patrick.net

Tenpoundbass says

Then what are they spending the $42K on kids? This logic always bothered me, when the Gen-X were getting brainwashed by the Deviant Boomers, against the Nuclear family, and demonized faithful marriages as "Co-Dependent" something my generation was supposed to take great care not to get caught up in one. That's why my generation is the largest divorce rate in History. Where as the Millennials just aren't getting married.

Roastie Millies just get knocked up by pool boys or DJs or Tinder 3AM calls in their early 20s instead of in High School these days. If they get knocked up at all, ever.

In Gen X and previous eras, a woman who made it past 20 without having one kid out of wedlock was highly unlikely to have any out of wedlock kids at all. Millies broke that chain.

Just like Millies were the majority of those arrested during the BLM riots, where all other previous riots, at least going back to the 60s, the average age around 20. BLM/Antifa literally are trust fund babies and barristas.

The lesson? Reward work ethic and not participation or self-esteem in kids.

Tenpoundbass says

One of the common mantra my generation was drilled by souless fags trying to scare us away from traditional family values, telling us how much kids cost. They only cost as much as you foolishly poor into them. I'll tell you about not affording kids, the low IQ low moral people are spitting out kids like a print press, while the people society will need to continue are being told "Kids cost to much, you can't have kids until your rich, and can afford a Nany to raise them, because that's the way the Jones' do it."

Food wasn't that big of a deal, they weren't huge eaters, and I've always cooked enough to have leftovers anyway, then they belly ached about Summer Camps and private school, those things just like Real Estate are a suckers game, if they are driven up by everyone trying to get in the best place. Rather than demanding all institutions we entrust our kids to have a high standard, that they...

Yep. "If the kid doesn't go to THE BEST summer camp..." you know what? Most of the 30-somethings sleeping in mom's basement went to the best summer camps.

I got the demon to scream by suggesting our son go to the nearest convenient Camp, maybe a Church one, that has a playground. Heaven forbid kids just run around and get a Bible Story read to them. When he's 12-13, no camp, just bike around the neighborhood all day like I did. "But he's not learning about Video Production or Drama Class" So the fuck what? At 12-13 on his bike he'll find plenty of IRL drama with kids his age. These days it'll be caught on cell video, too.

https://www.brookings.edu/blog/up-front/2018/05/30/why-the-dentist-with-1-million-in-student-debt-spells-trouble-for-federal-loan-programs/?source=patrick.net

Why the dentist with $1 million in student debt spells trouble for federal loan programs

Only 101 people out of 41 million student-loan borrowers owe more than a million dollars

Looks like it is getting closer and closer to having those who didn;t go to college pay the debts of those who did.

Joe Biden's America.

https://www.msn.com/en-us/news/politics/student-loan-forgiveness-don-t-expect-50k-in-relief-says-biden/ar-AAWOwQ7?ocid=msedgdhp&pc=U531&cvid=fa80a1cc24414d75b79637e8d3c9d9ba&source=patrick.net

That CNBC chart is FUBAR. I did not have to goto "College". I decided to go into I.T. in 1980... before their was a thing called a P.C. their were dumb terminals tied into a mainframe. In those old days, if you were making your age, you were doing ok... now it has to be double or triple that. I made over 100K in I.T.. but I had to jump around a few jobs to get there, but college was not a factor as much as the I.T certifications were, and great references.
If that CNBC chart is the current state of affairs in a typical household, then their last name must be Jones. I will not pay for someones college repayment... screw that... and screw the Jones... their kids will be brats, and want everything now...

seesaw says

I will not pay for someones college repayment...

Oh, you will.

That's the problem with student loans, they should be able to throw cash at them and it take down the principal. You'll only end up paying 5 times the amount of your loan, if you pay it off on the payment schedule. No need for the government to pay off the debt, just cut the balls off the greedy banks.

https://babylonbee.com/news/democrats-announce-new-policies-to-fix-all-of-the-problems-caused-by-their-old-policies?source=patrick.net

Tenpoundbass says

These lists are always full of shit, how are the kids costing them $42K, yet they still itemize stuff you would expect that $42K is already covering.
They already said Food for 4, clothes for 4 people, Children's lessons, and Misc. ("something always comes up").
Then what are they spending the $42K on kids?

That looks like $42K for childcare (Daycare/care of child when parents are otherwise working - before school/after school.) In a metro area with high competition for daycare, for 2 kids, that's $1,750 / month / child, and is not out off the realm of being realistic.

ForcedTQ says

Tenpoundbass says

These lists are always full of shit, how are the kids costing them $42K, yet they still itemize stuff you would expect that $42K is already covering.
They already said Food for 4, clothes for 4 people, Children's lessons, and Misc. ("something always comes up").
Then what are they spending the $42K on kids?

That looks like $42K for childcare (Daycare/care of child when parents are otherwise working - before school/after school.) In a metro area with high competition for daycare, for 2 kids, that's $1,750 / month / child, and is not out off the realm of being realistic.

Yeah, if you have older kids and are older yourself, the childcare game has become a racket for younger families. We're out of the phase, but that was single handedly the biggest shock. Two kids in day care is like a Ferrari. Maybe more expensive.

It's cheaper now with 3 not in daycare. Food is going to be problematic with 3 boys that likely will hit 6'3" to 6'5" is the new problem and all the sports fees. We're in the in-between stage where it's the cheapest in my estimation. 13 years old and over it ramps back up big time. They at least start taking care of themselves though and eventually get a license and can help with the younger brother/cousin.

67 and still owe college loans? How is that even possible? Unless you have never made payments toward your loans, I suppose. Which would raise the question if you ever intended paying back the loans. If you borrowed the money and cannot file for bankruptcy to get a fresh start, then suck it up and pay the money you owe. Why should I or anyone else pay for your fuckups?

ForcedTQ says

That looks like $42K for childcare (Daycare/care of child when parents are otherwise working - before school/after school.) In a metro area with high competition for daycare, for 2 kids, that's $1,750 / month / child, and is not out off the realm of being realistic.

Already pretty high on my long list of reasons not to have kids.

ForcedTQ says

Tenpoundbass says

These lists are always full of shit, how are the kids costing them $42K, yet they still itemize stuff you would expect that $42K is already covering.
They already said Food for 4, clothes for 4 people, Children's lessons, and Misc. ("something always comes up").
Then what are they spending the $42K on kids?

That looks like $42K for childcare (Daycare/care of child when parents are otherwise working - before school/after school.) In a metro area with high competition for daycare, for 2 kids, that's $1,750 / month / child, and is not out off the realm of being realistic.

True, but that's why many who can will never go back to work. Save the child care entirely or just pay a daycare or babysitter occasionally / when necessary. They'd have to pay us double to go into an office these days

I didn't see if you were a male or female or whatever.

Plain and simple.

YOU CAN DANCE!

If your not a female just declare that you are and all problems solved.

https://babylonbee.com/news/biden-to-forgive-10k-in-student-loans-in-unrelated-news-nations-colleges-raise-tuition-by-10k

Democrat values: punish success and reward failure.
Punish frugality and reward irresponsible consumption.
Punish reproductive responsibility and reward unwed mothers.
Punish investors and reward debtors.
Punish landlords and reward renters (I took advantage of this myself) 😉

Patrick says

Trump actually put forth having an endowment tax specifically to encourage universities to use those endowments as a source for scholarships.

work as as a landscaper under the table.

problems solved.

Patrick says

i really hate how government throws money at big ed, and we all end up paying for it more and more every year.

FortwayeAsFuckJoeBiden says

i really hate how government throws money at big ed, and we all end up paying for it more and more every year.

You're not the only one.

Patrick says

FortwayeAsFuckJoeBiden says

i really hate how government throws money at big ed, and we all end up paying for it more and more every year.

You're not the only one.

https://m.youtube.com/watch?v=zT9WUIfdKIA

https://nitter.pussthecat.org/CurtisHouck/status/1562552358424711170#m

Doocy: "But someone is paying for it. Who?"

KJP: "I just--I just laid out. I just laid --"

Doocy: "Who?"

KJP: "--out for you. No, Peter, I just laid out for you how we're seeing this process and why this matters."

Doocy: "Wealthy Americans? Big corporations? Who's paying?"

Patrick says

That guy on the right is me. I started saving for my daughter's tuition from before she was born. The double insult is that the easy credit assholes bid up the cost of college which made the responsible people have to pay a lot more.

Why not give a $10,000 credit to all who went to college in the last x years? True, neither loan forgiveness nor credit is a good idea (moral hazard), but at least the credit would be fairer.

A large percentage of the student loan forgiveness went to Republican families (I am guessing a larger percent to Democrats).

A large percentage of PPP forgiveness went to Democrat families (I am guessing a larger percent to Republicans).

Instead of going through the whole PPP rigamarole, the government could have simply given the same dollar amount to everyone. They did not because the rich and better connected somehow deserved more. The $10k debt forgiveness doesn't come close to the Coin given to the politically connected.

But why forgive it at all? Allow BK and write it off. It's a fucking scam. No other industry can lock in a loan and FORCE it to be paid back. They can repo, foreclose, garnish wages, etc. Student loans are the ONLY financial product that HAS to be paid.

I went through the housing crisis in real estate as a job. Let's say you have a credit card with a high balance. Stop paying it. See what happens. Credit will get fucked, but they can't do anything. That's why CC interest rates are soooooo high.

Fact is everyone you see with a boat, a Harley or some other toy is likely defaulted on it. Or they're not paying other bills. 100%. Almost 50% of Americans don't pay taxes. If they're not doing that, how do you think they afford the toys. They can't. So they default on the debt.

We've only had 4 new houses built in my town in 10 years. 30 storage units were built. Cheaper to hide the defaulted debt than to pay it. Let's put it that way.