Should students be forgiven their debt?(yes another copyposta)

Think this billions of dollars in lost revenue will get by the super committee?

It is always easier to track government spending than government earnings (receipts).

For a long time, they just avoided all of this silliness by just creating more money. Soon, we will all miss those days.

The 2008 campaign caused lots of young people come out and vote, because they were "energized" by Obama's candidacy (they either liked him or hated him, but it caused them to vote)

I wonder if one of the parties will seize on this issue.

When I was in grade school, I once voted for a class president who promised she would reduce the amount of home work we would be given. ...this would be sort of similar.

I am glad the UAW has finally seen the light. By agreeing to lower entry level wages to $14, it may save the American auto industry.

http://www.businessweek.com/magazine/the-uaws-bargaining-dilemma-wages-or-jobs-09152011.html

As we look back 10 years from now, I hope people don't believe that government saved the industry, simply because it gave it loans when it was broke.

I think one of the car companies should have been allowed to fail. Chrysler is likely to fail despite the loans and the reduced wages.

Ford has made most of its earnings from overseas for quite sometime.

...but you are right, the government seems to have broken even on the loans to the car companies.

However, I fear that we do not have the courage to let a car company fail.

....Chrysler may have its hand out again soon, let's see what we do.

Yes, from my understanding, Ford consistently makes money. It has become truly global, kept wages and benefits under control, and (gasp) builds a quality car.

Chrysler seems to do none of the above. ....let's see if those Italians can turn it around.

Maybe the auto industry has become like some local hospitals; They have little incentive to cut costs or improve output because they know the government will bail them out.

Boygabriel said:

Why is bailing out the car companies reckless?

A lot of it has been paid back and it kept 10,000's of Americans working.

In fact both Ford and Nissan have recently moved production TO this country b/c of the auto industry revitalization.

You can't seriously lambast the financial bailouts and champion the auto bailouts. A weak company is a weak company, a job not worth saving is a job not worth saving.

I think we should gradually reduce the "life support" we are presently willing to provide to automakers, and allow them to slowly die or find their own way. I hope they succeed, but see no need to not embrace the pains and gains of free trade and globalization. Although it is an ideal that will never be achieved, I believe in working toward Pareto Efficiency, not away from it.

I think we should gradually cap the amount of financial aid we are willing to provide to students. While everyone should be eligible for aid, we should develop a way to base the amount they borrow on their ability to pay it back in the future. Private schools, and for-profit schools would take a big hit under my plan.

I think we should let the stock market swing more wildly, causing investment firms who take too many risks with their investor's money to fail. By letting this happen regularly, we could avoid situations in which we are so dependent upon a very few big firms that we must rescue them (this is what happened in 2008).

What I think should happen, won't.

You are trying to make this into yet another conversation on health care, instead of one about a world in which government has a decreased role in protecting people from the natural consequences of their actions and market forces.

-American companies (such as Chrysler, and perhaps GM) which can not compete globally, should sadly fail.

-People who are at the end of their lives and/or can not afford a fancy life saving treatment they can not afford, should sadly die.

-Students who borrow more student loans than they can afford to pay back, should sadly have to declare bankruptcy.

I can not change these facts, and I do not believe that you can change them either. At best, government intervention can postpone the inevitable.

-Government can provide a safety net to those who become temporarily unemployed, and allow industries to shrink over time.

-Government can force people make better choices about student loans over time.

-Government can force people to become more involved in their investments over time.

-Government can force people to accept that death is a natural part of life.

However, government can not actually negate these realities.

Please do not try to tax me in order to pursue policies that negate these realities. I will oppose you.

Please don't accuse me of not being as sympathetic to others pain and suffering, or enjoy seeing pain. ...when you do so, you lose any credibility. I will ignore you.

Please do not believe we can somehow provide our residents benefits which exceed our means and our willingness to pay for them. I will resent you passing the bill to the next generation.

Thank You.

I am not a protectionist.

You seem to be a protectionist in the broadest sense of the word: You seem to believe that government has a permanent obligation and ability to protect people from themselves.

I believe there lots of things government could be doing to improve this country, I believe that it does a disservice when it props up failing industries and creates myths of prosperity and omnipotence.

I think we should ADAPT to globalization, not fight it.