Do we need a student loan bailout?

[jclay2]

Yeah Big Eds profit margin is difficult to calculate because they don't want you to know the numbers, but they know.

The thing is, a lot of the profit is spread around to expensive salaries and jobs that are unnecessary to the actual goal of education. Even if they made $0, they are still supporting a bunch of free loading/hole digging people.

 

[heavenlyboy34]

Do we need a student loan bailout? No
What ever happened to joining the military and getting the G.I. Bill?
Also doesn't the Army have a student loan repayment plan that will pay back up to $65,000?

LMAO!! Sarcasm, I hope? Armies everywhere are just make-work programs and mostly waste. That and the tendency toward unnecessary war are the main reasons the FFs opposed standing armies.

 

[oyarde]

I don't know about that, uncle oyarde. Church facilities tend to be way under-utilized too. Especially the mega-churches. They're at least a close second to educational facilities for most underused.

All privately funded though, unlike a High School(Property Tax funded ) or a Univ , getting Tax money. My Church , I care not about, but they do have a summer school , a High School and are tied to another school ,grades 1 - 8 .What is the difference? Teachers make less , better education , better teachers ,avg cost is less than half State funded property tax education .

 

[mtr1979]

LMAO!! Sarcasm, I hope? Armies everywhere are just make-work programs and mostly waste. That and the tendency toward unnecessary war are the main reasons the FFs opposed standing armies.

I wasn't trying to be sarcastic, but I figured the reaction to my statement wouldn't be positive. I look at it like this: the military is playing you, so you might as well play them and get something out of it. I should know I used the G.I. Bill and graduated with a bachelor's degree debt free. To bad the degree was in History, so who gets the last laugh?

 

[oyarde]

LMAO!! Sarcasm, I hope? Armies everywhere are just make-work programs and mostly waste. That and the tendency toward unnecessary war are the main reasons the FFs opposed standing armies.

I dunno about now, but back when I was in, they guaranteed the first 27k of a VA home loan, I do not remember the max allowable for education.Even the Guard and Reserve pd around 80 % of classes back then I think.I never used any of it, My employers always offered to pay for my school....

 

[oyarde]

I don't know about that, uncle oyarde. Church facilities tend to be way under-utilized too. Especially the mega-churches. They're at least a close second to educational facilities for most underused.

If I give my Church $20 , I know they will find a positive , constructive use for it , but when I pay10k in taxes , I know it will be the exact opposite Amen.

 

[oyarde]

I wasn't trying to be sarcastic, but I figured the reaction to my statement wouldn't be positive. I look at it like this: the military is playing you, so you might as well play them and get something out of it. I should know I used the G.I. Bill and graduated with a bachelor's degree debt free. To bad the degree was in History, so who gets the last laugh?

Glad you made it back to Nebraska.

 

[heavenlyboy34]

I wasn't trying to be sarcastic, but I figured the reaction to my statement wouldn't be positive. I look at it like this: the military is playing you, so you might as well play them and get something out of it. I should know I used the G.I. Bill and graduated with a bachelor's degree debt free. To bad the degree was in History, so who gets the last laugh?

Nobody gets a laugh out of it in the long run. It's a short term benefit to you and the military, but the cost burden is shifted to taxpayers and users of FRNs. That money was taken out of the economy and spent on subsidizing your schooling when it could have/should have been used for something productive. Nothing in life is free.

 

[heavenlyboy34]

If I give my Church $20 , I know they will find a positive , constructive use for it , but when I pay10k in taxes , I know it will be the exact opposite Amen.

Amen! Glad you have a good worship community. A lot of churches nowadays are too lax with money-buying all manner of fancy toys and unnecessary renovations and using donors' and sometimes taxpayer monies to do it. The church I was raised in bought a new sanctuary, fancy organ, and all that goes with it in recent years. Crazy stuff, uncle Oyarde. I do like how they feed the hungry and otherwise serve the community, though.

 

[Nic]

Let's not forget that most of these loans were taken out based on a scam perpetuated by the bankers, higher learning institutions, and those in the government.

 

[jllundqu]

Jesus Christ...

Have we learned nothing? Did I really just read a suggestion on RPF for another bailout?

/faceplam/

 

[tod evans]

Jesus Christ...

Have we learned nothing? Did I really just read a suggestion on RPF for another bailout?

/faceplam/

But, but.......The poor students were snookered...

 

[cbc58]

Let's not forget that most of these loans were taken out based on a scam perpetuated by the bankers, higher learning institutions, and those in the government.

Just out of curiosity... what scam would that be? Or are you speaking to the "you need a college degree" marketing that has been going on for decades?

The problem with this bailout talk is that once it gets started, most everyone who owes wants their debt erased. Someone here said they wouldn't take a bail out if offered to them... but the reality is that if they came to you and said "we will wipe out your debt"... you'd probably jump for joy. There are members of this board that say they despise the govt and fed... but take their handouts under the guise that it will only help implode the system more rapidly so we all get to liberty faster. The only thing that accomplishes is making the govt stronger as more people become dependent and see it as their savior.

 

[heavenlyboy34]

Just out of curiosity... what scam would that be? Or are you speaking to the "you need a college degree" marketing that has been going on for decades?

The problem with this bailout talk is that once it gets started, most everyone who owes wants their debt erased. Someone here said they wouldn't take a bail out if offered to them... but the reality is that if they came to you and said "we will wipe out your debt"... you'd probably jump for joy. There are members of this board that say they despise the govt and fed... but take their handouts under the guise that it will only help implode the system more rapidly so we all get to liberty faster. The only thing that accomplishes is making the govt stronger as more people become dependent and see it as their savior.

RP consistently voted to get "free" cash for his district. Was he wrong to do it? Did he make the government stronger and people more dependent?

(the rest of congress does this all the time, I'm using RP as an example everyone knows of. One of the epic fails of American government is that people are bribed with their own money and the money of their children and future generations)

 

[CT4Liberty]

RP consistently voted to get "free" cash for his district. Was he wrong to do it? Did he make the government stronger and people more dependent?

(the rest of congress does this all the time, I'm using RP as an example everyone knows of. One of the epic fails of American government is that people are bribed with their own money and the money of their children and future generations)

Please provide the bills for which Paul voted for "free" cash to his district... he would put in amendments but vote NO on the bills... actually other members of Congress voted for "free" cash for his district.

 

[Zippyjuan]

Please provide the bills for which Paul voted for "free" cash to his district... he would put in amendments but vote NO on the bills... actually other members of Congress voted for "free" cash for his district.

It was political convenience. He adds the pork to a bill knowing that it will get passed, then votes against the bill so he can say that he was against pork and spending even though he was the one who added it "in fact, I never voted for any spending". Then justifies it by saying everybody does it- that if he didn't grab it for his district, somebody else would grab it for theirs. "getting his share on behalf of taxpayers in his state". One of the things I did find questionable about Ron Paul (though he is still better than most other polititians).

http://latimesblogs.latimes.com/washington/2009/03/ron-paul-defend.html

I don't think the federal government should be doing it. But, if they're going to allot the money, I have a responsibility to represent my people. If they say, hey, look, put in a highway for the district, I put it in. I put in all their requests, because I'm their representative.

Why is spending so high? Everybody wants to "get theirs".

 

[heavenlyboy34]

It was political convenience. He adds the pork to a bill knowing that it will get passed, then votes against the bill so he can say that he was against pork and spending even though he was the one who added it "in fact, I never voted for any spending". Then justifies it by saying everybody does it- that if he didn't grab it for his district, somebody else would grab it for theirs. "getting his share on behalf of taxpayers in his state". One of the things I did find questionable about Ron Paul (though he is still better than most other polititians).

http://latimesblogs.latimes.com/washington/2009/03/ron-paul-defend.html

This^^ also...

[h=1]Ron Paul one of only four House Republicans to request earmarks for 2011 budget (UPDATED)[/h]51 earmarks requests totaling $358,303,155 from libertarian favorite
http://washingtonindependent.com/10...s-to-request-earmarks-for-2011-budget-updated

 

[KingNothing]

It was political convenience. He adds the pork to a bill knowing that it will get passed, then votes against the bill so he can say that he was against pork and spending even though he was the one who added it "in fact, I never voted for any spending". Then justifies it by saying everybody does it- that if he didn't grab it for his district, somebody else would grab it for theirs. "getting his share on behalf of taxpayers in his state". One of the things I did find questionable about Ron Paul (though he is still better than most other polititians).

http://latimesblogs.latimes.com/washington/2009/03/ron-paul-defend.html



Why is spending so high? Everybody wants to "get theirs".

I actually agree with Paul's reasoning here. I see no problem with his behavior. If Congressmen don't lobby to have tax dollars returned to their state, no one would. Those willing to lobby would reap ALL of the rewards for doing so, and states unwilling to do so would see nothing earmarked for them. So long as the earmarking process exists -and it should exist as long as we have three branches of government- Congressmen should view the process as Ron does. Put in requests on behalf of constituents, and then vote down every single budget that is not balanced.

 

[KingNothing]

Zippy is correct , it is like owing the IRS or child support you cannot escape.

Hence my point -- allow them to do so. In addition to freeing debt-slaves, it would immediately force lenders to be more selective, which would mean less kids graduate with degrees in things that do not lead to jobs, which would mean less overall debt.

Everyone would gain, except for banks, colleges and politicians who demagogue higher education, which means it will never happen.

 

[Zippyjuan]

I actually agree with Paul's reasoning here. I see no problem with his behavior. If Congressmen don't lobby to have tax dollars returned to their state, no one would. Those willing to lobby would reap ALL of the rewards for doing so, and states unwilling to do so would see nothing earmarked for them. So long as the earmarking process exists -and it should exist as long as we have three branches of government- Congressmen should view the process as Ron does. Put in requests on behalf of constituents, and then vote down every single budget that is not balanced.

But that encourages more spending and in turn more borrowing and taxation. It is counter-productive to the reported goal of trying to balance the budget. It becomes lip service without addressing the problems. Republicans (including Ron and Rand Paul) say they are in favor of balanced budgets but their actions help to increase the deficits (higher spending and lower tax rates). Balancing the budget is talk- not something they actually want.