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zota
@zota.bsky.social
Technology therapist, gonzo designer, grey-hat historian. Los Angeles.
295 followers932 following1.2k posts
Zzota.bsky.social

And what was she doing on those days

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Zzota.bsky.social

"public events" in that tracker meaning only in person events where they deliver their stump speech. This is where the goalposts are now? Trump going to some random spot in Queens is better campaigning than Harris going on 60 Minutes?

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Zzota.bsky.social

Are you also known as the "eat you in the revolution" guy on twitter? Cause that seems kinda rough.

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Zzota.bsky.social

Keep those contrarian takes coming and maybe you too can reach Stancil Level.

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Zzota.bsky.social

Since the debt is in fact recovered in average years, this is yet another reason you can shut up about "bad debt." But more fundamentally, the "unrecovered" money from subsidized/forgiven student loans benefits society in the same way grants do. It's not really "debt" and it is quite good.

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Zzota.bsky.social

It doesnā€™t make the debt badā€”education should be available to people who arenā€™t already rich. It makes the terms of that debt bad. Which is why itā€™s better for the feds to service directly rather than pay private banks,and to forgive as much of it as possible. Good talk.

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Zzota.bsky.social

One of the many things you don't understand about student loans is you can never truly default until you're dead. They garnish your wages and take your social security.

The average loan maturity for FY2022 is 17 years, with a weighted average interest rate of 4.68%, average loan fees of 1.31% (1.057% for Federal Direct Stafford Loans and 4.228% for Federal Direct PLUS Loans), a lifetime default rate of 19.13%, and a recovery rate of 104.74%.
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Zzota.bsky.social

For the FFEL program that was eliminated, the government covered all the debt while paying the bankers a fat salary. And the top interest rate prior to 2006 was 8.25%, with no PSLF. It wasn't "bad debt"ā€”it was welfare for investment bankers.

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Zzota.bsky.social

Nice citation of an AEI goon. The government recovers 104% of loans. They *do* make a profit on higher interest loansā€”as your 8 year old article points outā€”but they subsidize undergrad education. Which is the point. It's not "bad debt" anymore than SSI and highway funds are.

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zota
@zota.bsky.social
Technology therapist, gonzo designer, grey-hat historian. Los Angeles.
295 followers932 following1.2k posts