So let me see if I have this straight.If these idiots fall for this, they are stupid.
Today obama announced how he is going to save them all "a lot of money" on their Monthly payments.
So how much money? from 4.50 to 7.50 a month total.
Woot, talk about a wind fall.
Yes, the "one" is all for enslaving the college grads (those with loans) for under 10 dollars a month, and it sounds like a lot of them are willing to sign up. That will land them as gov't employees. Do you think they will be interested in providing "service" to the taxpayers?
A college degree that costs $212,000 will enslave the stupid student who is paying back all of it except for under $2,000 while costing the taxpayer almost a million dollars per student.
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
October 27, 2011
RUSH: These student loans are gonna end up costing the taxpayers anywhere between $800,000 and $900,000 per student.
October 27, 2011
RUSH: It's a farce. It's a total farce. It misleads and it deceives students, and it's gonna end up saving students $8. This is one of the biggest jokes to come down the pike in a long time, and I'm gonna set it straight. It's a convoluted, intricately woven web of deceit. But that's what I do here is make the complex understandable.
How many of these students will sign up for gov't jobs to have their loans "forgiven" after working for the gov't for 10 years (at a job that pays less than the private sector for their "education level")? If they pay the minimum for 10 years (paying at the pro-rated scale), and then don't have to pay the rest of it. They have put the taxpayer on the hook for a whole bunch of money. Now that they have worked for the gov't for 10 years, they are likely to stay with the gov't because their leave and benefits have built up, and if they stay for another 15 years, they will have a good retirement.
The gov't gets people that wouldn't pay their own way, and then saddle the taxpayer with their livelyhood and the cost of their education. The gov't gets a lifelong supporter of "big gov't". The student becomes a person that never knows freedom or life outside gov't employment, or what they "could have" done with their life.