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Thread: Obama to Announce Student Loan Relief Plan

  1. #161
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by j-mac View Post
    Absolutely, which is not what he is saying on the trail is it? But in any case, these "bailouts" and the mentality that further them has to stop.
    J, I'm never shocked when a politiicans says something different on the trail. But bailout or not, the laons won't get paid, and this will have consequences on all of us one way or another. The question is do we act or not. I think there is room for debate on this. But we've largely bailed out the top and let the bottom sink. While I migh allow all to sink, I have no time for saviong the top at the expense of the the working people of this country.

    And how do you do that? What do you have in mind?

    j-mac
    And that's the big question. Largely with Walstreet, we bailed them out. With the auto industry, we bailed them out. With the banks, we bailed them out. With home owners we sent them crumbs and called them names. Like those areas, this one too will leave us in a no win situation that will hurt. I just suggest we start an honest discussion, not demonizing anyone who is serious and honest.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Dickieboy View Post
    Not per the article, but with the recent PO they CAN be incorporated with government guaranteed ones and THEN forgiven. The point was that non-government loans are NOT the majority.
    I may have missed the link, but once guaranteed, aren't they then government? I mean, if the government is going to pay them, which is what guarantee means, I don't see it not being government.

    And if the government is going to pay them, Obama is wrong about it costing tax payers. And if we're not, how can government forgive them? I think some information is missing.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama to Announce Student Loan Relief Plan

    Doesn't anyone work hard and pay cash any more?

    I went to a 4 year school and paid for flight training all while working 2 jobs and paying for an apartment and car. Yes, it sucked. I had no life. I got up at 5:30 in the morning and spent the entire day working or going to classes and would drop dead around 11:30 at night. Only on every other Sunday did I have time to myself. But, I graduated with a 3.4 and zero debt. Yes, I could have had a better GPA and more fun if I had had a loan, but I had no debt.
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

  4. #164
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Boo Radley View Post
    I may have missed the link, but once guaranteed, aren't they then government? I mean, if the government is going to pay them, which is what guarantee means, I don't see it not being government.
    Yes, which means us, you and me....You fine with that?

    And if the government is going to pay them, Obama is wrong about it costing tax payers.
    What? wait a minute here...We are the government....so why would you say that if government pays these loans that we are not on the hook....???

    And if we're not, how can government forgive them? I think some information is missing.
    Yeah, the truth.

    j-mac
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by ksu_aviator View Post
    Doesn't anyone work hard and pay cash any more?

    I went to a 4 year school and paid for flight training all while working 2 jobs and paying for an apartment and car. Yes, it sucked. I had no life. I got up at 5:30 in the morning and spent the entire day working or going to classes and would drop dead around 11:30 at night. Only on every other Sunday did I have time to myself. But, I graduated with a 3.4 and zero debt. Yes, I could have had a better GPA and more fun if I had had a loan, but I had no debt.
    I pay cash for most everything. But I could not pay tens of thousands of dollars cash. I suspect very few could. And less students, who for the most part don't make huge sums of money.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Boo Radley View Post
    I pay cash for most everything. But I could not pay tens of thousands of dollars cash. I suspect very few could. And less students, who for the most part don't make huge sums of money.
    It is not impossible, My daughter is working her way through a Nursing degree right now...When she graduates she will have paid for it herself.

    j-mac
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by j-mac View Post
    Yes, which means us, you and me....You fine with that?
    Am I fine with a portion of my tax going to students? yes. I already give 50 dollars a month to titution for students I don't know.


    What? wait a minute here...We are the government....so why would you say that if government pays these loans that we are not on the hook....???
    Where did I say we're off the hook? In fact, I said the opposite. i said he was wrong that we, the people, are off the hook.


    Yeah, the truth.

    j-mac
    That's certainly possible. It is also possible we don't know everything.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by j-mac View Post
    It is not impossible, My daughter is working her way through a Nursing degree right now...When she graduates she will have paid for it herself.

    j-mac
    Impossible? Don't think I said that. Let me ask you, AA or bachlors? How far in administration does she hope to go? If far, she'll need a masters. If she later wants to teach, she'll need a masters for the AA level, and a doctorate for the bachlor level. Should she set her sights low, or do you think she can pay ofr it all with cash?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  9. #169
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Boo Radley View Post
    Impossible? Don't think I said that. Let me ask you, AA or bachlors? How far in administration does she hope to go? If far, she'll need a masters. If she later wants to teach, she'll need a masters for the AA level, and a doctorate for the bachlor level. Should she set her sights low, or do you think she can pay ofr it all with cash?
    right now, I believe her sights are set on being an RN, (Bachlors) and through continuing education she would have to see what opportunities are available at that time, but I do know that many Hospitals, and others pay for continuing education in exchange for a commitment to work there in positions they have a need for.

    The point is that there are many avenues to higher education, and many that don't include going in debt.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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  10. #170
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by MrVicchio View Post
    First off, didn't he try this failed idea with mortgages?
    That was pretty much the first thing that came to mind as I saw news coverage of Comrade Obama announcing this plan. Looks to me like he's setting things up for almost exactly the same sort of disaster in the student debt area that we just saw in housing debt. Potentially even worse, since student loans aren't backed by any kind of collateral.
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    We can be Godless and free. • “Social justice” through forced redistribution of wealth. • Silencing religious opinions counts as “diversity”. • Freedom without moral and personal responsibility. • Civilization can survive the intentional undermining of the family.

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