Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
But here's the thing: None of that affects the people who already have student loan debt.
The key caveat is that it only affects students enrolling in 2014 or later.
Are you in college or recently out of college? Are you one of the many, many millennials who retreated into grad schools instead of braving a failing or mediocre economy? Well, you're out of luck then.
So what is it, exactly, that you want Obama to do about student loans? Do you want him to wave his magical executive order pen and make prior loans subject to current rules, contrary to the law?
Oh, I know what you want. You just want to ridicule and point out there are problems and blame them on Obama.
What the President did with regard to student loans was change it from a system where the banks would play heads we win, tails you lose. The banks charged students interest, which the banks kept. If the student defaulted, the U.S. paid the loan. The reform loans out government money and the interest belongs to the government. The risk is the same as the old system.
Yet these same idiots will vote for another "Obama" in 2016, assuring thier economic misery. It used to be that people voted for a POTUS that would help the nation. Now, idiots vote for a "leader" that will assure thier economic misery.
The very policies that Obama promotes are contrary to economic growth, which will provide jobs and thus get millenials out of thier parent's basements. Let's see............
1. lower corporate taxes
2. corporate consumption tax
3. lower income taxes
4. allow energy exploration on federal lands
5. stop the war on coal
6. repeal Obamacare
7. national right to work act
8. repeal/renegotiate NAFTA and China most favored nation trade status
9. force all EPA regulations to be passed through Congress
10. ban class action suits
11. national right to work act
12. balanced budget amendment
Gee...................... Obama is opposed to all of those things!
According to the article:
So what is it, exactly, that you want Obama to do about student loans? Do you want him to wave his magical executive order pen and make prior loans subject to current rules, contrary to the law?
Oh, I know what you want. You just want to ridicule and point out there are problems and blame them on Obama.
What the President did with regard to student loans was change it from a system where the banks would play heads we win, tails you lose. The banks charged students interest, which the banks kept. If the student defaulted, the U.S. paid the loan.
I know....blaming anything on Obama is not allowed and is in fact racist.
I don't want Obama to do anything with student loans. The government shouldn't be in the lending business.
You chose to skip this piece of it I see:
[quote]The question of interest was from a recent grad who is still stuck living with his parents, a situation endured by one in three Millennials. He wanted to know what the president planned to do about it.
Barry's handlers should know by now that he shouldn't speak without the teleprompter.......
Yet these same idiots will vote for another "Obama" in 2016, assuring thier economic misery. It used to be that people voted for a POTUS that would help the nation. Now, idiots vote for a "leader" that will assure thier economic misery.
The very policies that Obama promotes are contrary to economic growth, which will provide jobs and thus get millenials out of thier parent's basements. Let's see............
1. lower corporate taxes
2. corporate consumption tax
3. lower income taxes
4. allow energy exploration on federal lands
5. stop the war on coal
6. repeal Obamacare
7. national right to work act
8. repeal/renegotiate NAFTA and China most favored nation trade status
9. force all EPA regulations to be passed through Congress
10. ban class action suits
11. national right to work act
12. balanced budget amendment
Gee...................... Obama is opposed to all of those things!
Another words, the same policies that Republicans always propose, low taxes, low regulations and favor corporations over people. Not as if these things have been stellar successes when they were tried during the Bush Admin. I would note that a net of nearly 40 million jobs were added between 1980 and 2000, when taxes were much higher. You know what’s happened since then: lower tax rates and far lower job creation.
Another words, the same policies that Republicans always propose, low taxes, low regulations and favor corporations over people. Not as if these things have been stellar successes when they were tried during the Bush Admin. I would note that a net of nearly 40 million jobs were added between 1980 and 2000, when taxes were much higher. You know what’s happened since then: lower tax rates and far lower job creation.
What people don't get is that most businesses, especially medium to large businesses, don't spend that extra money they get from lower taxes on plants, equipment, and labor. They spend it on their current employees only, management, hedge funds, derivatives, etc. Nothing to expand their business operations, except in a foreign country. If high taxes and regulations were ingredients to a very failing economy, then why isn't ALL of Europe being crushed under 25-50% unemployment? Especially northern Europe which has the largest bureaucracies, most regulations, and the highest taxes in Europe? France, with its very strong labor movement, regulations, and high taxes, only has round abouts 10% unemployment, unlike low tax, lower regulation Ireland that doesn't have a labor movement anywhere near the French's? Why is that? Here's my reason: If you work hard and are motivated (right, you Libertarians? A phrase you love to use time and time again) you can run your own business and company anywhere. Also, if your country has something to offer, it doesn't matter what the business environment is like. Where would a multinational corporation base itself? In high tax, high regulation, high cost Paris or low tax, no regulation, very low cost Addis Ababa?
Desperate fools will always vote for the man that promises them the most.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It used to be that people voted for a POTUS that would help the nation. Now, idiots vote for a "leader" that will assure thier economic misery.
