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Edited on Thu Jul-28-11 05:21 PM by bainz
1. Anyone with a student loan would immediately have more discretionary income to work with.
-why borrow money for something that wont pay back? And, in my experience (while it may be anecdotal), 3DOs, TV's and beer where purchased with student loan money.
2. Trust fund babies would now have to work because with an increase in smarter people comes increased competition to crush the idle wealthy out of existence.
-why pay for the "sins" of your father?
3. Businesses would prosper not only from the discretionary income available to people with no student loans, but also from the wealth of smart people now available to fill jobs that go to H1B visa holders.
-define "smart." I know of businesses with "smart" people working there who don't need a degree that are run by "smart" people who may be lucky enough to have a GED from the 70's.
4. America, with its ingrained sense of can do coupled with smart people developing smart solutions crushes the economies of China, Russia and India.
-if you think America has a "can do" attitude, you might want to talk to your fellow American.
You seem, to me, to confuse the economy with "smarts."
The only smart people I know . . . sweat.
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