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Support the Student Loan Forgiveness Act (SIAP)

  • WixomSpartan said...

    I must have missed the discussion. Please post links pointing out that taxpayer bailouts are leading businesses to assume more risk and therefore leading to more taxpayer bailouts. TIA thumbsup

    For real? You think you're the first genius who figured out that bailing out failing companies creates moral hazard? Seriously? lol

    This post has been edited 2 times, most recently by Yo Teach on 4/24/2012 at 10:14 PM

    Let me google that for you

    For all those people who find it more convenient to bother you with their question rather than google it for themselves.

    bit.ly
    signature image signature image

    Yo Teach

  • I know several people my oldest went to school with (HS and undergrad) who went on to grad school and have taken jobs in distressed areas in inner city clinics, VA hospitals and some out in Indian reservations as Social Workers, Psychologists, PA's and Nurse Practioners to get big chunks of their student debt forgiven. But they trade choic of where to live and lower wages than they might get elsewhere.

    GRR Spartan

  • So you want me to pay for your student loans now too? I have an idea. NO.

    Compound 2

  • This is going to be awesome, I got lots of big bills from my expensive religious affiliated college!

    b0b

  • Tony Fazoli said...

    I think you may be out of touch a bit.

    People who are currently in their 20s don't have parents in their 40s. I'm in my mid 20s(so not really Gen X), and my father recently turned 60. The vast majority of my peers have parents between the ages of 55-60 as well.

    There are a great number of people who retained pensions and everything while the younger workers were laid off. These are the people who will drain social security and the coffers of many companies on the way out, while younger workers keep making small salaries and are unable to purchase their assets from them. The boomers are currently fucking up the system in a big way, and things are going to be difficult to come away from.

    Well I'm in my mid 30's and my dad hasn't reached 60 yet. Guess it all depends when people start having kids huh?

    MSULordyoda

  • lol, for the 800th time, I didn't create this thread so people would be paying for my debts. I'm a realist and I'm also not one to rely on others, especially in regards to finances. Am I struggling more than I would like? Sure. But I did recently get a new job and hopefully it will help me continue forward in the right direction. This entire thread was more to promote awareness of a growing problem that is A) how expensive college costs and B) how college tuition impacts other markets of the United States, such as housing. I didn't expect it to be this controversial.

    I did catch some snippets of Obama's speech at UNC yesterday, and he did say the Stafford Loans would double on July 1 if Congress didn't vote against it. That should be interesting, as Obama has said that education (and especially college education) is among his top priorities.

    Obama campaign targets Romney over student loans

    (CNN) -- President Barack Obama's re-election team came out with a new web video on Wednesday, accusing rival Mitt Romney of pandering on student loans. The video, Mitt Romney vs.

    politicalticker.blogs.cnn.com

    Families Study Plan B With Possible Stafford-Loan Rate Spike - WSJ.com

    The rates on popular federal student loans could shoot up before the next academic season, depending on the outcome of a political battle brewing in Washington.

    online.wsj.com

    What is that, a Titleist? A hole in one...

    Cosmo_Kramer

  • Cosmo_Kramer said...

    lol, for the 800th time, I didn't create this thread so people would be paying for my debts. I'm a realist and I'm also not one to rely on others, especially in regards to finances. Am I struggling more than I would like? Sure. But I did recently get a new job and hopefully it will help me continue forward in the right direction. This entire thread was more to promote awareness of a growing problem that is A) how expensive college costs and B) how college tuition impacts other markets of the United States, such as housing. I didn't expect it to be this controversial.

    One of the reasons college is so expensive is because the government keeps offering more loans and subsidies. What would happen to the price of cars if the government started offering 30 grand of loans and subsidies to anyone who wanted to buy a car?

    Compound 2

  • Tony Fazoli said...

    I think you may be out of touch a bit.

    People who are currently in their 20s don't have parents in their 40s. I'm in my mid 20s(so not really Gen X), and my father recently turned 60. The vast majority of my peers have parents between the ages of 55-60 as well.

    There are a great number of people who retained pensions and everything while the younger workers were laid off. These are the people who will drain social security and the coffers of many companies on the way out, while younger workers keep making small salaries and are unable to purchase their assets from them. The boomers are currently fucking up the system in a big way, and things are going to be difficult to come away from.

    No, I simply pointed out that the poster was incorrect when he said the Greatest Generation created Social Security. It wasn't. It was the generation that preceeded it. People in their 50's and 60's are Boomers and it was the Boomers grandparents generation that created Social Security. Thus it was the great-grandparents, not the grandparents.

    And the Boomers are not fucking up the system. You are listening to to much right wing propaganda. The system is perfectly sound and the Boomer generation was factored in when the system was created. The system won't be drained, but in 25 or so years present benefit payments will be reduced unless funding is restored to the levels that are required. This fix is very simple. It means restoring the 6.2% level, and lifting the earnings cap from it's present level and applying it to all income levels at the same rate. Is it fair that a person making 100k pays 6% while a person making a million pays .06%, yet both are fully, and fairly entitled to the same payout? I don't favor means testing, just that those that make more pay their fair share.

    And as a GenY'er, you are a member of the true 'entitlement' generation. We Boomers learned the value of work, you haven't.

    Madhatter536 ●

  • Madhatter536 said...

    No, I simply pointed out that the poster was incorrect when he said the Greatest Generation created Social Security. It wasn't. It was the generation that preceeded it. People in their 50's and 60's are Boomers and it was the Boomers grandparents generation that created Social Security. Thus it was the great-grandparents, not the grandparents.

    And the Boomers are not fucking up the system. You are listening to to much right wing propaganda. The system is perfectly sound and the Boomer generation was factored in when the system was created. The system won't be drained, but in 25 or so years present benefit payments will be reduced unless funding is restored to the levels that are required. This fix is very simple. It means restoring the 6.2% level, and lifting the earnings cap from it's present level and applying it to all income levels at the same rate. Is it fair that a person making 100k pays 6% while a person making a million pays .06%, yet both are fully, and fairly entitled to the same payout? I don't favor means testing, just that those that make more pay their fair share.

    And as a GenY'er, you are a member of the true 'entitlement' generation. We Boomers learned the value of work, you haven't.

    You boomers haven't learned shit. A generation of stubborn curmudgeons resistant to change, and intent on taking the whole system down with them on the way out. By the time the boomers die off, the government will have seized 75% of the economy.

    Look at how ridiculous the loan repayment schedules are currently, and how it is in no way sustainable.

    signature image

    The Grimace

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