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View Diary: A new approach to the student debt crisis (121 comments)

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  •  A jubilee is the only reasonable answer (12+ / 0-)

    And it needs to be combined with full funding of higher education. My entire generation has been screwed by a generation of politicians who got free or cheap highly subsidized educations. I have more than twenty grand in loans and I am not planning on paying them. 41% of students who graduated in 2008, the year I did, are either delinquent or defaulted on their loans. What we are seeing is a de facto debt strike already going on.

    The "fiscal conservatives" have gutted government under the guise of not burdening future generations with debt and the result has been to burden this generation with an absurd amount of debt. And now we have a democratic super-majority in California and they still aren't acting to fund schools at an appropriate level. At this point mass action seems to be the only solution. A student strike and a debt strike in solidarity with each other. The goal being a debt jubilee and a fully funded education system.

    If debt were a moral issue then, lacking morals, corporations could never be in debt.

    by AoT on Tue Jun 04, 2013 at 08:48:58 AM PDT

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    •  if you are not planning on repaying, then there's (1+ / 0-)
      Recommended by:

      really no need for a jubilee, is there?  

      Unlike a car, they can't repossess your education.

      You know you're in Oregon when you only see people using an umbrella to protect themselves from the sun.

      by Keith930 on Tue Jun 04, 2013 at 09:31:38 PM PDT

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      •  Not paying up (0+ / 0-)

        To the Rethuglic loan sharks is a tricky nd difficult business.

        I will pray AoT keeps his kneecaps.

      •  If it were just about me then you'd (0+ / 0-)

        Be right. But this is about a lot more than just me. This is about freeing people from oppressive structures. We're talking about a generation that is going to live substantially less well than they otherwise would because of this debt.

        If debt were a moral issue then, lacking morals, corporations could never be in debt.

        by AoT on Wed Jun 05, 2013 at 10:15:20 AM PDT

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