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The surprising winners of Obama's student-loan program [not all that surprising]
Washington Examiner ^ | 6/12/2014 | SUSAN FERRECHIO

Posted on 06/12/2014 4:16:35 AM PDT by markomalley

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1 posted on 06/12/2014 4:16:35 AM PDT by markomalley
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To: markomalley

RATS buying educated voters


2 posted on 06/12/2014 4:19:29 AM PDT by Cyclone59 (Where are we going, and what's with the handbasket?)
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To: Cyclone59

The ‘Rats are merely merely doing the buying.

We do the paying.


3 posted on 06/12/2014 4:28:49 AM PDT by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: markomalley

Get Ready for Insurer Bailouts Under Obamacare

http://www.realclearpolitics.com/2014/05/19/get_ready_for_insurer_bailouts_under_obamacare_332515.html

Taking Taxpayers Out for a Ride
They don’t call it ‘Government Motors’ for nothing.

http://www.usnews.com/opinion/blogs/peter-roff/2013/10/17/gm-and-the-obama-administration-took-taxpayers-for-a-ride

Obama’s Outrageous Decision to Fund Hamas-Aligned Palestinian Regime

http://www.algemeiner.com/2014/06/08/obamas-outrageous-decision-to-fund-hamas-aligned-palestinian-regime/

The true cost of the bank bailout
September 3, 2010

“But it turns out that that $700 billion is just a small part of a much larger pool of money that has gone into propping up our nation’s financial system. And most of that taxpayer money hasn’t had much public scrutiny at all.

According to a team at Bloomberg News, at one point last year the U.S. had lent, spent or guaranteed as much as $12.8 trillion to rescue the economy. The Bloomberg reporters have been following that money. Alison Stewart spoke with one, Bob Ivry, to talk about the true cost to the taxpayer of the Wall Street bailout.”

http://www.pbs.org/wnet/need-to-know/economy/the-true-cost-of-the-bank-bailout/3309/


And people are gonna get upset with helping out college graduates??? I got no problem with this. I much rather help out struggling college grads than all those mentioned above.


4 posted on 06/12/2014 4:31:21 AM PDT by ilovesarah2012
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To: markomalley

“public sector jobs, which tend to pay less than work for private companies”

This is BS


5 posted on 06/12/2014 4:31:30 AM PDT by caver (Obama: Home of the Whopper)
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To: ilovesarah2012
What about all of the people who altered their education plans to avoid college debts? If someone took the loans, they knew the rules. If there were no loans, we would return to sanity. That would be very inexpensive state colleges and universities, but only for the most qualified students.

Why do you think it's okay for these students who took the loans to steal from the US taxpayer instead of meeting their financial obligations?

6 posted on 06/12/2014 4:38:03 AM PDT by grania
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To: markomalley

Unforgivable.


7 posted on 06/12/2014 4:38:17 AM PDT by logi_cal869
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To: grania

You must have ignored my articles about bailouts.

And no colleges are inexpensive for the poor working class. My point is who I would prefer to bail out. Not Wall St., no GM, not Hamas, not insurers, not Detroit - young people who are struggling to find jobs.


8 posted on 06/12/2014 4:44:01 AM PDT by ilovesarah2012
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To: ilovesarah2012

You are missing the point: If the government is going to continue to use the colleges to indoctrinate and subsidize their ‘class’ then NO WAY are my tax dollars going to subsidize it.

Put the debt ‘on hold’, stop penalties & interest perhaps, but NO FORGIVENESS! PERIOD.

There are consequences for lousy choices. The direct analogy to this is paying a misbehaving child their allowance and/or giving them candy. I don’t care how old the ‘child’ is now...they can take responsibility for their school and, by consequence in most cases, their ‘voting’ choices.

This is not a political matter; it’s an ethical one.


9 posted on 06/12/2014 4:44:37 AM PDT by logi_cal869
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To: logi_cal869

“There are consequences for lousy choices.”

Unless you are an big banker, auto exec, democratic city, health insurer...

And since when do we get to decide where our tax dollars go? I’m against a lot of things but when I file my taxes, I don’t get the check a box of where I want my money spent, unless it’s $1 for presidential elections.

Why do you hate people who tried to get an education?

Why is it okay to throw away trillions of dollars for wars that kill young people but not try to help them financially?

And not all colleges/universities are liberal.


10 posted on 06/12/2014 4:49:54 AM PDT by ilovesarah2012
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To: caver
A lawyer with $150,000 in combined undergraduate and law school loans at a 6 percent interest rate, for example, could walk away from the law school debt by going to work in the public sector with a starting salary of $70,000.

Public sector law is nice work, if you can get it. Fact is, you can't. Much of this type of work is being contracted out now.

11 posted on 06/12/2014 5:02:24 AM PDT by randita
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To: ilovesarah2012
Gov't: "Here's $10,000! Go to college!"

Colleges: "Thanks! We're raising tuition by $10,000!"


12 posted on 06/12/2014 5:05:23 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: Sooth2222

Government requires children to attend school and taxpayers pay for it. Why not college, too, for those who qualify?


13 posted on 06/12/2014 5:10:05 AM PDT by ilovesarah2012
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To: markomalley; Impy; NFHale; fieldmarshaldj; GOPsterinMA; BillyBoy
RE :”Students who took out big loans for graduate school and those with higher incomes stand the most to gain financially under President Obama’s expansion of the federal government's loan forgiveness program.Lawyer, doctors and other highly trained professionals who utilized federal loans throughout their post-high school education could walk away with most or all of their graduate school debt forgiven by the federal government under the program, say experts”

Not that the GOP has the guts to do this,
But if the GOP could win more than just the off year backlash elections (2010, 2014) then couldn't they just change the law such that those same people have to pay that $$$ back after all?

I know there's a couple of hypotheticals in that.

14 posted on 06/12/2014 5:14:04 AM PDT by sickoflibs (King Obama : 'The debate is over. The time for talk is over. Just follow my commands you serfs""')
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To: markomalley
“The rest would be picked up by the government.”
The rest would be picked up by the tax payer after the government borrows 40% of the cost, adding to the expense to the taxpayer..
15 posted on 06/12/2014 5:19:54 AM PDT by justrepublican (Screaming like a "Vexatious requester" at a Wellstone memorial...........)
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To: ilovesarah2012
and no colleges are inexpensive for the poor working class

OF COURSE they are! A combination of two years at community college for an Associate's Degree, then night school or online courses to complete the BA while holding a job avoids college debt. Military Academies and ROTC programs used at schools one can commute to pay for college. For the truly qualified, they can take their qualifications to a school that's excellent but not top tier and get scholarships instead of loans. Students can develop a job school such as basic accounting or with a one-year tech degree (often offered through high schools) and use the money they can make to pay for school.

If they're not qualified for any of these, college loans are just a huge scam....a transfer of wealth to the academia elite, to spend their whole privileged lives in their ivy-covered bastions of liberal manipulation.

The statistics about how college vs non-college grads do don't tell the whole picutre. The top quarter of HS grads seem to put together excellent lives. The bottom quarter of college grads tend to end up with useless degrees.

16 posted on 06/12/2014 5:25:51 AM PDT by grania
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To: Sooth2222

Classic credit bubble. Now how do we short it? ;-)


17 posted on 06/12/2014 5:39:59 AM PDT by Wyatt's Torch
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To: markomalley
for girls who are attending astronomically expensive ivy league schools and getting an MRS. degree and never intend to work, this is a windfall of staggering proportions. Stay at home moms will not have to repay a dime of their student loan debt.

But 10% of zero is zero, and stay at home moms earn zero.

18 posted on 06/12/2014 5:43:13 AM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: C210N

No different from the GOP bailed out Wall Street banks. The gov brought all their tozic mortgages and notes and gave them newly printed money to loan out to the economy and consumers hoping to jump start the economy. CEO used it to get bonuses and invest in the stock market in lieu of the US economy. Atleast a taxpayer bailout of student loans will free up the student to consider moving out of parents home, settle down and buy a home. Don t get me wrong, both involve a bailout at taxpayers expense, but one group took our money and kept it for themselves, while the other group may use the relief to move on with their lives, get marry and buy homes and eventually stimulate Main Street economy.


19 posted on 06/12/2014 5:48:36 AM PDT by Fee ( Big Gov and Big Business are Enemies of America)
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To: markomalley

I feel like a chump making my children go to public universities and work their way through so the can graduate debt free.


20 posted on 06/12/2014 5:50:36 AM PDT by Bubba_Leroy (The Obamanation Continues)
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