GOP's Secret $90 Billion Gift to Wall Street by raising cost of student loans

[Bfgrn]

"The German school is a part of the National Socialist Educational order. It is its obligation to form the national socialistic personality in cooperation with the other educational powers of the nation, but by its distinctive educational means." -- German Progressive Adolf Hitler, another big believer in state run education

OK Frank, you can stop you empty rants. NOW, tell us HOW to educate the children in America.

Ideally, because the damage is so pervasive, you'd have to wipe out all civilization and start all over, so a 100 mile wide asteroid would be the best thing to happen to American education, but here goes...

First, eliminate the US Department of Education and any and all federal standards with respect to education.

Second, eliminate any state barriers to establishments of schools. Allows trade unions, technology companies, investment banks to start and charter their own schools.

Well, that's plenty good for a start actually.

Education needs to be as broad based, diverse and bottom up as humanly possible, we're 180 degrees removed from that today

WHO pays for all this Frankie, your fairy god mother? What if a family can't afford a charter school? What if whole communities can afford an education and instead they create gangs that pillage and steal.

I mean, if you want to go back to Medieval days of guilds and livery companies, then we will have to accept ALL the consequences. There will be the excluded and they will find ways to survive. But it rarely resembles civilization.

 

[Dont Taz Me Bro]

What I never hear from any of you right wingers is one ounce of caring or concern about other people. WHAT do you base your patriotism on, buildings, monuments, flags? Because it sure doesn't include AmericANS.

Interesting. I've known plenty of right wingers in my day and I don't know a single one of them who thinks that way.

Speaking of charity, by the way, the numbers conclusively show that the people living in the states that donate the most money to charity are typically those states that vote Republican, while the states that donate the least to charity are typically those that are run by "compassionate, caring" progressives, so compassionate and caring that they don't dare put up their own time or money for what they supposedly support.

Who Gives and Who Doesn't? - ABC News

Spare us the hypocrisy. You and your ilk are nothing but frauds. Do the rest of us a favor and walk yourselves off a cliff. (Many of you may actually be doing just that on November 2nd.)

 

[Bfgrn]

No, you don't get it. You get nothing... you immerse yourself in a sense of self-righteousness, whereby you espouse policies that create need and dependency all the while declaring yourself better than everybody else.

You get nothing...

SO, you got to where you are all by yourself...

Go ahead and call me self-righteousness. It is the only comeback a morally bankrupt narcissist can say to defend his self absorbed ego.

What I never hear from any of you right wingers is one ounce of caring or concern about other people. WHAT do you base your patriotism on, buildings, monuments, flags? Because it sure doesn't include AmericANS.

"You shall rise in the presence of gray hairs, give honor to the aged, and fear God, I am the Lord"
Leviticus 19:32

No, you are a self-righteous, preachy bore. I got where I am by decent parents and drive. You know nothing of me and the fact that you would post such drivel, make such outlandish assumptions of someone you know nothing of is proof that you are exactly what I say you are.

I know what you say and what you DON'T say...I hear nothing I consider 'decent'. I only hear your three priorities...ME...MYSELF...and I.

 

[Revere]

SO, you got to where you are all by yourself...

I did.

That's a big 10-4. Worked my way through.

 

[Bfgrn]

What I never hear from any of you right wingers is one ounce of caring or concern about other people. WHAT do you base your patriotism on, buildings, monuments, flags? Because it sure doesn't include AmericANS.

Interesting. I've known plenty of right wingers in my day and I don't know a single one of them who thinks that way.

Speaking of charity, by the way, the numbers conclusively show that the people living in the states that donate the most money to charity are typically those states that vote Republican, while the states that donate the least to charity are typically those that are run by "compassionate, caring" progressives, so compassionate and caring that they don't dare put up their own time or money for what they supposedly support.

Who Gives and Who Doesn't? - ABC News

Spare us the hypocrisy. You and your ilk are nothing but frauds. Do the rest of us a favor and walk yourselves off a cliff. (Many of you may actually be doing just that on November 2nd.)

Ah, THE Arthur Brooks study

Arthur Brooks writes: "When it comes to giving or not giving, conservatives and liberals look a lot alike. Conservative people are a percentage point or two more likely to give money each year than liberal people, but a percentage point or so less likely to volunteer [citing the 2002 General Social Survey (GSS) and the 2000 Social Capital Community Benchmark Survey (SCCBS)]". (pp. 21-22)

So, according to THE Arthur Brooks study: conservatives believe in the giving of mammon (money) and liberals believe in the giving of themselves.

 

[geauxtohell]

GOP candidates are making a point of running against "bailouts" this year. Yet even as they rail about rescuing big banks, they're working on a plan that would slip those same banks an estimated $90 billion in taxpayer money...and that's just in the first ten years.

"Fiscal conservatism," anyone?

It was always hypocritical to slam a bailout that they and their party initiated. But it turns out they were just warming up. Now they're trying to pull a fast one on the American public, tapping Tea Party rage about big government spending even as they prepare to slip the big bankers some big bucks. They're planning to siphon off $90 billion meant for America's college students and their families and give it to Wall Street.

Any Tea Partier who votes for these guys is being played for a sucker.

The Republican repeal plan wouldn't just put tens of billions of public dollars in bank coffers. It would also raise the maximum amount a graduate is forced to pay each year from 10 percent to 15 percent of income. And it would extend the length of time before their debt is forgiven from 20 to 25 years.

Your GOP: Sending billions in taxpayer money to rich bankers, and squeezing young people starting out in life. Call it the New Populism.

Small government? Less spending? The Republican Party's backdoor bailout of wealthy bankers is bigger than the auto-industry bailout. It's bigger than the home-loan program. It's bigger than the lending program for small businesses. And unlike those programs, it serves no social purpose at all:
More...

When I went to school, I worked a couple jobs at the same time and there were quarters when I was not a full time student. I just kept grinding along though, and after short of 6 years, I graduated with 3 degrees and no debt.

This method was my choice.

Taking loans is the choice of others. If they take the loan, they need to pay that loan back. I understand that many do not. I think that I've read on this board that people have graduated with 400 grand of student loan debt.

First, how could get these loans? Second, they have no intention of paying these off. They are, in effect, stealing and everyone knows it.

If you're gonna play, you gotta pay. If anyone takes a loan, they are at the mercy of those that have it to lend. It's the Golden Rule. Who has the Gold, makes the Rules.

Try working a couple of jobs and paying for Medical School at around $50K a year.

Am I suggesting you are living in a fantasy world? Perhaps.............

 

[KissMy]

SO, you got to where you are all by yourself...

I did.

That's a big 10-4. Worked my way through.

Amen to that.

This new entitlement society will bring a rapid end to our current civilization. It only took 6 years for GSEs to nearly destroy this country with Government backed lending.

 

[Revere]

It's not moral to demand other people's earnings.

 

[geauxtohell]

It's not moral to demand other people's earnings.

No one is demanding anything. It's a loan, dip-shit.

 

[CrusaderFrank]

OK Frank, you can stop you empty rants. NOW, tell us HOW to educate the children in America.

Ideally, because the damage is so pervasive, you'd have to wipe out all civilization and start all over, so a 100 mile wide asteroid would be the best thing to happen to American education, but here goes...

First, eliminate the US Department of Education and any and all federal standards with respect to education.

Second, eliminate any state barriers to establishments of schools. Allows trade unions, technology companies, investment banks to start and charter their own schools.

Well, that's plenty good for a start actually.

Education needs to be as broad based, diverse and bottom up as humanly possible, we're 180 degrees removed from that today

WHO pays for all this Frankie, your fairy god mother? What if a family can't afford a charter school? What if whole communities can afford an education and instead they create gangs that pillage and steal.

I mean, if you want to go back to Medieval days of guilds and livery companies, then we will have to accept ALL the consequences. There will be the excluded and they will find ways to survive. But it rarely resembles civilization.

Let me know when you come up with some reason other than: a) class warfare or b) mental illness.

 

[Bfgrn]

SO, you got to where you are all by yourself...

I did.

REALLY??? Then you are the FIRST.

 

[KissMy]

It's not moral to demand other people's earnings.

No one is demanding anything. It's a loan, dip-shit.

It's only a loan when it is lent to someone with a 680 or higher credit score with realistic expectations of it being paid back & realistic interest is paid at a rate at least equal to true inflation. Otherwise it it theft.

 

[geauxtohell]

It's not moral to demand other people's earnings.

No one is demanding anything. It's a loan, dip-shit.

It's only a loan when it is lent to someone with a 680 or higher credit score with realistic expectations of it being paid back & realistic interest is paid at a rate at least equal to true inflation. Otherwise it it theft.

According to who? You?

So I guess I don't, in fact, owe 7% on the money I borrowed? I'll inform the government tomorrow.

The credit score blurb is silly. Most students have little or no credit history. If people started restricting student loans to based on credit score, then few people could have access to them.

Obviously student loans are expected to be paid back or they wouldn't be given out. Furthermore, unlike the general population, there are actual consequences for not paying back your loans.

Case in point, if you default on your medical school loans, you can't practice medicine.

I just find it a little bewildering that you guys think student loans are somehow much different then the loans you guys take out.

 

[KissMy]

No one is demanding anything. It's a loan, dip-shit.

It's only a loan when it is lent to someone with a 680 or higher credit score with realistic expectations of it being paid back & realistic interest is paid at a rate at least equal to true inflation. Otherwise it it theft.

According to who? You?

So I guess I don't, in fact, owe 7% on the money I borrowed? I'll inform the government tomorrow.

The credit score blurb is silly. Most students have little or no credit history. If people started restricting student loans to based on credit score, then few people could have access to them.

Obviously student loans are expected to be paid back or they wouldn't be given out. Furthermore, unlike the general population, there are actual consequences for not paying back your loans.

Case in point, if you default on your medical school loans, you can't practice medicine.

I just find it a little bewildering that you guys think student loans are somehow much different then the loans you guys take out.

Bullshit, All a student needs is to responsibly pay a credit card, car loan or cell phone contract & they will have a good credit score. Students have just as good of credit as the average person. Only 15% of credit score is based on length of credit history. And on the flip side they have not had long enough to screw up their credit.

The FICO score breakdown.
•35% Payment history
•30% Outstanding debt
•15% Length of your credit history
•10% Recent inquiries on your credit report
•10% Types of credit in use

Generalized average rating of FICO scores.
•720-850: Outstanding credit ("AA")
•700-719: Very Good credit ("A")
•675-699: Good credit ("B")
•620-674: Acceptable credit ("C")
•560-619: Poor credit ("D")
•500-560: Very poor credit ("E")
•Below 500: No credit, credit-based applications denied outright ("F")

 

[geauxtohell]

It's only a loan when it is lent to someone with a 680 or higher credit score with realistic expectations of it being paid back & realistic interest is paid at a rate at least equal to true inflation. Otherwise it it theft.

According to who? You?

So I guess I don't, in fact, owe 7% on the money I borrowed? I'll inform the government tomorrow.

The credit score blurb is silly. Most students have little or no credit history. If people started restricting student loans to based on credit score, then few people could have access to them.

Obviously student loans are expected to be paid back or they wouldn't be given out. Furthermore, unlike the general population, there are actual consequences for not paying back your loans.

Case in point, if you default on your medical school loans, you can't practice medicine.

I just find it a little bewildering that you guys think student loans are somehow much different then the loans you guys take out.

Bullshit, All a student needs is to responsibly pay a credit card, car loan or cell phone contract & they will have a good credit score. Students have just as good of credit as the average person. Only 15% of credit score is based on length of credit history. And on the flip side they have not had long enough to screw up their credit.

The FICO score breakdown.
•35% Payment history
•30% Outstanding debt
•15% Length of your credit history
•10% Recent inquiries on your credit report
•10% Types of credit in use

Generalized average rating of FICO scores.
•720-850: Outstanding credit ("AA")
•700-719: Very Good credit ("A")
•675-699: Good credit ("B")
•620-674: Acceptable credit ("C")
•560-619: Poor credit ("D")
•500-560: Very poor credit ("E")
•Below 500: No credit, credit-based applications denied outright ("F")

Holy fucking delayed response, Batman!