Yes, everyone gets a Porsche. That is exactly what I said you dumbass.

Your being arrogant in the fact that you assume everyone with student loans is some frick up with a worthless degree.

The economy is partly to blame for student loan default rates. Lowering the interest rate will allow for more flexibility to pay back loans, allow a lot of these people to save money to buy houses and cars, allow them to move on with their life/find someone willing to marry them and their student loans, it will also stimulate he economy by giving people more purchasing power.

Oh but you think frick them because they tried to get an education. frick them because there is someone on capital hill finally making an argument for the middle class. frick them because they are going to raise taxes on people who enjoy tax breaks, low interest products.

I do believe it is wrong for the federal government to profit off of its individuals. That's the fiscal conservative coming out in me.

This post was edited on 8/25/14 at 12:11 am

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Posted by 90proofprofessional

Member since Mar 2004

24445 posts

Posted on 8/25/14 at 5:48 am to cjared036

quote:
The economy is partly to blame for student loan default rates. Lowering the interest rate will allow for more flexibility to pay back loans, allow a lot of these people to save money to buy houses and cars, allow them to move on with their life/find someone willing to marry them and their student loans, it will also stimulate he economy by giving people more purchasing power.

Oh but you think frick them because they tried to get an education. frick them because there is someone on capital hill finally making an argument for the middle class. frick them because they are going to raise taxes on people who enjoy tax breaks, low interest products.

I do believe it is wrong for the federal government to profit off of its individuals. That's the fiscal conservative coming out in me.

lol, just lol

eta: particularly the bolded parts, and the notion of loans being the way the government "profits off of its individuals", but raising taxes on someone other than the poster is somehow not

This post was edited on 8/25/14 at 5:53 am

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Posted by NC_Tigah

Carolinas

Member since Sep 2003

124189 posts

Posted on 8/25/14 at 6:46 am to cjared036

quote:
The economy is partly to blame for student loan default rates.

Yes it is, and so some government redress could be justified. Not one that discourages repayment, or discounts penalties for nonpayment though.

Schools should also share major blame. If their graduates suffer significant unemployment in a field, they should at the least have to fully disclose the fact to students. Frankly, I'm with the Delaware Senator, schools should bear some portion of the financial burden.

But ultimately, burden of responsibility lies with the individual.
In this case with the student. Correct?
It is a burden which should be shouldered by those who chose to create it, not by those who did not.

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Posted by Taxing Authority

Houston

Member since Feb 2010

57393 posts

Posted on 8/25/14 at 9:31 am to cjared036

quote:
you assume everyone with student loans is some frick up with a worthless degree.

Nope. Never said that. I assume everyone that refuses to pay them back, and thinks someone else should pay it for them is an immature frick up. Huge difference.

quote:
The economy is partly to blame for student loan default rates.

The reason really is irrelevant.

But let's assume it was... If the economy was good... Would you support raising the amount borrowers have to pay back?

quote:
Lowering the interest rate will allow for more flexibility to pay back loans, allow a lot of these people to save money to buy houses and cars, allow them to move on with their life/find someone willing to marry them and their student loans

It is not the government'a job to ensure you do any of these things. It's not the governments job to ensure you have a house and a car. It's not governments job to ensure you find a wife/husband. It certainly isn't the job of "the rich" to solve these personal problems.

quote:
Oh but you think frick them because they tried to get an education.

Why should we reward failure? Secondly, no one is saying they should be punished for getting an education. They should face the consequences of keeping their promise to pay back the money. Why do you have a problem with honesty?

quote:
frick them because there is someone on capital hill finally making an argument for the middle class.

quote:
frick them because they are going to raise taxes on people who enjoy tax breaks, low interest products.

yeah. There are no tax benefits for "the poor" and "middle class"...

It still makes no difference.

The borrowers made a promise to pay the loans back. Why should "the rich" have to pay back--what someone else promised to pay back? They had NO participation in the transaction, no benefit, yet somehow have to pay for it? That doesn't seem "fair" to me.