There is no successful idea in the multiverse that was adapted by Dorkbama the Muslim eunuch quota boy.
He is utterly incapable of college level work, but somehow got all those degrees.
Any wonder that he hides the records?
But, he cannot hide his presidential record of complete and utter incompetence and failure.
People borrowed money and now they have to pay it back. How is that a crisis?
Obama’s Cloward-Piven weapon of mass destruction.
There has been talk of the student loan (SL) bubble being the next one to burst going on five or six years now.
I have to ask: Would you work hard to pay off your student loan if there was a lot of talk that they might be forgiven?
Yeah, me neither.
They need to foreclose on a few thousand of these SL deadbeats to send a message to the rest of them.
That is absolutely breathtaking. The student loan program really just became another form of welfare.
Probably also to appease College Students who lost their high deductible catastrophic plans they could buy as students because it didn't meet the Obamacare "Qualified Plan" requirements, and they went on their parents, correction their parents employers dole until 26.
So "when" Mr. President, I know your busy, but when do we cut this Obama giant chum bucket away from the dock and send it out to see to sink on it's own, give it back to the private sector...
“The president assured Americans that anyone who wanted to go to college would be able to get a loan.”
My how history repeats itself. This is a carbon copy of what the libs did to the housing market starting in the mid 90’s when they called loaning agencies in and threatened them with special taxes if they didn’t start giving loans to high risk clients based upon race. The libs then further destroyed the market by lying about the liquidity of Fanny and Freddie, two of the main loaning recovery funds to cover the expected foreclosures mainly done by Barney Frank and Chris Dodd. The selling point during the Clinton administration was the same as the student loan situation now: anyone can own a house (go to college). Funding is available. Exact same situation with exact same results. And if these people who took the loans are consistent, they will need further government programs to protect them from their stupidity. In rides the libs on their white steed to do that. So the action required is the government has gotta keep them in office to save the day for the thousands that failed on their loan. Votes, votes, votes.....
rwood
A crisis deliberately created for political reasons.
Democrats can now come to the rescue by floating loan forgiveness proposals. We underestimate the potential of this at our peril.
Debt increased at over 100 billion a year? The lefts friends made off with a percentage of that but how much? Astonishing.We need a real accounting and maybe a prosecutor.
Yes, owebama is/was a disaster. Probably his plan all along.
Seriously, explain again why people who do not send their children to college should be working to subsidize and actually pay for those who do?
Or our last one in college finished over 25 years, ago thanks to our line of credit.
Bookmark
Did you know all about this?
ANOTHER MASSIVE DEBT, A FANTASY OF THE KENYAN FAKE PRESIDENT, THE MAGIC NEGRO AND HIS MONEY FAIRY.
If ignorance is bliss, super ignorance and an agenda invariable ends in financial disaster.
Sooner or later, educated, literate and engaged American citizens will have to acknowledge two things.
First of all, that Hussein is without question the most inept and ignorant president in U.S. history. Even 8 years is not long enough to learn on the job to deal with the demands of the office. Historically an unquestioned failure, fully documented by the vast record.
The only preesident on record able to make a trillion$ disappear in a matter of months without a trace. In his first year in office!
Second, the CBO is a fake agency, a total and complete sham, AUATOABP!
A 47 million$ rubber stamp that "confirms" what they receive from Congress for mathematical accuracy only! a thousands of employees adding machine!.
Congress adopts a budget or proposes a large expenditure; assumptions made, that no matter how unreal, absurd and otherworldly cannot be challenged, or modified in any way. Miraculously, most of the time the CBO confirms the financial analysis of what the Congress of criminals submits.
So what's the point of this useless exercise? In the immortal words of that disgraced master scammer, Jonathan Gruber, to "inform" the barely literate ignorant voter!
Does that credibly explain a $23,000,000,000,000 National debt?