Under Sanders, income and jobs would soar, economist says (deaths, wealth, countries)

[LetsRock]

Originally Posted by pknopp

At 8% interest while bankers can get them at 0%.

The interest rate on my wife's loan is 3.9% and she is still in school. Also, the poorer you are the more your load is SUBSIDIZED by the government.

[duster1979]

Originally Posted by pknopp

At 8% interest while bankers can get them at 0%.

Federally guaranteed student loan rates are fixed at 4.29%.

[pghquest]

Originally Posted by pknopp

You stated you saw something. I replied in kind. It seemed to have worked.

I have yet to hear how creating UHC would cut health expenditures by 90%.. I'd like to hear you explain it.

[pghquest]

Originally Posted by pknopp

I have no idea what the exact numbers will be, just the same as you do not.

We can reform health care to where it is much less expensive. Yes, all will have to give a little up to get there but I'm O.K. with that.

It sure beats sending kids over to die for what I want.

I sure in hell am smart enough to know that turning healthcare over to the government isnt going to cut costs by 90%...

I'm assuming you're smart enough to know that as well

[pknopp]

Originally Posted by LetsRock

The interest rate on my wife's loan is 3.9% and she is still in school. Also, the poorer you are the more your load is SUBSIDIZED by the government.

As was the losses by the banks. The poor should be treated at least as well as corrupt bankers.

On the governments student loan website it lists rates between 4.3% and 6.9%.

We gave the bankers money AND then paid them interest on it.

[dman72]

Originally Posted by NewbieHere

When Bernie is president, I'm going to demand nursing home to be free, hell yes, it's about time boomers get to demand something. And 100% raise in Social Security, no income test. How's that millennials ?

You can't be serious....a baby boomer complaining about not being catered to. Talk about being hopelessly wrong.

[pknopp]

Originally Posted by duster1979

Federally guaranteed student loan rates are fixed at 4.29%.

Up to 6.9%. Bankers got it for NOTHING and now.want to be able to take our money with a negative interest rate attached.

[pknopp]

Originally Posted by pghquest

I sure in hell am smart enough to know that turning healthcare over to the government isnt going to cut costs by 90%...

I'm assuming you're smart enough to know that as well

That's not what was said. What he said was costs to consumers. Yes we can greatly cut those costs.

[MTAtech]

Originally Posted by Blondy

Oh get real, do you really think the kid who might cure cancer is making a career out of flipping burgers or stocking shelves?


No, they are busy doing whatever is necessary to unleash their own potential.

You know this, how?

[MTAtech]

Originally Posted by LetsRock

People should not spend one dime of their money until their 401K or other retirement account is fully funded and they have six months of living expenses saved up. They should not be blowing any savings on a new TV or vacation trying to stimulate the economy.

At one level this is, of course, true. But left there without further elaboration, it is deeply misleading, especially right now. For the essence of what’s happening now, the key to understanding the mess this can create, is that sometimes the economy is not like a household, that our individual choices sometimes lead to outcomes that are in nobody’s interest.

In particular, when you have economy-wide deleveraging, when everyone is trying to save his or her income, so as to pay down debt or for a rainy day, you have a fundamental adding-up problem. Remember, my spending is your income, and your spending is my income, so if both of us try to spend less at the same time, what we end up achieving is mutual impoverishment.

Ah, you say, but the price mechanism will take care of that. Indeed: in normal times interest rates rise or fall to match desired spending to the economy’s productive capacity. But what if the interest rate needed to achieve this outcome is negative? Well, that can’t happen, so when the deleveraging shock is big enough, the economy goes into a depression.