Posted on 04/20/2016 3:09:01 PM PDT by SeekAndFind
Once they were prevented from learning basic math, it was easy to convince them to take out the loans for federal guaranteed loan-inflated tuitions.
Just wondering...any correlation with certain unnamed low IQ “academic” majors?
That’s what they’re waiting for - The Bern.
"Not only is more than $200 billion in student debt owed to the federal government [emphasis added], ..."
FR: Never Accept the Premise of Your Opponent’s Argument
Patriots, please note that the states have never delegated to the feds, expressly via the Constitution, the specific power to tax and spend for INTRAstate schooling purposes. This is evidenced by the following excerpt from the writing of Thomas Jefferson. Jefferson had indicated that the states would need to amend the Constitution to expressly give the feds the specific power to appropriate taxes for intrastate schooling purposes.
“The great mass of the articles on which impost is paid is foreign luxuries, purchased by those only who are rich enough to afford themselves the use of them. Their patriotism would certainly prefer its continuance and application to the great purposes of the public education, roads, rivers, canals, and such other objects of public improvement as it may be thought proper to add to the constitutional enumeration of federal powers [emphasis added].” —Thomas Jefferson: 6th Annual Message, 1806.
But it remains that since the states have never amended the Constitution to expressly give the feds the power to provide loans for vote-winning students, the House should never had made a bill to appropriate taxes for such a purpose, and the corrupt, post-17th Amendment ratification Senate should not have passed such a bill if the House had done so.
In fact, a previous generation of state sovereignty-respecting justices had clarified in broad terms that Congress is prohibited from appropriating taxes in the name of state power issues, essentially any issue that Congress cannot justify under its constitutional Article I, Section 8-limited powers, providing students loans not among those powers.
“Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” —Justice John Marshall, Gibbons v. Ogden, 1824.
The states should be appropriating taxes for student loans with their 10th Amendment-protected powers. But since the corrupt feds keep on stealing state revenues by means of unconstitutional federal taxes, the states understandably cannot afford to provide such loans.
Remember in November !
The Feds are WAY out of control in p0wning the whole Student Loan Bidnuss.
Speak but for yourself pal......
Freeloading “snowflakes” not paying their bills. Not a surprise.
Boy is my daughter going to feel stupid.
Worked her butt off during school and has been paying on her student loans for the past three years. Has the total under $10,000 and is doubling up on payments.
Guess I didn’t teach her right. /s
I’m not either. I paid off all my school loans 47 years ago. Anyway, the author is a friggin’ moron!
Work graveyard and pay on your loans wimps.
No dad (died while I was young), no loans, no funding, I paid my own way working full time and going to school.
They’re listening to the left. Free everything! Yeah!
I have a feeling this would be different if the federal gov’t. was not making the loans. What authorization do they have for doing this? Besides Barack Obama?
LOL
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Rocks? That was high tech. Dirt floor and finger for us.
“And now that he forgave a bunch of student debt last week, a lot of those previously making payments will STOP.”
For the record, that “forgiveness” policy for permanent disability was in place twenty-five years ago when I worked in the industry. I don’t know if the terms were relaxed recently, but to qualify you basically had to be either permanently disabled or dying...as in, you would never benefit from the education received, therefore it was written off like a lost investment.
When I was back in school recently, and heard a prof hint at “student loan forgiveness”, I would always remind that class that, to the IRS, a forgiven debt is considered taxable income.
I borrowed. And i made it a priority to pay them off early to get out of that debt.
OH, so you went to a technical school.
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