U.S. Government assumes control of student loans

[Hot Mega]

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... 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 al, the Feds have a pretty shitty track record at running anything monetary related (see Freddie Mac and Fannie Mae).

Fair point.

 

[Nester6]

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?

The real problem is how he's going to pay for all this! Sure it sounds nice in the showroom,but sooner or later you are going to pay for all those extras. Right now, he is just printing money like there is no tomorrow.

 

[Hot Mega]

The real problem is how he's going to pay for all this! Sure it sounds nice in the showroom,but sooner or later you are going to pay for all those extras. Right now, he is just printing money like there is no tomorrow.

:dunno: Like we always have, as GDP expands, the dollar improves (like it is now) the debt will shrink just like it has historically and most recently under Clinton.

 

[Uppercut]

How dare the federal government take over the federal student loan program!!!!!! Sure, it will save the taxpayers $61 billion over the next decade, but won't someone please think of the gigantic banks that will be hurt by this move? When will the banks finally catch a break?

 

[prof_porn]

Obama is the man. I just listened to his speech on youtube [as a blog suscriber]. It's a good plan. I have student debts of c. 24k, it's a financial strain.

 

[LaLiLuLeLohan]

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:

That makes no sense seeing how said government proposed and passed the potential violation of civil rights and said government would be the body exploiting said violations.

So you don't need a fear of a government to, well, fear it??

That's like saying that you're not afraid of the mafia, but you're afraid of what they might do to you and your family and your neighborhood. I'm not trying to be a dick, but I find it odd that many of the people who saw The Patriot Act I and II, and the Bush Administration overall, as this unconstitutional act and power hungry regime now scoff at the idea of being fearful of government now that the proverbial ball is in their court.

And for the record, I thought the Bush Admin and Patriot Acts were absolutely horrible and opened a door for terrible things to come. I don't play sides. And no, I'm not equating the Health Care Bill to The Patriot Act.

 

[Hot Mega]

That makes no sense seeing how said government proposed and passed the potential violation of civil rights and said government would be the body exploiting said violations.

So you don't need a fear of a government to, well, fear it??

That's like saying that you're not afraid of the mafia, but you're afraid of what they might do to you and your family and your neighborhood. I'm not trying to be a dick, but I find it odd that many of the people who saw The Patriot Act I and II, and the Bush Administration overall, as this unconstitutional act and power hungry regime now scoff at the idea of being fearful of government now that the proverbial ball is in their court.

And for the record, I thought the Bush Admin and Patriot Acts were absolutely horrible and opened a door for terrible things to come. I don't play sides. And no, I'm not equating the Health Care Bill to The Patriot Act.

Well..in my view there is a difference. Allow me to explain....

People who fear g'ment fear a g'ment doing things that will change their view of the American way of life.

I have no fear of that whatsoever.

My legitimate beef with some of what was in the USA PATRIOT act were the elements that made it impossible for the individual to use his constitution to protect himself from g'ment intrusion, mistake, encroachment, etc.:2 cents:

 

[Straight Shooter]

Obama is the man. I just listened to his speech on youtube [as a blog suscriber]. It's a good plan. I have student debts of c. 24k, it's a financial strain.

I agree, I'm a student and I'm taking out loans right now. This is going to help so many students across the country and its going to cut program costs and channel the money to the neediest students. Look the government has been giving out loans for ages, all this does is cut out the middle man, which in this case is the banks.

 

[Jagger69]

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.

Dead-on, Prof! And the republicans return in kind. :thumbsup:

The paranoia comes from whoever's ox happens to be in the process of being gored at the time. Personally, I have a lot more socialist leanings than fascist so this doesn't bother me in the slightest. If I were on the opposite side, I suppose it would. That's why there is so much political rancor in this country and we are all so polarized. Things are either black or they are white....there are no shades of gray anymore it seems.

Oh and yes, we (and the entire western world for that matter) have become increasingly socialistic over the past 100-plus years or so. Perhaps it's just the natural evolutionary tendency of modern society?

 

[Straight Shooter]

Why does everyone get scared when the word "Socialism" is brought up, socialism isnt evil. Socialism can exist in a Capitalist society, read this article its pretty intersesting: http://www.alternet.org/vision/146143/why_are_we_afraid_of_saying_"socialism"/

 

[Will E Worm]

From the people who run the post office and DMV.

Very bad idea. It's just the take over of everything.

Welcome to the New World Order. :hatsoff:

 

[Facetious]

As long as the government doesn't get to make higher education choices for their college fund loan recipients I don't have a problem with this ''takeover''. . . but like all things government, they will eventually.

I correct myself, I do have a problem with this takeover.

 

[Member2019]

Oh and yes, we (and the entire western world for that matter) have become increasingly socialistic over the past 100-plus years or so. Perhaps it's just the natural evolutionary tendency of modern society?

Or the fact that Democratic-Republics tend to eventually vote in self-interest, instead of recognizing the need for self-sufficiency.