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Intergenerational Mortgage...as a way to reduce tax liability from the Death Tax...that's just dumb. How 'bout you put the paid off home in a trust for the benefit of your family? This is just a bad idea for everyone.

That's why debt doesn't transfer to children from the parents.

Are you saying that 'my word is my bond' is satanistic? This was how it used to work...until govt. decided some things were 'too big to fail'. Which is where American contract law went off the rails.

Except all the banks that made these loans understood that they would be covered...which is just a dumb way to really run a business b/c then the risk calculation gets ignored. This leads to bad things down the road for many parties. Student debts shouldn't just be cancelled, just like no debt...

I'd forgotten about this bit...man, pretty much 1st thing he did was aim at killing US production

what year was that? And @Typhonis gets me the goods! Supraninja!

@Bacle I'm curious as to when you think the old paradigm happened and who pulled the ladder up behind them.

Yeah, since the Gubmint got involved it's gotten really stupid. I think it really started with letting the government determine what people need in order to practice law and medicine. From there the Gov. decided what things qualify you for certain degrees. Once they gauranteed loans...the laws...

Certainly a huge difference between loving and actively hating your job. Lots of room in the middle to just work. Agreed. Though there is something to be said about the attitude of, "I'm willing to do any kind of work as long as it allows me to take care of my family."

Let's see... I enlisted and had the GI Bill to cover a lot of my expenses. Only really took out loans while I was in the National Guard & went to College. Once I got out of the Nasty Guard I worked full time at the Post Office while finishing my degree. Made enough I didn't have to take any...

I'm aware others don't believe as I do nor behave the same way. However, a loan contract explicitly states the obligations of both parties...bank (the lender) and the borrower (the student). That has nothing to do with the schools. They just get the money. If the product the schools are...

We'll agree to disagree here. I still believe that my handshake is a contract along with my word.

I will never support just forgiving student loans. individual signed a contract and bear the costs of responsibility for that. I'm open to schools baring some of that cost if there's definite evidence of misleading practices in job availability etc...