John Boehner and House Republicans voted to increase student loan rates to as high as 8.5% for the families who already struggle the most to afford a college education.
President Obama is threatening to veto, but he needs you behind him to stop this disaster of a bill.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Why are you blaming the Gov. when schools are charging an outrageous amount of $$$ for tuition?
You cry about 'Big Oil' or 'Big Pharma' or 'Fat Cat Bankers' but never a peep about 'Big Schools'
Oh wai....I forgot! The schools need all that $$$ to pay 'big bucks' to the ultra-left professors that teach our kids that making a lot of money is bad.
Boxy hypocrisy at work!
"Approval ratings go up and down for various reasons... An example is the high post 911 support for GWB even though he could be said to be responsible for the event." --- Box A Rox '9/11 Truther'
Melania is a bimbo... she is there to look at, not to listen to. --- Box A Rox and his 'War on Women'
The reason it is so high is because the government is involved, just like the reason it is so expensive for rent, when the government pays for it of course the landlords will up the rent to outrageous prices. Get them out and landlords will once again have to compete with the market dropping prices.
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot."
Anything to put Americans in debt to the bankers. Next thing to be mortgaged will be food and water. That will assure Americans will continue to be the elites wage slaves.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Yes, student loans, tens of thousands in debt by the age of 23 that follows you for life, paid to bankers, no job when you get out. A pretty good racket - for bankers and professors.
Yes, student loans, tens of thousands in debt by the age of 23 that follows you for life, paid to bankers, no job when you get out. A pretty good racket - for bankers and professors.
See! I knew he could get back on topic!!!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Anything to encourage more debt to bankers, right box? Just call it "investment", and the people will continue to willingly enslave themselves.
Actually it's about setting student loan rates... Student loans in (some years) make a profit for the govt.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Actually it's about setting student loan rates... Student loans in (some years) make a profit for the govt.
It makes the government money by putting kids in debt. Yeah, that's real moral.
Markets should set interest rates, not politicians. We seen what happened to the housing market with artificially low interest rates.
The student loan bubble will bust when too many people that should have never been in college to begin with are unable to pay and banks are not getting their returns. What are they going to do, destroy millions of Americans future credit by ruining their credit score? That's a self inflicted wound, then millions wouldn't be able to purchase houses and cars on credit. Default now or default later. Our economy relies on the ability of a person to take on debt and become a productive debt slave.
Raising the artificially low rate to artificially high rate is to off set the coming default by charging future college students with the means more interest and discouraging those without the mean from taking on loans they cannot repay.
Ok, so what you really wanted is Congress to do nothing so Stafford loans would double from the current 3.4% to the pre-recession 6.8% on July 1st?....You do know that this was only temporary and was supposed to go back to 6.8% last July 1st
I thought the recession was over, Boxy?
And Boxy....It's clear you have no idea what your talking about, otherwise you would know that tying student loan rates to market rates was in Obama's budget proposal. The only thing the GOP did was add on a provision that would cap it at 8.5% SHOULD it ever get that high, whereas Obama's proposal had no such cap.
Instead of blaming the GOP, you really should be blaming your DEM buddies who made this only temporary back in 2007. They controlled both houses.
"Approval ratings go up and down for various reasons... An example is the high post 911 support for GWB even though he could be said to be responsible for the event." --- Box A Rox '9/11 Truther'
Melania is a bimbo... she is there to look at, not to listen to. --- Box A Rox and his 'War on Women'
The reason it is so high is because the government is involved, just like the reason it is so expensive for rent, when the government pays for it of course the landlords will up the rent to outrageous prices. Get them out and landlords will once again have to compete with the market dropping prices.
Patents and copyright laws legalize price gouging. The entire education system is based on books.
Books that are allowed to be sold at 1000 times or more than their actual value.
Granted tuition rates are high but then again they weren't exactly low 30 or 40 years ago either. I worked at 4 jobs (1 morning, 1 afternoons and evening, 1 weekends and 1 summer & as needed) to put myself through college -- and only took out students loans for if absolutely necessary for actual school expenses. I have heard of some college students today who don't work at all during college and use student loans to pay for off campus apartments and a lot of "discretionary non-educational spending." So I am not completely sympathetic when they end up with a huge loan to pay off at the end of college.
The GOP bill places a cap on interest rates and has other common sense provisions. Obama and the Pelosipalosers last year want nonsense student loan provisions that would have enabled students to "skip out" on paying their loans. Loans are a contract with a bank or the government -- and if one is intelligent enough to go to college one should be intelligent enough to know that he/she will be expected to pay it back someday.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
Granted tuition rates are high but then again they weren't exactly low 30 or 40 years ago either.
40+ years ago community/ junior college was FREE. You only had to buy your books. Full time students ( 12-15 units )at any California State University the tuition was $ 189.50 PER SEMESTER.
40+ years ago community/ junior college was FREE. You only had to buy your books. Full time students ( 12-15 units )at any California State University the tuition was $ 189.50 PER SEMESTER.
I didn't go to a community college or to Cal State. I was paying a little over $4,000 each year in tuition, housing and various college fees.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
Logged
I knew he could get back on topic!!!
