Quote:
Originally Posted by Adder
You have it exactly backward. We will keep dying, uncompetitive fossil fuel industries alive via policy (subsidies) even while wind and solar are cheaper, because they are entrenched, have a lot of money to spend and people fear change. The end will come only when we're sick of paying for them.
The problem with student debt isn't Big Education. It's the financialization of education funding. The problem is Wall Street and our collective decision that kids should leverage their future earning rather than pay for it directly. Yes, I think the Democrats can discipline the education debt financing industry. It's not easy or cheap, but it can be done.
Debt forgiveness is a reset. Kids took out loans based on conditions that didn't anticipate the Great Recession or the pandemic. They just need a bailout, just like lots of others got. And they will get at least some after Biden is sworn in.
The professors aren't underwriting the loans. The problem is/was a lack of jobs, not useless degrees. If the problem was useless degrees, you think Wall Street wouldn't have gotten itself to the power to say no to them?
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1. You will never see a Green New Deal. Ain’t happening. Get a grip.
2. Wall St is part of the problem. But so is Big Ed.
3. I’m not against the bailout, but a bailout that doesn’t discipline Big Ed is a massive lost opportunity that will just lead to more cost inflation.
4. Big Ed is tightly aligned with Democrats. Democrats, like Republicans, serve those with whom they are aligned.
