22nd April 2018

Escape from debt through death

posted in economy |

This afternoon, I called winter’s bluff. After a session of uphill lifting, the deck furniture is back in place. Except for the table; getting it down for the winter was easy. I just let it slide down the slope. The return trip is good for two people, as I don’t need to pull a knee or shoulder just as the weather is getting better. Tomorrow?

The BBQ is also deployed. After removing the tank, and the lid, and the grills, I was able to move it across that oversize step up from the garage to the main part of the house. Then, back out to the deck. Such a feeling of success!

The T.O. Maple Leafs are still alive. What can I add?

This is Earth Day. What can I add?

Someone started a rather long thread, on social media, dealing with student loan debt for the majority of people on this continent. Yes, with supporting documentation. First of all, I stand here as someone who contracted 5.5 years of max debt, back when things still cost too much. I repaid said debt in the mandated decade and never looked back. Low stress. A good return on investment.

Fast forward forty years. Now, a student can be saddled with twenty times the amount I consolidated. Even with the best of intentions and a real job, those same people will never repay their debt, in a lifetime. Something is seriously broken. I read through the testimonials of dozens and dozens, who find their principal untouched despite decades of repayment schedules. And under the new rules, no bankruptcy allowed. The only escape is death.

 

This entry was posted on Sunday, April 22nd, 2018 at 19:50 and is filed under economy. You can follow any responses to this entry through the RSS 2.0 feed. | 267 words. Both comments and pings are currently closed.

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