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Thread: Student Loans: The Next Bailout?

  1. #1
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    Thumbs down Student Loans: The Next Bailout?

    I am adamantly against this. Look where the last bailout got us. NADA.

    Surprise, liberals want free college for all.

    News Headlines

    "Our current system, in fact, has so failed that it may now be exacerbating income inequality (by saddling low-income students with high loan balances and shaky job prospects), economic malaise (by keeping would-be homebuyers stuck in costly rentals because of already high debt loans and/or poor credit histories, thereby damaging both the housing market and potential consumer spending), and long-term economic vitality (by hampering household and family unit formations with a higher share of 20- and 30-somethings currently stuck at home with mom and dad).

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    Veteran Member Devil505's Avatar
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    Maybe you people on the Right would have more credibility if you didn't favor keeping the huge tax cuts for the wealthy & the huge tax breaks for Big Oil?

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    Quote Originally Posted by Devil505 View Post
    Maybe you people on the Right would have more credibility if you didn't favor keeping the huge tax cuts for the wealthy & the huge tax breaks for Big Oil?
    devil, the right didn't write the article or cause the problem.

    27% delinquency rate is really bad.

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    Undercovfefe Agents TennesseeRain's Avatar
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    the article didn't say liberals want free college for all. Do you have a link that says that?
    Thanks from cable2

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    your right it doesn't.

    there is this from this liberal site.

    Petitions on advocacy website Change.org include calls for federal student loan interest rates to be capped at 3 percent or eliminated altogether.

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    Undercovfefe Agents TennesseeRain's Avatar
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    Quote Originally Posted by mtm1963 View Post
    your right it doesn't.

    there is this from this liberal site.

    Petitions on advocacy website Change.org include calls for federal student loan interest rates to be capped at 3 percent or eliminated altogether.
    The OP claimed liberals want free college for all. Do you have a link for that? It seems an interest rate being capped at 3% does not equal "free." What am I missing?
    Thanks from cable2

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    It doesn't really make sense that we call state universities "public", because there is nothing public about them. If expensive and rising tuition disqualifies many from being able to attend a "public" university, it's not public. State universities used to mean affordable higher education and access to services.

    Education and healthcare are two things that should not financially disqualify someone: it's a moral issue. A free society does not consist of income-based access to basic human services, bottom line.

    The 2012 budget for Dept. of Defense is almost $700 billion. The budget for Dept of Education is almost $80 billion. Dept of Health and Human Services is about the same as Education. I don't hear anyone seriously looking into knocking off a few hundred billion from the Defense budget. If they did, what they say about education and healthcare costs would actually be credible. But they aren't credible, because they support nearly a trillion dollars in defense.

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    Quote Originally Posted by TennesseeRain View Post
    The OP claimed liberals want free college for all. Do you have a link for that? It seems an interest rate being capped at 3% does not equal "free." What am I missing?
    are you having trouble reading my words this morning?

  9. #9
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    Quote Originally Posted by sparty View Post
    I am adamantly against this. Look where the last bailout got us. NADA.

    Surprise, liberals want free college for all.

    News Headlines

    "Our current system, in fact, has so failed that it may now be exacerbating income inequality (by saddling low-income students with high loan balances and shaky job prospects), economic malaise (by keeping would-be homebuyers stuck in costly rentals because of already high debt loans and/or poor credit histories, thereby damaging both the housing market and potential consumer spending), and long-term economic vitality (by hampering household and family unit formations with a higher share of 20- and 30-somethings currently stuck at home with mom and dad).
    Someone has to pay for that Creative Writing or Liberals Arts degree. Why not the taxpayer?

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    Quote Originally Posted by mtm1963 View Post
    devil, the right didn't write the article or cause the problem.

    27% delinquency rate is really bad.
    But Obama finally paid off his loans. Good for him!

    http://www.huffingtonpost.co.uk/2012...n_1451290.html
    Last edited by meridian5455; 26th April 2012 at 05:11 AM.

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