Buying the college vote

[flacaltenn]

Pure Rush/Pubcrappe. Public college costs DOUBLED just under W BOOOSH, and the private loans he pushed added MORE cost. Rush Limbaugh is a big fat druggie, bought off idiot, and his dittoheads are bad citizens out of pure angry ignorance....

In about an hour -- I could write a Python based script to generate your posts. YOU could be replaced by automation.. ((Don't be offended -- I could obsolete RDean in 35 minutes))



For francoHFW -- Press 2
For RDean --- Press 3
For All other Lefties -- Please stay on the line, the monkeys are currently typing to other customers.

Try dealing with the facts we present, Dittohead. Perhaps we Dems are interested in fairness for those who want a good education- for the good of the country in the global economy, rather than myopic pub pandering to third wheel bankers, greedy college administrators, and scam online "educators"... Dingbat.

So tell me why you want a talented cardiac surgeon to undertake 12 or 15 more heart operations FOR FREE each year? Or Justin Bieber who was panhandling on the streets just a couple years to add 3 more concerts to his tour JUST so you can grab the door reciepts.

 

[flacaltenn]

EdtheCynic::

October 27, 2011
RUSH: You know, Suzy Creamcheese gets into George Washington University and borrows from the government the requisite $212,000 to obtain an undergraduate degree

And what pray tell is the problem with this? Other than I doubt ANYONE gets to qualify for 100% of their College costs in loans..

The problem is it's an incredible waste of cash to waste on an Undergrad degree. But daddy and mommy wanted that GeorgeWash logo on the Christmas cards this year -- So Suzy becomes debt whore for the rest of her life..

College has gotten expensive because status OBSESSED parents are pushing their kids into overpriced schools for a mere BA or BS degree. As long as GeorgeWash and Vanderbilt have a long waiting list -- costs are gonna be higher..

The "$212,000" figure that Limbaugh spit out would be at the highest end of the college tuition spectrum and represents a small percentage of the whole.

It's closer to what someone like me would be looking at coming out of professional school. In my case, that's a scary number. On the other hand, I want to go into Emergency Medicine. The median annual salery is over that (as is the mean). Pragmatically, I am looking at a 3-4 year residency at $35 to 40K where times will be tight followed by the potential for a good income. IBR makes sense for me. I can delay paying on a large principle for three years when times are tight and then try and knock it off as quickly as possible when my family has more disposable income. It also pays off for the government/taxpayer: more interest.

If I stretch that principle out over 20 years, I will have ended up paying multiple times what I have owed for no real benefit. Clearly I am going to try and pay off my loans as fast as I can. So in my (and my peers case), the government and the taxpayer are repaid in full with 7% interest.

Income wise, the profession I am going into is somewhat unique in that the salaries are fairly consistent and predictable. The mean salary is in the upper ends as far as Americans are concerned. On the other end, the high end of the salary curve is also basically capped. I am never going to earn a seven figure income unless I invent something or do something outside of the purely practicing medicine (i.e. start a business or invest).

On the other hand, kids coming out of college generally have more risk, but the potential to go on and become a bajillionaire is also there.

Mark Zuckerberg didn't start a business that now puts his value at 17 billion dollars on a loading dock. He started it at Harvard.

So where is the tipping point? You guys clearly want to bitch, but at what point are student loans a good investment and when are they a bum deal? I mean, I only hear you guys bitching about the most extreme cases: "Susie Creamcheese went to Yale and got a degree in Underwater Basketweaving".

You've chosen to SERVE PEOPLE in one of the meaningful ways that ANYONE in society can.. The eventual reward (assuming you don't freak out in Residency or suck at the job) is obvious. That's what money is -- thanks from other people..

What I'm (we're) bitchin about is ...
It's all those "perverse incentives" and unintended consequences that we see ALL the time coming out "well-intentioned" GOVT altruism.

1) It places a GUARANTEE on your outcome regardless of your choices OR (apparently) your performance. Don't make an expected college salary? No Prob... Suck at what you do? No Prob.. Don't have a clue how you are gonna serve humanity in a meaningful way with a Russian Lit degree.. We'll comp ya.... That's YOU and ME comping them BTW...

2) It tells folks that kicking out kids will pay you $140/month or more!!!

3) It gives a Golden Parachute to Public Servants. Making that choice a refuge for the hopeless. Can't find a real job? Uncle Sam will provide for you and dismiss your loan. Is that a way to INCREASE competency in GOVT?

4) It sends the message that education assistance is means tested "AFTER THE FACT".. Whereas scholarships may be means tested on ability to pay and therefore benefit the currently underprivileged -- THIS sends a message that the debt you incurred is means tested by your ability to CONTRIBUTE after you wasted time in college. It REWARDS the folks who are UNDERPREPARED to serve society...

5) Since there is CAP on payment amounts -- it sends the message to RUN UP those college loans, it won't really affect payments. How perverse is that? if someone WANTED to inflate College costs -- they couldn't have devised a more devious plan..

HOLY COW... Looking at that list -- I REALLY think we blew it by not reading whatever Bill allowed this evil plan.. It is to me maybe MORE of a leftist grab in effect than the Health Care fiasco...

And there isn't a leftist on this board that can claim that way this works is to "provide free education as entitlement because it will benefit ALL of us". If that was the goal -- we wouldn't be ENCOURAGING failing outcomes!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And GeauxtoHell --- "Predictable salaries?" What rock have you've been under? You're biggest hedge advantage to this plan is only that -- SHOULD the GOVT SUCCEED in a healthcare takeover and your salary and reimbursements from a single payer PLUMMET --- you're already positioned to bail on the cost of your education..
Won't help you much in serving the public better -- but Uncle Sam has your back....

 

[logical4u]

Obama hasn't sealed his records. Everyone has certain privacy rights.

Obama explained long ago that he and his wife had college debt, and that his book profits paid off that debt.

Michelle Obama's family was not wealthy.

And has he proven to be "honorable" with his word? You are trusting a person that has made a career of lying.

 

[The T]

EdtheCynic::



And what pray tell is the problem with this? Other than I doubt ANYONE gets to qualify for 100% of their College costs in loans..

The problem is it's an incredible waste of cash to waste on an Undergrad degree. But daddy and mommy wanted that GeorgeWash logo on the Christmas cards this year -- So Suzy becomes debt whore for the rest of her life..

College has gotten expensive because status OBSESSED parents are pushing their kids into overpriced schools for a mere BA or BS degree. As long as GeorgeWash and Vanderbilt have a long waiting list -- costs are gonna be higher..

The "$212,000" figure that Limbaugh spit out would be at the highest end of the college tuition spectrum and represents a small percentage of the whole.

It's closer to what someone like me would be looking at coming out of professional school. In my case, that's a scary number. On the other hand, I want to go into Emergency Medicine. The median annual salery is over that (as is the mean). Pragmatically, I am looking at a 3-4 year residency at $35 to 40K where times will be tight followed by the potential for a good income. IBR makes sense for me. I can delay paying on a large principle for three years when times are tight and then try and knock it off as quickly as possible when my family has more disposable income. It also pays off for the government/taxpayer: more interest.

If I stretch that principle out over 20 years, I will have ended up paying multiple times what I have owed for no real benefit. Clearly I am going to try and pay off my loans as fast as I can. So in my (and my peers case), the government and the taxpayer are repaid in full with 7% interest.

Income wise, the profession I am going into is somewhat unique in that the salaries are fairly consistent and predictable. The mean salary is in the upper ends as far as Americans are concerned. On the other end, the high end of the salary curve is also basically capped. I am never going to earn a seven figure income unless I invent something or do something outside of the purely practicing medicine (i.e. start a business or invest).

On the other hand, kids coming out of college generally have more risk, but the potential to go on and become a bajillionaire is also there.

Mark Zuckerberg didn't start a business that now puts his value at 17 billion dollars on a loading dock. He started it at Harvard.

So where is the tipping point? You guys clearly want to bitch, but at what point are student loans a good investment and when are they a bum deal? I mean, I only hear you guys bitching about the most extreme cases: "Susie Creamcheese went to Yale and got a degree in Underwater Basketweaving".

You've chosen to SERVE PEOPLE in one of the meaningful ways that ANYONE in society can.. The eventual reward (assuming you don't freak out in Residency or suck at the job) is obvious. That's what money is -- thanks from other people..

What I'm (we're) bitchin about is ...
It's all those "perverse incentives" and unintended consequences that we see ALL the time coming out "well-intentioned" GOVT altruism.

1) It places a GUARANTEE on your outcome regardless of your choices OR (apparently) your performance. Don't make an expected college salary? No Prob... Suck at what you do? No Prob.. Don't have a clue how you are gonna serve humanity in a meaningful way with a Russian Lit degree.. We'll comp ya.... That's YOU and ME comping them BTW...

2) It tells folks that kicking out kids will pay you $140/month or more!!!

3) It gives a Golden Parachute to Public Servants. Making that choice a refuge for the hopeless. Can't find a real job? Uncle Sam will provide for you and dismiss your loan. Is that a way to INCREASE competency in GOVT?

4) It sends the message that education assistance is means tested "AFTER THE FACT".. Whereas scholarships may be means tested on ability to pay and therefore benefit the currently underprivileged -- THIS sends a message that the debt you incurred is means tested by your ability to CONTRIBUTE after you wasted time in college. It REWARDS the folks who are UNDERPREPARED to serve society...

5) Since there is CAP on payment amounts -- it sends the message to RUN UP those college loans, it won't really affect payments. How perverse is that? if someone WANTED to inflate College costs -- they couldn't have devised a more devious plan..

HOLY COW... Looking at that list -- I REALLY think we blew it by not reading whatever Bill allowed this evil plan.. It is to me maybe MORE of a leftist grab in effect than the Health Care fiasco...

And there isn't a leftist on this board that can claim that way this works is to "provide free education as entitlement because it will benefit ALL of us". If that was the goal -- we wouldn't be ENCOURAGING failing outcomes!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And GeauxtoHell --- "Predictable salaries?" What rock have you've been under? You're biggest hedge advantage to this plan is only that -- SHOULD the GOVT SUCCEED in a healthcare takeover and your salary and reimbursements from a single payer PLUMMET --- you're already positioned to bail on the cost of your education..
Won't help you much in serving the public better -- but Uncle Sam has your back....

...even though Uncle Sam is broke and downgraded.

 

[logical4u]

Best post of all time

Notice how you didn't bother to address the subject, just attack the messenger:

Please explain how the dems had the white house, the congress, and did not accomplish everything they wanted? They did not hesitate to pass the healthcare using unethical means. Just why is it that they did not accomplish the total socialization of the USA? Have you asked yourself? There were not enough republicans in office to stand in their way, yet they did not do it when they had the means and the power.

No response here???????


If you disagree, please show me where your type of "government" has made life better for the "entire" population (and without the defense spending coming from another power, ie the USA) of a country.


No response here????????

If I am such a "cuckoo", it should be easy to provide how great your system works. Show us all where any of these types of beliefs have led to a great country.

Address the subject?

. your posts that you are a communist/socialist/homosexual extremist/islamic extremist/liberal/progressive (they all use the same methods, pick one)

I think is the best response

That language familiar: bacbukbacbukbac, chicken, you have nothing, no proof, just "trust me", you cannot show how any of those plans build anything. I can show you that millions have been killed under "your ways".
You guys, you just keep (your own graves)

 

[flacaltenn]

Public college costs DOUBLED just under W BOOOSH, and the private loans he pushed added MORE cost. Rush Limbaugh is a big fat druggie, bought off idiot, and his dittoheads are bad citizens out of pure angry ignorance....

A lot of these folks actually thought that Obama was forbidding them to borrow money from a bank with the changes to the law.

But the private loans cost the government MORE. They were a pure giveaway to the banks, from the taxpayer. Bush's favorite game. Giving my tax dollars to the richest people in the world.

Those govt-backed private loans were more expensive because there was more ACCOUNTABILITY in tracking payments and bookkeeping. I can ASSURE you that instead of Making a marginal profit on Student loans like the banks did -- That the default rates, the non-payments, and the fraud WILL SOAR under GOVT control.. AND it's almost ASSURED that instead of breaking even or making a profit like "a loan" is SUPPOSED TO --- that THIS change will literally cost TAXPAYERS a HUGE fortune...

Gimmeafucjkingbreak... You're a prime example of going apeshit over GOVT ineptness, lack of accountability and inefficiency...

As for the fact that private loans are still possible.. A prostitute can't compete with a whore....

 

[Greenbeard]

Those govt-backed private loans were more expensive because there was more ACCOUNTABILITY in tracking payments and bookkeeping. I can ASSURE you that instead of Making a marginal profit on Student loans like the banks did -- That the default rates, the non-payments, and the fraud WILL SOAR under GOVT control..

Direct Loans are not new, we can actually look at their performance compared to the former FFELP. For example, in 2000 the overall default rate for Direct Loans was 6.6% vs 6.7% for student loans made through banks as part of FFELP. In 2009, it was 5.3% for direct loans vs. 7.3% for private lenders. The point being that, no, default rates have not been soaring for Direct Loans relative to private lenders.

 

[flacaltenn]

Those govt-backed private loans were more expensive because there was more ACCOUNTABILITY in tracking payments and bookkeeping. I can ASSURE you that instead of Making a marginal profit on Student loans like the banks did -- That the default rates, the non-payments, and the fraud WILL SOAR under GOVT control..

Direct Loans are not new, we can actually look at their performance compared to the former FFELP. For example, in 2000 the overall default rate for Direct Loans was 6.6% vs 6.7% for student loans made through banks as part of FFELP. In 2009, it was 5.3% for direct loans vs. 7.3% for private lenders. The point being that, no, default rates have not been soaring for Direct Loans relative to private lenders.

I love the way you "Fox-Newzed, MSNBC"D" that quote.. The larger subtext is here..

The government's direct loan program reported a default rate of 5.3%, compared with 7.3% in the program using private lenders. Industry analysts said much of that difference could be attributed to the mix of schools in the program. The government program is heavily concentrated in four-year public universities, which tend to have low default rates, while private lenders cater to a higher percentage of for-profit schools, which tend to have higher default rates.

Kevin Bruns, executive director of America's Student Loan Providers, an advocacy group representing lenders, said the disparity between the default rates is "purely just a reflection of the make-up of the customer."

Surely when comparing FFELP to Direct loans you're leaving OUT the fact that FFELP which was administered by banks and colleges, is EXACTLY what Pelosi, Reid and Obama wanted to do away with and --- AT THE TIME were carrying the MAJORITY of student loans written. So there is no experience with carrying such a large volume. Private lender loans are also not neccessarily FFELP backed.

More importantly ---- with the OBAMA repayment rules, the message will be that THERE IS NO SUCH THING as default anymore.

As you see in the IBR table I posted -- the new rules say that if your income goes down --- THE TAXPAYERS pay for your loan...

Just like the FEDS redefine, poverty, inflation and employment numbers to make themselves APPEAR to be slick and efficient -- They've redefined "loan" and "default" to remove all the risk to the borrowers and put it all on the taxpayers...

Good Job -- Hopey Dopey ones!!!!!

 

[SAT]

Public college costs DOUBLED just under W BOOOSH, and the private loans he pushed added MORE cost. Rush Limbaugh is a big fat druggie, bought off idiot, and his dittoheads are bad citizens out of pure angry ignorance....

A lot of these folks actually thought that Obama was forbidding them to borrow money from a bank with the changes to the law.

But the private loans cost the government MORE. They were a pure giveaway to the banks, from the taxpayer. Bush's favorite game. Giving my tax dollars to the richest people in the world.

Those govt-backed private loans were more expensive because there was more ACCOUNTABILITY in tracking payments and bookkeeping. I can ASSURE you that instead of Making a marginal profit on Student loans like the banks did -- That the default rates, the non-payments, and the fraud WILL SOAR under GOVT control.. AND it's almost ASSURED that instead of breaking even or making a profit like "a loan" is SUPPOSED TO --- that THIS change will literally cost TAXPAYERS a HUGE fortune...

Gimmeafucjkingbreak... You're a prime example of going apeshit over GOVT ineptness, lack of accountability and inefficiency...

As for the fact that private loans are still possible.. A prostitute can't compete with a whore....

The government backed loans were more expensive as a giveaway to the private sector. This is what Bush did. Figure out ways to transfer our tax dollars to the private sector. See Halliburton, Blackwater, and Medicare Part D for more information.

As for your final sentence, yeah, that's beside the point. My point is that these people were so eaten up with Obama fear, fed by Fox/Rush/Glenn that they believed this was another Obama "tyranny".