so that you don't feel yourself too comfortable in a give-it-to-me crowd.wturner said:...forgive student loan debt after 20 years?
Thats good, but dammit, why did I try so hard to pay $10,000 in the first fucking year!!
adriatic04 said:change the channel.
knewsom said:wturner, no, that's not how families budget, but it's how government budgets. A year in advance.
knewsom said:Most of this is redirection of funds, in exactly the right direction, and tax cuts/credits that will help businesses grow and flourish without spending. Pretty middle of the road stuff, but bold nonetheless. Bravo. ...just my $.02.
knewsom said:wturner, no, that's not how families budget, but it's how government budgets. A year in advance.
There was a lot of really good stuff in that speech. The proposals regarding limiting what lobbyists can and can't do... the student loan forgiveness and college tax credit (that one was just for you PM!), the ending of government subsidies to banks for student loans, the fees on TARP banks giving out big bonuses, expansion of clean energy, the tax credits for small businesses, and big businesses who keep jobs here in the US, the 2011 spending freeze (which I think sounds scary now, but in 2011 we'll be ready for it)...
...And doubling exports in the next two years! There's a reason we elected an economist to run our country.
Most of this is redirection of funds, in exactly the right direction, and tax cuts/credits that will help businesses grow and flourish without spending. Pretty middle of the road stuff, but bold nonetheless. Bravo. ...just my $.02.
wturner said:...forgive student loan debt after 20 years?
Thats good, but dammit, why did I try so hard to pay $10,000 in the first fucking year!!
wturner said:Yea, so don't compare govt budgeting to families, its apples and oranges. When govt runs out of money, they keep spending. When families run out of money mommy starts sucking dick, daddy punches her teeth out, little Johnny runs away and starts a meth habit, and little Sally starts stripping and snorting coke.
And I don't understand...how do you stop govt subsidies to banks for student loans while making it easier for people to go to college? I ONLY made it through college thanks to student loans...but they were govt loans, not private. Is that the difference?
wturner said:...forgive student loan debt after 20 years?
Thats good, but dammit, why did I try so hard to pay $10,000 in the first fucking year!!
Eric N. said:No, no, no... You're looking at it the wrong way.. You should be happy that you got a student loan in the first place so that you could go. Most people won't be that lucky if this happens. Think about it. Who's going to give out loans to people with little to no credit when they can walk away from it after 20 years? Banks, uncle sam, who? No one, that's who and if they did the interest rate would be sky high making it even harder to pay back. Even more so since uncle sam isn't going to bail them out again like they did for the home loan mess. So with less people going to college the schools will raise their tuition rates (which in most cases they do every year anyways) to make up for the lack of students, making it even more difficult to pay for. Unless your parents are nice and saved lots of money for you or they mortgage the house. Provided the house is worth enough to even cover the cost of 4-5 years of school. So where's that going to leave all the kids fresh out of high school who can't afford college, can't get a loan, and can't get a good job since they don't have a degree? Job at the local CVS or Shell station working the register in the mini mart. Nope, all the grown ups out of work already took those jobs. So what are they going to do? Some can go into the Armed Forces but, I'm sure with all the people trying to get in they will pick the "cream of the crop" and the rest will get turned away. So what do they do? Turn to crime, sponge of mom and dad, bullet to the head, what? I don't think that telling people they can walk away from a loan is going to help any one. If anything it will make it harder right off the bat for all people.
Unless of course this is all part of a master plan to get huge amounts of people to work for 50 cents an hour and live in tent cities while fixing the "infrastructure" that he's all ways talking about. Kind of like slave labor.
MarkP said:The only thing you need to know about Obama and speeches is .....
I didn't watch the SOTU because for Obama it is all just words about 'I', with no follow through. Predictable.