To: Cliff Dweller
"Beginning next year, college students’ monthly payments will be limited to 10 percent of their discretionary income, and all loans will be forgiven after 20 years."
What the heck is this? 10% of their discretionary income for 20 years? These borrowers would be lucky to pay back 10% of what they borrow by then!
10 posted on
10/26/2011 12:06:01 PM PDT by
red tie
To: red tie
not to worry- another Exective Order will declare it all “deficit neutral”.
15 posted on
10/26/2011 12:08:57 PM PDT by
WOBBLY BOB
(See ya later, debt inflator ! Gone in 4 (2012))
To: red tie
“discretionary income”
who says what is “discretionary”? is that before or after the BMW payment, Mortgage payment, full package cable bill, cell phone bill????
I think it’s the ones way of saying take all the college debt you want on the governments dime, but don’t worry. you will NEVER have to pay it back.
To: red tie
"Beginning next year, college students’ monthly payments will be limited to 10 percent of their discretionary incomeDefine:discretionary income
After finding that Obammy's definition of rich is a moving target....it's a legitimate question.
31 posted on
10/26/2011 1:06:13 PM PDT by
Puppage
(You may disagree with what I have to say, but I shall defend to your death my right to say it)
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