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Old 02-11-2018, 05:30 AM
 
Location: NJ
23,530 posts, read 17,208,400 times
Reputation: 17557

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If legislators want to cancel loans they need to take money from other social programs or rescue cash from some of the grand boondoggles they created, that, through waste fraud or inefficiency lose taxpayer money. Consider loan forgiveness as paid with found money. You know they can do it.


The loans must be paid off to the lender.


The interest rates approach usuary and must be capped within reason


Then create a scale of median and average loan amounts, each level with a cap.


Gangs had been scamming college grants/loans, set up some members as a student get the cash and scram.


No new funds allocated to forgive loans.
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Old 02-11-2018, 05:36 AM
 
Location: Just over the horizon
18,453 posts, read 7,081,915 times
Reputation: 11699
Quote:
Originally Posted by pknopp View Post
Kinda late for that isn't it? Look at the recent arguments. "Tax cuts, tax cuts, tax cuts". How do we get the money back from Wall Street? It isn't through tax cuts. Where is the discussion about forcing them to pay their debts. The auto companies still owe us a ton of money.

Where are the arguments to make them pay it back?



Great. When do you think we will shut the Fed's doors?

You are arguing for something you know we aren't going to do, in large part because no one is making the argument.


You sign for a loan, you pay the loan.


But the government backing student loans are why tuition is so high in the first place.

Universities have a cash cow with guaranteed milk via the US taxpayers.

How's that cud?.
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Old 02-11-2018, 05:37 AM
 
Location: NE Ohio
30,419 posts, read 20,295,184 times
Reputation: 8958
Let's cancel everyone's credit card debt for the economy's sake. Would that make sense?
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Old 02-11-2018, 05:41 AM
 
Location: Dallas
31,290 posts, read 20,728,778 times
Reputation: 9325
Quote:
Originally Posted by FatBob96 View Post
You sign for a loan, you pay the loan.


But the government backing student loans are why tuition is so high in the first place.

Universities have a cash cow with guaranteed milk via the US taxpayers.

How's that cud?.
The government should have NO involvement in student loans.
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Old 02-11-2018, 05:42 AM
 
Location: Dallas
31,290 posts, read 20,728,778 times
Reputation: 9325
Quote:
Originally Posted by nononsenseguy View Post
Let's cancel everyone's credit card debt for the economy's sake. Would that make sense?
And mortgages too!
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Old 02-11-2018, 05:45 AM
 
Location: Dallas
31,290 posts, read 20,728,778 times
Reputation: 9325
Quote:
Originally Posted by pknopp View Post
Kinda late for that isn't it? Look at the recent arguments. "Tax cuts, tax cuts, tax cuts". How do we get the money back from Wall Street? It isn't through tax cuts. Where is the discussion about forcing them to pay their debts. The auto companies still owe us a ton of money.

Where are the arguments to make them pay it back?
Maybe you should start a thread on that topic.

Government should not be involved with loans at all and should NEVER bail out a business.

BTW, Obama said the auto companies did pay back their loans. But we know that's a lie.
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Old 02-11-2018, 05:52 AM
 
56,988 posts, read 35,179,016 times
Reputation: 18824
Quote:
Originally Posted by workingclasshero View Post
so then you '''should/could''' have possibly been an officer...and you would think that you would keep your military bearing and have more respect for the military...but since you always bash the military...It makes me wonder... you sound like a disgruntled employee ... did you get kicked out??? don't see many (if any at all) former military bashing the military as much as you unless they were chaptered out
Give me an example of where I bashed the military. Just one.

(Watch this)

LMAO...”it makes me wonder.” Please. I’m in your head like that?
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Old 02-11-2018, 06:03 AM
 
79,913 posts, read 44,167,332 times
Reputation: 17209
Quote:
Originally Posted by FatBob96 View Post
You sign for a loan, you pay the loan.
You buy a stock. If it does bad, you live with it.

Quote:
But the government backing student loans are why tuition is so high in the first place.

Universities have a cash cow with guaranteed milk via the US taxpayers.

How's that cud?.
That we have done away with the idea that you will be responsible for your losses if things go bad in the markets is a far bigger problem.
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Old 02-11-2018, 06:04 AM
 
79,913 posts, read 44,167,332 times
Reputation: 17209
Quote:
Originally Posted by Roadking2003 View Post
Maybe you should start a thread on that topic.

Government should not be involved with loans at all and should NEVER bail out a business.
Again, irrelevant. They did and few had a problem with it nor will they the next time. We are still doing it with the artificially low rates.

Quote:
BTW, Obama said the auto companies did pay back their loans. But we know that's a lie.
Yes we do but that has nothing to do with what I've said.
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Old 02-11-2018, 08:28 AM
 
Location: Here and now.
11,904 posts, read 5,582,296 times
Reputation: 12963
Quote:
Originally Posted by workingclasshero View Post
so then you '''should/could''' have possibly been an officer...and you would think that you would keep your military bearing and have more respect for the military...but since you always bash the military...It makes me wonder... you sound like a disgruntled employee ... did you get kicked out??? don't see many (if any at all) former military bashing the military as much as you unless they were chaptered out
I don't recall seeing him bash the military. I have seen him be pretty critical of some of the things certain administrations choose to do with the military, but that's different.
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