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| 06:09 AM | ||
| Users Online Now: 1,577 (Who's On?) | Visitors Today: 361,817 | |
| Pageviews Today: 673,551 | Threads Today: 292 | Posts Today: 4,669 |
| 06:09 AM | ||
Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies | |
| Carshy McCarsh Offer Upgrade  User ID: 1481545  Germany12/01/2012 09:53 AM Report Abusive Post Report Copyright Violation | |
| Carshy McCarsh (OP) User ID: 1481545 Germany12/01/2012 09:54 AM Report Abusive Post Report Copyright Violation | Is this a coincidence? Pelosi: Give Obama Power to Personally Lift Debt Limit to Infinity [link to cnsnews.com] Fucking traitors. Tell me what this tastes like... |
| AlcoholicRunner I run and drink at the same time. User ID: 23182389  United States12/01/2012 10:00 AM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 19442819 United States12/01/2012 10:04 AM Report Abusive Post Report Copyright Violation | If the government won't be held accountable for paying off their debts, then why should the American public? It has nothing to do about responsibility, or doing the right thing. If that was the case every level of government would be debt free. No the government decided to make it more difficult to file bankruptcy for the public, but no problem for them. |
| Anonymous Coward User ID: 28840841 United States12/01/2012 10:04 AM Report Abusive Post Report Copyright Violation | |
| Burt Gummer User ID: 7702124 United States12/01/2012 10:06 AM  Report Abusive Post Report Copyright Violation | A possible $1 trillion bailout is coming—and soon. Quoting: Carshy McCarsh 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] You KNEW this was coming after hearing the student loan default rate went parabolic. Thread: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic! The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic [link to www.zerohedge.com] JOBS???....WE DOAN' NEED NO STINKING JOBS!  |
| Anonymous Coward User ID: 28840841 United States12/01/2012 10:07 AM Report Abusive Post Report Copyright Violation | |
| Carshy McCarsh (OP) User ID: 1481545 Germany12/01/2012 10:08 AM Report Abusive Post Report Copyright Violation | If the government won't be held accountable for paying off their debts, then why should the American public? Quoting: Anonymous Coward 19442819 It has nothing to do about responsibility, or doing the right thing. If that was the case every level of government would be debt free. No the government decided to make it more difficult to file bankruptcy for the public, but no problem for them. Exactly. And I find it funny that Congress has spent us into this deep shit, and somehow the Democrat party keeps saying it's the responsibility of "the wealthy" to dig us out (which is now mathematically impossible even at a 100% tax rate). The "millionairs and billionaires" didn't spend us into collapse, the gawdamned Congress and the "President" did. Let them pay for it. Seize their assets and liquidate them. Last Edited by Carshy McCarsh on 12/01/2012 10:09 AM Tell me what this tastes like... |
| Carshy McCarsh (OP) User ID: 1481545 Germany12/01/2012 10:09 AM Report Abusive Post Report Copyright Violation | A possible $1 trillion bailout is coming—and soon. Quoting: Carshy McCarsh 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] You KNEW this was coming after hearing the student loan default rate went parabolic. Thread: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic! The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic [link to www.zerohedge.com] JOBS???....WE DOAN' NEED NO STINKING JOBS! Excellent links Burt.  Tell me what this tastes like... |
| Anonymous Coward User ID: 28814581 United States12/01/2012 10:26 AM Report Abusive Post Report Copyright Violation | |
| Carshy McCarsh (OP) User ID: 1481545 Germany12/01/2012 10:28 AM Report Abusive Post Report Copyright Violation | |
| davvi Doe: A Female Rabbit User ID: 3677166 United States12/01/2012 10:34 AM  Report Abusive Post Report Copyright Violation | A possible $1 trillion bailout is coming—and soon. Quoting: Carshy McCarsh 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] this really pisses me off, i worked two jobs and went to school full time in order to pay for my own college tuition and now i will be forced to pay for someone else's? i was in class one day and this guy asked the professor why he never took a day off and canceled class. the prof said to him, "you are paying for this, it wouldn't be right for me just to take off days for the hell of it." the guy just stared blankly for a moment or two and said, "i ain't paying for it, you don't think i would be here if I HAD TO PAY FOR IT? i gets it free." son of a b*tch, i am sick of paying for damn parasites and leeches. 5* and pin suggest. "Arguing with a leftist is like playing chess with a pigeon. No matter how good you are at chess, the pigeon is just going to knock over the pieces, crap on the board and strut around like its victorious." “I am the senator. You are the citizen. You need to be quiet.” Senator Tommy Tucker and your tax dollars at work. Scared yet? The people who rob Peter to pay Paul can always count on Paul's support. Obama's Death Panels: Cruel and Unusual punishment for people whose only crime is getting old or getting sick. The IRS used to investigate criminals, under Obama the IRS is the criminal. |
| Carshy McCarsh (OP) User ID: 1531528 Germany12/01/2012 11:23 AM Report Abusive Post Report Copyright Violation | A possible $1 trillion bailout is coming—and soon. Quoting: Carshy McCarsh 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] this really pisses me off, i worked two jobs and went to school full time in order to pay for my own college tuition and now i will be forced to pay for someone else's? i was in class one day and this guy asked the professor why he never took a day off and canceled class. the prof said to him, "you are paying for this, it wouldn't be right for me just to take off days for the hell of it." the guy just stared blankly for a moment or two and said, "i ain't paying for it, you don't think i would be here if I HAD TO PAY FOR IT? i gets it free." son of a b*tch, i am sick of paying for damn parasites and leeches. 5* and pin suggest.  Tell me what this tastes like... |
| Anonymous Coward User ID: 20901334 United States12/01/2012 11:43 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 28500452 United States12/01/2012 11:50 AM Report Abusive Post Report Copyright Violation | |
| Carshy McCarsh (OP) User ID: 1531528 Germany12/01/2012 11:57 AM Report Abusive Post Report Copyright Violation | Debt forgiveness after all it's only digits on paper or a computer right? The teachers/schools got paid so where is the problem? Quoting: Anonymous Coward 28500452 It's not debt forgiveness. It is Obamacare's assumption of private debt onto the public shoulders. The student debt is still there, but Obama will tax their parents to death in order to pay off the banks who hold the student loans. Tell me what this tastes like... |
| Carshy McCarsh (OP) User ID: 1531528 Germany12/01/2012 11:58 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 21155409 United States12/01/2012 11:58 AM Report Abusive Post Report Copyright Violation | |
| Carshy McCarsh (OP) User ID: 1531528 Germany12/01/2012 12:04 PM Report Abusive Post Report Copyright Violation | |
| R&y User ID: 8224477 United States12/01/2012 12:25 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 8074105 United States12/01/2012 12:28 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 24666450 United States12/01/2012 12:41 PM Report Abusive Post Report Copyright Violation | Bush had the banks give out loans to those who couldn't afford them. They were predatory in their practices, but people were stupid to take loans they knew they couldn't afford. These people should have lost everything. The banks should have lost everything and the government had no business advising these banks. Elliot Spitzer tried to stop them, but we all know what happened to him. Now, thanks to this stupidity by everyone else, those of us who didn't fall for this crap are supposed to foot the bill for it? Ridiculous. More bailouts is not the answer, ever. |
| Imlay User ID: 28655613 United States12/01/2012 01:32 PM Report Abusive Post Report Copyright Violation | Bush had the banks give out loans to those who couldn't afford them. They were predatory in their practices, but people were stupid to take loans they knew they couldn't afford. These people should have lost everything. The banks should have lost everything and the government had no business advising these banks. Elliot Spitzer tried to stop them, but we all know what happened to him. Quoting: Anonymous Coward 24666450 Now, thanks to this stupidity by everyone else, those of us who didn't fall for this crap are supposed to foot the bill for it? Ridiculous. More bailouts is not the answer, ever. Wrong President. |
| Carshy McCarsh (OP) User ID: 1486553 Germany12/01/2012 01:34 PM Report Abusive Post Report Copyright Violation | |
| Carshy McCarsh (OP) User ID: 1486553 Germany12/01/2012 01:38 PM Report Abusive Post Report Copyright Violation | Bush had the banks give out loans to those who couldn't afford them. They were predatory in their practices, but people were stupid to take loans they knew they couldn't afford. These people should have lost everything. The banks should have lost everything and the government had no business advising these banks. Elliot Spitzer tried to stop them, but we all know what happened to him. Quoting: Anonymous Coward 24666450 Now, thanks to this stupidity by everyone else, those of us who didn't fall for this crap are supposed to foot the bill for it? Ridiculous. More bailouts is not the answer, ever. Bush tried to get Congress to stop the Freddy/Fannie Freeloader Fail. Barney Fag and his fellow Democrats refused to do so. Tell me what this tastes like... |
| Carshy McCarsh (OP) User ID: 1486553 Germany12/01/2012 01:38 PM Report Abusive Post Report Copyright Violation | |
| Carshy McCarsh (OP) User ID: 1486553 Germany12/01/2012 01:39 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 28840841 United States12/01/2012 01:39 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 2059592 United States12/01/2012 01:48 PM Report Abusive Post Report Copyright Violation | |
| Carshy McCarsh (OP) User ID: 1486553 Germany12/01/2012 01:49 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 28840841 United States12/01/2012 01:56 PM Report Abusive Post Report Copyright Violation | America is going to look like Nicaragua in five years. Obongo/mugabe 2016~! Quoting: Anonymous Coward 2059592 More like Zimbabwe in 12 months. To the people who think wealth distribution is a good idea. They're not going to raise the third world to match us, they're going to lower us to match the third world. Sorry, kinda off topic. |
