Comments by "L.W. Paradis" (@l.w.paradis2108) on "Biden FLUBS Question About Israel Rafah Invasion, Names WRONG City: Watch" video.

Robby: why was in-state college tuition once something that kids paid in full, on their own, with a summer job?
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Was he able to name any city of the region correctly? I missed the beginning.
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This time, Robby condescended toward her. Robby: why was in-state college tuition once something that kids paid in full, all on their own, with an ordinary summer job? Why was rent affordable for anyone working full time? If state universities were subsidized through state taxes, like they once were, it would create DOWNWARD pressure on all tuition. On the other hand, loans are just like leverage, and create UPWARD pressure on all tuition.
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@ffffnnnnul2125 Look into leverage. For example, consider what buying stocks using leverage does to the risk and reward. Financing college using earned dollars is not the same as borrowing against future earnings. A state subsidy of state universities holds the line on tuition, and private colleges feel the pressure to follow suit, at least to some extent. Letting all colleges set their tuition as they see fit, more or less, while underwriting loans (which means borrowing against future earnings) will always create upward pressure on tuition. You find money to pay for it that doesn't actually exist yet, in the sense of having been earned. And needless to say, the states cannot "print" money the way the federal government does. Liberalized bank lending for mortgages forces home prices upward as well. You already know this. I'm just pointing out what you basically know.
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Why was in-state college tuition once something that kids paid in full, on their own, with a summer job?
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@buffhardback7595 If state universities were subsidized through state taxes, like they once were, it would create DOWNWARD pressure on all tuition. On the other hand, loans are just like leverage, and create UPWARD pressure on all tuition. (You know about leverage, correct?)
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She didn't vote for either --- or for Hillary.
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Then why was in-state tuition something a minimum wage summer job used to cover easily? Why could two roommates working for a bookstore afford Manhattan rents? (Why were those kids more resourceful and mature?)
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@iansansburn4619 Well, starting work at 16 and paying your own way through, and being expected to, teaches you things that parental support and taking on debt cannot. Yes, I agree they had more purchasing power per dollar they earned --- and that is GOOD for building character. Work is supposed to get you somewhere. You're not supposed to work hard and yet not afford necessities. Most people I know who made serious money made it in stock trading, not through earning it.
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Why was in-state college tuition once something that kids paid in full every year, on their own, with an ordinary summer job? Why were there affordable rents in every city, for anyone who worked full-time? A minimum wage worker needed a roommate, not a trust fund, to live on Manhattan. You are no dolt, so tell us.
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@ffffnnnnul2125 I hope they let you see my explanation.
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This time, Robby condescended toward her. Robby: why was in-state college tuition once something that kids paid in full, all on their own, with an ordinary summer job? Why was rent affordable for anyone working full time? If state universities were subsidized through state taxes, like they once were, it would create DOWNWARD pressure on all tuition. On the other hand, loans are just like leverage, and create UPWARD pressure on all tuition. Get it?
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 @DeckKnight But it wasn't loans at all. That's just the point. All of this is leveraged now.
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Rich people do live in reality: 1. Lobby for lower taxes. 2. US runs deficits, so buy T bonds to finance the deficit. 3. T bonds pay YOU interest, which comes from (other people's) taxes. That's pretty real, huh?
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Take a look at the deficit, which the rich lobby for. Instead of paying taxes, they buy Treasury bonds, and we pay them interest. From our taxes. And they can afford the ad men to convince you that's better. 😂
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And rich people never pay their fair share, the US runs huge deficits, the rich buy Treasury bonds to finance the deficit, and WE pay THEM interest, from our taxes. And that's too many steps for the average person with an American education to follow. Reagan knew what he was doing when he gutted mathematics education all right.
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@link10909 So . . . The US cannot manage these costs somehow, when countries with lower per capita GDP somehow manage. Why was in-state college tuition once something that kids paid in full, all on their own, with an ordinary summer job? Why was rent affordable for anyone working full time? Why was a roommate needed to live in NYC --- not a trust fund? If state universities were subsidized through state taxes, like they once were, it would create DOWNWARD pressure on all tuition. On the other hand, loans are just like leverage, and create UPWARD pressure on all tuition.
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Why was in-state college tuition once something that kids paid in full, all on their own, with an ordinary summer job? Why was rent affordable for anyone working full time? If state universities were subsidized through state taxes, like they once were, it would create DOWNWARD pressure on all tuition. On the other hand, loans are just like leverage, and create UPWARD pressure on all tuition. Financing college using earned dollars is not the same as borrowing against future earnings. A state subsidy of state universities holds the line on tuition, and private colleges feel the pressure to follow suit, at least to some extent. Letting all colleges set their tuition as they see fit, more or less, while underwriting loans (which means borrowing against future earnings) will always create upward pressure on tuition. You find money to pay for it that doesn't actually exist yet, in the sense of having been earned. Liberalized bank lending for mortgages forces home prices upward as well. You already know this. How did they fool you into not knowing it?
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@chankston7954 Barely. Fifty years ago, they were almost entirely supported by state taxes. And that was when a summer job covered a full year. Look into leverage. For example, consider what buying stocks using leverage does to the risk and reward. Financing college using earned dollars is not the same as borrowing against future earnings. A state subsidy of state universities holds the line on tuition, and private colleges then feel the pressure to follow suit, at least to some extent. Letting all colleges set their tuition as they see fit, more or less, while underwriting loans (which means borrowing against future earnings) will always create upward pressure on tuition. You find money to pay for it that doesn't actually exist yet, in the sense of having been earned, but is created for the purpose, by the federal guarantee. This part you understand. Liberalized bank lending for mortgages forces home prices upward as well. You already know this. Of course that created the conditions for the 2008-2009 collapse.
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💯
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Okay, Robby: Rich people lobby for lower taxes and get them. Then, the US runs a huge deficit, the rich buy Treasury bonds, and our taxes pay them interest, on the regular. So, not only do they not pay their fair share, our taxes go to their pockets. Nice, huh? 😂
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Why was in-state college tuition once something that kids paid in full, on their own, with an ordinary summer job? Why could two roommates working for minimum wage afford to rent in New York or San Francisco? (And pay for the gas to get there?)
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