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Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies

 
Carshy McCarsh
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12/01/2012 09:53 AM
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Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
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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Carshy McCarsh (OP)

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12/01/2012 09:54 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
Is this a coincidence?

Pelosi: Give Obama Power to Personally Lift Debt Limit to Infinity

[link to cnsnews.com]

Fucking traitors.
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AlcoholicRunner
I abduct humans and drink at the same time.

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12/01/2012 10:00 AM

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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
Anonymous Coward
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12/01/2012 10:04 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
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
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12/01/2012 10:04 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
success lol
Burt Gummer

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12/01/2012 10:06 AM

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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
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]
 Quoting: Carshy McCarsh


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!

wreckcrew
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12/01/2012 10:07 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
success lol
 Quoting: Anonymous Coward 28840841


I mean fail...I mean success. lol

I'm confused.
Carshy McCarsh (OP)

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12/01/2012 10:08 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
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.
 Quoting: Anonymous Coward 19442819


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
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Carshy McCarsh (OP)

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12/01/2012 10:09 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
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]
 Quoting: Carshy McCarsh


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!

wreckcrew
 Quoting: Burt Gummer


Excellent links Burt.

applause2
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Anonymous Coward
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12/01/2012 10:26 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
why not?
Carshy McCarsh (OP)

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12/01/2012 10:28 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
why not?
 Quoting: Anonymous Coward 28814581


Why not indeed.

Barry should bail out all the banks for all the mortgages that are defaulting because his policies have put everyone out of business, too.
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davvi

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12/01/2012 10:34 AM

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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
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]
 Quoting: Carshy McCarsh


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.
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Carshy McCarsh (OP)

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12/01/2012 11:23 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
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]
 Quoting: Carshy McCarsh


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.
 Quoting: davvi


clappa
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Anonymous Coward
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12/01/2012 11:43 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
Of course, "they" will still expect payment from those with past due student loans, plus interest.

Debtors prison is the next step.
Anonymous Coward
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12/01/2012 11:50 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
Debt forgiveness after all it's only digits on paper or a computer right? The teachers/schools got paid so where is the problem?
Carshy McCarsh (OP)

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12/01/2012 11:57 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
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.
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Carshy McCarsh (OP)

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12/01/2012 11:58 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
Of course, "they" will still expect payment from those with past due student loans, plus interest.

Debtors prison is the next step.
 Quoting: Anonymous Coward 20901334


I fully expect that only blacks, homosexuals, and illegal aliens will have their debts excused.
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Anonymous Coward
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12/01/2012 11:58 AM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
MOTHERFUCKERS.

THAT'S IT.
Carshy McCarsh (OP)

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12/01/2012 12:04 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
MOTHERFUCKERS.

THAT'S IT.
 Quoting: Anonymous Coward 21155409


resist
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R&y

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12/01/2012 12:25 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
If the amount of money given to the bankers was instead given to each individual taxpayer the taxpayer would have received over $80,000, you think that might have turned the economy around?
Anonymous Coward
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12/01/2012 12:28 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
this is what u do when it's your job to destroy the dollar...
Anonymous Coward
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12/01/2012 12:41 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
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

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12/01/2012 01:32 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
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.
 Quoting: Anonymous Coward 24666450


Wrong President.
Carshy McCarsh (OP)

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12/01/2012 01:34 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
If the amount of money given to the bankers was instead given to each individual taxpayer the taxpayer would have received over $80,000, you think that might have turned the economy around?
 Quoting: R&y


applause2
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Carshy McCarsh (OP)

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12/01/2012 01:38 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
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.
 Quoting: Anonymous Coward 24666450


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)

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12/01/2012 01:38 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
this is what u do when it's your job to destroy the dollar...
 Quoting: Anonymous Coward 8074105


fact
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Carshy McCarsh (OP)

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12/01/2012 01:39 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
Whoa, pinned, cool, thx mod!

hf
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Anonymous Coward
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12/01/2012 01:39 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
lol You're welcome.
Anonymous Coward
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12/01/2012 01:48 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
America is going to look like Nicaragua in five years. Obongo/mugabe 2016~!
Carshy McCarsh (OP)

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12/01/2012 01:49 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
America is going to look like Nicaragua in five years. Obongo/mugabe 2016~!
 Quoting: Anonymous Coward 2059592


More like Zimbabwe in 12 months.
Tell me what this tastes like...
Anonymous Coward
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12/01/2012 01:56 PM
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Re: Obama Calls for additional $1 TRILLION student loan bailout for his bankster buddies
America is going to look like Nicaragua in five years. Obongo/mugabe 2016~!
 Quoting: Anonymous Coward 2059592


More like Zimbabwe in 12 months.
 Quoting: Carshy McCarsh


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.

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