John F. Kerry

u have got to be fucking kidding me here.


ok ill lay this out really quick because i just have to get my frustration with this off my chest

Obama's Student Loan Plan To Ease Debt As College Costs Rise

ok, lets go thru the effects of the housing bailout.

1. government policies cause a housing bubble by encouraging people to buy more home than they can afford and by giving them tax credits and breaks for owning homes... it also helps the poor get into houses they cant afford by various policies that frankly both parties contributed to over the past 20 years

2. the housing market is artificially inflated by #1, it goes on for years and years, and gets so fucked up and has no corrections like a normal free market would... so that the end result is predicatable... the bubble bursts ... peoples homes lose value, and the few that still have them see them worth half what they used to be....

3. some random people get bailed out, and others get fucked... but not according to their decisions like the free market would allow, but because some beurocrat threw some darts and a dart board and picked who would be screwed and who wouldnt...


.... now does anybody not see how this is the exact same thing with student loans but we are on like step 1.6 instead of all the way to 3.


1. government encourages "every person to go to college" and provides assistance for people who never probably should go to college- the result is that all these people who dont really need college and might not even have the capacity to make the most of it, they get a college education for a huge fee that is backed by the taxpayers (us).

2. this deflates the value of an education, at the same time that it causes prices to go up, because colleges have way more demand and way less supply and there is no free market to keep it in check because any low income people can just get free education from the taxpayers even if they are people who should never even go to college

3. ....comming soon.... obama passes plans like this one to further distort the free market, further prolong the bubble, and further worsen the inevitable correction... where college educations are worth dog shit because every ass hole has one and didnt even have to work hard for it, and where the price of schools keeps skyrocketing because these colleges dont have to worry about getting paid, its the government, the taxpayers, that pay these huge outrageous fee,s in the name of those "less fortunate".

....

...

?


its the same thing with healthcare too. but at least u can make an argument that every person needs healthcare, every person doesnt need a college education, and the idea that if 300 million americans had college educations we would have 300 million high paying jobs to give them is just a farce so it doesnt add up common sense wise or economically.

and what will happen again is that this will "bail out" those with huge student loans and screw those people who carefully took on only a little bit of college debt and worked hard to pay it off- just like the same thing happened with the housing crash.... so lets get the beurocratic dart board ready again...


SHEESH

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Nasa under Obama

John F. Kerry

"we hold these truths to be self evident that all men are created equal, that they have the right to life, liberty and THE PURSUIT of happiness"

notice the founders didnt guarentee everyone the right to have everything they wanted, like obama and his wellfare state people want to do... and its not rude or nasty, its just obvious, if everyone has what they want, then why is there incentive to work harder and do better?

thats why communism fucking failed... jesus.... wake up

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Nasa under Obama

Roach

banks are trying to avoid the collapse of the student loan bubble.

next comes the derivatives bubble.

I predicted as much.

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DdC

So now jfq the retard is a whiny nazi toe jam licker? Bail out the banks but fuck the kids? You are one sick puppy jfq. Do you kick dogs and babies? The real estate market busted the economy, not people buying houses. Not fixed income seniors getting low interest loans. We are American citizens and no one on the top 1% cares. They are International corporations and world banks with no allegiance as stated numerous times. You refuse to see or rather I believe you do see and are just a scum bucket troll who happens to be retarded. Getting a paycheck to torture Americans. Sicko applies to more than the Health Fascists kicking pregnant women out of clinics. Or the Manufacturing trickle down jobs to India and Wallmart China sweatshops. It's simple asswipe Money received locally is spent locally. The Feds and Wall St want it taken from local communities where it is not spent locally. What goes to the people helps the economy. What leaves the people to China or tax to DC doesn't. You side with the internationalists over Americans making you a dickhead. That's it, just a dickhead. There are no words to save your sorry ugly ass from the peoples justice. Burn the Trolls with their Masters! The solution is simple. Eat the rich!

With Income Gap at 80-Year High, Solutions Remain Elusive
A new report shows that the income gap between rich and poor in America is at an eight-decade high — the largest differential since the period immediately preceding the Great Depression. And economists fear that the education and job-creation programs that could bridge this gap are lacking in the recessionary economy.



Obama to announce actions on housing, student loans

President Barack Obama this week will announce a series of actions to help the economy that will not require congressional approval, including an initiative to make it easier for homeowners to refinance their mortgages, according to a White House official.

The actions come as Obama is facing resistance from Republicans to a $447 billion jobs package he has urged Congress to pass.

These kids played by the rules jfqfuckhead. Just like their parents. Now they can't find a job sent overseas. They in debt as high as a mortgage meaning no real mortgages. So you think the Banks should be paid even more. You think their taxes should be lower? Sicko.



American students drowning in debt

A ticking time bomb of American debt. Over $830 billion is owed by college students in the US with $3,000 more added on every second. The most traditional financial baggage for Americans was credit card debt. For the first time, debt belonging to college students has overtaken that number one spot. Economist Max Wolff said, “Students graduating in 2008, 2009 and 2010 are facing the worst job markets in a generation at least. And so you have people with more debt than we have ever seen before, who are having a harder time finding any job, let alone a job that pays them enough to somehow pay off all this debt.”



Private education rings in new year with quality focus

Russian private schools, including those oldest and most distinguished, have slashed fees for families hit by the economic crisis.

US students drowning in debt

Google: RT student loans

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John F. Kerry

every time i see your posts i try for a few seconds to understand if theres any point other than name calling,

then when i see there isnt, i try to understand at least how you might perceive your own posts to be- or what ideas you are trying to express even if u are expressing them confusingly or something...

then i usually just give up, the jury is still out for me as to whether you are a nutcase or a liberal version of ron paul.

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Nasa under Obama

John F. Kerry

dcd. what about the student loan relief ?

doesnt that seem UNFAIR to the people who went to cheaper schools or worked their way thru college in other words THE LOWER CLASSES OF PEOPLE.

if we are going to forgive student loans and make them easier to pay off and shit- its pretty obvious that the direct results of that will be 1. that the price will keep climbing, making it harder for the poor to afford even than it is now 2.decrease the quality because the incentive is to have people-mills more than to have well rounded people and 3. it will help those with 300k of student loans from harvard and help the fucking elite brats and all those kids who went to community colleges and state schools (something like 80% of yahookans who went to college if i recall) will get screwed and the elites will have no loans to pay back and a 300k education that we didnt get because we tried to be responsible and not go to a college we knew we couldnt afford.

i would think u could get on board here. maybe clear out that weedwax from your ears.

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Nasa under Obama

The Rev

There can be no "student loan bubble" because no one is buying college educations to turn around and sell them for a profit. They did this with houses, causing many many homes that no one actually wanted (to live in) to be built. The products being traded, IOW, had no real value, just an inflating price. A college education, however, has value, and while creating more graduates lowers each one's scarcity in the job market (meaning lower salaries which lowers the relative value of a college education), it does enhance his or her ability to create real wealth, so it's a meaningful investment (as opposed to buying a home no one wants to live in).



The Rev

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Roach

Yes, There Is a Student Loan Bubble

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לזיין את הקופים

Roach

http://image.exct.net/lib/fefb127575...ling+Grade.pdf

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The Rev

The value of a college education is falling while the price of one has been increasing, largely facilitated by bad lending practices on the part of banks (and a general consensus that a college education is absolutely essential). So, yeah, it is closer to what I'd consider an investment bubble than other kinds of inflation. A college education, however, has real value, unlike the gas that inflates typical bubbles (shares in worthless companies, houses no one wants, or tulip bulbs), so I'm not inclined to call this a bubble. However, I get your point and it's a good one, Roach.



The Rev

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John F. Kerry

interesting take rev. i think theres something to be said for that.

its not exactly the same as the housing crises. but then on the other hand, there are similar outcomes just not exactly the same, like all these for profit schools like university of phoenix and shit... they sign up ppl they know wont suceed, and they fill out a 342x.3.34sdf whatever government form for that person and uncle sam (u and I) basically pay a hugely inflated price that phoenix pockets and the person gets some shite education that doesnt help them and is way too overpriced. so its not a bubble in exactly the same sense but its a "distortion" of the free market ...

good observation. ur keepin me on my toes

...ur other post expounds on the same point, i like it and agree

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Nasa under Obama

Dhomnley

Encouraging all Americans to go to college in the 1st place is absurd, correct. We are no longer a producing nation, and that needs to change to strengthen ourselves again. To become that again, only about 5-15% of people need to go to college.

Roach

just so you know j.f.asshole, it isn't a bailout.

Friend --

President Obama just took two serious steps to make life a lot easier for folks with student loans -- and there's a good chance you or someone you know will benefit from these changes very soon.

Here's how:

-- Effective this January, if you're someone who has different kinds of loans -- guaranteed and direct -- you'll be able to roll them both into one direct loan and bring down your interest rate. You'll only have to write one check a month, and you'll see a discount. This switch adds no cost to taxpayers across the board.

-- You might remember that, as part of last year's student loan reform, borrowers' loan payments could be no higher than 10 percent of their disposable income. This is a big deal -- but it wasn't going to help anyone enrolling before 2014. Today, the President announced that he's speeding up this program so it will affect students next year -- helping over 1 million students. This will have huge consequences for people struggling to make their student loan payments.

Sometimes, it can be hard to see how policy changes will actually affect your day-to-day life.

Not the case with this one. These changes will make a real difference in helping millions of Americans get by month to month.
President Obama isn't waiting on Congress to take action. He's doing everything in his power, right now, to help bolster our economy and get folks back on their feet.

On Monday, he laid out new rules on federal mortgages to help make sure more families don't lose their homes to foreclosure.

On Tuesday, the administration announced two new initiatives to help veterans find work.

Today, it means making changes that make student loans a lot easier to manage.

These are actions that can't wait on the next vote or the next election. So long as people are struggling, this President and this administration will do everything in their power to help them when and where they can. It's just that simple.

Now, let's make sure that the millions of people who stand to benefit from today's steps know about it.

Thanks,

James

James Kvaal
Policy Director
Obama for America

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adventure

Im sorry I have yet to read any of the thread, I will in a minute, but I need to rant...
I just got off the phone with my boss; he is trying to convince his girlfriend to declare bankruptcy. She does not need to do so, but she can because she is living with him, and does not need to worry about her credit. Fuck, people do not take any responsibility for their actions. She got herself into a situation, now she is going to dump it on everyone else.
One of my upstate managers is going to just walk away from his house up there. He can manage, but it would be easier for him to wipe his hands clean and just walk away. We have millions of people who are in "real" situations, trying to make keep a roof over their families heads, but can not because some people have no pride or self respect. This drives me nuts.

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Coming Full Range

adventure

Also...
I was a week away (4 days actually) from signing a student loan for $100K. It was my dream, but thank God I did not. I wanted to go to the CIA (Culinary Institute of America) I convinced myself that if other people are doing it, I will some how manage. Well after about a year of applying, I realized that everyone who was going wasn't paying themselves.... Mommy and Daddy were paying for them. I knew one girl who was paying her own way, but she was 32 and already had a BA in accounting. lol

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Coming Full Range

wellfleation

You are correct in that we are no longer a producing nation. What that means is less need for uneducated factory line workers and more of a need for a MORE educated work force. We need more engineers, more scientists, more critical thinkers, more social workers, more nurses, etc.

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FIGHTPOWER

Stonie Jo

You guys blow.

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I've thought of something cool a thousand times for this but as I sit here stoned right now I can't come up with any of them............

adventure

whats wrong Stonie?

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Coming Full Range

The Rev

Just so you know, Adventure, people who walk away from mortgages and credit card debt aren't dumping it on anyone. The money for those loans is generated by banks through a process called credit expansion. Fractional Reserve laws allow them to issue $10 worth of accounts for every $1 of real money deposited. It's like having the ability to draft checks for 10x the money you actually have, then charging interest to the people you loan the checks to.

This is how the bank owns every house in your neighborhood, and every car in every driveway, save the scarce few who have paid off their loans (plus a shitload of interest). It's the biggest scam in history and it's gone on, unchallenged, since the 18th Century.



The Rev

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DdC

jfq, you are as stated to me because you refuse to see reality through rose colored partisanship that is irrelevant. You're an asshole because of your lies, not ad homindum. You make shit up and then use it as references to more shit you fabricate out of thin air. That is a nutcase in my book. Slander me all you want I trust those reading the post to make their own judgements without mainstream gossip you provide. There are no liberals or conservatives, just neofascism. You divert and give aid to those trying to do harm to Americans, ie; Making you a Terrorist. If you are an American that would make you a Traitor. Now it's a matter of survival for real American people and to hell with some international loan shark interest. Your neighbors kids are victims and you play silly games mimicking your puppet TV gossip. There should be no profit on school loans for anyone qualified in spite of the market needs of the moment. Any band aid should be profitless Nothing wrong with Banksters making a living wage instead of profits on misery. Constitutional or American Values are for Americans, not those with money or jobs or relatives in office. We the People over rule profits. Even the Sheople and Moles following blindly. Selfish pricks. "I got mine fuck you worms." You can always lose a job, can't lose knowledge. Your money has been targeted for decades to the point laws protecting banks while the Ganja prohibition maniacs like Souder/Clinton bastardized the Higher Education Act. To prevent education and that's cheap labor = top profits.

Drug Czar/EdSec Bennett censored the word hemp out of school books. Now Perry and the other religionists want to deny spherical earths revolving around the sun as well as the oldest domestic crop growing without pesticides. Denial is for believers, ie; chumps. You're a chump man, don't blame me because I point it out. Of coarse you can't understand because you don't want to or like any child, you would ask. Just an asshole to me. History is a lie agreed upon concerning what kids learn. Now religious zealot wingnuts want to reverse Science. Dumbing down also helps find cheap labor and that = top profits. Killing Unions so the individual worker has to face the squad of lawyers on their own means cheap labor = top profit. Not more wages for the backstabbers. Less for those who don't. You haven't noticed two decades of corporatizing everything from art to music to food. Hard to be a backyard mechanic with computer cars. Hard for farmers to distill their own fuel thanks to the same corporatists you suck up to and cheerlead for. Cheap labor has been the goal of the Neocon as much as exploiting resources. You can tell them apart, they're the ones jerking the plastic flags at the kids getting shot for oil.

From the Egyptians to the Romans to the 5 Major Religions today. Oversized classrooms means less time for questions, less learned. Cheap labor. What is school if not job prep? Is this your future of Mickey D and Motels Rented everything. Including National Parks and Voting. No bubble, the opposite, concave. A carbuncle. Vacuum to limit higher education and jobs requiring them. Same economic segregation I grew up in and how Pennsylvania maintained a white school system in the burbs and a liberal amount of electives city schools with forced integration missed out on. Racism is still taught, most treat it as cursing. But it hasn't gone away. Most lower income jobs pay less income tax than if you were in a private koch prison. Ganjawar provides raw material for the prison industry same as unemployment running out. Both provide cheap labor = top profit. isolated incidents of fraud on the working class level, by the poor, by druggies, by the unemployed... are bullshit. Lies that have no relevance to the majority of Americans who don't cheat. Integrity in this case is more of a buzzword than realistic. Blame the weak to profit the rich is weak and classless. A mole troll.

Only about 5-15% of people need to go to college.

That is the most anti American statement on this thread. Who the hell are you to say how many educated people we should have. Is that self imposed slavery ya got contagious? Sick sick sick. Education should have little to do with jobs and more to do with civilizing people out of ignorance that only provides cheap labor = top profits. Seems I heard that somewhere.

doesnt that seem UNFAIR to the people who went to cheaper schools

We all deserve the same quality education. Nice to hear you admit there is a difference in lower incomes quality of life. That's due to stealing public funds and giving it to for profit private schools. Cheap labor is what you support, Souder's Education Ax is an abomination to Americans. Its cheating innocents, More than coincidentally racist. You make the playing field lopsided for decades and then say we all have the same opportunities. We show you over and over the obstacles legislated, not by nature.. That are meant for one bottom line.. Cheap Labor = Top Profits. Instead of asking why does this exist in a supposedly free nation. At least that's what pseudo patriots are always mouthfarting. You blame them for taking taxes. Not a mumbling word about the trillion dollar Ganjawar. Or the two trillion dollar Wall St bailouts. Or the various trillion dollar police actions like Iraq after Mission Accomplished downgraded it to for profit status. Woosh over the heads of the trolls.... I truly believe the neofascist clowns exploiting the world of it's resources, unnecessarily. While the people lose their habitat to sustain themselves as they have for thousands of years. Aren't going to distinguish who is a republikrat or democon. To them we are all bullies stealing their land and killing their babies with our sewage from the factories. Our trinkets won't impress them since they have no electricity. Killing the middle class is the goal of neocon cheap labor incentives and the results of the 1% top profits. Appeasers feed their neighbors families to crocodiles and pray they are spared. But you can't barter with a crocodile. Or aparently reason with a neocon puppet.

We are no longer a producing nation,

That is still the intent of the GOP and Neocons by outsourcing. Now that says you know this and try to BS anyway. Legalizing hemp would make us a producing nation.



Its all about fucking the middle class into a two tiered system. Always has been. Education has been a target of the moneysluts and this is just the collateral damage. Cheap labor from outsourcing trickle down tax breaks don't make American jobs. I remember when college grads couldn't find work pumping gas because of the draft and the Namscam. When they had Service Stations. Texas and other nazi strongholds create jobettes to fill propaganda charts but in reality they can't feed a family on one job. This is what scum protect. You joined their party so you get hit when it is exposed. Asshole. Stop the obvious fascism that you protect with the souls of your family. Replace the word American with your buzzwords if you're still not clear. Cheap labor from slavery to technology. If the cost of living matched a living wage we would have no incentive for poverty or homelessness. We would spend it and as ole Jer said. One man gathers what another man spills. When we make quality products and are paid fairly we buy quality products. When necessity was the Mother of Invention we created things the world bought. Now it's all multinational profit to the point of shelving inventions we need because it competes with what they sell. Solar panels. Ethanol and Hemp. That's not Free Enterprise. Nor is freezing seniors because Venezuelan Heating Oil offered free might be tainted with socialism. Best they should freeze like good Patriotic Capitalists and think of the Exxons and Chevrons and Morons addicted to them. Trollies. Peace Dividends. Flashbacks.Now it is beyond political debate and buzzwords and theory. Get your ass out on the streets and see for yourself before you mimic puppets on corporate media. Stop the hypocrisy from abortion to wars and act like you belong here. Now, you make me sick.

A Lie College Students Might Want To Tell Mirror

In 1998, Rep. Mark Souder, R-Ind., an advocate of stringent drug laws, slipped into a House bill an amendment denying federal financial aid for college to anyone who had been convicted of either selling or possessing drugs. No congressional committee voted on the amendment. But it passed as part of the reauthorization of the Higher Education Act, first enacted in 1965 to create federal financial aid for college students.

In 2004, the group Students for Sensible Drug Policy asked the federal government to give it a state-by-state breakdown of the number of students denied aid as a result of Souder's amendment. The Department of Education demanded $4,124.19 for the information. SSDP asked for a fee waiver, arguing that releasing the information was in the public's interest and that the group is a cash-strapped nonprofit. The agency denied SSDP's request, arguing that releasing the data could lead to drug legalization. Public Citizen backed SSDP in court. The New York Times editorialized on its behalf. The federal government blinked. On Wednesday, the Department of Education gave SSDP the state-by-state numbers. Here they are.

If this law betters the lives of young people—Souder calls it a way to reduce youth drug use by reducing demand—then no state has done better than Souder's own Indiana. As of August 2005, nearly 9,000 Indianan students—one in 200—have been denied aid since the law passed. That's the highest proportion of students affected in any state by a wide margin.
Click here to see where your state ranks.: http://www.slate.com/id/2139803/sidebar/2139804

HR 2829: PDF copy (see page 30)
"An Act to reauthorize the Office of National Drug Control Policy Act", was sponsored by Rep. Mark Rep Souder, an Indiana Republican. The Agent Green provision was placed in the bill at the behest of Rep. Dan Burton, another Indiana Republican who is an enthusiastic supporter of using biological weapons against Colombia and other countries

Federal Law Strips Aid for 190,000 Students

The Sadomoralist leading the Illiterate

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