SoCal Deek Posted August 31, 2022 Share Posted August 31, 2022 18 minutes ago, SectionC3 said: I don’t disagree with you. The whole thing is ridiculous. Go to a state school and work your way up and pay off your own loans, like I did. I have no interest in paying for people who went to Ivy League flunky schools and then realized that they overbought and got stuck and can’t live the life that mommy and daddy gave them and now want a bailout. Get a second job, cut the cable, buy a used phone, whatever. A little frugality goes a long way. I can stomach what Biden did because it will help working people—like with trade school debt—and African Americans who, by and large, don’t get as much family assistance with tuition. But any more than this is a non-starter for me. And, on the price of college, I completely agree with the sentiment that it’s a scam and that lenders frequently get caught holding the bag when dumb kids have been gouged by places like Colgate and the University of Phoenix. But free markets are free markets and, unless those institutions have engaged in a fraud, I don’t believe that the government should cap the cost of higher education. Improve the state systems as needed to make them better and perhaps larger? Sure. But if Colgate can get what Colgate charges, as much as I think it’s a rip off, it should be entitled to do so. You and I aren’t far off. Where I differ is if you want the government to pay for things then it has to be on a go forward basis. Those that took out loans knew that they were taking them. Why not just refinance the terms to a lower interest rate or a longer term? Better lessons will be learned! 1 Link to comment Share on other sites More sharing options...
SectionC3 Posted August 31, 2022 Share Posted August 31, 2022 2 minutes ago, SoCal Deek said: You and I aren’t far off. Where I differ is if you want the government to pay for things then it has to be on a go forward basis. Those that took out loans knew that they were taking them. Why not just refinance the terms to a lower interest rate or a longer term? Better lessons will be learned! I think you’re right. I can tolerate what’s happened so far, although I’m not thrilled by it. Your approach (totally reasonable, by the way) is to apply “subsidy” to interest rates, namely, pay the principal but at a lower rate financed in part or guaranteed by the government. Absolutely a fair way to do it. Link to comment Share on other sites More sharing options...
Chef Jim Posted August 31, 2022 Share Posted August 31, 2022 1 hour ago, SectionC3 said: Hoax. I never called you a racist. Also, instead of beating around the bush with your secret, non-socialistic plan, maybe you could tell us what it is. Until then, have fun aligning with the commies. So Chef Jim Crow is a term of endearment. And there you go. A good lawyer asks good questions before arriving at a conclusion. Try it sometime. 1 Link to comment Share on other sites More sharing options...
SectionC3 Posted August 31, 2022 Share Posted August 31, 2022 12 minutes ago, Chef Jim said: So Chef Jim Crow is a term of endearment. And there you go. A good lawyer asks good questions before arriving at a conclusion. Try it sometime. Hoax. Chef Jim Crow reflects your support of a racist policy. It doesn’t mean that you’re a racist, or that I have characterized you as such. Only you have called yourself a racist. Kind of like acting like an idiot, but not actually being an idiot. Something that’s best to be avoided. 1 Link to comment Share on other sites More sharing options...
Tiberius Posted August 31, 2022 Share Posted August 31, 2022 Went to lunch today with some hard working people. They were talking about saving thousands (One had $24k taken off, the other 32K) and I say good for them! If we are going to funnel money to Iowa conservatives for ethanol, why not help out the people that improved their human capital and are making this country work. College grads, the backbone of the nation! 🇺🇸 🕺 1 Link to comment Share on other sites More sharing options...
sherpa Posted August 31, 2022 Share Posted August 31, 2022 (edited) 14 minutes ago, Tiberius said: Went to lunch today with some hard working people. They were talking about saving thousands (One had $24k taken off, the other 32K) and I say good for them! If we are going to funnel money to Iowa conservatives for ethanol, why not help out the people that improved their human capital and are making this country work. College grads, the backbone of the nation! 🇺🇸 🕺 I "worked pretty hard." So did my wife. We worked "pretty hard" as officers in the US military. We paid back our student loans and never once thought of some way to avoid those promised responsibilities. But, this is the Biden Administration. so I agree. Let's subsidize an industry that has inflated costs far beyond any economic measure for well over a decade, without any justification or reasonable comparison. Let's remove any promissory note given to the American taxpayer, and say it isn't valid. Let's allow the American taxpayer to bear the burden of failure to comply with legal promises. Let's do it all to get votes, and far, far away from the Legislative process, which allows our representatives to decide. What a great day for America! Edited August 31, 2022 by sherpa 2 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 31, 2022 Share Posted August 31, 2022 2 hours ago, SectionC3 said: I think you’re right. I can tolerate what’s happened so far, although I’m not thrilled by it. Your approach (totally reasonable, by the way) is to apply “subsidy” to interest rates, namely, pay the principal but at a lower rate financed in part or guaranteed by the government. Absolutely a fair way to do it. You touched on it up above. If the government wants to reduce the cost of college then subsidize or reduce the cost of PUBLIC universities and colleges. This is exactly what’s done with K12 education. It makes literally zero sense to forgive selective loans. 2 Link to comment Share on other sites More sharing options...
SectionC3 Posted August 31, 2022 Share Posted August 31, 2022 25 minutes ago, Tiberius said: Went to lunch today with some hard working people. They were talking about saving thousands (One had $24k taken off, the other 32K) and I say good for them! If we are going to funnel money to Iowa conservatives for ethanol, why not help out the people that improved their human capital and are making this country work. College grads, the backbone of the nation! 🇺🇸 🕺 I don’t disagree with the point about equity, either. It gets us all to a difficult conversation about what should and should not be subsidized. I think Deek hits on a good plan for the college issue — apply the subsidy to funding of public college education, rather than to outright forgiveness (I acknowledge that the forgiveness may operate more on interest than in principal). On the flip side, I don’t want to hear “conservative” farmers whining about socialism when they’re the take on their own right. I’m totally with you there. Link to comment Share on other sites More sharing options...
GaryPinC Posted August 31, 2022 Share Posted August 31, 2022 I've heard left-supporting people cry about how Bush and Congress "gave away" 700 Billion to auto, banks and housing through the TARP program so why not student loans? https://www.thebalance.com/tarp-bailout-program-3305895 "Why TARP Didn't Cost Taxpayers As of 2018, TARP didn't cost the taxpayers anything. Instead, the Treasury received $3 billion more than the $439.6 billion it disbursed. Of that, $376.4 billion was repaid by the banks, auto companies, and AIG. The U.S. Treasury made a profit of $66.2 billion from these companies because it bought shares of the companies when prices were low and sold them when prices were high. The Treasury made $5 billion on its TARP fund investment in AIG alone.8 The programs targeted to help homeowners allocated $37.4 billion. As of September 2018, they spent $27.9 billion. These funds were never meant to be repaid. The TARP program quickly turned around the banking industry. In May 2009, Fed Chair Ben Bernanke said that the results of the banking system's "stress tests" were encouraging. The tests found that nine of the country's 19 largest banks did not need to raise additional capital, nor did they need to offset future write-downs of the toxic mortgage-backed securities. In fiscal year 2010, the banks paid back $110 billion and another $38 billion in FY 2011. TARP provided a surplus to the budget in those two years as banks paid back the bailout." Sadly many Dems (especially far left) will never understand the difference between giving away free money and alleviating financial burden/crisis but with accountability. They could have done so much with reducing/eliminating interest rates early in the loan then raising them every two years. Keeping the rate low for reliable payments, setting up a public service projects volunteer program that goes towards reducing ed. loan debt without having to be hired in to the sector. Empower people, you left wing idiots. Wait till DOE loan payments start again next year and the faux morons will start crying because they didn't realize interest continued to accrue during the moratorium. Link to comment Share on other sites More sharing options...
GaryPinC Posted August 31, 2022 Share Posted August 31, 2022 3 hours ago, SectionC3 said: I don’t disagree with you. The whole thing is ridiculous. Go to a state school and work your way up and pay off your own loans, like I did. I have no interest in paying for people who went to Ivy League flunky schools and then realized that they overbought and got stuck and can’t live the life that mommy and daddy gave them and now want a bailout. Get a second job, cut the cable, buy a used phone, whatever. A little frugality goes a long way. I can stomach what Biden did because it will help working people—like with trade school debt—and African Americans who, by and large, don’t get as much family assistance with tuition. But any more than this is a non-starter for me. And, on the price of college, I completely agree with the sentiment that it’s a scam and that lenders frequently get caught holding the bag when dumb kids have been gouged by places like Colgate and the University of Phoenix. But free markets are free markets and, unless those institutions have engaged in a fraud, I don’t believe that the government should cap the cost of higher education. Improve the state systems as needed to make them better and perhaps larger? Sure. But if Colgate can get what Colgate charges, as much as I think it’s a rip off, it should be entitled to do so. Well, the for-profits do engage in a fraud that is very hard to prove. They target inner-city and economically disadvantaged kids who don't have the education and study habits to be successful at college. But they sell them the hope of a college education and string them along for a year or two to get the max federal loans and when they inevitably flunk out, the school has our taxpayer money and the former students all the debt. Link to comment Share on other sites More sharing options...
Chef Jim Posted August 31, 2022 Share Posted August 31, 2022 2 hours ago, SectionC3 said: Hoax. Chef Jim Crow reflects your support of a racist policy. It doesn’t mean that you’re a racist, or that I have characterized you as such. Only you have called yourself a racist. Kind of like acting like an idiot, but not actually being an idiot. Something that’s best to be avoided. I supported the GA voter bill? My contention the whole time was it was not based in racism which you were never able to "prove" that it was. As I've stated before counselor. You really suck at this. Carry on Hoaxmeister. 1 Link to comment Share on other sites More sharing options...
SectionC3 Posted August 31, 2022 Share Posted August 31, 2022 30 minutes ago, Chef Jim said: I supported the GA voter bill? My contention the whole time was it was not based in racism which you were never able to "prove" that it was. As I've stated before counselor. You really suck at this. Carry on Hoaxmeister. Hoax. You supported the Georgia bill. Probably now support the Georgia law. Denying people standing in line to vote the “privilege” of water. Sick. 1 Link to comment Share on other sites More sharing options...
Chef Jim Posted August 31, 2022 Share Posted August 31, 2022 (edited) 3 minutes ago, SectionC3 said: Hoax. You supported the Georgia bill. Probably now support the Georgia law. Denying people standing in line to vote the “privilege” of water. Sick. I have a question for you. Does the bill state which race of people would be denied water? I assume, based on your logic, buses and subways are often racists. Sucking big time Hoaxman. Edited August 31, 2022 by Chef Jim Link to comment Share on other sites More sharing options...
Tiberius Posted August 31, 2022 Share Posted August 31, 2022 1 hour ago, sherpa said: I "worked pretty hard." So did my wife. We worked "pretty hard" as officers in the US military. We paid back our student loans and never once thought of some way to avoid those promised responsibilities. But, this is the Biden Administration. so I agree. Let's subsidize an industry that has inflated costs far beyond any economic measure for well over a decade, without any justification or reasonable comparison. Let's remove any promissory note given to the American taxpayer, and say it isn't valid. Let's allow the American taxpayer to bear the burden of failure to comply with legal promises. Let's do it all to get votes, and far, far away from the Legislative process, which allows our representatives to decide. What a great day for America! So basically this is the end pf the world as we knew it Link to comment Share on other sites More sharing options...
leh-nerd skin-erd Posted August 31, 2022 Share Posted August 31, 2022 (edited) 1 hour ago, Tiberius said: Went to lunch today with some hard working people. They were talking about saving thousands (One had $24k taken off, the other 32K) and I say good for them! If we are going to funnel money to Iowa conservatives for ethanol, why not help out the people that improved their human capital and are making this country work. College grads, the backbone of the nation! 🇺🇸 🕺 Hard working folks take loans. Hard working folks prefer not to pay the loans. Hard working folks catch the break thrown their way by Presidential intervention. Hard working folks immediately celebrate emancipation from obligation with booze-fueled over-priced lunch with liberal hipster friend. Just listening to their story, it's like 1929 all over again. #thestruggleisreal Edited August 31, 2022 by leh-nerd skin-erd 1 1 Link to comment Share on other sites More sharing options...
Tiberius Posted August 31, 2022 Share Posted August 31, 2022 1 minute ago, leh-nerd skin-erd said: Hard working folks take loans. Hard working folks prefer not to pay the loans. Hard working folks catch the break thrown their way by Presidential intervention. Hard working folks immediately celebrate emancipation from obligation with booze-fueled over-priced lunch with liberal hipster friend. Just listening to their story, it's like 1929 all over again. #thestruggleisreal Oh ya! 1929 again. I guess since Obamacare didn't end the world...yet...this is the new hobgoblin of the nutty right Link to comment Share on other sites More sharing options...
sherpa Posted August 31, 2022 Share Posted August 31, 2022 19 minutes ago, Tiberius said: So basically this is the end pf the world as we knew it Not sure what this really means. No surprise there. Sticking debt to the American taxpayer is common. Doing it in an industry that has absolutely no justification for it's out of economic reality inflation based on any measurable quant is nothing more than vote buying outside of the legislative process. It's a disgraceful bribe that we are paying for, and nothing more. Link to comment Share on other sites More sharing options...
Chef Jim Posted August 31, 2022 Share Posted August 31, 2022 5 hours ago, SoCal Deek said: Thanks Chef! I’m having a blast. I now get to do what I want to do and only when I want do it. May be heading out your way for the weekend. A few days in the pool sounds great! 😎 Great time to head to the desert. Shouldn’t be too hot. 😂😂😂 People think I’m crazy. I live outside. I’m outside now and we’re hitting 115-120 today. I’m I have the ideal situation. I work “full time” two months a year and the other 10 I’m available if needed which is pretty much never. Gives me a decent amount of additional spending money most of which goes to our travel budget. 2 weeks booked in the British Virgin Islands for next year and that’s only half the budget. Link to comment Share on other sites More sharing options...
leh-nerd skin-erd Posted August 31, 2022 Share Posted August 31, 2022 (edited) 30 minutes ago, Tiberius said: Oh ya! 1929 again. I guess since Obamacare didn't end the world...yet...this is the new hobgoblin of the nutty right Nothing has ended the world, Tibs, yet you opine as much as anyone. I'm just glad you and your friends got out of the coal mine for lunch. Btw--I'm not certain is REM took the PPP loan option or not. I'll do some digging. https://variety.com/2020/biz/news/guns-n-roses-eagles-pearl-jam-ppp-loans-1234700398/ Edited August 31, 2022 by leh-nerd skin-erd Link to comment Share on other sites More sharing options...
Tiberius Posted August 31, 2022 Share Posted August 31, 2022 30 minutes ago, sherpa said: Not sure what this really means. No surprise there. Sticking debt to the American taxpayer is common. Doing it in an industry that has absolutely no justification for it's out of economic reality inflation based on any measurable quant is nothing more than vote buying outside of the legislative process. It's a disgraceful bribe that we are paying for, and nothing more. You are saying higher education has no justification something, something...huh? 11 minutes ago, leh-nerd skin-erd said: Nothing has ended the world, Tibs, yet you opine as much as anyone. I'm just glad you and your friends got out of the coal mine for lunch. Btw--I'm not certain is REM took the PPP loan option or not. I'll do some digging. https://variety.com/2020/biz/news/guns-n-roses-eagles-pearl-jam-ppp-loans-1234700398/ But your 1929 reference? Like we are about to fall off a cliff. Link to comment Share on other sites More sharing options...
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