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All Forum Posts by: Susan Maneck

Susan Maneck has started 8 posts and replied 1105 times.

Post: Millennial's growing poorer

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,148
  • Votes 764

On the one hand, I agree that these loans are somewhat predatory. On the other hand, once you're 18, you need to understand some basics of life.....i.e., you take money from other people you pay it back.

Normally we don't loan tens of thousands of dollars to teenagers. And any other debt can be discharged in bankruptcy. Why do we expect more from teenagers than we do from older adults? 

Post: Millennial's growing poorer

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,148
  • Votes 764

"pure speculation" yes, I am sure all of Europe would have been content to sit, unarmed, next to the likes of Stalin with tens of millions of men in the Red Army and the Atomic Bomb.

This theory is easily disproved by the fact that even with the US as an umbrella the English and especially the French spent significant amounts on their own weapons programmes out of a fear we might abandon them.
As to Stalin being interested in buffer states only, that is quite simply wrong. The Soviet Union made the spread of Communism a goal from the revolution until very late in its existence. 

The fact Stalin was after buffer states, is not a theory, it is history. Of course we didn't believe it neither did Britain or France but it is what the historical record shows. And the fact other European countries developed their own nuclear weapons shows they were not depending on the US. 

Post: Millennial's growing poorer

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,148
  • Votes 764

 Had we not spent that money, these nations would either be bankrupt garrison states or speaking Russian.
Sorry, but that is pure speculation. Under Stalin and his successors, Russia was only interested in buffer states. It was the Trotskyites who wanted to spread communism everywhere. 

Post: Millennial's growing poorer

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,148
  • Votes 764
Quote from @Bruce Woodruff:
Quote from @Susan Maneck:

Only one country has ever invoked Article 5 of NATO's mutual defense treaty and it wasn't Canada. In fact, Canada came to our defense when we invoked on 9-11. 


That's not the point either. We spend $800 Bil a year on our military. They spend only $20 Bil. If we weren't providing the safety net for them, imagine what they would have to spend. Oooops, there goes their precious yet highly overrated National HealthCare......

Why would they need to spend more? No one is threatening them. You're deluding yourself that they need our protection. 

Post: Millennial's growing poorer

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,148
  • Votes 764

Again, these are not the students taking out massive student loans. The ones left with huge student loan debts are also the ones with work-study scholarships making minimum wage that doesn't even cover their books. 

Post: Millennial's growing poorer

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,148
  • Votes 764
Quote from @Bruce Woodruff:
Quote from @Susan Maneck:

Those other countries aren't wasting money, they are investing it wisely. 

That is your opinion only. And that's not really the point.

Let us know if you have anything worthwhile to contribute.


Post: Millennial's growing poorer

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,148
  • Votes 764

I would not say I was an extraordinary student, far from it, yet I had no difficulty in getting enough aid that I could work on the side during school and graduate without loans.

Are you a Millennial or Gen-Z? Because if you are any older than that then you went to college went it was much cheaper and financial aid much greater. State legislatures got out of the business of subsidizing their institutions of higher learning which is what created the present situation. 

Post: Millennial's growing poorer

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,148
  • Votes 764

Only one country has ever invoked Article 5 of NATO's mutual defense treaty and it wasn't Canada. In fact, Canada came to our defense when we invoked on 9-11. 

Post: Millennial's growing poorer

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,148
  • Votes 764

That is a false comparison, because there is also plenty of aid these days for "those who qualify" ie. good students.

And any time someone is suggesting we join "the rest of the developed world" I know something is wrong with the picture. The rest of the developed world gets to waste a lot of money on social programs because we pay for their defense. Unfortunately, we can't act like them because the buck stops with us.

You have to be an extraordinary student to get "plenty of aid." 

Those other countries aren't wasting money, they are investing it wisely. The NATO agreement was that every member would contribute 2% of their GDP for defense. If we did that we would still have the largest military in the world by far. I'd much rather see us "waste" money on things that actually benefit people than the military.  

Post: Millennial's growing poorer

Susan ManeckPosted
  • Investor
  • Jackson, MS
  • Posts 1,148
  • Votes 764

Note, I said developed countries not the developing world.  There is a big difference. There are fraternities in Europe but I have to say that the students I know who join fraternities in the US are typically not the same ones taking out student loans. Also, in Europe they have dormitories but they are not directly connected to the universities. Most students do not live at home. They don't usually start universities a year or two earlier, but if you are not college bound you will likely graduate at 16 and start an apprenticeship. A BA usually takes 3 years to complete and are much more specialized from the start. You are more likely to find philosophy majors in Europe than in the US. More and more students in the US *are* taking college-level general education courses while they are still in high school. My son took twelve AP courses while he was in high school.