Official State of the Union Thread

How are these programs going to be paid when he proposes to freeze discretionary spending? :confused:

fire up the printing presses and call China
 
tangent4ronpaul said:
WHOA! - student loans - pay back w/ 10% of your income (new tax) for 20 years - did he really just say that????

-t
Click to expand...
I didn't read it or listen to it, just pasted it for ya, lol.


To make college more affordable, this bill will finally end the unwarranted taxpayer-subsidies that go to banks for student loans. Instead, let’s take that money and give families a $10,000 tax credit for four years of college and increase Pell Grants. And let’s tell another one million students that when they graduate, they will be required to pay only ten percent of their income on student loans, and all of their debt will be forgiven after twenty years – and forgiven after ten years if they choose a career in public service. Because in the United States of America, no one should go broke because they chose to go to college. And it’s time for colleges and universities to get serious about cutting their own costs – because they too have a responsibility to help solve this problem.

More at : State of the Union Address by the President Obama - Full Text http://www.thaindian.com/newsportal...-obama-full-text_100310796.html#ixzz0ds50CSUA
 
"The idea here is simple: instead of rewarding failure, we only reward success."

This is in complete contrast with the past actions of the Democratic party.
 
would bring down costs by 20 Trillion over the next few decades....

20 trillion for who?

How the hell does he figure that?

-t
 
tangent4ronpaul said:
WHOA! - student loans - pay back w/ 10% of your income (new tax) for 20 years - did he really just say that????

-t
Click to expand...

Someone that can organize job opprotunities by providing tools and workshop avialability to people wanting to work for themselves will clean up under a system like that.

College Tuition + Goverment funding funneling in = massive education price inflation.
 
down_south said:
"The idea here is simple: instead of rewarding failure, we only reward success."

This is in complete contrast with the past actions of the Democratic party.
Click to expand...

And his proposal two minutes before to pay for students college. "because no one should be allowed to go broke because they chose to go to college."
 
"And let’s tell another one million students that when they graduate, they will be required to pay only ten percent of their income on student loans, and all of their debt will be forgiven after twenty years – and forgiven after ten years if they choose a career in public service."

If you forgive the debt, it doesn't just go away....who's going to pick up the tab?? And doesn't it sound like this is a plan to grow government? Join the public sector and you don't have to pay back as much.
 
Bruno said:
And his proposal two minutes before to pay for students college. "because no one should be allowed to go broke because they chose to go to college."
Click to expand...

Yeah, and nobody should go broke because they bought a house they couldn't afford. This guy is something else...
 
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