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Why I Defaulted on My Student Loans (Inside the mindset of the liberal entitlement philosophy)
New York Times ^ | June 6, 2015 | LEE SIEGEL

Posted on 06/08/2015 5:27:26 AM PDT by Sir_Humphrey

Years later, 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 take a job that I didn’t want in order to repay the huge debt I had accumulated in college and graduate school.

Or I could take what I had been led to believe was both the morally and legally reprehensible step of defaulting on my student loans, which was the only way I could survive without wasting my life in a job that had nothing to do with my particular usefulness to society.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: Culture/Society; Government
KEYWORDS: 3rdthread; costofcolleges; donatetoday; duplicate; liberalentitlement
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To: Sir_Humphrey

“The millions of young people today, who collectively owe over $1 trillion in loans, may want to consider my example.”

Make that stunt popular, and the whole student loan industry will dry up fast. Students will go from “golly, the debt I knowingly signed up for is as big as they said it would be” to “golly, school is expensive and NOBODY will loan me money because students can’t be trusted with big loans”.

Think it thru, people.

...oddly, that brings the Left around to the stark realities which the Right understands.


41 posted on 06/08/2015 6:09:24 AM PDT by ctdonath2 (Hillary:polarizing/calculating/disingenuous/insincere/ambitious/inevitable/entitled/overconfident/se)
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To: Sir_Humphrey

Debt is power. I suspect this is the first step in a debt cartel intended to be the final phase of Cloward-Piven.


42 posted on 06/08/2015 6:10:13 AM PDT by Buckeye McFrog
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To: Sir_Humphrey

IOW - a “liberal”...


43 posted on 06/08/2015 6:10:15 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Sir_Humphrey

He only has to hold out a little while longer until President Lieawatha forgives his loan.


44 posted on 06/08/2015 6:11:31 AM PDT by Buckeye McFrog
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To: Sir_Humphrey

She never has said exactly how she supposedly got out from under the onus of a default. She mentions all sorts of ways to prepare/react from Offer in Compromise to marry some fool with good credit, but never says that’s what she did.

Supposedly, she’s written five books on Money. Where did those proceeds go and why didn’t the government go after those profits?

I just want to know how this b!tch can feel so safe in bragging about it and apparently not suffering any consequences. Paying an Offer in Compromise is one thing, still working and making a living and not having earnings garnished is another. There’s just too many questions left unanswered here for something that purports to be ‘journalism’.


45 posted on 06/08/2015 6:13:24 AM PDT by Gaffer
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To: Sir_Humphrey

His mother co-signed. That means she was hit with the phone calls, garnishments etc. What a charming son.


46 posted on 06/08/2015 6:15:43 AM PDT by GOPJ (If the MSM stops lying about conservatives, we'll stop telling the truth about them.)
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To: GOPJ

I know a girl who was dumb enough to marry a guy who defaulted on his student loans. Everyone was out looking for him so he went underground, worked under the table, and became legally invisible. No fun being married to someone like that.


47 posted on 06/08/2015 6:17:38 AM PDT by Buckeye McFrog
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To: Sir_Humphrey

Liberal loser mooch!!!


48 posted on 06/08/2015 6:20:14 AM PDT by ontap
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To: ctdonath2

The student loan industry should dry up.


49 posted on 06/08/2015 6:22:22 AM PDT by zek157
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To: pepsionice
I think all college loans ought to be limited to $30,000.

Do you mean a personal decision? Or a government enforced policy?

50 posted on 06/08/2015 6:28:30 AM PDT by thackney (life is fragile, handle with prayer)
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To: IamConservative

Variant...

Science: why does it work?
Engineering: how does it work?
Management: what makes it work?
Liberal arts: you want fries with that?


51 posted on 06/08/2015 6:31:14 AM PDT by ctdonath2 (Hillary:polarizing/calculating/disingenuous/insincere/ambitious/inevitable/entitled/overconfident/se)
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To: rochester_veteran

I am proud to say that my daughter and her husband paid off their student loans of $60K within 3 years of graduating and getting jobs. It was their first priority.

They’d be really mad if Obama started forgiving student loans.

They did the right thing.


52 posted on 06/08/2015 6:31:23 AM PDT by super7man (Oh why did I post that, now I'll never be able to run for Congress.)
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To: Texas Eagle

As with most liberals of his ilk...a total waste of sperm and egg. He’ll probably wind up writing for Mother Jones if that.Great career move, A hole.Meanwhile, hard working people , the people that you no doubt mock, have to foot the bill for your pipe dream. Please drop dead at your earliest convenience.


53 posted on 06/08/2015 6:33:13 AM PDT by Mingia (I don't fall off of bicycles.I'm John Kerry ,former donut stand co owner, damn it !)
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To: MrB
The author chose his own selfish desires over his incurred obligations and responsibilities.

Yes, because by God, he wanted to be a writer, dammit! He couldn't possibly take any other job that he would be eternally unhappy. He might've made more money and would've been in a position to pay off his loans, but "Waaaah!!" he might've been unhappy.

54 posted on 06/08/2015 6:34:19 AM PDT by Lou L (Health "insurance" is NOT the same as health "care")
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To: edh
...that would mean cutting the useless “fist in the air” programs...

But then, how would they not only get their out of the norm pay increases every year, staff "safe areas", and let all the illegals in for free?

55 posted on 06/08/2015 6:35:37 AM PDT by Calvin Locke
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To: Sir_Humphrey
...wasting my life in a job that had nothing to do with my particular usefulness to society.

Writing is his usefulness to society?

From Wikipedia


Deceptive posting and suspension

In September 2006, Siegel was suspended from The New Republic, after an internal investigation determined he was participating in misleading comments in the magazine's "Talkback" section, in response to criticisms of his blog postings at The New Republic's website and vicious attacks on his character.[6] The comments were made through the device of a "sock puppet" dubbed "sprezzatura", who, as one reader noted, was a consistently vigorous defender of Siegel, and who specifically denied being Siegel when challenged by another commenter in "Talkback". In response to readers who had criticized Siegel's negative comments about TV talk show host Jon Stewart, 'sprezzatura' wrote, "Siegel is brave, brilliant, and wittier than Stewart will ever be. Take that, you bunch of immature, abusive sheep".[7] The New Republic posted an apology and shut down Siegel's blog. In an interview with the New York Times Magazine, Siegel dismissed the incident as a "prank". He resumed writing for The New Republic in April 2007.


-PJ

56 posted on 06/08/2015 6:39:54 AM PDT by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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To: Sir_Humphrey

The moral high ground this puke is claiming is all part of moral relativity, straight from the devil.


57 posted on 06/08/2015 6:40:24 AM PDT by Blue Collar Christian (Ready for Teddy. Cruz, that is. Texas conservative.)
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To: IncPen

someone paid for his education and he benefitted from the theft.

____________________________________________

1. someone paid for his education (true)

2. he benefitted from the theft (false. If only he benefitted. He ended up with some useless BA in literature that was worthless on the open market.)


58 posted on 06/08/2015 6:40:25 AM PDT by Responsibility2nd
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To: Sir_Humphrey

Why would anyone be surprised that a liberal schnorrer would advocate for such behavior?


59 posted on 06/08/2015 6:41:44 AM PDT by DickBrannigan (When did logic become reversed, and right became wrong, and wrong became right?)
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To: Robert DeLong
Quick! Act now and you could be the author's first follower on Goodreads.

lolololololol

60 posted on 06/08/2015 6:42:25 AM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Mississippi! My vote is going to Cruz.)
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