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Why I Defaulted On My Student Loans
The New York Times ^ | June 6, 2015 | Lee Siegel

Posted on 06/06/2015 5:11:30 PM PDT by Benito Cereno

I chose life. That is to say, I defaulted on my student loans.

As difficult as it has been, I’ve never looked back. The millions of young people today, who collectively owe over $1 trillion in loans, may want to consider my example.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Government; Philosophy
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Can you imagine if everyone followed this moron's example.
1 posted on 06/06/2015 5:11:30 PM PDT by Benito Cereno
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To: Benito Cereno

Another deadbeat. There’s nothing new under the sun.


2 posted on 06/06/2015 5:12:48 PM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: Benito Cereno

You signout it, you pay for it. It’s called personal responsibility.


3 posted on 06/06/2015 5:13:06 PM PDT by Redcitizen
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To: Benito Cereno

Contractual agreements are for shmucks.

Your word is meaningless. You just walk through life conning everyone.

Until it stops working.


4 posted on 06/06/2015 5:14:00 PM PDT by freedumb2003 (When things are rightly ordered, man is steward of God's gifts and civil law enables him to do so.)
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To: Benito Cereno

Stealing property, wealth or labor from another is still stealing no matter how you parse it.

What would this parasite call someone who stole the same amount of money from him?


5 posted on 06/06/2015 5:16:12 PM PDT by Iron Munro (We may be paranoid but that doesn't mean they aren't really after us)
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To: Benito Cereno

WOW! What a pathetic excuse for a human being. I hope the debt collectors catch him and break his kneecaps...


6 posted on 06/06/2015 5:16:34 PM PDT by Mr Rogers (Can you remember what America was like in 2004?)
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To: freedumb2003

And it will stop working.


7 posted on 06/06/2015 5:17:48 PM PDT by cripplecreek ("For by wise guidance you can wage your war")
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To: Benito Cereno

The author makes note that the banks lending him the money have failed. Yet he does not make the connection that his failure to repay his loan contributed to that bank’s failure. Nor the jobs lost, Nor any of the thousands of ripple effects.

Just his diatribe on how others should fail just like he did.


8 posted on 06/06/2015 5:18:58 PM PDT by taxcontrol
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To: Benito Cereno

Can you blame him?

How much money does the government piss away on green jobs and stuff?


9 posted on 06/06/2015 5:19:20 PM PDT by Extremely Extreme Extremist
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To: Benito Cereno

Amazing. Moron goes to an expensive liberal arts college to become a writer. He then has to transfer to a state school. He can’t get a job as a writer, so it’s OK to default in his childish mind.

I went to school for Electrical and Computer Engineering. What I *really* wanted to do with my life was make video games. Not modern video games, but retro video games on old hardware. There isn’t much of a market for that skill. I should have realized that it was OK to default on my loans instead of taking a few jobs that I found less than interesting to pay off a debt I chose to accumulate.

I mean, if I am not able to get paid for writing sequels to Marble Madness on Atari System I hardware, why in the hell should I owe a bank for debt I chose to incur. Let the Federal Government pay for the interest on that debt too ... who cares! It’s not my money!

Come to think of it, I want a larger house. I got my current house when I really didn’t care about square feet. Maybe I should just default since I didn’t get what I wanted instead of selling it and moving to a larger house.

You damn taxpayers should fund my desire to make new electromechanical pinball machines too. Why? Because that’s what I want to do now!

Does anyone out there wish they could run into this ingrate in person and have a chat with the scumbag???


10 posted on 06/06/2015 5:19:27 PM PDT by edh (I need a better tagline)
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To: cripplecreek

Student loans are the only loans that cannot be removed through bankruptcy. GM and Chrysler defaulted on Billions not to mention the billions dumped into failing banks. But Student Loans are harder to kill than cockroaches in an atomic attack. They keep going and going.

Time to completely revisit the entire system.


11 posted on 06/06/2015 5:20:37 PM PDT by rstrahan
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To: Benito Cereno
But I have found, after some decades on this earth, that the road to character is often paved with family money and family connections, not to mention 14 percent effective tax rates on seven-figure incomes.

So paying $1.4 million in taxes on $10mil is not enough for this schmuck. Like a true liberal, he wants even more.

12 posted on 06/06/2015 5:21:21 PM PDT by VeniVidiVici (If Al Sharpton would pay his taxes, two million kids could eat school lunch for one year)
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To: Benito Cereno
Good Lord, if this guy's sense of self-importance were cash he'd have paid those loans off years ago.

the only way I could survive without wasting my life in a job that had nothing to do with my particular usefulness to society.

Welcome to the real world, sonny. And who says you're any more useful to society as a logorrheic scribbler than you were selling shoes? I once made beds at a trucker's motel rather than take a dime from anyone else. Built character. You took the dime and a whole lot more.

The Dems could win this upcoming election hands-down by promising to erase all student debt. The reason they haven't (yet) is that somebody who knows, i.e. one of their high-rolling banker backers, has told them what would happen if they did. And it would happen so swiftly they wouldn't be able to blame the Republicans.

13 posted on 06/06/2015 5:21:29 PM PDT by Billthedrill
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To: Benito Cereno
Can you imagine if everyone followed this moron's example.
-----------------------------------------------------------

The absolute LAST THING the federal givernment needs.....

.... IS MORE MONEY ....

14 posted on 06/06/2015 5:21:45 PM PDT by hosepipe (This propaganda has been edited (specifically) to include some fully orbed hyperbole..)
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To: abb; All

I gather Lee has no progeny ( for which we can all be thankful) otherwise she’d be worrying how they would be able to pay for college


15 posted on 06/06/2015 5:22:08 PM PDT by ken5050 (If Hillary is elected president, what role will Huma Abedin have in the White House? Scary, eh?)
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To: Benito Cereno
Lee Siegel is the author of five books who is writing a memoir about money.

Or, in his case, how not to pay money back.

16 posted on 06/06/2015 5:22:10 PM PDT by DoodleDawg
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To: Benito Cereno

“Can you imagine if everyone followed this moron’s example.”

I can guarantee it. Big bubble goes kerblooey.


17 posted on 06/06/2015 5:22:28 PM PDT by DaxtonBrown (http://www.futurnamics.com/reid.php)
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To: taxcontrol

Like Michael Moore in Roger and Me. Moore laid out all kinds of bad behavior by union employees only to blame Oldsmobile for closing the doors.


18 posted on 06/06/2015 5:24:08 PM PDT by cripplecreek ("For by wise guidance you can wage your war")
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To: Benito Cereno
liberal arts photo: Liberal Arts Majors LiberalArtsMajors.jpg

Let me guess. A gender studies degree with $300k in student debt.

19 posted on 06/06/2015 5:24:24 PM PDT by Snickering Hound
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To: taxcontrol

“Lee Siegel is the author of five books who is writing a memoir about money.”

Wanna buy one? Not me.


20 posted on 06/06/2015 5:25:29 PM PDT by Sasparilla (If you want peace, prepare for war.)
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