Post-Pandemic Economy

gmase

Nattering Nabob of Negativism
Cool kids can code and analyze the results. Data analytics is where it's at. 🐬
 

Luxman

#TRE45ON

Luxman

#TRE45ON
Matlab is terrible as a programming language. It's a scientific calculator with a programming language tacked on. Sure it's good for hardcore number crunching, but so is C++ with the right libraries, and it's more logical. Never played with python but I know a lot of people dig it. I'll stick with the .NET languages.
 

gmase

Nattering Nabob of Negativism
Matlab is terrible as a programming language. It's a scientific calculator with a programming language tacked on. Sure it's good for hardcore number crunching, but so is C++ with the right libraries, and it's more logical. Never played with python but I know a lot of people dig it. I'll stick with the .NET languages.
C++ was in the mix as well. Hardcore-number crunching is exactly what they do.
 

Luxman

#TRE45ON

Theopolis Q. Hossenffer

I am in America, not of it.
Policy expert says cancelling student debt may be easiest way for Biden to pass stimulus without Senate
https://thehill.com/hilltv/rising/5...-multiple-ways-he-can-cancel-out-student-debt
I just can't get around the wholesale elimination of debt. My daughter was one who was buried in debt for a degree she hasn't used but when you make the choice to take it on it is yours. Restructuring, reduced interest, sure. Make it doable. But just wash it away. No. Then people like me are gonna say what about my house, why do I have to pay for that? Or my car. The list can go on and on.
 
But just wash it away. No. Then people like me are gonna say what about my house, why do I have to pay for that? Or my car. The list can go on and on.

Education is a public asset. All of society benefits from higher education. When you're told from birth that the only way to succeed is to get a degree and you'll have it made in the shade if you get one you tend not to worry about the 100k debt you're racking up at a ridiculous interest rate, because you've been taught that the alternative is poverty and destitution.
With the amount of an average student load repayment thousands of Americans could suddenly buy houses, or new cars, or open businesses, because they're no longer crippled by that debt, which would boost the economy. I'd be interested to see what the total cost would be, compared to how many trillions have just been handed to billionaires over the last decade, which does NOTHING to stimulate the economy.

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I just can't get around the wholesale elimination of debt. My daughter was one who was buried in debt for a degree she hasn't used but when you make the choice to take it on it is yours. Restructuring, reduced interest, sure. Make it doable. But just wash it away. No. Then people like me are gonna say what about my house, why do I have to pay for that? Or my car. The list can go on and on.
Agreed.
Also, for those who paid off their education in lieu of buying a house/car etc, it feels like, to paraphrase a great movie: "they chose...poorly". Literally.
It doesn't seem fair to those who made that choice. If after graduation, someone chose to ride the bus to work or live in a crappy apartment in order to pay off their student loans, rather than take out additional loans to buy a car etc, it feels like they are being punished for that choice.
 
Agreed.
Also, for those who paid off their education in lieu of buying a house/car etc, it feels like, to paraphrase a great movie: "they chose...poorly". Literally.
It doesn't seem fair to those who made that choice. If after graduation, someone chose to ride the bus to work or live in a crappy apartment in order to pay off their student loans, rather than take out additional loans to buy a car etc, it feels like they are being punished for that choice.

That's a pretty bullshit argument. Lots of people lost all their money before the FDIC started guaranteeing bank deposits. Lots of people became homeless after natural disasters before FEMA started helping out. And there were a lot of people who got injured or killed in the workplace before OSHA came along. Not having helped people in the past is not an excuse for not helping people in the future.
 

Theopolis Q. Hossenffer

I am in America, not of it.
Paying on your obligations used to be considered a virtue. Taking "Charity" was an embarrassment. Now almost all has changed. Weaseling out of your debt is a way of life for some. The idea of massive debt erasure will drive many more right back into the Trump cult when He or his surrogates scream Socialism at the top of their lungs. Can't imagine it happening. Dream for the future. Only reasonable way is to steer many if not most into apprenticeships or job training. Get paid to learn. Pressure not to got to college is dying off already due to debt and lack of jobs when they get out. We need many more plumbers and technicians than we do lawyers.
 
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gmase

Nattering Nabob of Negativism
Paying on your obligations used to be considered a virtue. Taking "Charity" was an embarrassment. Now almost all has changed. Weaseling out of your debt is a way of life for some. The idea of massive debt erasure will drive many more right back into the Trump cult when He or his surrogates scream Socialisma at the top of their lungs. Can't imagine it happening. Dream for the future. Only reasonable way is to steer many if not most into apprenticeships or job training. Get paid to learn. Pressure not to got to college is dying off already due to debt and lack of jobs when they get out. We need many more plumbers and technicians than we do lawyers.
I agree with you 💯 % here.

Make education more affordable before you wipe out debt. I recently put two students through college via cash and am halfway through with a third student. Erasing debt would be penalizing cash-paying students/parents. If there was a chance at forgiveness, it would have been better to take out loans, pay some nominal interest rate and wait for the magic wand.

That's a pretty bullshit argument. Lots of people lost all their money before the FDIC started guaranteeing bank deposits. Lots of people became homeless after natural disasters before FEMA started helping out. And there were a lot of people who got injured or killed in the workplace before OSHA came along. Not having helped people in the past is not an excuse for not helping people in the future.
No, it's not a bullshit argument at all. What you're describing is quite different. Bank failures, natural disasters, and workplace injuries are all insurable events. As the others have noted, taking out debt is a choice.
 
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