On: More Than 40% of Student Borrowers Aren’t Making Payments

[sooper]

In New Zealand the Government has started to arrest defaulters at the border[1]. This may not work as well for US as I am not sure of the percentage who travel outside the country versus NZ.

[1] http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objecti...

[Daishiman → sooper]

Wow, modern-day debtor's prisons making a comeback. Welcome to the Middle Ages.

[ArkyBeagle → Daishiman]

Alex Tabbarok wrote what I consider an extremely good piece about the relationship of this with the trouble in Ferguson, Mo over the last few years: http://marginalrevolution.com/marginalrevolution/2014/08/fer...

[magicGLASSman → Daishiman]

Most our tax dollars go to pay down the interest on our countries debt and you go to prison if you don't pay your taxes. Crazy Days

[paulmd → magicGLASSman]

Absolutely false, interest payments make up only 6% of Federal spending.

https://www.nationalpriorities.org/budget-basics/federal-bud...

[stellar678 → magicGLASSman]

Hardly - try 6% of our tax dollars.

https://apps.irs.gov/app/understandingTaxes/whys/thm01/les01...

[Daishiman → magicGLASSman]

There's a different between taking your assets and sending you to jail.