Mark Cuban Demolishes Hillary Clinton’s Student Debt Proposal
When Mark Cuban talks business and money, you really need to listen. The savvy billionaire who was once broke at the age of 27 is one of the greatest businessmen our generation has seen. So, needless to say, he knows a thing or two about how money works. Earlier this week, we already saw him spit some truth on the Republican party and saying that he is fiscally conservative (or fiscally responsible, as I like to call it).
Now, he’s taking a shot at the other end of the spectrum with his recent Cyberdust from Friday. He went after Hillary Clinton and her student debt proposal, something that affects probably a lot of you. He makes a lot of excellent points.
Here’s my take on it being the economics guy of the team: Everything Cuban said is true. While he failed to mention that the burden of the increased loans available will fall on the taxpayer, I’ll assume that it was implied. If we are now pumping more and more printed money into people who won’t be able to pay it back, we will see another collapse like we did in 2008. This reminds me of her hubby’s plan with Fannie Mae and Freddie Mac and the whole subprime mortgage situation that helped lead to the 2008 crisis.
Cubes has just been dropping truth bombs lately. Cuban for president 2016..
Image via YouTube
#Cuban2016
9 years ago at 12:56 pmThe subprime mortgage crisis was a direct result of Reagan era policies, and you damn well know it.
9 years ago at 1:04 pmDo you mean the community reinvestment act supported by Bill Clinton?
9 years ago at 1:13 pmThe subprime mortgage crisis was a direct result of the repeal of Glass-Steagall (Clinton Administration) combined with inadequate controls on synthetic CDO’s and subprime lending. Read a book before you insult Reagan.
9 years ago at 1:25 pmgo fuck yourself.. you know damn well reagan’s policies had nothing to do with it and you just want to piss people off. TDickM
9 years ago at 1:15 pmFuck you Steve Holt.
9 years ago at 1:07 pmSteve Holt is a chimera. #SteveHoltDoesNotExist
9 years ago at 1:47 pmThis wasn’t creative and had absolutely nothing to do with Steve Holt.
9 years ago at 7:14 pmBid.
9 years ago at 1:16 pmIf community colleges become completely free, then who will finance those institutions? Who will pay the teachers salaries? What will prevent the cc’s from inflating costs when they know that no individual will have to worry about acquiring the funds to pay for them?
9 years ago at 1:21 pmYou tax the hell out of white people that’s how. Liberal logic 101.
9 years ago at 1:25 pmThis is my problem with Cuban’s plan. The problem with college is unlimited demand vs finite supply. The unlimited demand now exists because a BA is what a HS degree was prior to the 90’s. Only way to change that is two fold, one is easy, the other not so much. The federal gov needs to get out of education completely. Literally abolish the Dept. Of Edu. Education is exclusively the job if the states and local communities. Because he’s right, the more money they pump in, the more costs go up. The second thing is to bring back jobs that don’t require a degree. This could be achieved in part by abolishing the corporate income tax, and federal minimum wage. The reality is though, most of those jobs are gone forever b/c Americans won’t work for $2 per hour, and people in China & India will. But a freer market would bring back some heavier more skilled manufacturing jobs.
9 years ago at 5:37 amI have no idea why this comment is getting down votes. The reason why education costs are going up is because of government interference in the market. I don’t know why, on a site where most of us are conservative or at least Republican leaning, it’s controversial at all to say that education is none of the government’s business. It’s certainly not the central government’s business, as the Constitution doesn’t authorize the Federal government to get involved in that market. Reagan wanted to abolish the Dept. of Education, so I don’t know why it’s such a radical thing to propose now.
9 years ago at 12:32 pmI’ll be writing in Cuban onto my ballot
9 years ago at 1:26 pmI think they write in Spanish.
9 years ago at 1:49 pmSo Harrison, your job is to pretty much tell us whenever Cuban says something now?
9 years ago at 1:28 pmAre you complaining? It’s always a great read and we don’t have to download that shitty cyber dust app.
9 years ago at 3:53 pmwhat the fuck johnny? is your job to bitch in the comment section? cuban is smart, and he has said a couple of smart things recently. i like reading it. you need to unwad your panties and shut the fuck up
9 years ago at 1:12 pmAs the official TFM community college advisor, community is dirt cheap as it is. Low income students may benefit, but the minimal cost doesn’t stop a lot of students from taking out four years of university loans, when they can save 25k a year going to CC. If you have the money (as I’m sure many of you do), four years of university is great time. But the kids taking out 100k for undergrad while CC is available are just stupid and will always be stupid.
9 years ago at 1:30 pmCC is never a good idea
9 years ago at 1:47 pmWhat’s your reasoning champ?
9 years ago at 1:53 pmDoes your community college have Greek life?
9 years ago at 2:29 pmSome houses allow students from local community colleges to rush but I can only imagine how much shit you’d get being the juco guy in the pledge class..
9 years ago at 3:03 pmTcc students can rush fsu fraternities they just can’t be nationally recognized until they are at fsu
9 years ago at 6:39 pmYeah it’s an incentive because the dues from CC students doesn’t go to nationals as they’re not officially recognized so the chapter gets more money to work with.
9 years ago at 11:28 pmNo, but the flagship state school I’m at now does.
9 years ago at 4:29 pmif you take out 100K in student loans just to attend a 4 year university for the sake of greek life you are seriously fucking up. you enjoy those four years because you may end up being a fuck up in school and barely manage to pull out a 3.1 with a degree in a field flooded with highly qualified graduates seeking the position you want. 2 years of cheap community college is not a bad idea. get your core classes out of the way and even some additional credits and then transfer to a 4 year institution to pursue a field you want at a lower cost to you since you wont have to take out so much in loans. but thats just me. people from all sorts of walks of life go to college with different means to pay for their education. this is just one scenario
9 years ago at 3:11 pmMy reasoning is no law firm is going to hire a person who has attended two years of CC then two of school instead of a 4 year student
9 years ago at 3:46 pmI attended 2 years of CC then 2 1/2 at a state school. I joined a small, start up fraternity that I’m very proud to be a member of. After I graduated I got an awesome internship and now I’m going to a top 50 law school on almost a full ride scholarship. Literally no one gives a shit where you received your English 101 credits.
9 years ago at 3:58 pmMy father and I would tell you your full of shit if you said that at our firm.
9 years ago at 6:29 pmYou just used your, instead of you’re, motherfucker, better thank daddy for the easy employment.
9 years ago at 7:08 pmThat’s not true, especially in a field such as law where people skills and court experience matter more than what school you read the same books from. My father is a lawyer and some of his best workers went to CC and others who went Ivy League. It’s all about being able to win a case.
9 years ago at 11:31 pmNot true, Marco Rubio is a great example
9 years ago at 3:29 amHey. There’s nothing wrong with the gentleman’s 3.1
9 years ago at 4:31 pmIt depends on where you live. In Georgia if you pay 100k for undergrad at public university, you are a complete dumbass because it means you either lost or never got eligibility for HOPE scholarship (80% tuition covered for 3.0+ gpa students) not once but twice. Not all states have lottery funded scholarships that pay so much money though, and even middle class America is doing pretty shitty these days. If you’re smart you can get a university education for very little cost depending on where you live, but that doesn’t mean everyone else that isn’t from a rich family should go to CC.
9 years ago at 9:24 pmWyoming has a very similar program. In state kids can get 90% of their tuition paid for, this can include room and board, too. Out of state has the option of 60%(ish) to have it paid for.
9 years ago at 10:36 amEither way, you’re stuck in Wyoming.
9 years ago at 1:01 pmI don’t know why you’re getting lapped for that, Wyoming is the only university in the whole state for obvious reasons and because of this gets a ridiculous amount of funding. Most people that are in state residents go there for free or even get paid to go there through scholarships. And for out of state students it’s really only 9,000$ a year to go there.
9 years ago at 2:04 pmHave politicians ever attacked the source of a problem? I don’t expect any real changes soon, let alone anything retroactive. I do, however, expect short-term bills and bullshit that effect absolutely nothing, yet claim to be the ultimate fix so the issue doesn’t need to be revisited.
9 years ago at 1:33 pmI don’t think people realize how genius Mark Cuban truly is.
9 years ago at 3:09 pm