Nonetheless, I wasn’t quite aware of how bad things were “out there” until I happened upon a bunch of blogs written by out-of-work JD’s who are facing a mountain of debt, zero job prospects, and no way out except for leaving the country for good. Here’s but a small sampling: Exposing the Law School Scam, But I Did Everything Right, Jobless Juris Doctor, Children of Debt, and others. Granted, many of these blogs and their commentators have the whiny tone of those who feel entitled to something more, something better, than they got as the economy cratered. Maybe some of them were bamboozled by the legal-industrial complex, and deserve everything they get. I find it somewhat difficult to summon up a lot of outrage and sympathy on behalf of these unemployed lawyers, given that I’m still carrying six-figure debt from my stint at law school.I wonder why he doesn't feel outraged when he's a victim as well. Sounds like someone's politics are getting ahead of his financial status. My brother suffers from this as well. When you speak to him about the plight of the poor in this country, he sounds like a millionaire, but he is no where near a millionaire. You have to reach a certain tax bracket before saying things like "they deserve everything they get."
He continues with the following:
The unemployed JD’s (and others who have made poor choices and taken on massive education debt on the promise that education leads to higher incomes) would love to strategically default on their debt. Actually, they’d love to default, period, on their debt and start over. Unfortunately for them, that is not possible. Student loans, you see, are not dischargeable in bankruptcy. The only option for someone unemployed, but carrying massive educational debt, is to flee the United States.Ironic, isn't it? We're the ones that made poor choices, but he has more debt than I do. I don't have that much debt because I went to law school on scholarships, but I still resent every penny that I pay and because of when I graduated, the interest is usurious. Does that mean that I made a poor decision, or I graduated at the wrong time?
But I do agree with his general point, which is:
I believe conservatives (and by extension Republicans) should take the position that what is needed is not moralizing to debtors (no matter how stupid their individual decisions may have been), but restoring the bankruptcy code to its original intent: providing a fresh start for individuals and companies.He seems to admire our zeal though:
The passion amongst this generation about the education bubble is intense, judging by the blogs and comments of the unemployed JD’s (and these are supposedly among the more successful of the Millenials, given that they finished college, studied enough to get into law school, then graduated with law degrees).
We are passionate about the education bubble. Instead of dogging us, you should join us. No need for criticism. But I'm not upset. Every article posted that features our blog, will spread the word that an education should be affordable or at least somewhat reflect your actual income when you graduate. Oh yah, you deserve your debt as well, TheSophist. But I hope you will be able to discharge it one day, if that serves you well. Thanks for the publicity.