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2nd Term Part 4: Donkeys, Elephants, and Porcupines
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**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.
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Re: 2nd Term Part 4: Donkeys, Elephants, and Porcupines
Originally posted by ScoobyDoo View Post
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Re: 2nd Term Part 4: Donkeys, Elephants, and Porcupines
Originally posted by FlagDUDE08 View PostGiven the huff-and-puffers' beliefs when it comes to knucks and greedy corporations, I'm shocked you're calling this a fail.
That's an epic failure by our Federal Government of epic proportions. Most other nations around the globe are investing in higher education knowing that their population needs it to compete.
http://www.huffingtonpost.com/tavis-...b_3418669.htmlLast edited by ScoobyDoo; 07-01-2013, 01:03 PM.**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.
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Re: 2nd Term Part 4: Donkeys, Elephants, and Porcupines
Originally posted by ScoobyDoo View PostBig Banks are given an interest rate of almost nothing from the Federal Government. The prime rate is 3.25%. Yet, we're going to charge the "hopefully" future middle class 6.8% to go to school??
That's an epic failure by our Federal Government of epic proportions. Most other nations around the globe are investing in higher education knowing that their population needs it to compete.
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Re: 2nd Term Part 4: Donkeys, Elephants, and Porcupines
Scoobs is 100% correct. Its amazing that the same people who cry at the top of their lungs that Obama is leading the nation to ruin in the next breath think its okay to make it harder for working class people to afford college, an attitude that will in fact ruin the country. Few of us can go the "Mitt Romney Route" where he famously declared that kids should just ask their parents for the money.
Worse yet is the condescending attitude out of righties that taking out loans is a sign that you don't belong in college. Even the most responsible of students may have to rely on some level of loans to get them through school. 6.8% is an absurd borrowing rate in this day and age, especially since students will have to pay the money back eventually as those loans can't be disposed of.
But hey, go on telling students this is all their fault. Nothing will consign conservatism to the dustbin of history quite like screwing over a whole generation of people in their formative years! Remember, we ain't creating any new crabby old white guy voters.Legally drunk???? If its "legal", what's the ------- problem?!? - George Carlin
Ever notice how everybody who drives slower than you is an idiot, and everybody who drives faster is a maniac? - George Carlin
"I've never seen so much reason and bullsh*t contained in ONE MAN."
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Re: 2nd Term Part 4: Donkeys, Elephants, and Porcupines
Originally posted by ScoobyDoo View PostBig Banks are given an interest rate of almost nothing from the Federal Government. The prime rate is 3.25%. Yet, we're going to charge the "hopefully" future middle class 6.8% to go to school??
That's an epic failure by our Federal Government of epic proportions. Most other nations around the globe are investing in higher education knowing that their population needs it to compete.
http://www.huffingtonpost.com/tavis-...b_3418669.html
Those loans get statements, make phone calls, make payments and don't pay their bills a healthy % of the time. 6.8% asks the student benefitting from the loan to pay back with interest and hopefully provides some incentive to borrow with some forethought. Charging them less means everybody else pays more for it. At 6.8% they don't even cover the losses now. The govt has lent $900billion with no underwriting at all, some say losses are 20%. They could do something like this to win votes from young people and either raise the deficit, cut back on other services to non-students or raise taxes.I believe in life, and I believe in love, but the world in which I live in keeps trying to prove me wrong.
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Re: 2nd Term Part 4: Donkeys, Elephants, and Porcupines
Originally posted by pirate View PostSimple math.
Those loans get statements, make phone calls, make payments and don't pay their bills a healthy % of the time. 6.8% asks the student benefitting from the loan to pay back with interest and hopefully provides some incentive to borrow with some forethought. Charging them less means everybody else pays more for it. At 6.8% they don't even cover the losses now. The govt has lent $900billion with no underwriting at all, some say losses are 20%. They could do something like this to win votes from young people and either raise the deficit, cut back on other services to non-students or raise taxes.
What ****ing planet are you people living on?**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.
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Re: 2nd Term Part 4: Donkeys, Elephants, and Porcupines
Originally posted by ScoobyDoo View PostAnd yet the folks who are getting practically zero percent can almost cause the collapse of the entire financial system and their rates stay the same?
What ****ing planet are you people living on?I believe in life, and I believe in love, but the world in which I live in keeps trying to prove me wrong.
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Re: 2nd Term Part 4: Donkeys, Elephants, and Porcupines
Originally posted by pirate View PostWhat the heck are you talking about? You asked a question. Not my fault you and Rover don't understand it costs money to run the program. Oh right, I forgot, somebody else pays for it all so you don't care. Rationalizing government decisions to the point that they all need to be bad decisions for the purpose of consistency has gotten us to this point. Like I said, just cut social security (or any other goverment expense) or raise taxes. Problem solved.
It's wrong.**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.
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Re: 2nd Term Part 4: Donkeys, Elephants, and Porcupines
Originally posted by ScoobyDoo View PostBig Banks are given an interest rate of almost nothing from the Federal Government. The prime rate is 3.25%. Yet, we're going to charge the "hopefully" future middle class 6.8% to go to school??
That's an epic failure by our Federal Government of epic proportions. Most other nations around the globe are investing in higher education knowing that their population needs it to compete.
http://www.huffingtonpost.com/tavis-...b_3418669.html
I'm a big supporter of education, as I think a lot of our welfare issues can be solved if we get people the education needed to make a go of it themselves.
Unfortunately, our system of funding higher education has turned into something a little bit like our failed medical insurance/reimbursement industry.
Having the government throw a bunch of free or extraordinarily cheap money at students in the form of grants and minimum interest loans means that there is a big supply of dollars out there available for universities to tap, just like hospitals did.
As a result, we just see this exponential increase in tuition costs that bear literally no relation to inflation at all.
I'd be much more in favor of a "single" payer system for college, basically like we do for K-12.That community is already in the process of dissolution where each man begins to eye his neighbor as a possible enemy, where non-conformity with the accepted creed, political as well as religious, is a mark of disaffection; where denunciation, without specification or backing, takes the place of evidence; where orthodoxy chokes freedom of dissent; where faith in the eventual supremacy of reason has become so timid that we dare not enter our convictions in the open lists, to win or lose.
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Re: 2nd Term Part 4: Donkeys, Elephants, and Porcupines
Originally posted by Rover View PostScoobs is 100% correct. Its amazing that the same people who cry at the top of their lungs that Obama is leading the nation to ruin in the next breath think its okay to make it harder for working class people to afford college, an attitude that will in fact ruin the country. Few of us can go the "Mitt Romney Route" where he famously declared that kids should just ask their parents for the money.
Worse yet is the condescending attitude out of righties that taking out loans is a sign that you don't belong in college. Even the most responsible of students may have to rely on some level of loans to get them through school. 6.8% is an absurd borrowing rate in this day and age, especially since students will have to pay the money back eventually as those loans can't be disposed of.
But hey, go on telling students this is all their fault. Nothing will consign conservatism to the dustbin of history quite like screwing over a whole generation of people in their formative years! Remember, we ain't creating any new crabby old white guy voters.
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