Posted on 05/09/2007 6:27:07 AM PDT by .cnI redruM
This “redistribution of wealth” thing is trickier than I thought. But ... as they like to say ... we’ll get it right next time!
Well, there is always ROTC...!
He steals from the poor
And gives to the rich
Stupid Bitch!
So they’re torqued because when they pay back a loan over 20 years there’s interest, and you spend more than if you had not taken out the loan? Is that what this is about?
But the "working class" families barely pay any income taxes anyway. The bottom 50% in the country pay about 3% of the income taxes. If anything, this is wealth redistribution from the upper and upper middle class back to themselves.
No. I read that he’s torqued that tax dollars bilked from the middle class subsidize education for the wealthy at Ivy League schools. He’s pointing out that although tuitions are rising beyond the rate of inflation, tax-payer subsidies increased three-fold over them.
What he doesn’t mention is that the tax-payer subsidies are the significant reason for the tuition increases. As more “free” money invades the system, the institutions are less constrained by the market in their pricing.
It’s a good rant... but misses some basic economic points.
but misses some basic economic points”
Exactly!! This is what happens when you have more money chasing fewer services...
I thought President Bush was on to something (encouraging more local 2 year colleges) but no one is listening.
Higher education has been overbuilt since WWII. Ward Churchill and his case are a perfect example of waste in a system awash in too much money.
The biggest way the rich steal from the poor and middle class is by importing vast numbers of illegal immigrants to depress wages.
The dirty secret of student loans is that just like in housing, easy and low cost money helps to boost prices. In this case “prices” are the tuition and fees that colleges can levy knowing that the student doesn’t have to pay right away, but Uncle Sam does.
Agitating for easier student loans, with lower rates of interest and higher credit limits is just another way of agitating for a higher subsidy by the federal government.
The folks who work this system are horribly cynical and they get to enjoy it coming from many directions. They appear to only want to be helping poor students. They get more money. They get to lay the burden of repaying on both the future graduates (or dropouts, who cares about them?), or the taxpayers. And they get to beat up Bush if he even hints he will spill the beans about this scam. Best of all, they don’t have to contain costs, let alone increase productivity.
What a gravy train!
“If populists like John Edwards and Pat Buchanan gave a Tinker’s D—n about the poor working people in America, they would condemn our government’s student loan programs from on high. “
Their ‘populism’ continues to ring hollow. the one thing both have in common is they ‘know’ they are smarter than everybody else, they are absolutely convinced of it.
Which is why neither will ever gain enough support from ‘we the people’ to win a national election cycle.
Buchanan’s highwater mark was in 1992, he’s lost support since then as we can see in each successive election cycle.
Edwards was so lame he knew better than to run for reelection in his home state for Senator.
..and it’s all for the children. How special!
>>>>I thought President Bush was on to something (encouraging ...) but no one is listening.
I felt that way about Social Security.
We could eliminate the student loan program tomorrow and there would still be a large enough pool of high skill level workers from other countries to keep America’s businesses going.
why post this socialist drivel on Freerpublic? This is more DU’s style
Doubtful. Student loans are “long shot bets” in the same way that public education is something of a long shot bet.
This stuff only matters if you think America should stay ahead of the curve in innovation. And it is a matter of debate how important or even possible that position is.
Need new engineers? India’s got’em and so does China.
Stem Cell research banned altogether? Doesn’t matter, China, Japan and Europe will do it.
It really is a global market now and there’s a huge pool of highly skilled people. This pool will continue to grow regardless of whether America comtributes to it or not.
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