wrong to saddle our children with our own debt. Maybe his idea of a fix is to get them all college degrees in the hope they can bail themselves out of our old debt, his new debt and their own debt as well.
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wrong to saddle our children with our own debt. Maybe his idea of a fix is to get them all college degrees in the hope they can bail themselves out of our old debt, his new debt and their own debt as well.
I see a lot of options here:
1. The government doesn't loan money to the students, but gives it as a present (free education, free housing, enough money to live)
2. Students don't loan anymore but start working next to their studies.
3. Only studens whose parents can pay for the study are allowed access to universities.
4. Allow less students. They won't get a job anyway.
What is your favorite option (could be another than one of these four) to lower those debts?
The DOW is up, by the way, because the 'markets' think the equities are worth it. I wonder if liberals dominate the market.
Kees
dominated the market since BO took office in a huge way. When you instruct your Treasury Dept to dump $83B per month into that market and keep interest rates near zero, the only people actually making money are the rich. There is no way 'normal' incomed people can play in that sandbox, especially since the liberals' caused them to lose their homes and income in 2007-2008.
I might be mistaken, but wasn't your GWB president in 2007-2008? BO started in 2009, after the 2008 elections. Luckily, the FED is actively reducing dumping money now (a big success for the Republicans, isnt it?).
And what's you solution for the student loan problems? And isn't it nice for them the interest rate is kept so low?
Kees
....needed areas of study. Some degrees offered are just crap paper so someone can claim a "college degree". For one thing drop all Liberal Arts loans after the first 2 years. If you need to be more Liberal or Artsy after a couple years, then do it on your own. I would like the loans to be based on degrees that will pay well for the person once they've graduated and become employed, or those needed for public service employees.
the people in charge of true reporting regarding the financial situation were all lying thru their teeth...Barney Frank in charge of Social Security and FannieMae/FreddieMac, Dodd in charge of bank regulations and lending rules, Tim Geithner (sp) in charge of the Fed/Wall Street in NYC, etc. Right up until everything fell apart in 2007 and 2008, they were reporting incorrect figures giving the administration the appearance that all was well..........then demanded that in order to fix it, TARP had to be instituted immediately. The housing situation was started in Clinton's terms and BO is again implementing the SAME bad policies that caused it to fall apart in less than 10 years. The radical left has been in the business of crashing this country financially for a long time, and it is attempting to double down on those same disastrous policies.
The solution for the student loan issues was to never have government take over that 'business' in the first place......government has NEVER been able to run a 'business' successfully and since the government has an asset/liabilities accounting system and can be considered to BE a business, it has failed miserably and any other 'corporation' would have folded long ago under that type of practice.