This is why the United States is going bankrupt. The stupidity of those who dont know to read the "Contract".

Mikeoxenormous

Diamond Member
May 6, 2015
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MSN
10 years ago I signed a student-loan agreement without reading it, and now I'm afraid I'll never own a home.
So i am supposed to feel sorry this individual? It had everything in the Contract agreement that he/she/it signed. Of course if the public education system taught personal responsibility for ones actions, then people like this wouldnt be in the mess they are.

Oh and it was Obama, that took over the college tuition funds, thus making College unfordable. Thanks Obama.
 
MSN So i am supposed to feel sorry this individual? It had everything in the Contract agreement that he/she/it signed. Of course if the public education system taught personal responsibility for ones actions, then people like this wouldnt be in the mess they are.

Oh and it was Obama, that took over the college tuition funds, thus making College unfordable. Thanks Obama.
Bankruptcy.

Payment renegotiations.

Thinking facts that came out with Cohen's testimony and other evidence that convicted Trump. Trump, not Obama personally tried to void or alter every agreement/contract.

You must despise Mr. Trump.
 
Bankruptcy.

Payment renegotiations.

Thinking facts that came out with Cohen's testimony and other evidence that convicted Trump. Trump, not Obama personally tried to void or alter every agreement/contract.

You must despise Mr. Trump.
I'm wondering if this believer in the sanctity of contracts, supports one of the biggest violators of contracts.
 
MSN So i am supposed to feel sorry this individual? It had everything in the Contract agreement that he/she/it signed. Of course if the public education system taught personal responsibility for ones actions, then people like this wouldnt be in the mess they are.
As Procrustes Stretched pointed out

Trump, who claims he knows more than anybody about contracts, is one of the biggest violators of contracts, claiming anything from the contract not being valid, to imposing illogical definitions to change the terms of the contract.

In casino commission records of an audit, it was revealed that Trump's companies owed a total of $69.5 million to 253 subcontractors on the Taj Mahal project. Some already had sued Trump, the state audit said; others were negotiating with Trump to try to recover what they could.
 
Noooo! Say it ain't so!

LOL
Apparently some people think the rules should only apply to poor people.

MSN So i am supposed to feel sorry this individual? It had everything in the Contract agreement that he/she/it signed. Of course if the public education system taught personal responsibility for ones actions, then people like this wouldnt be in the mess they are.

Freestate Electric filed a mechanic’s lien Dec. 27 and filed a complaint to enforce the lien Jan. 19 in D.C. Superior Court. Freestate alleges that they were not paid more than $2 million for work they did on the landmark hotel conversion.

This brings to five the number of contractors who have sued for nonpayment at the Old Post Office project. In total, they are claiming nearly $5 million in unpaid bills.
 
Today for the first time ever we are spending more on national debt interest than on our entire defense budget....
 
MSN So i am supposed to feel sorry this individual? It had everything in the Contract agreement that he/she/it signed. Of course if the public education system taught personal responsibility for ones actions, then people like this wouldnt be in the mess they are.

Oh and it was Obama, that took over the college tuition funds, thus making College unfordable. Thanks Obama.
Actually it was the Democrats and LBJ and the Higher Education Act of 1965 that started putting federal dollars into college and universities. It was the same year that Johnson signed Medicare into law.

And in both cases that is when costs begin spiraling upward and out of control. Before then unless he/she chose a very expensive private school, most motivated people could manage to work and pay for their college educations. I was among the poorest of my classmates but it never occurred to me that I would not go to college. And I did pay my own way. Without going into debt.

Now only the very rich can afford college tuition for themselves or their children without going into debt. And without massive federal subsidies and/or expensive insurance, nobody can afford even basic healthcare now. And thanks to Obama, the copays and deductibles are so much higher that many people are choosing not to get the healthcare they need.

Before Medicare, a doctor's visit for anybody was about $5 that people paid out of pocket. Ditto vaccinations for the kids or a few stiches after a bicycle mishap or whatever. Insurance, after a deductible, was intended to pay hospital costs or other treatments that most people could not afford to pay out of pocket and most who didn't have insurance were set up on an affordable monthly payment plan. Once government started meddling with federal dollars and mandates of what insurance must cover, now a routine doctor's visit without insurance is several hundred dollars or more and even a day or two in the hospital could wipe out a family's entire savings or more.

And the vast majority of Americans cannot afford college without generous scholarships, grants, or going into debt.
 
Actually it was the Democrats and LBJ and the Higher Education Act of 1965 that started putting federal dollars into college and universities. It was the same year that Johnson signed Medicare into law.

And in both cases that is when costs begin spiraling upward and out of control. Before then unless he/she chose a very expensive private school, most motivated people could manage to work and pay for their college educations. I was among the poorest of my classmates but it never occurred to me that I would not go to college. And I did pay my own way. Without going into debt.

Now only the very rich can afford college tuition for themselves or their children without going into debt. And without massive federal subsidies and/or expensive insurance, nobody can afford even basic healthcare now. And thanks to Obama, the copays and deductibles are so much higher that many people are choosing not to get the healthcare they need.

Before Medicare, a doctor's visit for anybody was about $5 that people paid out of pocket. Ditto vaccinations for the kids or a few stiches after a bicycle mishap or whatever. Insurance, after a deductible, was intended to pay hospital costs or other treatments that most people could not afford to pay out of pocket and most who didn't have insurance were set up on an affordable monthly payment plan. Once government started meddling with federal dollars and mandates of what insurance must cover, now a routine doctor's visit without insurance is several hundred dollars or more and even a day or two in the hospital could wipe out a family's entire savings or more.

And the vast majority of Americans cannot afford college without generous scholarships, grants, or going into debt.
What bs.

Incredible

And $5 was a lot to the average person back then.

try being intellectually honset
 
MSN So i am supposed to feel sorry this individual? It had everything in the Contract agreement that he/she/it signed. Of course if the public education system taught personal responsibility for ones actions, then people like this wouldnt be in the mess they are.

Oh and it was Obama, that took over the college tuition funds, thus making College unfordable. Thanks Obama.
Mr. King said his respect for Mr. Trump deepened as his properties teetered in the 1990s.

“What really impressed me was when he started taking it on the chin,” Mr. King said. “He turned bankruptcy into a business.”

Don King said What really impressed him was when Trump started taking it on the chin Trump turned bankruptcy into a business

and

don king 2.png


 
The feds started subsidizing college educations earlier than that.

In the mid 19th Century, the federal government did provide some federal land grants to the states for the purpose of establishing colleges and universities in the states. The grants did not include any private property or any funding. The G.I. bill of 1944 I believe was the first cash outlay and it had broad approval of the people and was considered part of the compensation to the military for their service and came with an expiration date of 1956. It was replaced with other benefits to the military should service personnel choose to use it, again considered part of their compensation for service.

But it was with the 1964 legislation that the government started pouring money indiscriminately into colleges and universities. And by doing that it was the federal government that began making higher education unaffordable for most without serious scholarships or grants that went to a small percentage and otherwise only the very rich went into debt.

Whatever the government subsidizes will eventually be more expensive than when the free market capitalist system is allowed to work.
 
The unfortunate fact is that Americans between the ages of 17 and 22 generally have no idea of the value of money. Even if they have had part-time jobs, that is a far cry from being self-supporting. They also have no idea of the concept of "after tax" money. Finally, they have an inflated opinion of their likely earnings after college.

Honestly, even allowing these children to sign these contracts is foolish beyond belief. It is ALMOST as foolish as performing sex mutilation surgeries on teenagers because they want it.

The only solution is to force the colleges to fund the loans, either totally or partly.
 
Bankruptcy.

Payment renegotiations.

Thinking facts that came out with Cohen's testimony and other evidence that convicted Trump. Trump, not Obama personally tried to void or alter every agreement/contract.

You must despise Mr. Trump.
BR does not affect student loans. They are immune.
 
They can thank their parents not teaching the severity of making an agreement and signing a contract. You don't sign shit unless you know what youre signing and have a plan on how you're going to pay it back.

And you most certainly do not agree to a contract until you're sure "do I need this? Will this help me? How will it help me?".

I don't feel sorry for kids that go to college and cry about their debt later. They made a decision with the stipulations right there in front of them. There is no excuse to now know what you're getting into.
 
Today for the first time ever we are spending more on national debt interest than on our entire defense budget....
That's fiat money fer ya. ;)
The unfortunate fact is that Americans between the ages of 17 and 22 generally have no idea of the value of money. Even if they have had part-time jobs, that is a far cry from being self-supporting. They also have no idea of the concept of "after tax" money. Finally, they have an inflated opinion of their likely earnings after college.

Honestly, even allowing these children to sign these contracts is foolish beyond belief. It is ALMOST as foolish as performing sex mutilation surgeries on teenagers because they want it.

The only solution is to force the colleges to fund the loans, either totally or partly.
They say one's brain isn't fully developed until age 25. Therefore no one should be allowed to enter into any contract until then.
 

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