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REPORT ABUSIVE REPLY
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Message Subject
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Today Obama Used His Executive Powers To Push Student Loan Reform
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Poster Handle
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SilverPatriot |
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Post Content
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But people still took the loans... So we should just forget about personal responsibility now because Sugar Daddy Obama is going to pay with tax money? Both sides are at fault... I still think you should pay your bills. I worked when I went to school because I didn't want a HUGE debt when I got done. Silly for me to be responsible...
Quoting: Hitokiri No. The banks can try to collect the money from the people they loaned it to. That's how it works. At no point should the government, or you and I be involved. They won't be able to collect, of course. Because they made stupid loans. And then they'll go out of business, the way companies who make bad decisions do. Then we'll wake up tomorrow, and all will be well. Banks made stupid loans at the government’s bequest eventually all these students will be beholden to the government indentured slaves mean anything to you. The banks WANTED to make these loans. They couldn't without the Reinvestment Act. There is one and only one entity that made out well through all this, and that's the banks. There's a reason for that. Is this what you are talking about and if so please tie in your thoughts? The American Recovery and Reinvestment Act of 2009: Information Center [ link to www.irs.gov]
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