Also, my amazing and thoughtful comments have been deleted.
Ok, first off, I never talked about $150,000, so it’s not relevant to the conversation. Secondly, the $150k you’re referring to was in the actual stimulus package for couples, not single people. Third, do you have $120,000 in student loans, paying $1200 a month for them in addition to your rent? Anyone who’s gone to graduate school in any professional degree, law, medicine, does. You’d be hard pressed to explain how you live on $40,000 a year paying, say, $1200 a month on rent (if you’re lucky), and another $1200 on your grad school loans – leaving you a little over 11k to pay for utilities, insurance, food, and that’s of course assuming that you pay none of that $40k in fed taxes, local taxes, or SS. And I have to tell you, I know lots of people in NYC, and not a single person would say that you get by fine on $40,000 a year in New York City, unless you aren’t paying for insurance, didn’t bother to go to grad school, aren’t putting any real money away for retirement, and aren’t planning on ever buying a first home. So, I’m sorry, but you’re not describing “living” in my book. You’re getting by with no plans for a future. And that’s the very problem I’m describing, unless we’ve now given up on the idea of people getting an education, having health care, and actually ever owning a home, i.e., we now consider all of those luxuries that don’t fit into the equation. I certainly don’t consider them luxuries.
John Aravosis | 01.25.08 – 3:16 pm | #
Just because you categorize your debt as student loans, doesn’t mean that it’s your debt. What about your flat screen TV? You paid for that. What if you had paid for school and charged your TV? Would that count towards your sainthood?