Obama's Student Loan Solution

Discussion in 'Education' started by KMAN, Oct 2, 2008.

  1. KMAN
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    KMAN Senior Member

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  2. DiamondDave
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    DiamondDave Army Vet

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    Again.. not the job of government to mommy this for adults who are responsible for their own choices, debts, loans, earnings, etc...

    But Obama loves the opportunity to try and buy some votes at taxpayer expense
     
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  3. busara
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    busara wanasiasa wapumbava

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    how exactly would this plan cost us money? from the article, it basically just looks like he wants the govt to offer up more in loans for students. it would be paid back.

    not saying he should do it, just dont see how it would cost us
     
  4. DiamondDave
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    It is not the job of govt... #1

    If you think the govt does this without a huge bureaucracy behind it, costing us more and more, you are sadly mistaken... #2

    Guaranteed student loans, much like many of the CRA guaranteed housing loans, are more risky and more times bad investment.. and will lead to more problems... #3

    It will cost us
     
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  5. WillowTree
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    WillowTree Diamond Member

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    in just a matter of moments it will become. pay it back? are you crazy? you shouldn't have loaned it to them in the first place.
     
  6. rayboyusmc
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    rayboyusmc Senior Member

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    Just like McCain and all the other politicians?
     
  7. editec
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    editec Mr. Forgot-it-All

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    Ireland is now an economic powerhouse. Possibly the healthiest economy in EUROPE

    Thirty years ago the place was a pit economically

    Want to know how they did it?

    Decreasing taxes on businesses AND investing heavily in FREE EDUCATION for their children.

    America became the wealthiest most productive place in the world post WWII.

    Does the term VETERANS EDCUATIONAL BENEFITS ring any bells?

    Guess what?

    Veterans today don't get anything like the help the WWII and Korean VETS got. It's not even close.

    You don't suppose that having an educated public might have any effect on the nation's economy or anything do you?
     
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  8. DiamondDave
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    DiamondDave Army Vet

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    Children... NOT ADULTS... when you are an ADULT you are PERSONALLY RESPONSIBLE FOR YOURSELF....

    As for benefits for employment... much different than 'free' education or government funded loans/grants/handouts for adults for education
     
  9. Jon
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    Jon The CPA

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    So now he wants the federal government to be the one funds all theses student loans? First we buy off bad mortgages, now we're going to make bad loans to 18 year old kids.

    Fuck this guy. I have no problem having a bank between me and my student loans. My interest rates are at 3%. Shit, I borrow the max amount of student loans and put it into my checking account that earns 4.25%. I'm EARNING money on my student loans.

    Cutting banks out of student loans doesn't do a fucking thing to reduce the cost of education. Tuition prices are set by the universities, and if it's a public university, it's set by that state. It has abso-fucking-lutely nothing to do with loans.

    What else will this guy do for votes?
     
  10. jillian
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    jillian Princess Supporting Member

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    I had a student loan backed by government. I'm not sure what your point is because I'm not sure why you think student loans are a bad investment. I know that student loans are one of the few things that aren't dischargeable in bankruptcy. I know that they can garnish your paycheck and put liens on your property and attach your bank accounts if you don't pay.
     

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