Frank Zane, one of two people (The other was Sergio Oliva) to ever beat Arnold.
Zane did it twice, and even made Arnold cry.
The weekend is pretty much over by now, and I have successfully installed a shelf in my closet so that my shoes are no longer within easy reach of my Puppy.
I must say, the JD Underground Gang was out in full force today, having a gander at one of my Prior Posts. Who'd a thunk a little ol' Transcript, and not even a good one, could generate so much interest? Even Harvard took a 10 second peek, and if that doesn't render old Johnny D. the Painter worthy of donning the cat's heliotrope PJ's on occasion, I don't know what will.
Anyway, I think I have hit upon a plan for paying off my student loans, and all within the next 5 years. I will still be relatively young by then, or at least, not "Old" in the most negative American sense; for in America, we cannot be said to very much regard the elderly in very high esteem, unless we can sell them something, such as a very expensive jar of nostalgically marketed Smuckers Jam, or an electric chair, albeit a tilting one and hardly shocking; or a rolling aluminum walker which will always require two tennis balls (it's a Conspiracy I tell you, between the Medical Supply Industry, and the Sporting Goods Cartel).
But to return to my Debt, any other solution than the one I am contemplating would take too long. For instance, if Bankruptcy protections were restored tomorrow, a negative credit rating would attach for the next 7 to 10 years. And, a very hefty Tax Bill is more than likely to come with such a bankruptcy.
No, says old Johnny Painter, any other solution than the one I have in mind will take too many more years out of my life. I have already taken too much time up with the debt, and I just want to be free and clear. No Debt, no IRS, no leaving the US, just freedom.
But before I share my ideas, (And I'll try to cut out the PG Wodehouse stuff) I would like to ask one question. The question, or Hypothertical rests upon a few assumptions, so jump in if you feel I have assumed wrongly one or more times.
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The Hypo goes something like this:
1. My original Non-Private, and Federally (Taxpayer) guaranteed Student Loan Debt was 79K in 1997, and it is now 300K.
2. The 221K balance has all been picked up by the taxpayer so far, and all of that 221K of taxpayer dollars has gone into Private hands (Banks, Collection Agency, Executives of) in dribs and drabs over the last 14 years.
3. I win the lottery tonight and pay off all 300K tomorrow. End of Story.
My question is: Will the loan thereby be collected upon twice? Once in dribs and drabs over 14 years, and a second time when I finally pay it off with my lottery earnings?
By its very nature, the loan is always paid off at any point in time, it seems, with Taxpayer dollars.
So the lender is always whole, and is just tacking on more interest and hoping to collect more?
Or do all loans work this way, and I'm just catching on now?
* And I will return to Jose's story, and the Kitty Litter one, and the Allstate Job Story, and the Seagull Story, and any others.
And more Banjo tunes to come! I wrote an instrumental song called: "The Lawyer Song" It's Great!
