[allendale]

Typical liberal “With my guilt and your gelt we can do anything”. Hey dopey Elizabeth. You are not an Indian and money does not grow on trees. Wonder how many elected Democrats actually once held a private sector productive job?

[blueunicorn6]

Keep your eye on Paleface Lizzy Warren. Hillary is sick. Biden is an old, white man. Kerry has lost once already. Lizzy has already proven that she can get away with lying.

[Gay State Conservative]

During the campaign she claimed to be the philosophical “guru” of the unwashed,trust-funded,punks of “Occupy Wall Street”.And she,not Osama Obama,coined the phrase “you didn’t build that”.Why do I get the distinct sense that if her effort succeeds it will result in *her* getting an even *bigger* pension from Harvard? A Senate pension of $150K/yr and a Harvard pension of $200K/yr just isn’t good enough for a member of America’s “original” residents.

[sickoflibs]

RE :”As the Daily Beast’s Megan McArdle observes, “No one except possibly a lunatic has told Elizabeth Warren that banks are getting 0.75 percent at the discount window as a thank-you for all the hard work they’re doing helping the economy.” Banks get those low rates for three sound reasons: “The borrowers have assets and income that are easy to seize, the loans are quite short term, and the banks are required to put up collateral. . . . Students, on the other hand, are borrowing for a decade, and the only thing they’re putting up as a guarantee is their character.”
One could argue that all of this is a bit wonky for the senior senator from Massachusetts, but she claims her argument is based on “the numbers.” Numbers like these, for instance: The predatory federal government makes a 36-cent profit for every dollar it lends to students. “

Glad someone answered this and its posted here. MSNBC’s beening playing up Warren's stupid argument.

[Mr. Jeeves]

The real solution is - of course - to make student loans once again dischargeable in bankruptcy.

But that would mean no more loans for the study of irrelevant subjects, which would mean a major hit to the universities' bottom line, which would mean a major hit to Elizabeth Warren's bank account, and which would also mean a major hit to the dollars available to the universities for the facilitation of left-wing study and agitation.

So Warren wants to get even more kids hooked on the government heroin of student loans, instead. As long as they owe the money - whether or not they can ever pay it back - the universities and banks will appear financially sound and the Ponzi scheme can keep operating.

[Buckeye McFrog]

The Great American Dictatorship is going to be BUILT on cheap populism. And a couple of generations of under-employed students up to hock in their eyeballs will give them the most receptive audience this side of the Weimar Republic.

[blueunicorn6]

There are two nations that exist within our borders at this time. There is The United States of America which follows a Constitution, and there is Democratland which is a nation based on looting the treasury. Which one is going to survive?