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Old 03-12-2012, 02:51 PM
 
23,838 posts, read 23,131,520 times
Reputation: 9409

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The decline of America, at the behest of our refusal to place a premimum on Personal Responsibility, is even steeper than we ever thought it could be in the United States of America. After 10 years of payments, federal student loans would be absorbed by taxpayers.

http://www.gpo.gov/fdsys/pkg/BILLS-1...12hr4170ih.pdf


I can't even wrap my head around this. What should be a complete outrage is complete numbness. How in the hell did we get here?
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Old 03-12-2012, 02:54 PM
 
12,906 posts, read 15,664,669 times
Reputation: 9394
I just read an article in the WaPo yesterday that student loans, faulty student loans, are the next economic bubble to burst. Won't be as bad as the housing situation, but close enough. So, this really doesn't surprise me.

How'd we get here? Same as with housing. Pushing the "American Dream". Everyone should own a home whether or not you can afford it and everyone should be able to go to college, not just rich folks. I guess when the economy is booming, neither sentiment is a bad thing--doesn't work so well when things fall apart.

Lending practices have just been too damn easy for about 15 years.
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Old 03-12-2012, 02:57 PM
 
Location: Virginia Beach
8,346 posts, read 7,046,395 times
Reputation: 2874
I really see nothing to rage or even be upset about in this.
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Old 03-12-2012, 02:58 PM
 
23,838 posts, read 23,131,520 times
Reputation: 9409
Quote:
Originally Posted by twinArmageddons View Post
I really see nothing to rage or even be upset about in this.
Of course you don't. You see nothing wrong with multiple abortions...so why should we believe you have a problem with absolving students of their legal responsiblity to pay their debts? Personal Responsibility is not your theme at all. In fact, your posts have shown that you despise PR.

America is doomed because of the lack of principle embraced by people that share your ideals.
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Old 03-12-2012, 02:58 PM
 
12,906 posts, read 15,664,669 times
Reputation: 9394
Quote:
Originally Posted by twinArmageddons View Post
I really see nothing to rage or even be upset about in this.
If you don't like bailouts...
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Old 03-12-2012, 02:59 PM
 
Location: Southcentral Kansas
44,882 posts, read 33,280,580 times
Reputation: 4269
Quote:
Originally Posted by AeroGuyDC View Post
The decline of America, at the behest of our refusal to place a premimum on Personal Responsibility, is even steeper than we ever thought it could be in the United States of America. After 10 years of payments, federal student loans would be absorbed by taxpayers.

http://www.gpo.gov/fdsys/pkg/BILLS-1...12hr4170ih.pdf


I can't even wrap my head around this. What should be a complete outrage is complete numbness. How in the hell did we get here?
We got here by the results of that fateful election of 2008 when the man who had promised students free college education was elected. Now he has to bring that promise to fruition to get that vote back. Anything to win an election is what politicians are willing to do and the voters aren't smart enough to know that we don't have the luxury of waiting 2 or 4 years to change the course that electing the wrong people starts us down.
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Old 03-12-2012, 02:59 PM
 
25,021 posts, read 27,942,602 times
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The Democrats are calling the GOP's bluff. They hope to exploit a no vote from the House GOP to try to motivate young people to vote for Obama again
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Old 03-12-2012, 02:59 PM
 
566 posts, read 958,545 times
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* takes out $100k for college*

* uses $100k to start business instead*

* not make a single payment*

*walk away from all debt within 10 years*

*laughs at taxpayers*
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Old 03-12-2012, 03:01 PM
 
Location: Maryland
18,630 posts, read 19,424,868 times
Reputation: 6462
The "New America" folks buckle up and enjoy the ride.
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Old 03-12-2012, 03:01 PM
 
5,915 posts, read 4,814,595 times
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Quote:
Originally Posted by twinArmageddons View Post
I really see nothing to rage or even be upset about in this.
You probably would if you just finished paying off your student loan.
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