Archived

This topic is now archived and is closed to further replies.

Wealth Redistribution Under Obama

125 posts in this topic

Posted · Report post

[quote name='Davidson Deac II' timestamp='1353593404' post='2011944']
From the OP's link.



I have an excellent plan to reduce student debt burden. Don't borrow money you can't afford to pay back. If you have to borrow money to go to college, then go to a college you can afford (like UNCC or App State). If you do decide to borrow a 160 grand to go to Wake or Duke, make sure you major in something that will allow you to repay the debt in a reasonable amount of time. Don't borrow a 160 grand to go to an expensive school to take political science or french literature.

Do your first two years in community college in a program that transfers to a 4 year college. Get a part time job in the summer to help defray the cost of college. Don't use the money for cell phones or a car. Take the bus. Buy your clothes at Walmart instead of the gap. Do as much as you can to save money for college. I realize that poor kids are less able to do these things, but most of the current college debt comes from middle class kids.
[/quote]
That requires personal responsibility.

Share this post


Link to post
Share on other sites

Posted · Report post

Seeing as this article was about the government trying to reduce wasteful spending of taxpayer money in regards to student loans, I'm not sure why everyone's immediately snarling and stabbing at the strawman of debt relief.

The banks don't want to comply (the gov is offering to pay the FULL amount of the bond), because they don't want to get out of a system where the taxpayer takes on the risks, but the banks takes the profits.

But let's ignore all that and go after the real problem: young people trying to improve their lives.

Share this post


Link to post
Share on other sites

Posted · Report post

I agree. Let's.

Share this post


Link to post
Share on other sites

Posted · Report post

the govt is also good at creating a problem that only they can fix, then they will say come the next election, see, we "fixed" it. lol

but on the huddle, any sliver of criticism towards govt/unions et al=gun loving neocon uber nazi skinhead racist boston celtic loving ty cobb worshipping poster.

im optimistic these guys in dc figure it out. i mean they have so much skin in the game it only makes sense for them to solve the problems right?
1 person likes this

Share this post


Link to post
Share on other sites

Posted · Report post

Any of you remember when free tuition was well within reach in California and was set to go nationwide by the late 60's and into the early 70's? The entire University of California system (UCLA, USC, UC Santa Barbara, UC Davis, UC Irvine, just to name a few) was to be free of tuition.

That was, until Ronald Reagan was elected Governor. By 1970 he was installing a $600 per year tuition...

[url="http://lansingonlinenews.com/news/snyder-echoes-the-real-reagan-legacy-cheap-talk-about-higher-ed/"]http://lansingonlinenews.com/news/snyder-echoes-the-real-reagan-legacy-cheap-talk-about-higher-ed/[/url]

Among other notable acts:
[font="Times New Roman"][font="Times New Roman"]Once elected, Mr. Reagan set the educational tone for his administration by:[/font][/font][indent][indent]
[font="Times New Roman"]a. calling for an end to free tuition for state college and university students, [/font]
[font="Times New Roman"]b. annually demanding 20% across-the-board cuts in higher education funding[/font]
[font="Times New Roman"]c. repeatedly slashing construction funds for state campuses[/font]
[font="Times New Roman"]d. engineering the firing of Clark Kerr, the popular President of the University of California, and[/font]
[font="Times New Roman"]e. declaring that the state "should not subsidize intellectual curiosity [/font][/indent][/indent]
[url="http://www.newfoundations.com/Clabaugh/CuttingEdge/Reagan.html"]http://www.newfoundations.com/Clabaugh/CuttingEdge/Reagan.html[/url]

[url="http://www.nytimes.com/1982/12/28/science/california-weighs-end-of-free-college-education.html"]http://www.nytimes.com/1982/12/28/science/california-weighs-end-of-free-college-education.html[/url]


Yes, there was a time when education was free....

Share this post


Link to post
Share on other sites

Posted · Report post

[quote name='Delhommey' timestamp='1353703166' post='2012965']
Seeing as this article was about the government trying to reduce wasteful spending of taxpayer money in regards to student loans, I'm not sure why everyone's immediately snarling and stabbing at the strawman of debt relief.

The banks don't want to comply (the gov is offering to pay the FULL amount of the bond), because they don't want to get out of a system where the taxpayer takes on the risks, but the banks takes the profits.

But let's ignore all that and go after the real problem: young people trying to improve their lives.
[/quote]

lol not a single one of these fuging republicans actually addressed FFELP or sherrod brown's legislation. 16 replies. not one.

Share this post


Link to post
Share on other sites

Posted · Report post

[quote name='Anybodyhome' timestamp='1353758504' post='2013392']
Any of you remember when free tuition was well within reach in California and was set to go nationwide by the late 60's and into the early 70's? The entire University of California system (UCLA, USC, UC Santa Barbara, UC Davis, UC Irvine, just to name a few) was to be free of tuition.

That was, until Ronald Reagan was elected Governor. By 1970 he was installing a $600 per year tuition...

[url="http://lansingonlinenews.com/news/snyder-echoes-the-real-reagan-legacy-cheap-talk-about-higher-ed/"]http://lansingonline...bout-higher-ed/[/url]

Among other notable acts:
[font=Times New Roman][font=Times New Roman]Once elected, Mr. Reagan set the educational tone for his administration by:[/font][/font]



[indent=1]
[font=Times New Roman]a. calling for an end to free tuition for state college and university students, [/font]
[font=Times New Roman]b. annually demanding 20% across-the-board cuts in higher education funding[/font]
[font=Times New Roman]c. repeatedly slashing construction funds for state campuses[/font]
[font=Times New Roman]d. engineering the firing of Clark Kerr, the popular President of the University of California, and[/font]
[font=Times New Roman]e. declaring that the state "should not subsidize intellectual curiosity [/font][/indent]

[url="http://www.newfoundations.com/Clabaugh/CuttingEdge/Reagan.html"]http://www.newfounda...dge/Reagan.html[/url]

[url="http://www.nytimes.com/1982/12/28/science/california-weighs-end-of-free-college-education.html"]http://www.nytimes.c...-education.html[/url]


[b]Yes, there was a time when education was free....[/b]
[/quote]

So University staff were were willing to work for free? And the folks that make the books and equipment were willing to provide it for free? And the utility companies were willing to provide services to the school for free? And construction companies were willing to do work on the campuses for free? Wow, that would have been very nice of all of them.

Of course, if you were talking about the government/taxpayers paying for everything, then that wouldn't be free. If it is taxpayer funded, then thank god Reagan put a stop to it. The cost to the taxpayer would have been astronomical and the benefit of having a college education would have been significantly degraded. Even socialist leaning Europe hasn't been stupid enough to to do that.

Share this post


Link to post
Share on other sites

Posted · Report post

[quote name='gospodin shuttlesworth' timestamp='1353761624' post='2013403']


lol not a single one of these fuging republicans actually addressed FFELP or sherrod brown's legislation. 16 replies. not one.
[/quote]

And I even (rightly) placed blame on the Obama administration.

Why do you think I rarely put any factual information on here? You have to appeal to their emotional side.

Share this post


Link to post
Share on other sites

Posted · Report post

Its an opinion piece that paints the problems with increasing student debt as the fault of poor government policy, inaction by congress and investor greed. IMO, that is a heavily flawed analysis that completely ignores personal responsibility. While I agree that government policy is partially to blame, imo [b]the heart of the problem lies with those assuming the debt in the first place[/b]. We as a nation need to understand that debt can be a good thing if used wisely, but if not used wisely, can go horribly wrong. That is true whether its over using the credit card, getting loans for a degree in french literature or borrowing from China to finance a war. It was true of the housing bubble, and its true with student loans.

Share this post


Link to post
Share on other sites

Posted · Report post

[quote name='Davidson Deac II' timestamp='1353763245' post='2013414']
So University staff were were willing to work for free? And the folks that make the books and equipment were willing to provide it for free? And the utility companies were willing to provide services to the school for free? And construction companies were willing to do work on the campuses for free? Wow, that would have been very nice of all of them.

[font=verdana,geneva,sans-serif]Of course, if you were talking about the government/taxpayers paying for everything, then that wouldn't be free. If it is taxpIayer funded, then thank god Reagan put a stop to it. The cost to the taxpayer would have been astronomical and the benefit of having a college education would have been significantly degraded. Even socialist leaning Europe hasn't been stupid enough to to do that.
[/quote][/font]

[size=4][font=verdana, geneva, sans-serif]Gee, it had been working in the UC system for over 100 years until Reagan got his hands on it. See, here's where reading some history may have actually benefited you in forming your opinion, but why let facts get in the way. [/font][/size]

[size=4][font=verdana, geneva, sans-serif]I was born and raised in Southern California and lived there until 1992. As my brothers and sister and I can attest, we're all very familiar with the UC system. [/font][/size][font=verdana, geneva, sans-serif] [/font]

[size=4][b][font=arial, helvetica, sans-serif][color=#333333]The Sixties were also a time when the [/color][url="http://lansingonlinenews.com/wp-content/uploads/2011/02/CORPORATE-TAX-RATES.pdf"]top corporate tax rate was 52%[/url][color=#333333] instead of today’s 35%, and the [/color][url="http://en.wikipedia.org/wiki/Income_tax_in_the_United_States"]top individual marginal income tax rate was 70%[/url][color=#333333], though that was still a bargain compared to the 94% charged on incomes above $200,000 during WWII.[/color][/font][/b][/size]

[url="http://lansingonlinenews.com/wp-content/uploads/2011/02/CORPORATE-TAX-RATES.pdf"][size=4][b][font=arial, helvetica, sans-serif][color=#333333]http://lansingonlinenews.com/wp-content/uploads/2011/02/CORPORATE-TAX-RATES.pdf[/color][/font][/b][/size][/url]

Share this post


Link to post
Share on other sites

Posted · Report post

Everything should be free. Imagine no possessions.

Share this post


Link to post
Share on other sites

Posted · Report post

[quote name='Davidson Deac II' timestamp='1353766068' post='2013429']
Its an opinion piece that paints the problems with increasing student debt as the fault of poor government policy, inaction by congress and investor greed. IMO, that is a heavily flawed analysis that completely ignores personal responsibility. While I agree that government policy is partially to blame, imo [b]the heart of the problem lies with those assuming the debt in the first place[/b]. We as a nation need to understand that debt can be a good thing if used wisely, but if not used wisely, can go horribly wrong. That is true whether its over using the credit card, getting loans for a degree in french literature or borrowing from China to finance a war. It was true of the housing bubble, and its true with student loans.
[/quote]

So how did you manage the $42k + a year that it takes to attend Wake Forest? Perhaps you can show the youth of today the debt free way.

Share this post


Link to post
Share on other sites