Page 2 of 22 FirstFirst 123412 ... LastLast
Results 11 to 20 of 217

Thread: Obama to Announce Student Loan Relief Plan

  1. #11
    Global Moderator
    Rage More!
    Your Star's Avatar
    Join Date
    May 2010
    Location
    Georgia
    Last Seen
    @
    Gender
    Lean
    Very Liberal
    Posts
    26,359

    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by MrVicchio View Post
    There is no feigned outrage dear, I really do not like this move. It's a blatant bribe for votes. That should outrage anyone. It won't lower the cost of tuition, doesn't address ANYTHING other then "Oh poor Timmy, huge debt from that college loan, here see I want to give you other people's money and make your life easier..."
    You only see it as a blatant bribe for votes because you don't like him.
    Eat me, drink me, love me;
    Laura make much of me

  2. #12
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Your Star View Post
    You only see it as a blatant bribe for votes because you don't like him.
    No, I see it as a blatant bribe because that's what it is. What does this solve in terms of the cost of college? Nothing. What does it do? Takes tax payer monies and eases the current burden of high loan costs. Guess what! It's just gonna cause loans to go higher.

    Effective only as a short term political gimmick, nothing else.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  3. #13
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    11-22-17 @ 04:22 PM
    Gender
    Lean
    Liberal
    Posts
    36,858

    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by MrVicchio View Post
    No, I see it as a blatant bribe because that's what it is. What does this solve in terms of the cost of college? Nothing. What does it do? Takes tax payer monies and eases the current burden of high loan costs. Guess what! It's just gonna cause loans to go higher.

    Effective only as a short term political gimmick, nothing else.
    OK, we have a problem, excessive student debt with a coming crisis. What response would not be seen as something like a bribe or political?

    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.

  4. #14
    Guru
    Jryan's Avatar
    Join Date
    Sep 2011
    Location
    North Carolina
    Last Seen
    01-12-16 @ 09:07 AM
    Gender
    Lean
    Other
    Posts
    2,987
    Blog Entries
    1

    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by MrVicchio View Post
    No, I see it as a blatant bribe because that's what it is. What does this solve in terms of the cost of college? Nothing. What does it do? Takes tax payer monies and eases the current burden of high loan costs. Guess what! It's just gonna cause loans to go higher.

    Effective only as a short term political gimmick, nothing else.
    So was bailing out the banks a political gimmick?
    I'm coming to see that no matter what law we regulate, be it the stand your ground act, there is never an objective morally right answer to any morale question; in fact, since there are multiple objectively right answers to every moral question that leaves us with a lot of grey area and a lot of black area (not in the racial since).
    -Jryan

  5. #15
    Sage
    Kreton's Avatar
    Join Date
    Apr 2011
    Location
    Colorado Springs
    Last Seen
    11-13-17 @ 08:01 PM
    Gender
    Lean
    Other
    Posts
    6,118

    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by MaggieD View Post
    How much do you owe on student loans?
    I have no outstanding student loans. I don't have to have loans to support an idea. Alot of people are struggling with student loan debt.

  6. #16
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Jryan View Post
    So was bailing out the banks a political gimmick?
    Bailing out the banks was the wrong answer.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  7. #17
    Educator
    Join Date
    Sep 2011
    Location
    ATL
    Last Seen
    07-07-12 @ 09:00 PM
    Lean
    Very Conservative
    Posts
    1,172

    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by MrVicchio View Post
    Bailing out the banks was the wrong answer.
    Bailing out anyone or any entity is wrong. We learn from our mistakes, capital is more wisely allocated, people are more responsible in how they handle their finances, etc., etc. Once again we are using money we are borrowing from other countries to finance bad behavior. The irony here is the kids getting the bail out are going to be the ones paying a boat load in taxes throughout their lives to service the massive debt being run up by BO. Idiots.

    I have screwed up. I actually paid for my kids' education. Had I known they could have borrowed money that doesn't need to be paid back, I would have removed them as dependents and had them borrow my money (I pay taxes) and not pay it all back. This plan is both idiotic and irresponsible.

    Oh yeah, one more tidbit.....this loan program is going to help only a few students. The details on the PR stunt are not going to make a lot of student borrowers very happy when they see how little it does for most of them.
    I love the smell of burning moonbat in the morning.

  8. #18
    #NeverTrump
    a351's Avatar
    Join Date
    Oct 2011
    Location
    Space Coast
    Last Seen
    09-09-17 @ 08:54 AM
    Gender
    Lean
    Centrist
    Posts
    6,902

    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Your Star View Post
    You only see it as a blatant bribe for votes because you don't like him.
    Or maybe he believes that you shouldn't reward irresponsibility.

  9. #19
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Obama to Announce Student Loan Relief Plan

    I just ran the numbers for myself...and as someone who is currently $150K in debt from college and b-school, it wouldn't help me at all to take advantage of this option to lower my monthly payments. In fact, it would cost over $100K (I'd eventually get $80K of my principle forgiven, but I'd pay $180K in interest). If this plan doesn't even help someone with as much student debt as me, I'm not so sure it will help anyone. Not that this applies to me anyway...as I understand it this plan will only apply to new student loans.

    I like the idea of the government taking action on student debt, as it is indeed one cause of the massive debt overhang facing our economy. But this particular executive order doesn't really seem to do that much.
    Last edited by Kandahar; 10-26-11 at 07:41 PM.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  10. #20
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    11-22-17 @ 04:22 PM
    Gender
    Lean
    Liberal
    Posts
    36,858

    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Hare View Post
    Or maybe he believes that you shouldn't reward irresponsibility.
    What was irresponsible?

    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.

Page 2 of 22 FirstFirst 123412 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •