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Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
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[quote:Anonymous Coward 28577637:MV8yMDY4MDcxXzM0ODAxMjg5X0M1NkVERkEz] [quote:Carshy McCarsh:MV8yMDY4MDcxXzM0ODAxMTkzXzNFRTZCOUE1] [quote:Anonymous Coward 28577637:MV8yMDY4MDcxXzM0ODAxMTY5XzU5QUI0Qzc0] [quote:Anonymous Coward 28577637:MV8yMDY4MDcxXzM0ODAxMTMyX0IzMEU2MUI5] [quote:Carshy McCarsh:MV8yMDY4MDcxXzM0ODAxMTAwXzc2MkQ1MzU2] [quote:Anonymous Coward 28577637:MV8yMDY4MDcxXzM0ODAxMDQ5XzZBNUY0NEMx] [quote:Carshy McCarsh:MV8yMDY4MDcxXzM0ODAwOTk3XzhGMjQ0QjYx] [quote:Anonymous Coward 28577637:MV8yMDY4MDcxXzM0ODAwOTU3XzIzOTEwNDZE] [quote:Carshy McCarsh:MV8yMDY4MDcxXzM0ODAwODY2XzdFNzkwRDBG] [quote:Anonymous Coward 28577637:MV8yMDY4MDcxXzM0ODAwNzg1XzcyQUYzNjA2] News flash brain child. Someone has been, and will always be, paying for hat you enjoy now. Infrastructure, education, communications, military, social security, retirement....it's not like your money is actually in a bank somewhere multiplying to cover the cost of the things you enjoy. I payed on my loans for twenty years as a single father and I barely made interest payments. I have never been on welfare and have always worked two jobs. Wake the fuck up. Why do you fucking fiscal conservatives always refuse to see what your pro life, pro capitolist views have created? The American Scheme promotes borrowing as responsible fiscal policy. The eighties were all about debt as a means to success. Student loans were actually pushed on many of us by eager beaver, on campus bank reps and fed loan folks as a cool way to pay for school. The interest was over ten percent and each semester actually calculated separately. The interest actually accrued exponentially. Most twenty something's couldn't grasp that. The AmScheme tried to convince students that borrowing money actually equates to greater overall lifetime earning power. Now they rescind that notion. We still use this mentality in housing and credit policy. " buy now and save" is our national mantra. Credit scores, for example,reward the use of credit and punish those using cash or saving instead of spending. It's systemic. But why blame the culture when you can blame those that got suckered into believing what it taught? [/quote] Obviously you're one of the afore-mentioned "suckers". Poor, poor victim of the evil capitalism math monsters. And "the culture". It's always the "culture's" fault when you libtards dig yourselves into holes that any normal person could tell was fiscal suicide. What did you get your degree in? Womyn's Studies? Same-Sex Social Studies? Afro-Centric Political Studies? :1rof1: [/quote] Actually, in aerospace studies / psychology with a minor in Korean language translation. It was at a conservative, Christian private university in the West. I am straight. I am white. I am upper middle class. Your insights are completely off regarding me, why should anyone take your opinion for anything else. You mad bro? [/quote] You fall slightly outside the standard cookie-cutter libtard template. There is no reason to get upset at me because 99% of everyone who thinks like you has the same lack of judgment and inability to properly assign blame. So what turned you into a libtard? Did you get your girlfriend pregnant, pay for an abortion, and then have her leave you, so it had to be Reagan's Fault? :1rof1: [/quote] When I ran into the racist, sexist, homophobic, ethnocentric, myopic, self hating, self righteous Christian ethic that most of you seem to engender. See above for a perfect example. Keep talking. Dig a deeper hole for yourself. [/quote] In other words, you're lying out your libtard ass about your background, another libtard trait. :1rof1: [/quote] Keep going. (Pops popcorn) [/quote] Sorry man, gotta go to work. Go upstairs and tell your mommy hi for me. [/quote] You don't have a job, so you aren't going to work. You mean shift change at the DNC Online Operations office? [/quote] I work for the state government in law enforcement. I voted straight Libertarian. You are batting zero today. Fantastic insight. I'll check in later. Try and change those ass stained sweats today. Smells like Wendy's in moms basement. Wendy's and jizz. [/quote]
Original Message
A possible $1 trillion bailout is coming—and soon.
America’s now-nationalized student loan industry just reached a value of $1 trillion, according to Citigroup, growing at a 20 percent-per-year pace. Since President Obama nationalized the industry (a tacked-on provision of the Obamacare bill), tuition has gone up 25 percent and the three-year default rate is at a record 13.4 percent.
...
Adding another $1 trillion dollars to the national debt isn’t exactly “forgiveness” for young people—it’s prolonging the payoff. In fact, student loan bailouts are a catch-22 for young people because they’re going to be held accountable for paying off the national debt and interest payments.
A student loan bailout will also be rewarding higher education bureaucrats for a diminished product. A college degree used to mean that a person would add on average $1 million to their income over their lifetime. Today a college degree only guarantees an average $300,000 in added income over a lifetime.
[
link to www.breitbart.com
]
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