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Old 02-03-2013, 10:01 PM
 
Location: Tallahassee
305 posts, read 735,181 times
Reputation: 144

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[quote=chuckmann;28081259]
Quote:
Originally Posted by aquietpath View Post

Because Obama is President and thinks that the Federal Government exists to give money to the foolish and undeserving?

Who is deserving? The bank CEOs who tanked our economy. Because Bush had no problem helping them out. I think students are way more deserving than them.

By that is a really intelligent statement. This is why I think an education is important so people don't make ridiculous comments such as yours.
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Old 02-04-2013, 06:50 PM
 
Location: Metro Detroit, Michigan
11,920 posts, read 13,273,630 times
Reputation: 12663
Quote:
Originally Posted by tallahasseehero1 View Post
Education used to be a fraction of the cost it is now. Its funny to hear older people calling us the entitled generation while they put the burden of the recession on our backs.
It's expensive because everyone decided they simply must have a college degree or else. College tuition would have never ballooned without such fierce demand. So really, this is you and your peers fault. But I am dying to know how an entire generation hoisted the burden of a recession on your backs. This should be interesting to hear, especially coming from an educated young American. Guess we get to find out the results of all that tuition money...


Quote:
Originally Posted by tallahasseehero1 View Post
In a democratic society, education should be affordable and available.
It's so available that all you have to do is walk into a bank and get the loan to attend. That's why it's so expensive in the first place, or do they leave the "supply and demand" chapter out in econ 101? If you would like someone else to pay for it, that could be a possibility. Of course, that will mean YOU will be paying for it, along with everyone elses tuition while you're handing over +50% of your income in taxes. And guess what... You don't just get to go to college. If the government has any interest in getting a good ROI, you will be tested extensively before ever stepping foot onto a college campus. If it's the European "free ride" you're thinking of anyways. If you don't make the cut, you can still pay out of pocket, but then you'll be right back to complaining about the high cost of college.


Quote:
Originally Posted by tallahasseehero1 View Post
If we want to remain a superpower we are going to need a well-educated population. People need to realize that if students are in so much debt they are not going to be able to spend which is a driving force for growth.

So if it does continue to get worse and consumer spending stalls then maybe people will realize how stupid it is to cut education funding.
When I went to college, all I saw were young people with new cars, plenty of nice consumer products, tons of iphones, new cloths... Didn't look like they were impoverished to me. Perhaps they will have to rein in the spending, which has always been a fact of life. It doesn't grow on trees, which is why you must allocate it properly. That might include picking a less expensive college, working for a year to save money for college, working part time while attending college...

As a country, we do need educated people. We also need ditch diggers, crop pickers, janitors, and so on. Some folks are going to have to settle for these jobs. We also need auto mechanics, plumbers, construction workers... You can make a living in these occupations without any college education. You might not get rich doing these jobs, but you can make an honest living bringing in decent middle class money. I would love for you to explain to these honest workers that they should pay more taxes so you get to go to college. In many cases, these guys couldn't afford it when they were younger, but somehow, you are entitled to usurp their income to finance your 4 year vacation...

Not everyone needs to have a college degree. By the looks of the packed college campuses, our needs for college grads is being met adequately. Judging by the ballooning expenses, we might actually have too many folks attending, especially considering how many end up dropping out.
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Old 02-04-2013, 07:17 PM
 
Location: Metro Detroit, Michigan
11,920 posts, read 13,273,630 times
Reputation: 12663
[quote=tallahasseehero1;28081426]
Quote:
Originally Posted by chuckmann View Post


Who is deserving? The bank CEOs who tanked our economy. Because Bush had no problem helping them out. I think students are way more deserving than them.

By that is a really intelligent statement. This is why I think an education is important so people don't make ridiculous comments such as yours.
Actually, Obama has done far more to continue "business as usual" in the boardrooms of fortune 500 companies, as well as Wallstreet. He is also doing everything possible to flood the market with cheap migrant labor in which you must compete with. Expect wages to stagnate/decline, while taxes have nowhere to go but up.

And an explanation of how every CEO in America destroyed the economy would be awesome. Be sure to ignore how liberal democrats basically outlaws sane lending practices that would have prevented the subprime mortgage nightmare which destroyed the equity of countless middle class Americans.

Appearently, education is needed to produce the next generation of entitled, bleeding heart liberals without an ounce of common sense pertaining to basic economics. Of course, if you would like the government to pay for something, you can expect it's total cost to skyrocket. You might believe this is fine at first, because nobody is sending you the bill for your tuition. When your taxes begin to reflect these expenses however, you might begin to question your own previous logic. In the end, the only difference is who you owe the money to. And even then, the money simply goes to the same place in the end.
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Old 02-05-2013, 12:18 AM
 
5,767 posts, read 10,037,028 times
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I don't think an actual "bailout" is being proposed by anyone. The proposals are to allow students to restructure their debt through the normal bankruptcy process, which is currently (for the most part) forbidden.

Which means that if you pay or have paid your loans on time, you'd avoid the financial stain that a bankruptcy puts on your record.
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Old 02-05-2013, 02:41 AM
 
Location: Michigan
2,198 posts, read 2,153,275 times
Reputation: 2091
Quote:
Originally Posted by andywire View Post
Actually, Obama has done far more to continue "business as usual" in the boardrooms of fortune 500 companies, as well as Wallstreet. He is also doing everything possible to flood the market with cheap migrant labor in which you must compete with. Expect wages to stagnate/decline, while taxes have nowhere to go but up.
Deportations have increased every year under Obama and are currently at an all-time record. In 4 years, almost as many people have been deported under Obama as were deported under all 8 years Bush Jr was president. Net migration has decreased each of the last 4 years.

A conservative group ran Spanish-language ads in Nevada aimed at Hispanics during the election calling Obama "The Deporter-in-Chief." So which is it?

Whether or not immigration depresses wages of native-born workers is highly debatable as well. Economists disagree on the effects, and if it decreases wages it's most likely a very small effect and mostly towards low-skilled workers.

Immigrants generally fill jobs American workers aren't willing to do or that wouldn't exist if they weren't here to do them, or jobs that are in an area lacking an adequate supply of qualified American workers. Most are either low-skilled laborers in agricultural or service industries or highly-skilled H-1B visas specializing in a scientific area with a shortage of qualified American workers. Many of the rest work in ethnic restaurants and grocery stores, places unlikely to hire Americans, and places that wouldn't be in business with an immigrant population.

Immigrants make up ~75% of agricultural pickers. How many Americans would be willing (or even physically able) to pick asparagus 8 hours a day in 95F temperatures for $10 an hour? How much would asparagus cost if they had to pay Americans $15 an hour to pick it? How competitive would American growers be with imported crops without immigrant labor?

In actuality, ~10% of last year's asparagus crop was left in the field to rot because of a shortage of people willing to pick it.

http://seattletimes.com/html/localne...aragus26m.html

Quote:
Originally Posted by andywire View Post
Be sure to ignore how liberal democrats basically outlaws sane lending practices that would have prevented the subprime mortgage nightmare which destroyed the equity of countless middle class Americans.
Liberal Democrats like this guy?

“Some people look at subprime lending and see evil. I look at subprime lending and I see the American dream in action.” -Phil Gramm

Who vehemently fought Democratic legislation to rein in predatory lending, and who wrote a provision in the Commodity Futures Modernization Act to exempt derivatives, including credit default swaps, from regulation by the CTFC. He also helped write the Gramm-Leach-Bliley act that repealed Glass-Steagall.

Or maybe liberal Democrats like Alan Greenspan, who strongly opposed regulating derivatives and who set Fed interest rates at 1%, fueling the housing, stock, and commodity bubbles?

Or maybe this liberal Democrat, who pushed for increased lending and relaxed lending requirements by Fannie Mae and Freddie Mac for low-income borrowers and increased lending to minorities?

https://www.youtube.com/watch?v=CwPG-7FTkyM

Never mind that the role that Fannie Mae and Freddy Mac played in the subprime housing crisis was small. 84 percent of the subprime mortgages in 2006 were issued by private lending institutions. Of the top 25 subprime lenders in 2006 only one was subjected to the requirements of the Community Reinvestment Act. It was by far mostly the private institutions, which had gained a great deal of market share on the GSEs leading up to the housing crisis, that were responsible for most of the toxic loans.

There is a good article about that here: Fannie, Freddie, and the CRA are Not Responsible for the Financial Crisis - CBS News

Last edited by EugeneOnegin; 02-05-2013 at 02:53 AM..
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Old 02-05-2013, 11:10 AM
 
348 posts, read 358,915 times
Reputation: 318
As long as Government continues to subsidize student loans, cost of tuition will continue to rise.
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Old 02-05-2013, 11:34 AM
 
7,497 posts, read 9,294,064 times
Reputation: 7394
[quote=bobtn;28079545]
Quote:
Originally Posted by aquietpath View Post

It would be repulsive. Now I would allow the dropouts a chance to work it off, whether via military service, public works jobs, whatever..where automatically X percent of every paycheck went towards student loan debt, and where the government wrote off 50 cents for every dollar paid back, only at the end of each full year of work.
I like that.

Quote:
Originally Posted by Rubi3 View Post
Each generation has problems. I would never have taken out loans to go to college. If you did, you did it knowing it had to be paid back. So do it and stop whining. Just because you exist, doesn't mean a free college education. Life is NOT fair.
Just remember that should you die before getting any of the social security you paid into...
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Old 02-05-2013, 11:49 AM
 
Location: Seattle
1,362 posts, read 2,849,154 times
Reputation: 1453
Bailing out young people's student loan debt would be a far better investment than bailing out baby boomers real estate investments with all this endless QE.
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Old 02-05-2013, 11:52 AM
 
Location: USA
7,778 posts, read 9,626,173 times
Reputation: 11673
Quote:
Originally Posted by tallahasseehero1 View Post
Each generation should fix their own problems not pass them on to the next generation. The problem is for students who went to school when the recession hit they saw their funding drop dramatically while in school. That is pretty hard to predict and adapt to. In a democratic society, education should be affordable and available. If we want to remain a superpower we are going to need a well-educated population. People need to realize that if students are in so much debt they are not going to be able to spend which is a driving force for growth.

So if it does continue to get worse and consumer spending stalls then maybe people will realize how stupid it is to cut education funding.
Each generation should fix its own problems? When did that happen? How about not acquiring so much debt? You created your problem. Live on a lower scale and don't use so much money. Live frugally and see what it's like.
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Old 02-05-2013, 12:14 PM
 
24,511 posts, read 34,167,001 times
Reputation: 12779
We have a combination of students making bad decisions and the government providing grants & loans for higher education that is contributing to major problems in this nation:

1. Too many students with low quality higher education.
2. Debt that students are not paying off.

Reserve loans to those that show the highest competency in order to mitigate the risk of low ROI.
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