I feel sorry for Mirai Nagasu | Page 11 | Golden Skate

I feel sorry for Mirai Nagasu

Joined
Jun 21, 2003
It is not good to know that an entire generation is 50% deadbeats!

We are 100% deadbeats. Starting in 1980 ("supply side economics") the national debt as a proportion of GDP rose every year except briefly for a couple of years at the end of the Clinton adminitration. Now we owe $16,000,000,000,000. We will never pay it back.

jenaj said:
Actually, this isn't true--either part.

Well, not every student goes to graduate or professional school. But here are the 2010 statistics for medical school graduates.

The median debt was $162,000 and 78% of all graduates owed more than $100,000.

http://graphics8.nytimes.com/images...reinhardt1/14economist-reinhardt1-blog480.jpg

As for repayment, about 9% of student debts are in default after two years. A lot more are somewhat behind, but trying to work something out. About 50% of student debtors have secured a deferment whereby they don't have to pay now, but will have to pay more later, if they can.

Student loans are unsecured. If you don't pay your car note, they will repossess your car. They can't repossess your education, so the student loan bill gets pushed to the bottom of the stack. Plus, if you don't have a job, you can't pay no matter how fiercely the government duns you.

Edited to add: I was wrong in saying that most financial aid is in the form of loans. I just looked oit uo and the percentage is 39%, the rest in grants, scholarships, and work-study. For the most part the schools that do not include loans in their student aid packages are the very expensive elite private universities. (Princeton was the first to adopt such a policy in 2001.) These schools are out of reach for the average American student.
 
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chuckm

Record Breaker
Joined
Aug 31, 2003
Country
United-States
We are 100% deadbeats. Starting in 1980 ("supply side economics") the national debt as a proportion of GDP rose every year except briefly for a couple of years at the end of the Clinton adminitration. Now we owe $16,000,000,000,000. We will never pay it back.

I assume you are including "we---individuals" in with the US government. It's the GOVERNMENT which has put the nation in debt.

I as an individual am not a deadbeat and have never been a deadbeat. I pay my bills when they are due. I've saved throughout my working life even at times when that was tough to do.
 

jenaj

Record Breaker
Joined
Aug 17, 2003
Country
United-States
We are 100% deadbeats. Starting in 1980 ("supply side economics") the national debt as a proportion of GDP rose every year except briefly for a couple of years at the end of the Clinton adminitration. Now we owe $16,000,000,000,000. We will never pay it back.



Student loans are unsecured. If you don't pay your car note, they will repossess your car. They can't repossess your education, so the student loan bill gets pushed to the bottom of the stack. Plus, if you don't have a job, you can't pay no matter how fiercely the government duns you.
.

Whether or not loans are secured matters more for priority in bankruptcy than for being able to repossess property. Since student loans are non-dischargeable, it doesn't really matter if the are unsecured or not. But of course if someone doesn't have a job, they can't pay. But if they ever do get a job--which most people do--the government can come after them.
 

evangeline

Record Breaker
Joined
Nov 7, 2007
It is not good to know that an entire generation is 50% deadbeats!

Many of these "deadbeats" are students who did as they were told by both their parents and the government. Study hard, go to school. Higher education is the path towards social and economic betterment. But of course these deadbeats had the temerity to graduate in the worst economic downturn since the Great Depression. You can't pay back those debts unless you get a job. And even if you can get a job, many of the jobs available don't pay enough for someone to pay back $100,000 in debt that's accruing interest.

Of course, things are improving (or so we're told). Perhaps it's not as bad as it was in 2008-9, but it's still a rocky road ahead. For example, last week, I interviewed for an unpaid internship position. My interviewer bluntly told me that I was a strong applicant, but he also had 400 applicants vying for the single position and that they "had to make some hard choices." And this was for an unpaid internship...
 

Icey

Record Breaker
Joined
Nov 28, 2012
Financial aid packages these days are mostly in the form of student loans. It is not unusual for a student nowadays to finish his or her education $100,000 in debt.

The good news -- more than half of student debtors just blow it off and never repay. ;)

A student who doesn't repay his federal student loan can have his salary garnished and any tax refund due withheld. In addition, your credit score will be impacted which might result in your not being able to get loans for cars, homes, etc. In addition, many of the best companies will not hire someone who has defaulted on their loan. Except under the most unusual circumstances federal student loans cannot be discharged in bankruptcy.
If you reach retirement age and start to withdraw social security benefits, that may be impacted too. Private student loans are not even dischargeable with death often. Most require a cosigner who becomes responsible for repaying the loan.
 
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pangtongfan

Match Penalty
Joined
Jun 16, 2010
I felt more sorry for her in 2011 when she was truly robbed of making the World team behind an inferior skater the USFSA always loved and held up (Flatt) who had a comparable performance with similar mistakes, and in 2010 when she was robbed of a 2nd National title for this same mediocre and always held up in the U.S skater. I felt sorry for her at the 2010 Olympics where she gave performances that would have probably won every other Olympics in history, but came only 4th due to the insane level of skating at that event. I felt sorry for her at the 2010 Worlds where she blew a chance to win the World title (something she will never have again) and missed a medal by the tiniest margin. This year how could I feel that sorry for her though when she was legitimately outskated by every single skater who finished in front of her, and arguably a couple who didnt. Given the level of skating of the ladies free that night, and the significant mistakes she herself made, I find it laughable some are suggesting she deserved to finish 3rd or 4th, some even saying 2nd, lol! It would have been purely criminal if she had finished ahead of someone like Christina Gao, who was already robbed enough to finish 5th, let alone being given the slap in the face of finishing even lower and behind a faulty Nagasu had Nagasu been placed any higher than 6th. Apart from Wagner, Nagasu, and Zawadzki everyone in the top 8 or 9 were lights out. Yes I know she worked hard and recommited herself this year, and good for her for that, but I am sure the other girls worked hard too, and the ones who beat her outskated her that night.
 

b-man

Final Flight
Joined
Jun 25, 2010
As for repayment, about 9% of student debts are in default after two years. A lot more are somewhat behind, but trying to work something out. About 50% of student debtors have secured a deferment whereby they don't have to pay now, but will have to pay more later, if they can.

Agree with most of your post, but you didn't mention student debt cannot be discharged through bankruptcy, so it will remain forever until repaid, unless the Democrats find some way in the future to forgive the debts to buy new voters.
 
Joined
Jun 21, 2003
^ I think there is a pretty good chance that that will happen at some point. After all, the government bailed out the giant investment banks to the tune of billions of dollars when they made loans to people who lacked the means to repay them.
 

b-man

Final Flight
Joined
Jun 25, 2010
I felt more sorry for her in 2011 when she was truly robbed of making the World team behind an inferior skater the USFSA always loved and held up (Flatt) who had a comparable performance with similar mistakes, and in 2010 when she was robbed of a 2nd National title for this same mediocre and always held up in the U.S skater. I felt sorry for her at the 2010 Olympics where she gave performances that would have probably won every other Olympics in history, but came only 4th due to the insane level of skating at that event. I felt sorry for her at the 2010 Worlds where she blew a chance to win the World title (something she will never have again) and missed a medal by the tiniest margin. This year how could I feel that sorry for her though when she was legitimately outskated by every single skater who finished in front of her, and arguably a couple who didnt. Given the level of skating of the ladies free that night, and the significant mistakes she herself made, I find it laughable some are suggesting she deserved to finish 3rd or 4th, some even saying 2nd, lol! It would have been purely criminal if she had finished ahead of someone like Christina Gao, who was already robbed enough to finish 5th, let alone being given the slap in the face of finishing even lower and behind a faulty Nagasu had Nagasu been placed any higher than 6th. Apart from Wagner, Nagasu, and Zawadzki everyone in the top 8 or 9 were lights out. Yes I know she worked hard and recommited herself this year, and good for her for that, but I am sure the other girls worked hard too, and the ones who beat her outskated her that night.

Nice summary of Nagasu's career. She certainly has received few gifts from USFSA judges. The reason why some were suggesting Nagasu should have placed higher at Omaha is they were comparing her performance with the overscored meltdown of Wagner, rather than the clean skates of Goa, Siraj, etc. It would have been more acceptable to many if USFSA didn't have the tradition/rule of naming the top two to the world team. Then Wagner could have been marked maybe fourth, yet named to the world team based on her overall performances over the last 12 months.
 

Sasha'sSpins

Medalist
Joined
Apr 2, 2009
Country
United-States
Agree with most of your post, but you didn't mention student debt cannot be discharged through bankruptcy, so it will remain forever until repaid, unless the Democrats find some way in the future to forgive the debts to buy new voters.

^ I think there is a pretty good chance that that will happen at some point. After all, the government bailed out the giant investment banks to the tune of billions of dollars when they made loans to people who lacked the means to repay them.

^^^Interesting reads-but I thought this thread was about Mirai. :scratch:
 

Layfan

Record Breaker
Joined
Nov 5, 2009
Geez, I step away from GS for a few days and ...

I can only assume that the debate on the U.S. deficit and taxes and outsourcing somehow evolved from discussion of Mirai's financial situation.

Anyway, not touching that with a ten-foot pole.

Anyone heard anything from Mirai and hints about her future?
 

Skater Boy

Record Breaker
Joined
Feb 24, 2012
Didn't Michelle cut her hair too and then she lost the world championship? And didn't Keri Russell do that while she was on a show and the ratings plummetted? And didn't Brittany spears cut off her hair and well...I hope it works out. If not she obviously can serve food so it isn't like she has other skills and talent. Heck didn't Michelle kwan's family own a restaurant too?
 

TonyaHardlyEver

Rinkside
Joined
Feb 6, 2013
If things need to change simply cut your hair off. It didn't really work for Rachel Flatt. Speaking of hair...Caroline Zhang needs to do something about those tiny hairs around her hairline that look like fly-aways. It makes her performance look messy. A little gel or hairspray works wonders.
 

hanca

Record Breaker
Joined
Sep 23, 2008
If things need to change simply cut your hair off. It didn't really work for Rachel Flatt. Speaking of hair...Caroline Zhang needs to do something about those tiny hairs around her hairline that look like fly-aways. It makes her performance look messy. A little gel or hairspray works wonders.

I think she has bigger problems than just a few tiny hair around her hairline.
 

Icey

Record Breaker
Joined
Nov 28, 2012
If things need to change simply cut your hair off. It didn't really work for Rachel Flatt. Speaking of hair...Caroline Zhang needs to do something about those tiny hairs around her hairline that look like fly-aways. It makes her performance look messy. A little gel or hairspray works wonders.


Well, it will free a lot of time for her to use to work on her skating.:)
 
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