Buster Cherry
Buster Cherry's picture

Elizabeth, look me up when blow jobs are free.

 

Elizabeth, I think you are wrong.

Thu, 05/28/2015 - 23:37 | 6142550 shovelhead
shovelhead's picture

Free college for students.

Not free for taxpayers.

Not part of the conversation, Lizzie?

I thought not.

Thu, 05/28/2015 - 23:39 | 6142552 agNau
agNau's picture

The system depends on ever increasing debt.
When the economy fails, the government takes over.

The economy has failed.

None. I repeat, None of these lying whores is in your corner. None.

They will continue to pit us one against the other.

Thu, 05/28/2015 - 23:56 | 6142584 adr
adr's picture

If today's deadbeat kids get their debt cancelled, I want my $35k I paid over the last ten years back.

Fuck you you lying cunt. She plays the populist to get elected and gain the support of the idiots in the NE. In private she sucks Blankfein's cock helping him do "God's Work".

Fri, 05/29/2015 - 06:09 | 6142961 Baby Eating Dingo22
Baby Eating Dingo22's picture

got video?

Fri, 05/29/2015 - 00:09 | 6142616 q99x2
q99x2's picture

YeeeeeeeeeHaaaaaaaaa! Up my FAFSA, and I ain't paying nobody back ever.

Fri, 05/29/2015 - 00:11 | 6142622 Robert3620
Robert3620's picture

Get your money for nothing and your checks for free. Who knew Dire Straits was cutting a campaign song, truly ahead of their times.

Fri, 05/29/2015 - 00:28 | 6142659 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture
"Blow Debt Free College Wide Open"

Just gonna push the price of PM's a little higher when it all comes down. Bring it on Liz!

 

 

 

Fri, 05/29/2015 - 00:47 | 6142699 enloe creek
enloe creek's picture

I think it is an outstanding idea. If it is free there will be huge demand for supplies and buildings and furniture and equipment. Lots of high end teaching equipment. Lab supplies and skilled technicians go maintain stuff, regular maintainence people like electricians and plumbers and food service people.  This could be the answer to everything. All those jobs paid for with borrowed Money. Hell think of the std clinics they will have to open when every fool goes to college he is going to have multiple young women to satisfy.  Should be good for some interesting voyeur can stuff I bet.  Win win win go Elizabeth 

 

 

Fri, 05/29/2015 - 01:24 | 6142750 patb
patb's picture

perhaps the interest rates should be more reasonable or make debt subject to bankruptcy

Fri, 05/29/2015 - 01:53 | 6142773 bigkahuna
bigkahuna's picture

get lost - what tribe did you belong to? Oh, the lost tribe - thats right.

Fri, 05/29/2015 - 02:40 | 6142818 Debugas
Debugas's picture

advice for Elizabeth  if you want debt-free college then start yourself teaching children for free

 

Fri, 05/29/2015 - 06:17 | 6142972 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

In 2009, she made appx  $350,000 from her teaching gig at Harvard alone.

Her husband is estimated to have an independent net worth between $1-5mln as a tenured Harvard professor. 

I smell a conflict of interest...

Of course they want to make college free! Look at what student loans have done to tuition inflation. Imagine what would happen if the government was picking up the entire tab? Of course Harvard is private and would not be included, but I sense the rising tide will lift all boats in this situation. 

Fri, 05/29/2015 - 06:32 | 6142981 Benjamin123
Benjamin123's picture

What an absolutely meaningnless comment. So typical of ZH... "Hey Elizabeth, Obama, Draghi why dont you bla bla" as if they are even listening. As if it would make a difference if they did. As if Elizabeth Warren teaching for free would have any bearing for or against national free college education.

Fri, 05/29/2015 - 03:22 | 6142842 John_Coltrane
John_Coltrane's picture

Well, Liz, here's some information.  Free = 0 = Worth Nothing.  Hence, free education, like free health care etc. is worth nothing.  And since its worth nothing by definition, those educators, health care providers etc. should be paid nothing.

That's why markets and supply and demand determine prices and worth for EVERYTHING, not central planners Miss LiaWartha!    Her advanced degree is a best argument against more higher education.  We obviously need less subsidies and less of it!

Fri, 05/29/2015 - 08:03 | 6143168 d edwards
d edwards's picture

she's aka Princess Running Mouth by Native Americans.

Fri, 05/29/2015 - 20:15 | 6145667 MeelionDollerBogus
MeelionDollerBogus's picture

Well, no.

The free information all over the Internet about what's really going on, fraud, how to build things, application code, is some of the highest quality ever produced by civilization.

Fri, 05/29/2015 - 03:31 | 6142851 SilvertonguedAngel
SilvertonguedAngel's picture

If nobody else has to pay, I want my money back with interest.

Fri, 05/29/2015 - 04:22 | 6142880 VWAndy
VWAndy's picture

Dog in the race?  In more ways than one.

Fri, 05/29/2015 - 06:11 | 6142966 Baby Eating Dingo22
Baby Eating Dingo22's picture

If banks and homeowners can do it, why not students?

Fri, 05/29/2015 - 06:25 | 6142976 Benjamin123
Benjamin123's picture

I dont care if debt is someones asset. Cancel them if it feels right as it is only someones pension fund.

Old people expect a free ride on the youngsters backs. It was under your senile watch that everything went to shit, deal with it. And whatever shit values the lastest generation seems to have, remember that you raised it.

Fri, 05/29/2015 - 07:01 | 6143019 silverer
silverer's picture

Food and shelter, more important than college.  Make that free first.  Transportation is also essential, that should be free as well.  Laws mandate we wear clothes in public.  They should be supplied at no cost.  Medications and medical care, an essential part of society, should be provided for free.  Shouldn't even have to have an insurance policy.  Great ideas, right?  the heck with Elizabeth, vote for me!

Fri, 05/29/2015 - 07:18 | 6143048 Freewheelin Franklin
Freewheelin Franklin's picture

Debt free college?

 

Sure...CASH ONLY!
(no post-dated personal checks)  

Fri, 05/29/2015 - 07:25 | 6143063 loregnum
loregnum's picture

Why stop there? Make it debt free mortgages. Then make it debt free cars and debt free if you have children.  Just have everything be debt free since it is only fair.

What a dumb twat. It's mind boggling how dumb the human species is.

Fri, 05/29/2015 - 07:59 | 6143153 d edwards
d edwards's picture

hey-let's just cancel the national debt too! poof! and it's gone!

not sure why we want to send any more kidsto college-the one's graduating can't find jobs anyway.

Fri, 05/29/2015 - 07:35 | 6143088 RealityCheque
RealityCheque's picture

 I just looked up the word "free" in the dictionary. I'm not sure Elizabeth understands what it means.

Fri, 05/29/2015 - 07:47 | 6143121 Feel it Reel it
Feel it Reel it's picture

Remember, most of these Politicians are Lawyers..They protect each other regardless of Party....Bankruptcy= Litigation = Big money for Attorneys.. Lawsuits is huge business, 1-800- ask-Gary

Fri, 05/29/2015 - 07:55 | 6143143 stormsailor
stormsailor's picture

Why shouldn't I work for the N.S.A.? That's a tough one, but I'll take a shot. Say I'm working at the N.S.A. Somebody puts a code on my desk, something nobody else can break. Maybe I take a shot at it and maybe I break it. And I'm real happy with myself, 'cause I did my job well. But maybe that code was the location of some rebel army in North Africa or the Middle East. Once they have that location, they bomb the village where the rebels were hiding and fifteen hundred people that I never met and that I never had no problem with get killed. Now the politicians are sayin', "Send in the marines to secure the area" 'cause they don't give a shit. It won't be their kid over there, gettin' shot. Just like it wasn't them when their number was called, 'cause they were pullin' a tour in the National Guard. It'll be some kid from Southie takin' shrapnel in the ass. And he comes home to find that the plant he used to work at got exported to the country he just got back from. And the guy who put the shrapnel in his ass got his old job, 'cause he'll work for fifteen cents a day and no bathroom breaks. Meanwhile he realizes the only reason he was over there in the first place was so we could install a government that would sell us oil at a good price. And of course the oil companies used the skirmish over there to scare up domestic oil prices. A cute little ancillary benefit for them but it ain't helping my buddy at two-fifty a gallon. They're takin' their sweet time bringin' the oil back, and maybe even took the liberty of hiring an alcoholic skipper who likes to drink martinis and fuckin' play slalom with the icebergs, and it ain't too long 'til he hits one, spills the oil and kills all the sea life in the North Atlantic. So now my buddy's out of work and he can't afford to drive, so he's walking to the fuckin' job interviews, which sucks 'cause the schrapnel in his ass is givin' him chronic hemorroids. And meanwhile he's starvin' 'cause every time he tries to get a bite to eat the only blue plate special they're servin' is North Atlantic scrod with Quaker State. So what did I think? I'm holdin' out for somethin' better. I figure, fuck it, while I'm at it, why not just shoot my buddy, take his job and give it to his sworn enemy, hike up gas prices, bomb a village, club a baby seal, hit the hash pipe and join the National Guard? I could be elected president. from good will hunting

Fri, 05/29/2015 - 08:07 | 6143183 PleasedToMeatYou
PleasedToMeatYou's picture

Debt Free College - didn't we used to call that High School?

Fri, 05/29/2015 - 08:21 | 6143209 flyonmywall
flyonmywall's picture

The reason all these people use the word "Free" is because it sounds so good.

Welcome to the Free Shit Army, the FSA, where everything ought to be FREE because it is a right. Free phones, free houses, free cars, free rent, free food, free drink, free fucks, free college.

Somebody should ask Mrs. Warren if she gives out free blowjobs.

 

 

Fri, 05/29/2015 - 09:40 | 6143412 fallout11
fallout11's picture

“A democracy cannot exist as a permanent form of government. It can only exist until the people discover they can vote themselves largess out of the public treasury. From that moment on, the majority always votes for the canidate promising the most benefits from the public treasury....” 

Fri, 05/29/2015 - 20:13 | 6145660 MeelionDollerBogus
MeelionDollerBogus's picture

A democracy can only exist so long as society is moral. Every other form of government is no more than slavery and usually very violent oppression of the slave-class.

Democracy is literally the only option for government.

The next option is no-government anywhere anytime.

If you believe in government but not democracy only one outcome is possible: massive torture, brutal rape and mass-murder by the government. Every time guaranteed.

Tue, 06/02/2015 - 14:34 | 6155947 fallout11
fallout11's picture

Democracy is nothing more than mob rule, where 51% of the people vote take away the rights of the other 49% (or two wolves and a lamb discussing what is for dinner, if you prefer that quote instead).  

America was supposed to be a Constitutional Republic (if we could keep it), because even the founding fathers didn't trust the moral code of the people, and hence sought to rely on the 'Rule of Law' instead (which even the ancient Greeks decided was a pre-requisite for a State).
It failed to remain that, and Tytler's prediction has already come true (in Great Britain as well....the monarchy there being little more than a symbolic figurehead since Tytler's own time), with politicians pandering and promising, money/bankers calling the shots, corporations as people (how long before they can get elected directly?), and over half the populace in on the take in one form of another (government largess, military hedgemony, deep state, panem et circenses, revolving doors, rampant corruption, too big to fail, barriers to entry, bailouts, etc).

Behavioral science basically boils down to "you get more of what you incentivize".  Propaganda, lies, and swag are powerful tools for corruption.  Morality was no match for bribery. 
Where is real capitalism?  Where is the rule of law?  Where are the truths we once held as self evident?  What happened to the ideals of the founding fathers of America?
What happened to the ancient Athenians (Greece)?  "Democracy" is what happened. 
"In a democracy you get the government you deserve", and unfortunately apparently this is what America deserves.... more direct, obvious attempted bribery on the part of our would-be leaders.
"Vote for me, and I'll give you a dollar!" 
It works on many, unfortunately. 

This proposal literally amounts to voting to steal wealth from the public treasury. It is precisely what Tytler claimed would happen, literally to the letter.
Make me a free lunch!

Fri, 05/29/2015 - 20:43 | 6145740 Urban Redneck
Urban Redneck's picture

Of course a Scottish monarchist would berate democracy... but that doesn't make him right.  And given that the English monarchy has only ruled continuously since 1660, Tytler looks rather foolish making that statement less than 200 years later.

The History of Direct Democracy in Switzerland

And if you want to go back 2400 years instead of 700 years, the Greek philosophers agreed that Rule of Law was a prerequisite to an ideal State, regardless of political structure.

 

 

Fri, 05/29/2015 - 08:41 | 6143258 Vonhoff5
Vonhoff5's picture

So Warren does not see a problem in the cost of college nor in the inflation rate of college tuition being something like 5x greater than the CPI...the govt has a direct line to the voter who benefits from such a scheme. But if govt were to try and bring costs under control who would take credit? Certainly not a political candidate.

Fri, 05/29/2015 - 08:50 | 6143279 TrustbutVerify
TrustbutVerify's picture

One of the things that bothers me about Elizabeth Warren's free college suggestion is the total ignoring of the bloat of useless politcally correct courses within the various curriculums.  Aside from this, there is the problem of allowing into college those that simply can't do the work.  

Elizabeth Warren's vision of what college should be more a blending of an extended high school curriculum for those that, by adulthood, can still barely read and write with the bloated, over priced, politcally correct course work that too often fails to prepare students for much of anything in life.  

And she wants to subsidize this, too often, wasteful situation.  

Fri, 05/29/2015 - 08:55 | 6143293 Tachyon5321
Tachyon5321's picture

The solution is free high school community college.

Fri, 05/29/2015 - 09:25 | 6143391 khakuda
khakuda's picture

Ah, the free lunch crowd.  Never mind the fact that someone had to spend their time and money growing/raising, transporting, cleaning and preparing the lunch.  Those stupid farmers, energy providers, cooks and truck drivers should not be paid anything for this work, they should provide it free so others can live off of it because they are entitled to live off the work and money of others and provide nothing of value in return because they deserve it.

Government screwed up college costs by providing ever increasing funding and subsidies.  With no funding or subsidies, colleges would have had to keep their costs under control and school would still be affordable.  There would be no administrators making $5 million a year or country club like sports centers, just a good, honest education.  Giving the bill to the taxpayers doesn't solve anything.

I guess all the free lunch idiots in the country need a representative.  May as well be Elizabeth Warren.  If her run for US President fails, she could always run in Venezuela.

Fri, 05/29/2015 - 20:10 | 6145656 MeelionDollerBogus
MeelionDollerBogus's picture

Might just be fair to force school loans to be both interest free and only enough to go to an average-priced college.

Since the interest just lines the pockets of banksters I won't feel bad about supporting that.

Fri, 05/29/2015 - 09:29 | 6143414 deimos178
deimos178's picture

Do you think part of the problem might be self entitled fraudulent "professors" teaching 1 class per semester at Harvard and earning $368,000? 

Fri, 05/29/2015 - 09:59 | 6143525 Monty Burns
Monty Burns's picture

Squaw Warren speak with forked tongue.  Heap bad  medicine.

Nothing is 'free'. Somebody somewhere is paying. Most university education is useless anyway - money wasted. And I say that as an ex-Prof.

Fri, 05/29/2015 - 11:17 | 6143816 Vooter
Vooter's picture

Are they planning to hire salary-free teachers, administrators and physical-plant workers? I don't get this...

Fri, 05/29/2015 - 11:31 | 6143864 Lostinfortwalton
Lostinfortwalton's picture

I thought the function of the state colleges was to provide a college education at a modest cost. What happened? Now the taxpayer is supposed to be on the hook for anyone who wants to go to an Ivy League school and pay for whatever that Ivy Leageue school wants to charge?  Guess this will play well in Boston where the education bubble is about to pop. Don't forget free college for all the illegals whie you are at it.

Fri, 05/29/2015 - 14:56 | 6144635 theprofromdover
theprofromdover's picture

I hope Ms Warren in her promo material said she would cut the college overheads, stop building ridiculous faculty buildings, vanity sports facilities, student apartments and unnecessary and over-the-hill tenured staff. If the colleges budgeted to cut their fees by 50%, then the problem would be halved.

If you then said it is unproductive for the nation to college-educate more that 30% (I guess) of post-school kids, and the rest either do on the job training or do night-school, you might half the problem again.

 

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