Little.Alex: And taxes in America are already much, much too high. We need to be moving in the opposite direction; tax cuts, spending cuts, eliminating entire programs and departments, and deregulating.

bwahahahaha!

ohwaityoureserious.jpg

kbotc: Weaver95: kbotc: Also, uncle sam is guaranteeing the student loans, so if the female student decides to just call it all a wash, declare bankruptcy and live off the dole with the kid for the rest of her life, that's up to $80k out of your pocket just for the student loans that are now valueless to society.

student loans *cannot* be discharged via bankruptcy. once you take a student loan you are on the hook for it 'till the day you die...and maybe even afterwards.

Wrong. They can be discharged under circumstances, one of which is bankruptcy. You're referring to a fairly short-term change that was implemented and reversed during the Bush administration.

http://www2.ed.gov/offices/OSFAP/DCS/loan.cancellation.discharge.htm l

From the website you just linked to:

Bankruptcy
Effective October 8, 1998, your obligation to repay Title IV, HEA student loan and grant liabilities can no longer be canceled (discharged) due to bankruptcy, unless you can successfully prove that repayment of the debt would cause "undue hardship" as defined by case law in your jurisdiction. Previously, student loan and grant liabilities could only be canceled (discharged) due to bankruptcy under certain conditions which, in general, depended on the amount of time between the date on which a loan or grant liability was due or the date that the bankruptcy was filed, as well as undue hardship.

que.guero,What a Republican God Guard might look like.

I think Eddie Eagle needs to talk to the center red guard about lightsabre safety.

kbotc: Wrong. They can be discharged under circumstances, one of which is bankruptcy. You're referring to a fairly short-term change that was implemented and reversed during the Bush administration.

http://www2.ed.gov/offices/OSFAP/DCS/loan.cancellation.discharge.htm l

You're full of shiat and have no idea what you're talking about. Getting out of student loan debt takes an act of god at this point.

firefly212: Oh god yes, please, Republicans! Make this your issue for a week. Talk about how evil and scary Obama is for not wanting interest rates on student loans to double. Please give this issue as much press time as you can.

I'm a Republican. I have a student loan, though it is mostly paid and is not a burden to me.
That being said, a lower interest rate means more money out there for goods that stimulate the economy - TVs, guitars, whatever. To not keep the interest rates as low as possible seems counter-productive to an ideal republican economy.
Doesn't make sense to keep the rate low. Someone else above also noted that money to the gov't in the form of student loan interest is also counter to the republican way.

Why this is being fought by the GOP is beyond me. Some things I'll never understand...

here's your chance, libtards, take him down!!!!

go ahead... shake your tiny fists...

Little.Alex: meat0918: Let me get this straight.

Getting $40 billion extra per year in revenue from millionaires is bad and evil and won't put a dent in the deficit and has been blocked by Republicans, but gaining an estimated $0.58 billion per year (taking the $5.8 billion and dividing by ten) from doubling the student loan rate is A-OK with Republicans, because we have to cut spending and raise revenue from sources other than those that can afford it?



Actually, the figure in $3.2 billion - less than a tenth of what you said.

And taxes in America are already much, much too high. We need to be moving in the opposite direction; tax cuts, spending cuts, eliminating entire programs and departments, and deregulating.

Who here thinks Sandra Fluke is hot and farkable? I would love to fark her.

highendmighty: Doesn't make sense to keep the rate low.

I meant, doesn't make sense to raise the rate... WTF - not even high...

highendmighty: Why this is being fought by the GOP is beyond me. Some things I'll never understand...

I'm almost convinced the entire reason is 'because Obama's for it'.

A certain type of conservative likes this because deep down they want an American aristocracy.

Education only for the wealthy or very affluent is an excellent way to get there.

ph0rk: Little.Alex: That's what educated people, who we call Republicans, mean when they say the Federal Student Loan Program is distorting markets. It causes people to make decisions they would never make with their own money. If Mr. Puppet Major were doing summer construction work and waiting tables to get that scratch, I bet he would have spent it more wisely. Even if he picked a stupid major; he wouldn't have that debt on his back.

Which is an entirely excellent reason to raise rates so the ones that borrowed smartly (and intend to pay it back) will shoulder the burden, while the witless farks that owe $80k for a lit degree -still- won't pay it back.

It is so clear to me now. Thanks.


The point is; government shouldn't be setting loan rates. Government shouldn't be making these loans at all. If you need a loan, you should be going to a bank and negotiating a rate like an adult.

And that witless fark who borrowed $80 for a lit degree will be paying it back. Back in 1997, Republican Congress Democrat President, they made it so student loans can't be discharged in bankruptcy court. -just like money owed the IRS. You can renegotiate with a bank, but money you owe the government; you pay.

MBA Whore: Who here thinks Sandra Fluke is hot and farkable? I would love to fark her.

so does Limbaugh I suspect... thats why he cant leave her alone

NIXON YOU DOLT!!!!!: Little.Alex: And taxes in America are already much, much too high. We need to be moving in the opposite direction; tax cuts, spending cuts, eliminating entire programs and departments, and deregulating.

bwahahahaha!

ohwaityoureserious.jpg


It worked for Germany and China, and America under Reagan. Now we're doing the opposite, and it's crushing the economy.

It's amazing to me that the entire Democratic Party is based on abortion, and not understanding economics.

Jim_Tressel's_O-Face: highendmighty: Why this is being fought by the GOP is beyond me. Some things I'll never understand...

I'm almost convinced the entire reason is 'because Obama's for it'.

Yeah - that's one of only two reasons I can think of. The other one is that people can now INVEST in student loan debt, like bonds. The bigger the student loan debt, the more money investors make. Anyone else heard of this?

Little.Alex: ph0rk: Little.Alex: That's what educated people, who we call Republicans, mean when they say the Federal Student Loan Program is distorting markets. It causes people to make decisions they would never make with their own money. If Mr. Puppet Major were doing summer construction work and waiting tables to get that scratch, I bet he would have spent it more wisely. Even if he picked a stupid major; he wouldn't have that debt on his back.

Which is an entirely excellent reason to raise rates so the ones that borrowed smartly (and intend to pay it back) will shoulder the burden, while the witless farks that owe $80k for a lit degree -still- won't pay it back.

It is so clear to me now. Thanks.


The point is; government shouldn't be setting loan rates. Government shouldn't be making these loans at all. If you need a loan, you should be going to a bank and negotiating a rate like an adult.


A loan? From a bank? For grad school? haha.jpg, man.


And that witless fark who borrowed $80 for a lit degree will be paying it back. Back in 1997, Republican Congress Democrat President, they made it so student loans can't be discharged in bankruptcy court. -just like money owed the IRS. You can renegotiate with a bank, but money you owe the government; you pay.

Not if he never gets a job. Garnishing Starbucks wages only gets you so far. Yes, you can't get out of the loans, but the kid has to have wages to garnish, first.

meat0918: NIXON YOU DOLT!!!!!: LincolnLogolas: A subsidized student loan means the government foots the bill for the interest,

And that is only while the student is actively attending school more than a minimum number of hours.

And not all student loans are subsidized.

Yeah. I have both Federal Subsidized and Unsubsidized. Watching the interest accrue and be capitalized back into the loan while on forbearance because the only job I could find was $8.50/hr was not fun. Luckily I stayed away from the student loans from banks, unlike my brother.

How he talked our dad into co-signing the loan from Wells Fargo I'll never know, because now my bro is delinquent and my dad is getting the creditor calls...

What I tell my clients about co-signing a loan: if you can afford to pay it off and won't be surprised when they default then go ahead

badaboom: Same problem that affected the housing market

Scuse me, are these your oranges in my apple basket?

ph0rk: A certain type of conservative likes this because deep down they want an American aristocracy.

Education only for the wealthy or very affluent is an excellent way to get there.


And you're not effectively subjugated under the Democrat plan? Where you graduate with a watered down degree and $50,000 of debt on your back?

You're mesmerized by the fantasy of something for nothing.

steppenwolf: What did it take to take to get Rush Limbaugh off the air?

A fluke.

Too bad it wasn't liver fluke. Like, the kind that turns your internal organs into soggy mush.

Weaver95: RminusQ: We already know this guy is an amoral farkwad, but "some people want their education paid for by other people too" is just straight-up wrong. Fluke wants to have a reasonable interest rate that she can pay off, thus paying for her own education; rather than an insane rate that she can't, forcing her to declare bankruptcy and not pay for her own education.

But the Republicans don't care about education. plus, screwing over young people builds character (or something something folksy wisdom biblical principal). The GOP and it's minions don't care about young people problems, they care about OLD people problems. OLD people matter. Corporations matter. Rich people matter. everything else isn't on the GOP radar.

FIX OLD NO NEW

/Honestly really explains everything.

ph0rk: Little.Alex: ph0rk: Little.Alex: That's what educated people, who we call Republicans, mean when they say the Federal Student Loan Program is distorting markets. It causes people to make decisions they would never make with their own money. If Mr. Puppet Major were doing summer construction work and waiting tables to get that scratch, I bet he would have spent it more wisely. Even if he picked a stupid major; he wouldn't have that debt on his back.

Which is an entirely excellent reason to raise rates so the ones that borrowed smartly (and intend to pay it back) will shoulder the burden, while the witless farks that owe $80k for a lit degree -still- won't pay it back.

It is so clear to me now. Thanks.


The point is; government shouldn't be setting loan rates. Government shouldn't be making these loans at all. If you need a loan, you should be going to a bank and negotiating a rate like an adult.


A loan? From a bank? For grad school? haha.jpg, man.


Why is that funny? When I got out of school I worked for a bank. We had a whole department that did nothing but student loans. And it's a system that worked much better than the current one.

LincolnLogolas: GT_bike: This quote from change.org...which I thought was a big Obama supporter.

"Students and parents have suffered 300% increase in tuition fees over the last 10 years in California while university administrators have gotten sweetheart deals. The CSU Trustees just approved a $400,000 salary for the San Diego State President while increasing student fees by 12%."

It's disingenuous to be baiting students about interest rates when tuition costs are rising faster than inflation.

Both are hurting students. The federal government doesn't have the power to regulate what CSU presidents get paidor what CSUs charge for tuition. They do, however, have the power to subsidize student loans and regulate interest rates.

Almost all colleges and Universities tuition rates increasing at higher than inflation rates is a national epidemic not isolated to CA.

I applaud the effort to keep the interest rates low but ignoring the real issue why these increases are so damaging is worthy of pointing at. If tuition were 3x the community college rate it would still come in under $10,000 per year and 3% to 6% would not bury people nor end up being a farking financial noose for 20 years.

Also, federal loans favor the student going to the most expensive schools because they are needs based for the best rates. High tuition = more need = more money required by the student = a reason to raise tuition faster than inflation = the fed subsidizes the loans, the school get's the cash and stick any defaults, slow pay and such back to the tax payers.

Stats: of the 72,000 federal student loan borrowers who filed for bankruptcy in 2008, just 29 succeeded in getting part or all of that debt discharged (that's not 29% BTW).

JDAT: [sphotos.xx.fbcdn.net image 640x489]

Idiocy, not knowing what the fark you are talking about, but still thinking your clever.

Little.Alex: ph0rk: A certain type of conservative likes this because deep down they want an American aristocracy.

Education only for the wealthy or very affluent is an excellent way to get there.


And you're not effectively subjugated under the Democrat plan? Where you graduate with a watered down degree and $50,000 of debt on your back?

You're mesmerized by the fantasy of something for nothing.

You're focusing on the worst case. Student loans can be used to get MBAs, MSNs, MDs, LDs, and an assortment of MAs and PHDs that are employable.

In short, they way the loans were originally intended.

This interest rate hike won't prevent anyone from taking out a loan, and only serves to screw the ones that have them. That is, the ones that will actually pay. Which are the ones that are making good on the deal. Bravo.

Weaver95: Little.Alex: NIXON YOU DOLT!!!!!: Little.Alex: And taxes in America are already much, much too high. We need to be moving in the opposite direction; tax cuts, spending cuts, eliminating entire programs and departments, and deregulating.

bwahahahaha!

ohwaityoureserious.jpg

It worked for Germany and China, and America under Reagan. Now we're doing the opposite, and it's crushing the economy.
It's amazing to me that the entire Democratic Party is based on abortion, and not understanding economics.

so your solution to crushing student debt is...tax cuts for the rich?

Tax cuts for everybody. We have more government than we need or can afford.

Weaver95: david_gaithersburg: How dare he exercise his freedom of speech.

And the left wonders why the majority of the US is afraid of them.

Rush Limbaugh is free to spew whatever viewpoint he wishes on his radio show.

consumers are free to organize boycotts of whatever company buys ad time on his shows.

And all of us are free to support Rush or call him out on his many many inaccurate statements and outright lies.

that's how free speech works.

.
.
Benito Mussolini would be oh so proud of you. The hallmark of Italian Fascism is having the government organize/utilize groups to attack private citizens.

Jesus, did someone slip some acid into my baked potato? The derp I'm reading in this thread...that can't be real...that all has to be in my head right?

YOU TELL HER LIMBAUGH WOOOOOOOOOOO!

JDAT: [sphotos.xx.fbcdn.net image 640x489]

So... How is an insurance company covering birth control anything like makingnthe government pay for it?

Mikey1969: kbotc: Also, uncle sam is guaranteeing the student loans, so if the female student decides to just call it all a wash, declare bankruptcy and live off the dole with the kid for the rest of her life, that's up to $80k out of your pocket just for the student loans that are now valueless to society.

Wow, I am paying $80 Grand for one person's student loans? I didn't realize that. I'll have to have her come over and give me a few Hummers to make up for it, do you have this person's number?

Hummers from Sandra Fluke? Sign me up.

/She's hot
//Doesn't diminish her point

GardenWeasel: There are currently 17.5 million of those "witless" post-secondary students in the US.

How dare they either (a) try to get an education for education's sake or (b) try to secure a position in the vanishing middle class for themselves?

Weaver95: Little.Alex: ph0rk: A certain type of conservative likes this because deep down they want an American aristocracy.

Education only for the wealthy or very affluent is an excellent way to get there.


And you're not effectively subjugated under the Democrat plan? Where you graduate with a watered down degree and $50,000 of debt on your back?

You're mesmerized by the fantasy of something for nothing.

How about instead of building another carrier air group, we...funded education instead? we've got six carrier groups already, so it's not like we'd be losing anything. lets just...not build another aircraft carrier. we take all that money we were going to use to build that carrier and we use it to send an entire generation of kids to school. how's that for a deal?


I got a better deal for you.

Don't build more aircraft carriers, and get government out of education.

HAHAHA. Love when people group a large group of people together as if they all behave exactly the same. Do that to black people or latinos and you get called a racist. Aww heck, you get called a racist just for disagreeing with a minority nowadays.

Newsflash: Those that believe all women think alike are complete idiots.

Little.Alex: I got a better deal for you.

Don't build more aircraft carriers, and get government out of education.

Aristocracy.

MBA Whore: Who here thinks Sandra Fluke is hot and farkable? I would love to fark her.

I'm down for that; her square head makes my toes curl.

skinink: I wasn't aware that only Rush "Cabana Boys" Limbaugh is the only one allowed to have a political view.
He may be the only person on who's grave I'd love to dance.

I would gladly go to jail for pissing on his gravestone.

david_gaithersburg: Benito Mussolini would be oh so proud of you. The hallmark of Italian Fascism is having the government organize/utilize groups to attack private citizens.

But when The Party organizes/utilizes groups to attack private citizens, that's A-OK!

david_gaithersburg: Weaver95: david_gaithersburg: How dare he exercise his freedom of speech.

And the left wonders why the majority of the US is afraid of them.

Rush Limbaugh is free to spew whatever viewpoint he wishes on his radio show.

consumers are free to organize boycotts of whatever company buys ad time on his shows.

And all of us are free to support Rush or call him out on his many many inaccurate statements and outright lies.

that's how free speech works.

.
.
Benito Mussolini would be oh so proud of you. The hallmark of Italian Fascism is having the government organize/utilize groups to attack private citizens.

But aren't you doing that too, by attacking Weaver?

ZOMG.

Little.Alex: Don't build more aircraft carriers, and get government out of education.

Sometimes it's cheaper to build a new ship than to keep fixing up old ones. And government being in education keeps religion out of schools. Amirite?