Government Taking Control of Student Loans

Re: Government Taking Control of Student Loans

PostBy: rberq On: Fri Sep 18, 2009 6:55 pm

lowfog01 wrote:we’ve seen the government take over a large part of the car manufacturing segment of our economy, we’ve seen the government take over financial institutions

Well, let's remember that the auto executives came to Washington begging for the money to see them through a tight spot. The tight spot was brought on by their own irresponsible behavior -- did you see Toyota and Honda and Nissan begging for help? Personally, I would be some p*ssed off if my tax payments went to these clowns without some stipulations as to how they were used. I see no evidence that the government took over nearly as much as should have been taken over.

Many financial institutions have repaid their bailout loans. They are doing so as fast as they can, so as to return to the unregulated and irresponsible practices to which they were accustomed. Just two days ago, I heard economists estimating the "true" cost of the bailouts, and I was astounded at how low the totals were. In spite of the trillions of dollars in play, the net cost to taxpayers, after repayments, was said to be a couple hundred billion. Balanced against the potential cost of the looming recession / depression, that's dirt cheap. Would the economy have recovered without government intervention? I don't know. But maybe, just maybe, our government did something approximately right this time. And don't blame it on Obama or give him all the credit either -- it was all put in motion by Bush and Company, and continued under Obama.
rberq
 
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Re: Government Taking Control of Student Loans

PostBy: rberq On: Fri Sep 18, 2009 7:14 pm

lowfog01 wrote:You actually think you have any say over your child in a public school setting. I take it you've never had a run in with the elected school board of your district ... They control the purse, just as the government will control the purse for higher education ... That’s how I became a K-12 homeschooling parent of 3 very successful young adults.

Totally agree with you on the public school issue, Lisa, and I applaud the dedication and effort it must have required to home school three children for all those years. My wife home-schooled one, for one year, and when we turned in the required report on what had been done in that one year, it should have made school officials hang their heads in shame by comparison to their curriculum. Except I'm sure there was no shame, because they would have to care to be ashamed.

On the college loan program: the practical effect will be to discontinue the excessive fees that flowed directly and indirectly to banks for managing and servicing these loans. The loans themselves were already regulated in terms of how large they could be, whether colleges were accredited, age of student, financial needs, and on and on and on. I really and truly don't think that will change. And I think banks make enough money without my tax dollars subsidizing them that way.
rberq
 
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Re: Government Taking Control of Student Loans

PostBy: jpete On: Fri Sep 18, 2009 7:37 pm

ErikLaurence wrote:
lowfog01 wrote:
As for the accusation of paranoia, how many times do you have be run over by the bus before you start to approach the corner with caution.


I just find it interesting that so many people only realized there was a bus coming on January 20, 2009.

Where were the fiscal conservatives when we borrowed a trillion dollars from the chinese to free the iraqi people?


I was at the Boston Tea Party in December '07 and the Freedom March in D.C. in '08.

Where were you?
jpete
 
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Re: Government Taking Control of Student Loans

PostBy: jpete On: Fri Sep 18, 2009 7:41 pm

rberq wrote: Many financial institutions have repaid their bailout loans.


Really? And where, pray tell, did all this income magically appear from to pay off a couple billion in handouts? Real unemployment is about 20%, consumer spending is down, consumer credit is off about $25 TRILLION so where oh where did these dollars come from?

rberq wrote: But maybe, just maybe, our government did something approximately right this time. And don't blame it on Obama or give him all the credit either -- it was all put in motion by Bush and Company, and continued under Obama.


Don't fool yourself into thinking the government does anything right. It's a contradiction in terms. Like military intelligence and jumbo shrimp. :D
jpete
 
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Re: Government Taking Control of Student Loans

PostBy: ErikLaurence On: Fri Sep 18, 2009 8:08 pm

jpete wrote:
ErikLaurence wrote:
lowfog01 wrote:
As for the accusation of paranoia, how many times do you have be run over by the bus before you start to approach the corner with caution.


I just find it interesting that so many people only realized there was a bus coming on January 20, 2009.

Where were the fiscal conservatives when we borrowed a trillion dollars from the chinese to free the iraqi people?


I was at the Boston Tea Party in December '07 and the Freedom March in D.C. in '08.


You seem way more libertarian than most here.

There are a lot of born again civil libertarians kicking around.

It was OK when GWB was trashing the 4th amendment. If one didn't oppose the "patriot" act then whining now about loss of rights seems partisan and suspect.
ErikLaurence
 
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Re: Government Taking Control of Student Loans

PostBy: mikeandgerry On: Fri Sep 18, 2009 10:44 pm

ErikLaurence wrote:
mikeandgerry wrote:
Erik, you have your head in the sand.


That's better than where you have yours.

Is the helicopter over your house black?



Oops. Sorry. I guess my impression was right. I confused you for someone who cared about the discussion and the truth. There were plenty of points to argue but you chose to call me stupid and crazy. It's a tactic of the desperate.
mikeandgerry
 
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Re: Government Taking Control of Student Loans

PostBy: jpete On: Fri Sep 18, 2009 11:24 pm

ErikLaurence wrote:You seem way more libertarian than most here.

There are a lot of born again civil libertarians kicking around.

It was OK when GWB was trashing the 4th amendment. If one didn't oppose the "patriot" act then whining now about loss of rights seems partisan and suspect.


I agree.

Frankly, I'm offended at the current turnout at the "Tea Parties". If I didn't see you trudging through the snow in Boston, then you're a Johnny Come Lately as far as I'm concerned. :D

I did my civic duty and voted for the lesser of two evils except the time I voted for Ross Perot. He may have had poor delivery, and an army of squirrels following him everywhere, but he knew what NAFTA was going to do to this country and from my vantage point in manufacturing, I can't say he was wrong!
jpete
 
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