Posted on 07/01/2009 4:47:05 AM PDT by MaxCUA
Anchorage, Alaska - Governor Sarah Palin will ceremonially sign House Bill 172 in Anchorage Wednesday afternoon. HB 172, sponsored by the governor, allows the Department of Revenue to enter into a bond purchase agreement and letter of credit with the Alaska Student Loan Corp to finance student loans. Without this action, the state would have been unable to make student loans for the upcoming school year.
Socialist-lite.
Why is a loan socialist?
It’s a loan. Not a giveaway. Geeewizzzz.
Bfltr
Because it is being done by the government with taxpayer money. In a free economy banks lend money. Taxpayers are not forced to do so. And “conservatives” can’t see this? That’s why we are in trouble. Republicans are just second-rate Dems.
Of all the money flowing out the door for really stupid stuff, you pick this one to jump on? This sounds more like another plea to help the high power crooks keep their stupid kids running the country rather than the brightest people.
No thanks.
Keep them gov’t bennies flowing................
I pick it all to jump on. I take a consistent, principled stand. You’re saying the needy/worthy (by your definition) should get help. Obama’s stand exactly.
I have a problem with the schools selling communism, not smart poor people getting a hand up and paying it back. I have a problem with giveaways to crooks and people who either don't want to work for a living and want something for nothing or think they are entitled to something because their parents were rich.
Smart people who go to school and earn a living in a capitalist country is a very good thing.
So what is your stand? Let the mega rich or the union Mafia bosses (one party or the other) get their dumb kids running everything?
Like I said, no thanks.
I don’t want “smart people” to “run the country”. I am looking for freedom and I want people to run their own lives. The problem is smart people running the country. Hillary is a heck of a lot more intelligent that Sarah. Hands down. Hillary is also an evil fool. But an intelligent one.
We have had enough of smart people running the country. I am a man and I don’t want any politician running me or my family. If you are not man enough to run your own life and need government help, then you and I are in different boats. Nobody should be running the country. Don’t you get it? What are you some kind if fascist or socialist?
It’s about freedom and individual responsibility.
Reading through this, this is actually a bond purchase agreement, so in a since, the taxpayers are buying bonds, ie a return on the investment as the loans are paid back. Bond issuances are normal for States and municipalities and well within the 10th Amendment rights of the States. This isn’t just a taxpayer handout as some claim.
See post #12.
and so there is no mistake, I would much prefer Sarah Palin to Hillary Clinton.
Oh, now I get it. Getting admitted to Yale is what makes people smart. I thought IQ was a measure of intelligence. Corrected I stand.
The taxpayers are buying bonds? So the government is taking money form the taxpayers and investing it for them? How thoughtful of the nannies. Just because this is permitted by the federal constitution does not make it right.
As a principles enemy if the nanny state I find this whole deal repugnant. We are in this mess because those who should know better (conservatives/Republicans) do not stand up to all these schemes. We need to set our standards a little higher. Time is running out.
I see you don’t know how bonds work. The government isn’t buying bonds for the taxpayers, they are issuing bonds, which means they offer the bonds for sale.
Taxpayers and other investors choose if they want to buy them. These type of bonds are usually considered one of the safest investment vehicles.
http://en.wikipedia.org/wiki/Municipal_bond
..this is actually a far more Conservative approach than direct taxation because investors can choose to buy or not buy the bonds based on what they see as a return on investment. It is the exact opposite of a nanny-state approach because the State isn’t telling the citizens what they must spend their money on, instead, they are offering the bonds and the citizens can choose to buy them or not of their own free will.
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