Sunday, February 2, 2020

Alan Collinage of Student Loan Justice.org, the newest poster child for definition of insanity.

Yes, I am talking about one person.
Seems both myself and one other have been kicked off his face book group for suggesting the solution to the student loan problem does not belong with the do nothing congress, rather with the courts.

The definition of insanity is to do the same thing over and over and expecting a different result. 30+ years now Alan has been begging congress to fix this problem, and yet no one does and they only TALK about it during election years.

Isn't it time we try something else?

When congress first suggested removing bankruptcy protections from student loans, prominent law professors expressed their concerns that doing so would create a 2nd class citizen. And now we have proof it did.

We now have a student loan financial bubble about to burst and its over 1.7 Trillion dollars. There is a solution, but the US congress and the bansters will never accept it. And it does not require bankruptcy. It does require students to pay off their principal, without penalty and without interest.  Other wise the entire 1.7 trillion will be eaten by the financial industry in the USA.  So they need to bend a little. Also, government needs to get out of the student loan business and never return.

They could not run a post office.
They totally mismanaged the social security trust fund.
They totally mismanaged  student loans.

Time for them to stick to the Constitution and stop the social experiments that always end in failure.

And its time for Alan Collinage of Student Loan Justice to stop banging his head against the wall and consider other options.