Sunday, January 6

Green Party Wants Corrupt Politicians To Forgive Students

There are so many problems with the current thinking about solutions to the student debt crisis. The Green Party is now another part of the problem. Why you ask? Because the Green Party doesn't rely on what is already available to protect students. Article 1, Section 8 of the Constitution says bankruptcy laws that are not uniform are unconstitutional. Yet Jill Stein of the Green Party says:

  • Continue printing money at an unprecedented rate, just print more to pay for school loans
  • Expect the public to endure the inflation of endless money printing to paper over the school debt problem
  • Continue to push greater debts on the public
  • Wait for Congress to act
  • Let the Fed and the Congress work together to forgive students for debts
  • Don't bring up the Constitution to remedy the solution.  
  • The Greens are looking to establish status among students with a Utopian solution

Jill Stein is making an attempt to build a vote buying plank with students and their families.

Press Release By The Green Party: 

Green Party calls for a Student Debt Jubilee, urges student protests against skyrocketing tuition costs

WASHINGTON, DC -- Green Party leaders spoke out on education at the beginning of the New Year and called for a student debt jubilee and free tuition to state colleges and universities in 2013.

Jill Stein, 2012 Green Party nominee for President: "A student debt jubilee, with forgiveness for all student loans, would be more than just a New Year's gift for students and former students enduring crushing student loan debt while facing dim prospects in today's job market. Freeing students from the debt trap would be comparable to the GI Bill, enacted after World War II, which sent millions of veterans to college and helped jumpstart America's postwar period of unprecedented prosperity. Instead of buying up $40 billion a month in toxic mortgage securities, we should be buying up student loans and forgiving them. Instead of bailing out the banks, whose waste, fraud, and abuse caused the economic crisis, we should be bailing out the students who are the victims of that crisis."


Politicians are always wanting to push the debts of one group onto another group, encouraging dependency behavior that won't benefit the students in the long run.  

Students, former students and their families that are in debt for school loans have a better interest in spreading the word that nonuniform bankruptcy laws are unconstitutional, and making their views on this subject known to their state attorney generals and representatives. The correct solution is a legal solution, because the remedy is already in the Constitution.  

The reestablishment of uniform bankruptcy privileges through Constitutional rights litigation is the way to go.  If the Green Party wants to be remembered in 2016 let them organize a lawsuit against the Feds and put up some money for the case. 

Debt forgiveness doesn't do anything to put colleges and universities out of business that aren't delivering value in their product.  The collapse of the debt bubble by removing artificial support of the debt market will pop the bubble and ineffective universities will be culled from the herd.  A massive herd culling is the natural result of what is happening now.  The bubble can be deflated now with some significant pain or the bubble goes to the natural conclusion and bursts with massive pain, taking even more of the universities and colleges down. 

Its amazing that a politician like Stein and the other Greens mentioned in the article, always come up with the idea that Congress and the bankers should work together to help students.  Nobody challenges the underlying assumptions.  For one thing corrupt politicians and predatory bankers have already worked together on the situation creating the current debt crisis.  They have the students right where they want them.  This situation didn't just happen.  

Does an antelope say, "Please Mr. Cheetah, don't eat me"?  He can plead, but it won't stop the attack.  Don't rely on the people that got you into the mess to get you out of the mess.  Don't rely on predatory politicians and bankers to "forgive" your debts.  You will only be opting for disappointment and more years in debt slavery. 

Someone needs to sue the Feds immediately to reestablish uniform bankruptcy protection which is provided in the Constitution. 

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