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14 years ago @ Big Peace - In Memoriam: Andrew Br... · 0 replies · +48 points

Please say this isn't true!!!

God be with Andrew and his family.

A tragic loss of a brave man.

14 years ago @ Breitbart.tv - 'You Deserve It': Trib... · 0 replies · +2 points

Where would one make a donation to Michelle and her daughters? If we all give a little, it would add up and hopefully make a difference.

14 years ago @ Breitbart.tv - Obama Going Rogue On S... · 0 replies · +6 points

Easy-money is how the housing bubble was created by the gov't and the student loan bubble was created the same way. This is just another way of trying to re-inflate the bubble and/or keep it from popping.

14 years ago @ Breitbart.tv - Obama Going Rogue On S... · 0 replies · +5 points

And...

If the money is forgiven, who doesn't get paid back?

From a comment on HotAir: "Do the banks eat it? Does the Fed print money to buy the loans? Does Congress appropriate money to pay off the notes? That money will be taken from the economy either in the form of taxation or inflation or absence of capital. Oh and with the promise of easier loans, expect the ethical institutions of higher learning to raise their tuitions accordingly."

By increasing student loan debt, Obama will drive more and more debt-laden college grads into the government's arms when he announces more and more programs that "forgive" student loan debt in exchange for 10 years of gov't service.

At 145% of private sector payscales, how in the world are indebted people going to resist that offer? They aren't.

And once they are there, they will stay.

How do private businesses compete with that offer? They can't.

14 years ago @ Breitbart.tv - Obama Going Rogue On S... · 0 replies · +6 points

Continued from above...

That is exactly how the system will be gamed.

(By the way, who is going to sit there and calculate how much discretionary income millions of people have each month in order to determine how much they should be paying for their student loans?!?)

To add insult to injury...

In her line of work, many people work on contract (1099/self-employed) and show very little income on their tax returns. Since she only has to pay 10% of her discretionary income, paying 10% of not-much is a great deal.

Take that example of abuse and multiply it by a millions of people.

We’ll have $2 trillion in government-guaranteed student loan debt in no time!

What a deal for the (mostly liberal) universities and vote-buying politicians.

Win/win indeed.

Too bad these kids don’t understand that they will lose in the end when their country becomes Greece.

So sad.

14 years ago @ Breitbart.tv - Obama Going Rogue On S... · 1 reply · +6 points

This is just more government welfare that invites abuse and fraud.

True story. I struck up a conversation with a woman in an airport while waiting for our flight. The economy and the plight of recent college graduates came up. She openly (as in, without a hint of shame) detailed to me how her daughter plans to take advantage of Sugar-Daddy Obama’s generosity.

Her daughter is majoring in some type of graphic design program at an expensive CA university and already has $56,000 in student loans.

Realizing that the labor market is depressed, instead of graduating, she is doing what millions of others will decide to do when Obama dangles this carrot in front of them… she is staying in school as long as she can and living off more student loans.

She has no incentive whatsoever to limit how much debt she racks-up, because she knows that she will not be held accountable to pay it back. Why stop at $56,000? $100,000! $150,000! $200,000! The sky’s the limit when you are spending free money!!

Then, after 20 years of repaying not much if any of her student loans, her debt will be forgiven. How neat! Like free money or something!!

14 years ago @ Breitbart.tv - Occupy Atlanta Mob Ref... · 0 replies · +10 points

Mob rule in action.

Do they vote on going potty too?

Morons.

15 years ago @ Breitbart.com - White House releases O... · 0 replies · +3 points

Now let’s have him explain his radical Socialist policies and direct ties to Communists who are/were working in the White House and as his Czars.

15 years ago @ Breitbart.com - White House releases O... · 0 replies · +1 points

Now let’s have him explain his radical Socialist policies and direct ties to Communists who are/were working in the White House and as his Czars.

15 years ago @ Breitbart.tv - St. Patrick's Day Spec... · 0 replies · +5 points

That $14 Trillion number has come down to around $12 Trillion, not because we paid the debt off, but because there have been $100's of billions in defaulted debt.

Fun fact (not): We now owe more in student loan debt than we owe in credit card debt (BTW, easy-to-get student loans are THE reason that the cost of college keeps skyrocketing).

"Victory has 1,000 fathers, but defeat is an orphan", as they say.

Before we point our collective fingers at the over-spenders in DC, we need to realize that our debt problem goes way, way beyond our irresponsible government. We have the government we deserve.

If the Fed/Gov't is like a drug-dealer that keeps supplying the drugs (debt), we the people are the addicts that keep lining up to buy it. (to paraphrase Peter Schiff)

As a nation, we have to face this crisis.

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