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Why the taxpayers of course. Unless uncle sam is gonna garnish the wages of kids who are living in their parents basement who are still on their insurance looking for jobs that are now green and nowhere to be found. Just where the current fools in DC apparently wanted em to begin with.
"And while it is impossible using historical data to extrapolate with precision what the current consolidated federal student loan default rate is, we do know that there is now $914 billion in federal student loans (which also was mysteriously revised over 50% higher by the Fed just a month ago). Using simple inference, all else equal (and all else has certainly deteriorated), there is now at least $122 billion in federal student loan defaults. And surging every day."
It's going to be mighty difficult trying to garnishing the wags of someone who's only working part time and making $7.25/hr.
The goal is to write off this debt so they can start spending the measly money they earn to stimulate what's left of our economy.
I hope the government doesn't actually expect our students to pay back $1 Trillion in debt while it continues to ship off our living wage jobs to third word countries and allow illegal immigrants to take them for cents on the dollar.
It's going to be mighty difficult trying to garnishing the wags of someone who's only working part time and making $7.25/hr.
The goal is to write off this debt so they can start spending the measly money they earn to stimulate what's left of our economy.
I hope the government doesn't actually expect our students to pay back $1 Trillion in debt while it continues to ship off our living wage jobs to third word countries and allow illegal immigrants to take them for cents on the dollar.
It's the 0bama way. Wealth residstribution. He absolutely will forgive/bail out student loans. Mortgages are next. If he wins a second term, we'll all be living in government owned housing by the time it's over.
Wow -- everyone in this country gets a free house and a free top-notch college education if they simply don't chose to make payments on the loans they decided to take out.
It's the 0bama way. Wealth residstribution. He absolutely will forgive/bail out student loans. Mortgages are next. If he wins a second term, we'll all be living in government owned housing by the time it's over.
On the bright side, we'll all qualify for obamaphones !
This board is hilarious. I worked 55 billable hours this past week, and 60 every week since June. Never come here from work. Some people posts all day every day ... If they work they are stealing time from their employers by posting rants here. If they do not work, they are either rich people like mittens or in some social program getting money from the government. Yet all they do is complain complain and complain. During normal business hours.... Just ironic and hilarious.
Why the taxpayers of course. Unless uncle sam is gonna garnish the wages of kids who are living in their parents basement who are still on their insurance looking for jobs that are now green and nowhere to be found. Just where the current fools in DC apparently wanted em to begin with.
"And while it is impossible using historical data to extrapolate with precision what the current consolidated federal student loan default rate is, we do know that there is now $914 billion in federal student loans (which also was mysteriously revised over 50% higher by the Fed just a month ago). Using simple inference, all else equal (and all else has certainly deteriorated), there is now at least $122 billion in federal student loan defaults. And surging every day."
Yup. The taxpayers. The same suckers who are paying for the search for wmd`s that were never found.
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