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Thread: Obama to Announce Student Loan Relief Plan

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    Re: Obama to Announce Student Loan Relief Plan

    This is not intended to help CURRENT debt. This is to make sure kids keep going to college, and keep getting into NEW debt. Obama doesn't care about current debt, as that is good. It is the goal to keep people in debt, as it ensures that we continue to pay our income tax.
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Your Star View Post
    Anything that could possibly help young people is a political bribe, got it.
    You Star doesn't read what others say, just interjects her own theory. Got it!
    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.



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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by BalmerLiberal View Post
    Conservatives just bristle at the thought that someone might get something that they won't.
    Change "Conservatives with "Liberals"

    Change "won't" with "earned"
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by conservativeguy View Post
    Change "Conservatives with "Liberals"

    Change "won't" with "earned"
    Is this your first day here?
    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).
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Hare View Post
    Individuals borrowing thousands more than they can pay back.
    Nope...the banks made them borrow too much. Didn't you get the memo? Banks are the root of all that is evil, people should never be made to satisfy their obligations if by doing so they are inconvenienced.
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by conservativeguy View Post
    Change "Conservatives with "Liberals"

    Change "won't" with "earned"
    Yes, we all know that all Liberals sit on their butts and wait for that welfare check. Not a single one works for a living.


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    This issue has been plowed more times than Paris Hilton.
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    Too bad we have to observe human rights.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by MrVicchio View Post
    You Star doesn't read what others say, just interjects her own theory. Got it!
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Eighty Deuce View Post
    Expecting someone else to pay for your car, your house, your kids, your education .... yeah, it irre****ingsponsible.
    As pointed out, no one is really calling for that. but we do in fact have a serious problem with debt occured for education. Like with the housing crisis we can ignroe it and wait for the crash, or we can show some foresight and plan on how to address the problem. Obama isn't doing that here, but based on reactions, i assume some would rather wait for the crash. Am I incorrect?

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Boo Radley View Post
    As pointed out, no one is really calling for that. but we do in fact have a serious problem with debt occured for education. Like with the housing crisis we can ignroe it and wait for the crash, or we can show some foresight and plan on how to address the problem. Obama isn't doing that here, but based on reactions, i assume some would rather wait for the crash. Am I incorrect?
    As I noted in an above post, this only makes it worse. It creates a moral hazard, and fuels education inflation.

    Here's an example. You got $250K in loans to get your dream degree but which you are unlikely to ever make much money. But why you worry !! They can only compel you to pay 10% of what you earn clear of the poverty line, and then only for 20 years. So now that you have your dream degree, you can also opt for your la-la job !! Which in many scenarios, won't pay back half the loan.

    Obama has chosen to address this by making it worse. This is exaclty what happened starting in 1997 with housing and sub-primes. Government sponsored moral hazards that created inflation and bad loans.

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    Re: Obama to Announce Student Loan Relief Plan

    Is it necessarily a poor decision to limit maximum payments to 10% of income while still holding people accountable for those payments until the debt is fulfilled?

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