Cal33 (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Oct-18-11 10:48 AM
Original message
Please sign the forgiveness of student loan debt petition, and pass on this msg. further. Thanks. Updated at 10:48 AM
Edited on Tue Oct-18-11 10:51 AM by Cal33
This is a most important petition calling for forgiveness of student loan debt ? a step that will
suddenly give new workers thousands of dollars more to spend for their daily necessities. There are
millions of former students still paying their load debts and can barely make their ends meet. The
forgiveness of their loan debts will stimulate the economy immediately.
The petition has over 450,000 signatures so far, making it one of the fastest-growing petitions we've seen in years. Will you help us get to over 500,000 signatures by signing ? and then sharing it with your friends?
http://www.moveon.org/r?r=263764&id=32074-18108948-m1U2...
Thanks!
Worthless bitches... man up and pay your ****ing bills like everybody else.
I have a former classmate on FB. We took the same classes, we have the same bills. He makes twice as much as I do and his company paid for half his tuition, but he's the one crying for free shit.
**** you.
Funny how that works, the more free stuff that we give liberals, the more they demand.And he's a UAW member. Go figure. He's a nice guy, but he's a caricature of a no-neck union thug.
Funny how that works, the more free stuff that we give liberals, the more they demand.
Get F***ED! I read about a jackass who racked up almost 100k in student loans to get a degree in photography. AND DIDN'T EVEN GET IT AFTER YEARS OF SCREWING AROUND! Piss up a rope and use all those fancy cameras to make money. You better go for porn because coffee table books of barns don't sell well.
They may not where you live, but those books are big items here. In fact, so are tours of historic barns. http://www.piattmuseum.org/home/2011/9/1/piatt-county-barn-tour-2011.html
Wow. I have to admit it doesn't sound like a bad way to spend a fall day. At least for the first 15 miles. 30 sounds a bit long.Do they provide the beer for this rural road trip?
Forgive your student loans, DUmmie? Sure--on one condition. You now are taking the job of an illegal immigrant at the same wage and same hours they worked until your debt is paid off.
Have fun.
I have a cousin who's a professional student.....at 37! She has a Bachelor's Degree, numerous Master's Degrees, and is currently trying to get into a PhD program. We had a bit of a tiff on Facebook a few weeks back because she was supporting this whole "forgive student loans" crap. Well, considering she's $140,000 in the hole and a raging leftist, it doesn't really surprise me. Screw her. Mrs. Tantal went to Texas Christian University (hella expensive) and we're still paying for it. The difference is that Mrs. Tantal acquired an actual skill (nursing) that allows us the income to make the payment. Half of these assclowns got Women's Studies or African American Poetry (RAP) degrees from Ivy League schools and now wonder why they can't find a job.
Forgive your student loans, DUmmie? Sure--on one condition. You now are taking the job of an illegal immigrant at the same wage and same hours they worked until your debt is paid off.
Have fun.
Nuclear Unicorn (1000+ posts) Tue Oct-18-11 02:31 PM
Response to Reply #10
73. Horrible idea
That money wasn't created by banks out of thin air. It came from depositors which include, on bulk, ordinary people's savings and checking.
That money was loaned from your checking account on the assumption the borrower would pay it back before you went out to buy groceries and pay the heating bill or make employee payroll. There will be no "debt forgiveness" only debt-shifting. Maybe the people making loans will get more money back to spend elsewhere but the threshhold banks use to remain sufficiently capitalized will take a serious hit.
What will make it worse is once people learn their deposits are being loaned out with no chance of repayment they will stop depositing in banks, period.
The only option after that is to make up the difference using the federal printing press. Print too much money or issue so many bonds that people doubt the government's ability to repay and you will have A) hyper-inflation or B) hyper-interest rates, which is just hyper-inflation one-step removed. That will chew-up whatever end-user savings you envision and it will hurt everyone just to pretended to have benefitted a few.
Look, I understand. I have roughly $20,000 in debt for my degree in English and literature. Could I use that money back every month? Heck yeah! I'm an admin assistant. It's not glamorous (although my boss is pretty cool for an old guy) and truth be told I wouldn't have any job prospects if my MBA-toting employer could write better but he's a horrible writer and so he pays me lots of money to make him look smart (and other duties I've since assumed). I'm lucky. I'm also lucky I don't have to work as my husband's income would support us nicely; but he works like an animal to do it.
As nice as it sounds, if you borrowed $100 from a guy he isn't going to just up and forget you promised to give him $105 back by the end of the month, especially since the $100 you borrowed came from some other guy's paycheck and that guy was saving for his kid's college.
EFerrari (1000+ posts) Tue Oct-18-11 12:06 PM:mental:
Response to Reply #34
39. There needn't be two polarized sides.
Credit card debt, mortgages, student loans -- most people have one of those. We've been encouraged to rack up debt in lieu of wage increases for forty years. FORTY YEARS. A write down of all three would include many Americans.
Also in case you don't know it, debt forgiveness is taxable income in the year of the forgiveness so you will be giving the students an federal and state income tax liability.Ya think?
I don't think this was thought through well enough.
Abin Sur (329 posts) Tue Oct-18-11 05:49 PM
Response to Original message
97. Not a chance. I've paid back every penny (plus interest) of every loan I've ever taken out.
Why shouldn't they?
Nuclear Unicorn, married to a Lousy Freeper Troll, gives them a piece of her mind:
She's making too much sense for the DUmp on that thread.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2139083
Just yesterday some bonehead at DUmmyland was griping that the student loan forgiveness made them look like freeloaders, today they are signing petitions for it.
If you look at the link, it stems from moveon.org, that means Soros has his fingerprints all over it, grass roots movement my ass!
Cal33 (1000+ posts)
...a step that will suddenly give new workers thousands of dollars more to spend for their daily necessities. There are
millions of former students still paying their load debts and can barely make their ends meet...
Yeah, and they'll need all that extra money, to pay for the new taxes they'll get hit with, necessitated by suddenly adding a trillion MORE dollars to the deficit when all those loans are written off.
Moron.
A write down of all three would include many Americans.
There are few things more intimidating that a freeloader with a petition.
.....
Banks and big companies should not receive taxpayer money for a bailout while their CEOs are making hundreds of millions of dollars. If that’s your gripe, then you’re protesting in the wrong location. Pack up and head to Washington, D.C., to deliver your message to the current administration. Don’t get me wrong—I totally support a company’s freedom to pay their leaders well. I just don’t believe that I, as a taxpayer, should subsidize those huge salaries in the form of taxpayer bailouts. I pay my own team members; I don’t need to pay everyone else’s too.
By the way, you may be shocked to learn that the Tea Party agrees with you on this one—and so do I.
.......
But if you’re saying that all businesses are greedy and that capitalism itself is evil and ineffective, then I’m sorry—you’re just being stupid. You’re being misled and misinformed by some of the louder voices around you. Are you wearing clothes? Have you eaten any food lately? Do you have an iPhone in your pocket to check in with Twitter and Facebook while you’re out marching around? Good. All of those products and services are brought to you by quality companies dedicated to serving you well in a capitalistic system that works just fine. “Wall Street Is Evil!â€
If you have this painted on a sign, well, now you just look ignorant. Wall Street is a street that people drive on. The New York Stock Exchange is a building where people exchange stocks in New York. This is the flea market of the financial world. Don’t turn Wall Street into some terrible monster attacking American citizens. It’s just a road with some buildings on it.
But here’s what happens. Sometimes when people don’t understand something, they start to fear it. And as the fear grows, it turns into anger. But just because you don’t understand something, you shouldn’t see it as bad or frightening or a conspiracy. You should just think of it as an opportunity to learn something new—something that could actually be a blessing to you.
For example, imagine a group of natives out in the jungle in the farthest part of the world. I mean, picture a group of people who have never seen anyone outside of their tribe and have certainly never seen any kind of machine. What would they think if they saw a Red Cross helicopter land near them? And what would they think of the strange-looking men and women who jump out of the chopper and start walking toward them? They’d be freaked out! They wouldn’t know or care if the Red Cross was there to help them with food or medicine. They’d think it was the end of the world or something because their minds would be totally blown!
I hate to say it, but a lot of OWS protestors are just about as uninformed as those jungle natives when it comes to how the American financial system works. A road and an office building. That’s Wall Street. “Wealth Redistribution Is the Answer!â€
I’ve heard a lot about wealth redistribution over the past few years, and I’m sure you’ve heard it too. Call it whatever you want, but this is how it usually sounds to most Americans: “We are the 99% of Americans who don’t have as much as the 1%, so we’re mad and think the government should take their wealth and property away so that I can have a piece of it. Wealth inequality is a moral breakdown! We should all spread the money around so everyone gets a fair share!â€
I have my toughest critique for those who believe this: You are a thief. When someone takes my money and gives me no say in the matter, that’s called theft—whether they’re using a gun or the government. At the core of this demand is envy. And that’s not the same as jealousy. Jealousy just says, “I want what you have.†Envy is a different beast. Envy says, “I don’t think I can ever have what you have, so you shouldn’t have it either.†Decades of horrible economic teaching and the politics of envy have kept this monster alive and growing and moving forward.
...