President bitchslaps the bankers. Round 1.

[JaggedEdge]

It is good to see the government step in and nationalize another industry they screwed up with regulations, corporate welfare, and general incompetence. Yup, sounds like something I should be on board with. From what I read this appears nothing more than student welfare.

Students who have low incomes or meet certain other eligibility requirements and who take out loans after July 1, 2014, will see their payments limited to 10 percent of their discretionary income after graduation. Current law caps payments at 15 percent of income. For students who make their loan payments on time, the government will forgive the balance after 20 years, instead of 25. Public service workers â?? teachers, nurses, police officers and those in the military â?? will see any remaining debt forgiven after just 10 years of repayment.

Yeah, thats how you make something profitable. College is an investment! Everyone is not entitled to an education, much less at the tax payers expense! Than on top of that, failures are not even required to pay all the money back? That isn't a loan, it's fucking welfare. Anyone who thinks the tax payer is going to come out ahead has not paid attention to past government actions. Social Security, which the government claimed was being "saved" for citizens, is now solvent despite having had more people pay into it than ever collected!

JaggedEdge Reviewed by JaggedEdge on 04-05-2010. President bitchslaps the bankers. Round 1. President Barack Obama signs student loan changes into law March 31, 2010 WASHINGTON (AP) - President Barack Obama approved legislation Tuesday that makes the government the primary issuer of student loans. Proponents of the change say it will provide bigger grants for college students who need them and relaxed payment terms for students with loans. It will also more money available for community colleges and historically black institutions On the other side of the coin, banks and Rating: 5

[pepurr]

I find it difficult to comprehend why our country is in the loan business period. Starting with the commerce clause mis-interpretetation many decades ago, and continuing with the sub-prime mess created when our elected government officials got together with ACORN chapters to start picketing bankers offices and homes, to create a friction between the classes. Pitting those responsible with their money and finances, against the crack-buying welfare parents and social justice programs. Regulating the banking industry I do understand, but socializing it is unsustainable and undesirable.

What elected official has the right to tell me that even though someone else can't afford an education or a home, is on welfare, and has defaulted in the past, that they 'deserve' the same opportunity as me...whom has been working for 40 years to maintain my own level of comfort...and I get to foot the bill when they fail? Bullshit.
Same with tuition...even though some moron can't get a part-time job to take resopnsibility for his/her own life, or go to a community college as a starting point...me and my children will assist them through 14 years of frat parties, binge drinking and unlearning American values and morals in a planned attack on constitutional laws and intent...?

Funny how some of the liberals say it's the charitable christian principles we need to follow since we all are created equal...we all should be afforded the same opportunities regardless of personal responsibility and effort required to maintain that standard. But when the fuck did liberals become concerned with christian principals, as all of their principles and "seperation of church and state" mantra(s) indicate a distinct disdain for christianity and christians? (God was a personal responsibility advocate, and charity began at home, not in the government)
Any lie to fill the void of morality, I guess. Whatever it takes to convince the masses of their altruistic intents, which are actually centered to remove our choices, side-step personal responsibility and dictate my neighbor's value in my financial stability, is truly a socialists dream.

Obama has slipped into a lame-duck presidency but perhaps will be destined to be well-regarded in history. <cough, choke>

I understand your frustration. I am glad you express your concerns. It is through dialog that we come to consensus.

However, the use of wording like, "Pitting those responsible with their money and finances, against the crack-buying welfare parents and social justice programs.", and, "me and my children will assist them through 14 years of frat parties, binge drinking and unlearning American values and morals ", is irresponsible and inflammatory.

By using language like that you lump people into undeserved groups. The vast majority of people on assistance are not "crack-buying welfare parents". Like wise, the majority of people in collage are responsible, focused and have goals for the future.

We will never get anywhere worth while, as a nation, if people continue to make generalizations that are not true. It only causes resentment, tempers to flare and mistrust. It is counter productive.

On the flip side, keep up voicing discontent where it is due. It helps mankind to advance. :rastasmoke:

I do think Obama will slip into a lame-duck presidency. It is funny. At first they were comparing him to Lincoln. He hadn't even been in office long enough to make that comparison. Now he has to live up to their expectations. He can't do it. No one can. Their expectations change all to fast. Obama stands for change? Nothing has changed. They are all the same.

[boaz]

so all the critics think we should have kept the status quo? :wtf: Yeah, I want my hard earned tax money going to the CEO of some student loan company so they can build them another multi-million dollar private golf course (true story ). That is what this issue is about. not crack babies or unicorns or whatever the fuck y'all are talking about. :rastasmoke:

[JaggedEdge]

so all the critics think we should have kept the status quo? :wtf: Yeah, I want my hard earned tax money going to the CEO of some student loan company so they can build them another multi-million dollar private golf course (true story . That is what this issue is about. not crack babies or unicorns or whatever the fuck y'all are talking about. :rastasmoke:

You missed the point entirely. I'm not for the the status quo, I'm for government moving out the way and letting laissez-faire capitalism control the markets. The government should not be giving them any tax money. Is this really that hard to understand.

You seem to not understand what Corporate Welfare is so here is a link describing it.

Corporate welfare - Wikipedia, the free encyclopedia

[boaz]

I understand your frustration. I am glad you express your concerns. It is through dialog that we come to consensus.

However, the use of wording like, "Pitting those responsible with their money and finances, against the crack-buying welfare parents and social justice programs.", and, "me and my children will assist them through 14 years of frat parties, binge drinking and unlearning American values and morals ", is irresponsible and inflammatory.

By using language like that you lump people into undeserved groups. The vast majority of people on assistance are not "crack-buying welfare parents". Like wise, the majority of people in collage are responsible, focused and have goals for the future.

We will never get anywhere worth while, as a nation, if people continue to make generalizations that are not true. It only causes resentment, tempers to flare and mistrust. It is counter productive.

On the flip side, keep up voicing discontent where it is due. It helps mankind to advance. :rastasmoke:
...(

yeah, i agree. this forum would be much better if people wouldn't come on here and just repeat of bunch of crap they've heard on talk radio or something. :twocents: that shit has no value to me.

[JaggedEdge]

yeah, i agree. this forum would be much better if people wouldn't come on here and just repeat of bunch of crap they've heard on talk radio or something. :twocents: that shit has no value to me.

I can agree with that statement, however, many liberals are guilty of the same.

[boaz]

You missed the point entirely. I'm not for the the status quo, I'm for government moving out the way and letting laissez-faire capitalism control the markets. The government should not be giving them any tax money. Is this really that hard to understand.

you don't seem to understand that this is exactly what this does it ENDS corporate welfare of the student loan companies. you do understand that, correct???

[boaz]

I can agree with that statement, however, many liberals are guilty of the same.

prolly true, but i gotta be honest where are all those liberals that everyone keeps talking about?? I voted for McCain. I am a reactionary libertarian for the most part. :jointsmile:

[JaggedEdge]

I voted for McCain. I am a reactionary libertarian for the most part. :jointsmile:

Your not a libertarian if you support the government taking over yet another industry. Libertarians by nature are for small or no government, them taking over the student loans does not equate to a smaller government.

There are far better ways of ending Corporate Welfare, mainly the government stepping the fuck aside.

Edit: Laissez-faire capitalism is the answer not a new government monopoly. How is it private monopolies are evil but government ones are acceptable?

[pepurr]

What bugs me the most about the student loan deal is them tacking it on to the health care bill.

I hate when they do that. I believe if a bill is put in for one thing, it should stay for one thing. Being able to tack on unrelated crap to a bill causes political corruption. It's like trading in influence.

It causes some to vote for a bill they don't really like cause they will get something out of it. They are not being true to themselves or to the ones who voted them into office.