|
Post by agito on Jan 17, 2010 17:28:33 GMT -6
www.foxnews.com/opinion/2010/01/15/dana-perino-student-loans-public-option-harkin-democrats/ can anyone guess what is missing from this article? she makes the allegation: intriguing allegation, she then goes on to say: As with the shadowy and confusing language of the health care debate, you have to get past the rhetoric that sounds perfectly reasonable to figure out what is really going on. ah well then! what IS really going on then dana? could we have a link to the bill? how about the bill title? quotes from the bill at least? a quote from a policy analyst? what we get...: ... is more shadowy and confusing language. thank you dana perino. more on this to come (if i can find anything)
|
|
|
Post by agito on Jan 17, 2010 17:49:11 GMT -6
|
|
|
Post by agito on Feb 5, 2010 11:30:02 GMT -6
ah crapfrankly, i was surprised to see sallie mae spending money on lobbying. (I also thought sallie mae was a government operation like fannie and freddie- apparently not. I wonder how many other people are confused as well) On the other hand, I am worried about what prevents the government bureaucrats from becoming bloated and slow.
|
|
|
Post by spudbuddy on Feb 25, 2010 15:39:08 GMT -6
ah crapfrankly, i was surprised to see sallie mae spending money on lobbying. (I also thought sallie mae was a government operation like fannie and freddie- apparently not. I wonder how many other people are confused as well) On the other hand, I am worried about what prevents the government bureaucrats from becoming bloated and slow. This should explain nicely what actually happened. studentloanjustice.org/problem.htmI suppose if the govenment hath given then taketh away again, that could be a good thing...especially if they can redesign a lending system to somehow desist from turning a 30-thousand dollar loan into 80 grand as quick as a rabbit out of a hat. Of course, Sallie is pissed at losing her toys, now that daddy is threatening not only to take the T-bird away, but the bottomless credit card too. Check out her stock performance through the past decade - for a real experience more thrilling than a Coney Island roller coaster!
|
|
|
Post by agito on Feb 25, 2010 17:16:30 GMT -6
well- fortunately for me, my student loan experience with sallie mae has been rather pleasant by these standards. Still- that looks like a great site, thanks for linking it spud.
|
|
|
Post by spudbuddy on Feb 25, 2010 21:54:43 GMT -6
You're welcome! As with a lot of issues - I've come across many negative responses to the rising student loan "crisis" (because in the past, a huge number of grads have done all right, and managed to move on, have a life, career - and still pay the loans off.) However, if one takes the time to sift as carefully as possible through the whiners, and get to the real issue, I think there's something going on that's starting to resemble the mortgage mess (especially the upside down part of it.) I hear this all the time - too many young people rush headlong into debt right out of high school and right into university...which is true. It might be nice to see more of them take a year or two off, work, clear their heads, make careful choices, etc. But then on the other hand - what else do we really expect them to do? I mean, they're hammered from the getgo, and it doesn't let up for 13 straight years, and all they know is that they'll die in the gutter absolutely, if they don't nail a degree. Immediately. - which sadly, isn't true at all. I think it's sadder still - that "working" class = abject failure in our social motif, now. Everybody has to be a professional, wear white collars, tickle technology, live lifestyles that resemble movie mock-ups. (Ever notice how a schoolteacher in a Hollywood movie lives in a major American city as if they were pulling in a million a year?) weird. - the kids sure noticed, though.
You have to ask yourself - in these times, how can hundreds of thousands of American teenagers willingly take on amounts of debt that would buy a house in some states? All before they have any idea what kind of entrance they will have into any job market. Doesn't that seem sort of...........reckless? Right. When I was a foolish 18 year-old, my idea of reckless was to goof off, drive uninsured, piss through dead-end jobs for beer and travel money...............debt-free. No financial liability whatsoever. Ha. I was just into my thirties before anyone would let me have credt. Thinking back - that was a huge favor. I really see it as a two-sided issue, though. On the one hand - the sheer cost of an education is an outrage. Prices are way out of line. If we could kill educational lending for just one year - the system would tank. The few dozen thousand rich man's sons and daughters would hardly create an echo in all those near-empty lecture halls. They'd be forced to re-think the model. On the other hand, what they do with loan money after people graduate isn't outrageous - it's criminal. There is no good reason at all that a defaulted loan has to double, triple, or more. Too bad compound interest couldn't take my savings account into the stratosphere! One must remember that sallie mae and other nasty bandit outfits applied the truest, bluest, brightest and best corporate extractions methods in the grand style. It looks to me like they'd set out to do to American students exactly what the World Bank and the IMF did to the developing world. (and when you think about it - for some of the same reasons, ideologies, philosophies....) Everyone's just tryin' to get a leg up...
|
|