GOP Pushes New Cuts

Discussion in 'Politics' started by Modbert, Jul 12, 2011.

  1. Modbert
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    Modbert Daydream Believer Supporting Member

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    Debt Crisis Deepens as Eric Cantor, GOP Propose New Cuts - The Daily Beast

    In his quest to save the rich from making sacrifices whatsoever, Cantor is now scraping the bottom of the barrel.

    The problem with Cantor's idea to have Students pay the interest right away instead of deferring to graduation is the fact that students won't be able to pay for it.

    A.) There's no jobs for said students currently.

    B.) If students had the money to pay off the interest on these loans, they wouldn't be borrowing money from the government in the first place.

    C.) It's not as if the students are getting free money. They eventually have to pay back said interest and loan payments. And guess what? Unlike the majority other forms of debt, they can't discharge it by declaring for bankruptcy. I wonder if Cantor realizes what this will do to the economy, I doubt he even cares.

    D.) This is only going to save $4 billion a year. They already cut the grants that Students receive. Meanwhile, Cantor won't even touch the defense budget among other things including closing tax loopholes.

    I don't see how anyone can take Cantor seriously, he has shown that he doesn't actually care about cutting our deficit.

    Edit:

    Also, for all the "deficit hawks":

    E.) It's a gimmicky accounting trick.
     
  2. Chris
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    Chris Gold Member

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    Cantor is pure evil. He is pushing the Republican agenda of handouts for the oil companies, the coal companies, Wall Street, and the wealthy, and the destruction of Social Security and Medicare.

    There is a special place in hell waiting for Mr. Cantor.
     
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  3. Wacky Quacky
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    Wacky Quacky Silver Member

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    Yeah, this is bullshit. There are still other areas that can be cut that would save a hell of a lot more than a pitiful 40 billion over 10 years.
     
  4. Trajan
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    Trajan conscientia mille testes

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    I agree, the demand for ongoing interest payments immediately upon receipt is ridiculous.
     
  5. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    He looks like a James Bond villian..

    Or um..this guy.

    [ame=http://www.youtube.com/watch?v=JhTDnKNR6d0&feature=related]YouTube - ‪Creepy thin man‬‏[/ame]
     
  6. Truthmatters
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    Truthmatters BANNED

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    The republicans dont want a deal.

    They want a constitutional crisis
     
  7. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    No.

    He doesn't.

    He wants to keep the Bush tax cuts.

    Simple as that.
     
  8. Article 15
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    Article 15 Dr. House slayer

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    Don't worry, Obama will agree to this too.
     
  9. Article 15
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    Article 15 Dr. House slayer

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    A face only a mother wouldn't want to deck.
     
  10. Modbert
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    Modbert Daydream Believer Supporting Member

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    I'm sure he will, in exchange for nothing too probably.
     

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