Student loan garnisheeing topped $176M in three months

Which you seem to be expressing, that you understand what they are going through. But you don’t seem to think that student loan issues are a crisis, most especially for the working poor. I’m having a hard time squaring those two things, I guess.

Yet, you’re saying you have no sympathy for them? These are the people who are deeply in debt, not some mythical privileged kid who is being irresponsible with their money. The person you seem annoyed with and have no sympathy for really doesn’t exist.

Look, we’re telling you that the experiences you had in college, regarding funding and debt, are not the same situation. Things have changed and the vast, vast, Vast majority of people in debt up to their eyeballs are there because they did the same thing you did, just that they are having to take a bigger financial hit than you did for it. I’ve mentioned this several times and you’ve not addressed this point at all. I wish you would, because that’s sort of the core argument I’ve made here.

You don’t want to have sympathy, that’s fine, but this is going to be a problem for the whole country if a large amount of people have to default on these loans. They are out of control and something needs to be done. This is the housing bubble, but maybe even worse, because it’s hitting the largest generation out there right now. This is not going to be pretty. So, you maybe don’t need to have sympathy, but you should at least feel concerned. We all should be.

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