Slashdot Mirror

In the case of student loans, it's because their first experience with debt wasn't an $800 credit card that caused them trouble but a $300,000 school loan that cost them $1.5M to pay off. They're young, naive, and ripe for the taking.

To put it into perspective: Legal college loans are morally equivalent to legalizing sex with anyone 10 years and older. Especially that sweet spot around 12-14 where they have none of the suspicion and all of the romanticism, and you can sweet talk them into anything--love 'em and leave 'em, give them tons of STDs, knock 'em up, pass them around to your friends to pay off your debts, the works. The whole while they're thinking, this is great. Until it isn't, then they're like, my life is horrible and I'm left with a broken vag and ass and fucking strange diseases and somebody's kid I don't know who....

That's basically what student loans do.

Regular bankruptcy is more an economics thing: there's no way this person is ever going to meaningfully pay this off, inflation is going to marginalize the damage his non-payment does, so it's less damaging to society to give him a pass and mark that he's an idiot and you don't want to let him borrow money ever.

You forgot the "Get out of HELL free" cards!

http://www.goohf.com/origin.html

It's easy, just use a Get Out Of Hell Free card.

I'm not sure about jail, but you can get out of hell free

The author of the THIS IS TRUE ( http://www.thisistrue.com/ ) newsletter made these great takeoff of the Monopoly Get Out of Jail cards, called GET OUT OF HELL FREE cards. You can see them here: http://www.goohf.com/

I think what we all need for Christmas is a Get Out Of Hell Free card!

I give the mormons GOOHF cards. Works every time.