Will you still go to law school if the US defaults?

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droges

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Will you still go to law school if the US defaults?

Postby droges » Tue Jul 26, 2011 12:54 pm

So will you?

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The Valkyrie

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Re: Will you still go to law school if the US defaults?

Postby The Valkyrie » Tue Jul 26, 2011 12:54 pm

im going to enlist and get ready for the eventual war with china

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Paraflam

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Re: Will you still go to law school if the US defaults?

Postby Paraflam » Tue Jul 26, 2011 12:54 pm

They won't.

09042014

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Re: Will you still go to law school if the US defaults?

Postby 09042014 » Tue Jul 26, 2011 12:54 pm

The resulting inflation is how i plan to pay for it.

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AreJay711

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Re: Will you still go to law school if the US defaults?

Postby AreJay711 » Tue Jul 26, 2011 12:56 pm

Don't worry about it. The U.S. is borrowing at 2.9% right now so the markets aren't worried about it.

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emkay625

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Re: Will you still go to law school if the US defaults?

Postby emkay625 » Tue Jul 26, 2011 12:56 pm

Excellent thread.

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ndirish2010

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Re: Will you still go to law school if the US defaults?

Postby ndirish2010 » Tue Jul 26, 2011 12:57 pm

Will you still go to law school after the rapture?

Kobe_Teeth

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Re: Will you still go to law school if the US defaults?

Postby Kobe_Teeth » Tue Jul 26, 2011 12:57 pm

Desert Fox wrote:The resulting inflation is how i plan to pay for it.


+1 lol.

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AreJay711

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Re: Will you still go to law school if the US defaults?

Postby AreJay711 » Tue Jul 26, 2011 12:58 pm

Desert Fox wrote:The resulting inflation is how i plan to pay for it.

There is more likely to be deflation than inflation.

droges

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Re: Will you still go to law school if the US defaults?

Postby droges » Tue Jul 26, 2011 1:02 pm

Well, since the interest rate you will be borrowing at will be like 15%, better hope we experience hyperinflation!!

scammedhard

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Re: Will you still go to law school if the US defaults?

Postby scammedhard » Tue Jul 26, 2011 1:47 pm

If the US defaults, government-issued student loans will cease to exist, and anyone planning on using those funds will have have to either find another source of funds (good luck finding 150K), or not go.

droges

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Re: Will you still go to law school if the US defaults?

Postby droges » Tue Jul 26, 2011 4:40 pm

I will highly consider not attending. Not only will interest rates skyrocket, the economy will contract and the duration of such a contraction would probably extend well beyond three years

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Tiago Splitter

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Re: Will you still go to law school if the US defaults?

Postby Tiago Splitter » Tue Jul 26, 2011 4:45 pm

The US won't default, so it is not an issue. 200 Billion a month in revenue should be just enough to pay 25 billion in interest. 3% on the ten year is all you need to know.

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bjsesq

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Re: Will you still go to law school if the US defaults?

Postby bjsesq » Tue Jul 26, 2011 4:46 pm

ndirish2010 wrote:Will you still go to law school after the rapture?


Leave it to the Notre Dame kid.

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mpj_3050

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Re: Will you still go to law school if the US defaults?

Postby mpj_3050 » Tue Jul 26, 2011 4:46 pm

The case books look and feel like they'd make nice kindling for my eventual homelessness.

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kwais

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Re: Will you still go to law school if the US defaults?

Postby kwais » Tue Jul 26, 2011 4:47 pm

If they default, I'll do whatever Eric Cantor tells me to, because he is smart and reasonable

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ndirish2010

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Re: Will you still go to law school if the US defaults?

Postby ndirish2010 » Tue Jul 26, 2011 7:01 pm

bjsesq wrote:
ndirish2010 wrote:Will you still go to law school after the rapture?


Leave it to the Notre Dame kid.


LOL I hope you don't think Catholics believe that shit.

shoeshine

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Re: Will you still go to law school if the US defaults?

Postby shoeshine » Tue Jul 26, 2011 7:03 pm

mpj_3050 wrote:The case books look and feel like they'd make nice kindling for my eventual homelessness.

lol +1

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Veyron

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Re: Will you still go to law school if the US defaults?

Postby Veyron » Tue Jul 26, 2011 7:04 pm

ndirish2010 wrote:Will you still go to law school after the rapture?



Only if I wind up in hell.

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ndirish2010

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Re: Will you still go to law school if the US defaults?

Postby ndirish2010 » Tue Jul 26, 2011 7:07 pm

Veyron wrote:
ndirish2010 wrote:Will you still go to law school after the rapture?



Only if I wind up in hell.


There is sure to be an oversupply of lawyers in hell. I sure hope you go T14 down there.

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Veyron

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Re: Will you still go to law school if the US defaults?

Postby Veyron » Tue Jul 26, 2011 7:09 pm

ndirish2010 wrote:
Veyron wrote:
ndirish2010 wrote:Will you still go to law school after the rapture?



Only if I wind up in hell.


There is sure to be an oversupply of lawyers in hell. I sure hope you go T14 down there.


7th circle - but close enough.

CanadianWolf

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Re: Will you still go to law school if the US defaults?

Postby CanadianWolf » Tue Jul 26, 2011 7:43 pm

Should generate lots of bankruptcy work.

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helloperson

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Re: Will you still go to law school if the US defaults?

Postby helloperson » Tue Jul 26, 2011 10:21 pm

scammedhard wrote:If the US defaults, government-issued student loans will cease to exist, and anyone planning on using those funds will have have to either find another source of funds (good luck finding 150K), or not go.


I think law schools would respond in some way that doesn't involve leaving 10% of their incoming class intact, like deferred payments or something.

There is a 0% chance I would take private loans, especially when the interest rates go to 15%, and I would hope most people think similarly.

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JCougar

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Re: Will you still go to law school if the US defaults?

Postby JCougar » Tue Jul 26, 2011 10:25 pm

AreJay711 wrote:Don't worry about it. The U.S. is borrowing at 2.9% right now so the markets aren't worried about it.


This is why it's mostly political theater.

The debt is something that is more of a long-term problem. There's definitely not an emergency. Yet it gives politicians on BOTH SIDES of the aisle a convenient excuse to implement policies that reduce the standard of living for the middle class.

If you take away the Bush tax cuts and the unfunded Iraq/Afghanistan wars, we'd practically have a balanced budget. It's not a major issue.
Last edited by JCougar on Tue Jul 26, 2011 10:27 pm, edited 1 time in total.

HeavenWood

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Re: Will you still go to law school if the US defaults?

Postby HeavenWood » Tue Jul 26, 2011 10:26 pm

President Ron Paul will put us back on the gold standard and we will be saved.



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