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Overeducated Writer Explains Why He Defaulted On His Student Loans, Asks "Am I a Deadbeat?"
Zero Hedge ^ | 06/07/2015 | Tyler Durden

Posted on 06/07/2015 2:33:27 PM PDT by SeekAndFind

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1 posted on 06/07/2015 2:33:28 PM PDT by SeekAndFind
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To: SeekAndFind

I think right or wrong doesn’t enter into this as much as some might think. (For the record: I think skipping out on debt is wrong.) But I think nations will default of their debt soon. I think the US will default eventually. The house of cards that has been built up, at levels both high and low, just cannot stand.


2 posted on 06/07/2015 2:36:28 PM PDT by ClearCase_guy (Claire Wolfe should check her watch. It's time.)
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To: SeekAndFind

Only a person of low moral character seeks to avoid paying his debts.So yes,he’s a deadbeat and a bum.


3 posted on 06/07/2015 2:37:19 PM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: SeekAndFind

In answer to the writers question “Am I a deadbeat”, Yes you are. Next question.


4 posted on 06/07/2015 2:37:26 PM PDT by EvilCapitalist (1 of 172)
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To: SeekAndFind

Lock him up, like the rest of us would be treated by the IRS if we owed them money and refused to pay. The same rules and consequences should pertain to both Left and Right.


5 posted on 06/07/2015 2:42:53 PM PDT by txrefugee
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To: SeekAndFind
I just got a headache reading all the like minded Times readers who think this is a good thing or have done the same thing.

Instead of forcing advance math classes on High School students who cannot grapple with the subject, why not give a mandatory class in personal finance. Let the students see how early debt can ruin your life. Let them see the alternatives of public colleges or junior colleges. Teach them the benefits of saving when you are young and what it takes to obtain a mortgage.

The country would be better off.

6 posted on 06/07/2015 2:48:01 PM PDT by CaptainK (...please make it stop. Shake a can of pennies at it.)
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To: SeekAndFind

Yes, he’s a deadbeat. And like a growing number of Americans, he’s proud of it. Lock him up. I’d bet he could suddenly come up with the money.


7 posted on 06/07/2015 2:48:44 PM PDT by ozzymandus
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To: SeekAndFind

“The government would get out of the loan-making and the loan-enforcement business”

The gov’t should never have been involved. Student “loans” are a new form of welfare


8 posted on 06/07/2015 2:48:55 PM PDT by dynachrome (We have multiplied our possessions, but reduced our values.)
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To: SeekAndFind

Being a deadbeat is the hallmark of a liberal, although some FR “conservatives” are ok with defaulting on their mortgages and skipping out on their deficiency judgements. They’ve brragged about it right here. Or maybe they were trolls.....


9 posted on 06/07/2015 2:49:07 PM PDT by clintonh8r (ISIS IS ISlam/Christian lives matter!)
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To: SeekAndFind

Yes.


10 posted on 06/07/2015 2:49:22 PM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: clintonh8r

There are deadbeats of all political persuasions. Money is apolitical.


11 posted on 06/07/2015 2:50:55 PM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: SeekAndFind

The author is lower than scum. He ran up his debt spending a decade to get his degrees so he could have a career that he knew wouldn’t support the debt he was racking up. Now he has the wisdom to suggest other people acquire a ton of credit cards and marry someone with good credit. What a total piece of sh$t. Disgusting liberal that only cares about himself, and screw everybody else that gets it in the shorts along the way. Loser.


12 posted on 06/07/2015 2:51:26 PM PDT by Go Gordon (Barack McGreevey Obama)
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To: SeekAndFind
Yes. You are a deadbeat.

You chose to spend ten (ten?) years in school getting a degree.

You swindled the banks which means you swindled the people who kept their money in the banks, your word is trash and your name is mud.

13 posted on 06/07/2015 2:52:21 PM PDT by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: SeekAndFind

We could make him pay for an “underprivileged minority of the moment” go to college for 10 years?


14 posted on 06/07/2015 2:58:11 PM PDT by JmyBryan
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To: SeekAndFind
"I found myself confronted with a choice that too many people have had to and will have to face. I could give up what had become my vocation (in my case, being a writer) and knowingly take a job that I didn’t want in order to repay the huge debt

Oh the humanity!!! Taking a job you don't like to fulfill a legal and moral responsibility. Maybe some of the income inequality activists at the NY Times can give you a better paying job.

15 posted on 06/07/2015 3:01:56 PM PDT by Kid Shelleen (Beat your plowshares into swords. Let the weak say I am strong)
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To: SeekAndFind
Deadbeat? If only!

YOU'RE A MOTHERBLEEPIN' THIEF!


16 posted on 06/07/2015 3:10:53 PM PDT by Gay State Conservative (Obama;America's Ambulance Chaser-In-Chief)
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To: SeekAndFind

I thought student loans followed you forever even if you declare bankruptcy. Am I wrong?


17 posted on 06/07/2015 3:15:23 PM PDT by Ultima
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We cannot exist
without you.



Let's Git-R-Done!

18 posted on 06/07/2015 3:16:18 PM PDT by RedMDer (Keep Free Republic Alive with YOUR Donations!)
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To: SeekAndFind

you were over 18 years old and entered into a legally binding loan agreement.

it does not matter what you did with the money. whether or not you spent it wisely is irrelevant. you still owe the money as you signed the contract.

meanwhile... did anyone sign a contract saying they would willingly hand over 40-75% of their yearly income to the federal govt? if there is no contract, how can we be legally bound by it??


19 posted on 06/07/2015 3:17:24 PM PDT by sten (fighting tyranny never goes out of style)
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To: SeekAndFind
Master of Philosophy: Columbia University

What a ridiculous waste of money. Might as well burn a barrel-full of Benjamins in a bonfire.

20 posted on 06/07/2015 3:35:49 PM PDT by montag813 (Pray for Israel)
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