Don’t Go To College: How To Fix The Broken Education Debt Pipeline

Young, skilled workers can be free, financially and intellectually, in a way that indebted and indoctrinated former college students aren’t.

Finance guru Dave Ramsey blasts 'horrible and evil' student loans — but adds that student debt should not be forgiven



Christian finance guru Dave Ramsey says that the United States needs to stop making student debt — but that doesn't mean that he believes in loan forgiveness.

What are the details?

Last week, Ramsey tweeted that people shouldn't create student loan debt at all — and instead opt to pay cash for higher education and attend community college or trade school.

He wrote, "Maybe before we forgive student loan debt, we should stop allowing student loan debt..."

Maybe before we forgive student loan debt, we should stop allowing student loan debt...
— Dave Ramsey (@Dave Ramsey) 1652193720

He expounded on that remark with Insider and said that politicians like President Joe Biden are being "intellectually dishonest" when talking about forgiving student loans, but continuing to allow students and their families to continue taking them.

"If we believe student loans are so horrible and evil, which I do, then we should stop making them," Ramsey reasoned. "It's intellectually dishonest for politicians to run around talking about forgiving student loans while they're still making them."

Insider reported that Ramsey previously added that student debt cancellation was nothing more than "hogwash" and that saying canceling the debt would stimulate the economy is simply "smoke and mirrors."

Ramsey added that students intent on pursuing higher education should, instead, pay cash for college and university, or attend community colleges or trade schools.

What else is there to know about this?

In October, Ramsey told Fox Business that the very idea of student loan forgiveness is a scam.

"98% of the people that applied for that so far have not gotten forgiveness, only 2% – that's known as a scam," Ramsey said at the time. "If you become disabled, you have always gotten your student loans canceled. ... If you got defrauded by a school that went out of business, you get that student loan canceled."

"The [loan] cancellation that [Democrats] are all bragging about — that doesn't work," he insisted.

Ramsey continued, "America put its nose in the air and snubbed anyone who didn't get a four-year degree for the last five generations. ... It became a thing that if you didn't go to college, you weren't going to be successful," insisting that the notion is a "culture-wide con."

"The victims are 18-year-olds in this, and it's sad," Ramsey continued. "They're delaying having kids. They're delaying getting married. They're delaying buying houses because they're swamped and covered up and overwhelmed with this debt that they signed up for and did what everybody told them to do."

He concluded, "It's an irony of ironies that in America, we're stupid about education."

Warren Buffett slams Wall Street for becoming a 'gambling parlor'



Warren Buffett, the CEO of Berkshire Hathaway, condemned Wall Street for encouraging speculative behavior in the stock market, effectively turning one of America’s largest financial institutions into a “gambling parlor.”

The 91-year-old executive made the comments on Saturday during his company’s annual shareholder meeting. The primary targets of his criticisms were investment banks and brokerages, CNBC reported.

Buffett said, “Wall Street makes money, one way or another, catching the crumbs that fall off the table of capitalism. They don’t make money unless people do things, and they get a piece of them. They make a lot more money when people are gambling than when they are investing.”

Buffett suggested that American companies have become “poker chips” for market speculation citing the drastic increase of call options since brokers make more money from using them instead of simple investing strategies.

He also suggested that the current situation could cause market dislocations that ultimately benefit Berkshire Hathaway by giving them new opportunities. Buffett indicated that his company unleashed its cash hoard and spent $41 billion on stocks in the first quarter of 2022.

“Markets do crazy things, and occasionally Berkshire gets a chance to do something,” Buffett said.

Charlie Munger, Buffett’s 98-year-old long-time partner and Berkshire Hathaway vice chairman, said, “It’s almost a mania of speculation.”

Munger continued, “We have people who know nothing about stocks being advised by stockbrokers who know even less. It’s an incredible, crazy situation. I don’t think any wise country would want this outcome. Why would you want your country’s stock to trade on a casino?”

The two executives took aim at the apparent abundance of retail traders, many of whom journeyed into the stock market for the first time during the early stages of the COVID-19 pandemic boosting prices in their wake. Their spending frenzy was marked by meme-inspired spending trends from Reddit and other online message boards.

However, it appears that the beginner’s luck of these investors has run out as the stock market is currently putting many in the red with a considerable downturn. So far in 2022, the Nasdaq Composite index is down 21%, the S&P 500 shrank by 13%, and the Dow Jones Industrial Average has fallen by more than 9%.

Buffett has a long record of disparaging investment bankers and their institutions, suggesting that they encourage mergers and spinoffs to “reap fees” instead of prioritizing the improvement of companies.

Buffett also noted that his company would always be cash-rich and would be “better than the banks” at extending lines of credit to companies during periods of economic distress.

Dave Ramsey: Don’t let FEAR derail your financial plans

Dave Ramsey: Don’t let FEAR derail your financial plans

Dave Ramsey replies to social media outrage over his comments on the stimulus: 'I have upset and melted many snowflakes!'



Personal finance guru Dave Ramsey was surprised when his comments against the proposed $600 stimulus went viral on Twitter and he offered a fiery response to all his critics.

"So apparently this is worth discussing. Because according to Twitter it's the number one thing on Twitter right now," said Ramsey on his show Thursday.

Ramsey had said during an interview earlier that he was opposed to a $600 stimulus relief check proposed by lawmakers.

"So I said on Fox News this morning, that I don't believe in the stimulus check because if you get $600 or $1,400 and it changes your life, you didn't have a life, you're already screwed," explained Ramsey.

"And apparently that's news to people. It's like, apparently, I have upset and melted many snowflakes!" he exclaimed.

"I mean, honestly, I thought it was a fairly obvious thing! If $600 changes your life, your life really sucks! You don't have a life, you're screwed!" he added.

Ramsey jokingly referred to himself as an "elite boomer" when explaining the outrage against him to his co-host, John Deloney.

"If you really believe $600 is going to change your life, you're an idiot! Really!" he added. "I mean I've been broke, and I never even then thought $600 would change my life, back when $600 was a lot of money!"

Ramsey went on to explain that he wasn't intending to "poor-shame" people, as his critics accused, but only pointing out that many people needed to improve their financial standing so that they wouldn't depend on a check from the government to improve their lives.

"My point is that they're lying to you, they're not really helping you!" said Ramsey of the government.

"You already had major structural crap in your life, you're struggling with mental illness, you've struggling with a career problem, you're struggling with a work ethic problem, with character issues," he explained.

"The point is you're looking to government to fix your life," Ramsey continued, "and as long as you wait on Washington, D.C. to save your life, you're gonna suck, your life is gonna suck!"

Ramsey said that people needed to save money and get out of debt in order to not depend on the government.

"I dared to suggest that the government is not going to fix your life, I dared to suggest that they can't fix your life, that it's up to you to fix your life, and you're not gonna have a good life as long as you wait on them to fix it," he said. "I dared to suggest that, and so snowflakes are melting everywhere, they are going bananas!"

Ramsey included both Republicans and Democrats in his estimation of government, and also spoke about the bad habits and actions that led to him being bankrupt and how he changed his behavior to take responsibility for his own life.

Here's the response from Dave Ramsey:

If a $600 Stimulus Check Changes Your Life, Then You're Already Screwed!youtu.be