Posted on 11/22/2011 2:49:48 PM PST by 2ndDivisionVet
Hell, Obama has already all but excused these loans.
I don’t want to pay my bills either.
If anybody needs me I’ll be holding my breath and pouting.
It’s all in the plan thier being fed. Overwhelm the system into collapse. This will be one more nail
Any bets on what this professor's salary is? And whether or not it has gone up during this economic downturn? We all know, don't we.
one of the protesters
“They don’t have a lot of cuts and stuff for everybody.”
http://www.youtube.com/watch?v=06-LschF82o&feature=player_embedded
This is a plan I can actually support. It would kill the student loan program completely and students would be expected to pay their own way, 100%.
There’s a reason the gubmint took over student loans and loan collections recently.
Another chance for Barry and his Chicago thugs to absolve the yutes of their sins.
Actually, it would not kill the majority of the student loan industry since the taxpayers now backstop most of these loans (thanks to the 110th Congress).
The banks will get their money regardless.
If the student defaults, the taxpayer pays the loan.
Actually, it’s yet another financial services industry subsidy since the taxpayer backstops most of these student loans. Banks have little risk here.
As per usual, the taxpayer is carrying the risk on defaults. Thanks Congress!
I'm not in college admin, but if somebody works for me, and advocates that my customers refuse to pay their bills, he wouldn't work for me much longer.
I’d even be willing to make a deal.
We forgive all current student loan debts in return for cutting all federal funding of colleges and student loan programs.
We’ll see how dedicated they really are.
You don’t think people should have to pay back the thousands of dollars they borrowed to go to college?
Maybe that's because they took out loans for tens or even hundreds of thousands of dollars to get a degree with no job prospects, other than teaching the courses required for the degree (I have news for you... They've got all the teachers they need for those degree classes!) or a career that only pays $25,000 a year...
They need to sue their guidance counselors, college advisers, and themselves for their stupid decisions!
I'll say this... Go ahead and decide not to pay your student debt... At least in the old days, that was one of the debts that isn't cleared by bankruptcy. The government WILL go after you for outstanding student loans!
Mark
Another day in Obamaland. :(
I'm not even sure I've seen them blame the private universtities. I've only seen them blame the lenders.
I foresee the return of the debtor’s prison sooner than many would think.
Students Paying More and Getting Less, Study Says
http://www.nytimes.com/2009/01/16/us/16college.html
“the share of higher education budgets that goes to instruction has declined, while the portion spent on administrative costs has increased.”
(Sounds like every other Gov’t program.)
Maybe they could spend some of the millions in endowements they’re sitting on.
So when’s the congressional hearing on college ‘price gouging’ ?
(College costs are up 900% since 1978)
I didn’t say that. Of course they should.
But, the only way to defeat socialism is to have it beat itself. Most people do not understand the bankrupting nature of socialism. As long as a government program kind of works and it’s flaws not blaring out in neon lights and massive speakers, too many people take that as a sign that socialism works. That’s why it is so hard to get rid of it.
I’m saying that if it means that, without question, that socialism is a failure, that there might be some pain to suffer to show it’s unquestionable failings, it may hurt, but I can support that.
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