U.S. Government assumes control of student loans

You guys realize that the government had been giving the students the loans for ages, but with the banks acting as middle men, right?
And that all this bill did was eliminate the middle man, right?
And that, in eliminating the middle man, this means the money can be used more wisely and go to more students, instead of more banks, right?

Shhh...don't say that. You don't want people understanding what's happening and thinking logically now. :rolleyes:
 

Ace Bandage

The one and only.
Big Brother takes control of something else. Thanks socialism. :hatsoff:
Who needs student loans? My parents paid for my college. If your parents didn't pay for your college, then they didn't plan their finances very well. Or they're poor. Either way, get it fixed!
 
Big Brother takes control of something else. Thanks socialism. :hatsoff:
Who needs student loans? My parents paid for my college. If your parents didn't pay for your college, then they didn't plan their finances very well. Or they're poor. Either way, get it fixed!

<chuckle> Forget "student loans"...people borrow money for many reasons. Your premise suggests people either save or don't buy. Pretty absurd, nonsensical suggestion IMO...not to mention the negative affect such a ridiculous suggestion would have on economies.

Secondly, the g'ment didn't "take over" anything. Banks are still free to make their own loans to students or families for education. The g'ment is simply administering the process of loaning their money and not paying the bank to do it for them.
 

Ace Bandage

The one and only.
<chuckle> Forget "student loans"...people borrow money for many reasons. Your premise suggests people either save or don't buy. Pretty absurd, nonsensical suggestion IMO...not to mention the negative affect such a ridiculous suggestion would have on economies.

Secondly, the g'ment didn't "take over" anything. Banks are still free to make their own loans to students or families for education. The g'ment is simply administering the process of loaning their money and not paying the bank to do it for them.

Do you ever get tired of jumping my ass about every post? Jesus goddamn Christ, man. You're the biggest Debbie Downer we have on this board. Why do you take everything so fucking seriously? Satire, cynicism, sarcasm: these are my weapons. If I'm ever serious in a post, I'll be sure to put up a disclaimer first. It was an attempt (clearly a poor one) at humor. You need to learn to let some things go. Were you adopted or did your parents just not love you as a child? Attention whore, much?
 
Do you ever get tired of jumping my ass about every post? Jesus goddamn Christ, man. You're the biggest Debbie Downer we have on this board. Why do you take everything so fucking seriously? Satire, cynicism, sarcasm: these are my weapons. If I'm ever serious in a post, I'll be sure to put up a disclaimer first. It was an attempt (clearly a poor one) at humor. You need to learn to let some things go. Were you adopted or did your parents just not love you as a child? Attention whore, much?

Don't take it personal A/R....you sound like you need a hug.:lovecoupl

I expect your skin to be less membrane-like than some of the others that blow up and get themselves banned.:o
 

Ace Bandage

The one and only.
Don't take it personal A/R....you sound like you need a hug.:lovecoupl

I expect your skin to be less membrane-like than some of the others that blow up and get themselves banned.:o

Nothing in there is a bannable offense. Report it if you want. Wouldn't be the first time somebody tried to get rid of me. :hatsoff:
And I don't take it personal. I do get annoyed though with certain people. You happen to be one of them.
 
<chuckle>Your premise suggests people either save or don't buy. Pretty absurd, nonsensical suggestion IMO...not to mention the negative affect such a ridiculous suggestion would have on economies.
That's ignoring, of course, that most of the income earners that acquire wealth do so by invest 90% of their discretionary income, instead of spending it. That's where the great majority of millionaires come from, saving.

I'm just about there myself. But if you met me in person, you'd think I'm poor. ;)

Secondly, the g'ment didn't "take over" anything. Banks are still free to make their own loans to students or families for education. The g'ment is simply administering the process of loaning their money and not paying the bank to do it for them.
Which is replacing the facist economic model with the socialist.

I love how people excuse the Democrat socialist agenda by pointing out the problems with the Republican facist agenda.

Capitalism? We haven't had that in decades.
 
I have my own reasons why I think some g'ment policies are stupid and/or makes things worse...but what exactly should we be fearing from g'ment???

At it's worse (in your mind) what is the ultimate aim from those who believe the g'ment wants to take their "guns", "take over their health care", etc.

What is the g'ment's end game we should "fear"? To put us in concentration camps or something?

So you have/had no problem with the Patriot Act?
 
Ry seems upset.
 

Ace Bandage

The one and only.
Nothing in there is a bannable offense. Report it if you want. Wouldn't be the first time somebody tried to get rid of me. :hatsoff:
And I don't take it personal. I do get annoyed though with certain people. You happen to be one of them.

Personally, I ignore posts that I believe are useless. I would never, ever report someone for posting something. To me it's childish.

That's ignoring, of course, that most of the income earners that acquire wealth do so by invest 90% of their discretionary income, instead of spending it. That's where the great majority of millionaires come from, saving.

I'm just about there myself. But if you met me in person, you'd think I'm poor. ;)

Isn't that a different discussion? To invest versus spend? Presumably if you want an education for yourself or your children and you have the means...you will use it for that and not spend it.

The question is the rationality of borrowing for the purposes of investing (in and education, business, home, car, etc.)

Of course one who has not wealth attains it overwhelmingly by investment....which can come in many forms including an investment in an education.

Which is replacing the facist economic model with the socialist.

I love how people excuse the Democrat socialist agenda by pointing out the problems with the Republican facist agenda.

Capitalism? We haven't had that in decades.

Not sure what you're talking about.:dunno: How is this socialist when the g'ment isn't providing the secondary education...they're merely loaning you the money to go get your own. Which is not a change in policy but a change in how the policy is administered.

So you have/had no problem with the Patriot Act?

Yes, I did. Everywhere it left loopholes to violate constitutional rights. You don't need to have a fear of a g'ment to oppose potential encroachment on constitutional rights.:2 cents:
 
I was for a few minutes. Then I went outside and curb stomped some kittens. I'm better now... :angels:

Again...nothing personal A/R. I actually like you and generally respect your posts.

In fact, I would say I don't dislike anyone on this board. Disagreeing is one thing...dislike should be another.

There is no one here who could drive me to dislike...As much as I disagree with Georges...I still in fact, actually like the guy. He can be pretty funny in an inadvertent way.
 

Ace Bandage

The one and only.
Again...nothing personal A/R. I actually like you and generally respect your posts.

In fact, I would say I don't dislike anyone on this board. Disagreeing is one thing...dislike should be another.

There is no one here who could drive me to dislike...As much as I disagree with Georges...I still in fact, actually like the guy. He can be pretty funny in an inadvertent way.

I don't take anything personal. As I said though, I do get annoyed. If you take everything seriously here, you won't last long. That's usually how flame wars start and then GSB has to borrow my ban hammer.

I agree with you about Georges. He's a moderator now though, so I can't berate him nearly as badly as I'd like to. :wave2: I don't hold any grudges though. If nobody ever disagreed with me, I'd be pretty pissed off. It's just mildly irritating when people take my jackass posts at face value even though I'm being facetious (the adjective, not the user).
 
The Federal takeover of the markets (and just about everything else) marches inexorably on... People said that BHO wanted to limit/halt/stop capitalism during the campaign. Those people were labelled as "fearmongers" and worse.

Quick history lesson: Anyone here remember why the USSR failed as a state? ;)
 
And you know why we had to "bail out" those banks in the first place? ;)

I'll bite....throw your dart at the reason you believe and we'll see how it relates to this discussion.

Point is...the g'ment didn't take over anything by loaning these industries money. Nor are they taking over anyone's student loans except for their own.
 
I'll bite....throw your dart at the reason you believe and we'll see how it relates to this discussion.

Point is...the g'ment didn't take over anything by loaning these industries money. Nor are they taking over anyone's student loans except for their own.

I know, that wasn't a fair question... my apologies.

The point I wanted to make was the ONE thing the Feds SHOULD do is regulate these huge companies from trying to make "easy money" and rip off taxpayers. They failed miserably at it this time... It has been pretty well documented that regulators saw problem with the banks and did nothing to find out what was going on, let alone try and stop it before it got so big it almost cause a worldwide meltdown. That and the whole government enforced lowering of the bar for borrowers to "get people in homes" in the 90s and 2000s, which cause the housing fiasco.

The one thing government should be doing, i.e, regulation, they suck at. Why not put more effort there than taking over an industry? After all, the Feds have a pretty shitty track record at running anything monetary related (see Freddie Mac and Fannie Mae, Social Security, etc.).
 
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