[A. Pole]

"Bankruptcy law should be modified so the student loans could be discharged the same way as other debts. There is no way a Walmart employee will be able to pay back costs of advanced college degree."

That means everyone else pays for it. No way.

You do not understand. A Walmart employee with PhD will not pay it anyway. But if prevented from using bankruptcy ( corporations and businessmen do all the time) he will never be able to improve his lot, instead he will be a burden to the society to the end of his life - another hidden cost of "free" trade.

[At _War_With_Liberals]

"You do not understand. A Walmart employee with PhD will not pay it anyway. But if prevented from using bankruptcy ( corporations and businessmen do all the time) he will never be able to improve his lot, instead he will be a burden to the society to the end of his life - another hidden cost of "free" trade."

Pan, you don't understand. I am not going to help subsidize millions of dollars in degrees for people who will have the benefit of those degrees for the rest of their lives just because they decide to reneg on their promise to the govt. Taxpayer money was already fronted to students with low interest and generous terms. Everyone would just blow the loan off.

That is a welfare program for advanced education.

I have had my own economic problems due to changing economic conditions (22% rev loss for 3 yrs) but I deal with it, don't complain, and i never have and never will ask for or accept a government handout.