Obama's November surprise

[T. A. Gardner]

Obama has quietly been putting in place a plan to forgive a big chunk of student loans. Well, the bill's come due and American taxpayers are getting stuck with roughly $108 Billion in bad student debt from it.

http://www.msn.com/en-us/news/us/the...cid=spartandhp

Barack Obama’s expansion of the student-loan repayment program, intended to help curb America’s $1.26 trillion pile of outstanding college debt, is proving a lot more costly.
In a 100-page report (pdf) released today, the Government Accountability Office said it’d forgive $108 billion in debt for the borrowers of government loans who have fulfilled their obligations under the Obama administration’s income-driven repayment plans. That number is much higher than what the US government originally expected.

One more bend over and take it from the emperor of bend over and take it.

[wolfhnd]

But you are a privileged, whitemale, patriarch, shame on you for your lack of sensitivity to the disadvantaged.

I wonder if Obama could explain the difference between money and wealth. Those that can do and those that can't make excuses. Or become community organizers and politicians.

[T. A. Gardner]

But you are a privileged, whitemale, patriarch, shame on you for your lack of sensitivity to the disadvantaged.

That's me just another



Bah, humbug!

I wonder if Obama could explain the difference between money and wealth. Those that can do and those that can't make excuses. Or become community organizers and politicians.

No. He also couldn't tell you what the time value of money theory is either. Pretty obvious when he said "You didn't make that!" about entrepreneurs. He obviously thinks the government is the fount of all wealth since it prints the money...

[wolfhnd]

The latest social justice myth I have seen is that slaves made the U.S. wealthy. How they explain the concentration of wealth in the North comes down to another myth that bankers create wealth. While there is little doubt that the Northern banks exploited the Southern dependence on agriculture that does not explain why the South failed to develop it's infrastructure when it was clear it was falling behind. Without slavery it is likely that the South would never have become so dependent on agriculture in the first place. The story illustrates that the sins of our fathers have economic consequences and that immortality in the long run is costly. It also shows the limitations of libertarian principles that under estimates the economic value of limited federalism.

[T. A. Gardner]

The latest social justice myth I have seen is that slaves made the U.S. wealthy. How they explain the concentration of wealth in the North comes down to another myth that bankers create wealth. While there is little doubt that the Northern banks exploited the Southern dependence on agriculture that does not explain why the South failed to develop it's infrastructure when it was clear it was falling behind. Without slavery it is likely that the South would never have become so dependent on agriculture in the first place. The story illustrates that the sins of our fathers have economic consequences and that immortality in the long run is costly. It also shows the limitations of libertarian principles that under estimates the economic value of limited federalism.

Yea, that's why the Confederacy went broke early in the Civil War... They had too much money...

[Arnold J Rimmer]

Obama has quietly been putting in place a plan to forgive a big chunk of student loans. Well, the bill's come due and American taxpayers are getting stuck with roughly $108 Billion in bad student debt from it.

http://www.msn.com/en-us/news/us/the...cid=spartandhp



One more bend over and take it from the emperor of bend over and take it.

In the long run this may be a good thing by getting the Feds to cut back the student loan program to smaller amounts, and to limit it to students who are entering economically viable fields.

[Combat Engineer]

Obama has quietly been putting in place a plan to forgive a big chunk of student loans. Well, the bill's come due and American taxpayers are getting stuck with roughly $108 Billion in bad student debt from it.

http://www.msn.com/en-us/news/us/the...cid=spartandhp



One more bend over and take it from the emperor of bend over and take it.

Read the article again and try to get the actual facts straight. You failed in the OP.

[TactiKill J.]

Just wait till Trump's January surprise when he's telling universities who they can and can't accept.