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Just take out a student loan.

Posted By: Mythbuster on 2009-03-26
In Reply to: OMG, unbelievable. People near retirement age..sm - thanks

If you're lucky you'll be dead before you have to pay it off.  Apparently nobody else is paying theirs back...


Didn't Michelle Obama say they were still (in their 40s) paying on theirs?  Got that mansion in Illinois, but can't pay back their student loans?  Wasn't this in a speech she gave in Zanesville, OH when she told people to forego college and get into the 'service sector'  because the Obamas were still paying off student loans?  Now her husband says we need a degree in order to work in the US?  Wow! What must pillow-talk be like in that bedroom?


 




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Big 3 loan

I promise to absorb all opinions without comment.  I'm willing to learn.


How do you all feel about this topic now? 


Most importantly, please explain why you feel one way or the other.


We must LOAN them the

money.  You don't cut off your nose to spite your face.  We are circling the drain in this nation and it will take some massive, painful steps to correct the situation.  I am totally against the honchos making that ridiculous amt of money.  that can be addressed secondarily - get the nation back on its feet and then reform.  I will not support destroying the middle class by unemployment, etc, just because I resent those at the top.


 


We need to loan them a contigent of our....
far left folks. Introduce a little socialism and entitlements out the kazoo to our neighbors in the south...then I bet Mexico would be building fences to keep the illegals from coming BACK. Sigh. Hellooo...why do people think they COME here??? lol. Ridiculous. They aren't interested in becoming citizens, those who CHOOSE to remain illegal...they want social security never having paid in a DIME, they want free health care, a job with no taxes taken, to live on OUR dime and to some folks, I guess that is just A-OK. Go figure. Why don't THEY feed them then? Why can't we put signs at the border directing them to these folks' houses? Sigh.
I, too, owe a lot in student loans.
My scholarships helped, but college was still expensive. Of course, my "a lot" is nowhere near $100K.
Student loans
Even Barak Obama spent the last 20 years repaying his own school loans. It is ridiculous to think policy maade by a new president are retroactive.
Student loans
How long was she in school? My sister earned a PhD from IU as an out-of-state student and this cost her $100,000.00 for the two years. This included living expenses, books, tuituion, food, clothing, and shelter. What is your daughter's degree? The average tuition at a state university including room and board, books and lab fees is 20,000.0 per year. If your daughter borrowed the entire amount did she get below prime interest on her loan. WHat type of loan is she repapying? THere are more questions but I do not think they are necessary. You are just not an Obama fan.
Yeah, GIVE AIG whatever, but loan the big 3
nm
what happens to existing student loans?
My daughter, who graduated law school, has over 100K in student loans for her education. She is working hard to pay that back. What happens to those? She is killing herself to pay back while the next guy goes for free? I don't think so. Do we also forgive those loans? If not, I would expect greater default than we now see. And I would certainly expect to see a lot of professionals, the people with those big loans, protesting this deal big time.
We do. I know a Russian exchange student. Do
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The MT/Student forum is requesting your.....nm
X
Didn't they mention something about a loan
I was watching Bill O'Reilly with my husband last night, and I thought they mentioned giving them a loan that has to be paid back rather than a bailout, or is that the same thing?
They'll just take out another loan from China to pay for it
they should be ashamed.  And Obama can't be blamed for this one.
I see both sides, but this is technically a LOAN
nm
Hillary is broke, had to loan herself 5 million.sm
LOL. Maybe she will use her money and Bill's speaking engagement fees to pay for our new Universal Healthcare Program.

Clinton loaned her campaign $5 million

Senator Hillary Clinton confirmed at a press conference in Virginia this afternoon that she'd loaned her campaign $5 million, and said, "The results last night proved the wisdom of my investment.."

Spokesman Howard Wolfson emailed with the news minutes earlier:

Late last month Senator Clinton loaned her campaign $5 million.The loan illustrates Sen. Clinton’s commitment to this effort and to ensuring that our campaign has the resources it needs to compete and win across this nation. We have had one of our best fundraising efforts ever on the web today and our Super Tuesday victories will only help in bringing more support for her candidacy.

As I reported earlier, she's drawing on a pool of personal wealth estimated to be as much as $41 million, as well as a reported payout to Bill Clinton of $20 million from the Los Angeles billionaire manager Ron Burkle.

Clinton told reporters that her fundraising was healthy, but that "my opponent was able to raise more money, and we intended to be competitive, and we were."

Clinton also emailed supporters today with an ambitious online fundraising goal: to, over the course of three days, "raise $3 million to fund our history-making campaign."


That teacher also burned a cross into a student's arm.
http://www.foxnews.com/story/0,2933,369549,00.html
No, not at all. But, leaves the bank with no money to loan.
dd
She;s right, it is serious. There was one student from England who voted early...sm
in Ohio. I would definitely call that voter fraud, wouldn't you?

Heaven knows what they'll find out when they finally get down to it.


Acorn is really messing things up for everybody, both parties included. No matter who takes Ohio, obviously, there's going to be fraud going on. Not to mention all the other states with the same problem.



And before you go off on the fact that the link is from FoxNews below....try to remember the facts, that none of the other networks will cover this....because they're all in the tank for Obama.




http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/10-16-2008/0004905682&EDATE=
There are some that have voted in Ohio...i.e.....the student back in

Medicaid, food stamps, student loans take a hit...sm

House OKs budget bill cutting $50 billion in aid
Medicaid, food stamps, student loans take a hit



Zachary Coile, Chronicle Washington Bureau


Saturday, November 19, 2005


 













Washington -- House Republicans, after weeks of negotiations, narrowly passed a budget bill early Friday to cut $50 billion from Medicaid, food stamps, student loans and other programs over the complaints of Democrats that Congress is squeezing students, the elderly and the poor to pay for tax cuts for the rich.

The House approved the bill 217-215, after GOP leaders agreed to demands from moderate Republicans to jettison a measure to drill in the Arctic National Wildlife Refuge in Alaska and to slightly reduce proposed cuts to food stamps.

Still, the vote was so politically sensitive that House leaders didn't begin debate until 10 p.m. Thursday and didn't pass the measure until nearly 2 a.m. -- when most news reporters gone and only a few C-SPAN junkies could witness the fiery floor action. No Democrats voted for the bill, and 14 Republicans opposed it.

House Democratic leader Nancy Pelosi of San Francisco said in a floor speech that cutting money for Medicaid, child support enforcement and foster care as the House prepares to vote on $70 billion in tax cuts was a sin.

Republicans are launching an attack on America's children, on America's families, Pelosi said. They are also launching an attack on America's middle class, all of this to give tax cuts to the wealthiest people in our country.

But House Speaker Dennis Hastert, R-Ill., responded that the proposed cuts were needed to rein in the growth of federal spending on health care and other programs.

Medicaid is growing at a 7.3 percent growth rate per year, Hastert said. It has been growing for years. Is there a better way to do it? Is there a more efficient way to do it? Should we find some reforms to make it better? Yes, we should.

The House bill also would split the Ninth Circuit Court of Appeals in San Francisco, a goal of conservatives who have long complained the court is too liberal. But the breakup of the appellate court, which covers the country's Western region including federal cases that arise in California, is not part of the Senate budget bill. Sen. Dianne Feinstein, D-Calif., and senior members of the Senate Judiciary Committee are seeking to strip it from the final package.

The battle over the budget reconciliation bill now moves to a joint House-Senate conference committee, where lawmakers will have to make several critical decisions, including:

-- Will the final budget bill allow oil drilling in the Arctic National Wildlife Refuge?

The Senate version would allow drilling, but a group of House Republican moderates has pledged to oppose any final bill that would open the Alaskan wildlife refuge for development.

-- How deeply will lawmakers cut student loans?

The House bill would cut student loan programs by $14.3 billion, while the Senate version cuts them by $8.8 billion. The Congressional Budget Office has estimated the House bill would cause a typical college student with the average of $17,000 in student loans to pay an additional $5,800 in interest and fees over the length of the loans.

-- Will some legal immigrants lose their food stamps?

The House bill would cut off 220,000 people from food stamps by allowing legal immigrants to qualify for the food aid after seven years, instead of the current five years. The Senate bill does not cut food stamps, and moderate lawmakers are urging that it be dropped from the final budget package.

-- How will the cuts affect Medicaid recipients?

The House bill calls for $11.4 billion in cuts to Medicaid, while the Senate bill trims spending by only $4.3 billion. The House bill also would allow co-payments to rise over time with inflation and would deny Medicaid nursing home benefits to people with $750,000 in home equity.

-- Will child support enforcement be cut?

The House bill would slash funding for child support enforcement by $4.9 billion. The Senate did not include any cuts to child support enforcement.

-- Will Medicare be cut?

The Senate voted to eliminate $5.4 billion in subsidies for some regional insurance companies that agreed to participate in President Bush's Medicare prescription drug program. The House bill does not cut the subsidies.

Congress watchers expect that lawmakers are likely to split the difference between the House's $50 billion in cuts over five years and the Senate's $35 billion in trims. But the negotiations will be difficult for GOP leaders. Conservatives, especially in the House, have been pushing for deeper cuts. Republican moderates plan to lobby to restore funding for some programs.

House Republicans argue the heated rhetoric over the budget bill's effects is overblown because many cuts are simply limiting the growth rate of certain federal programs. For example, the proposed cuts to Medicaid would lower the annual growth rate in spending on the program from 7.3 percent to 7 percent.

But Democrats complained the cuts hit the wrong targets, including students struggling to pay for college. The Congressional Budget Office estimates the bill would increase costs to students and families by $8 billion, including nearly $5.5 billion in costs when students consolidate loans.

You're hurting the students of this nation, Rep. George Miller, D-Martinez, told Republicans in an angry floor speech. You're putting their families in debt. You're piling on the interest rates. You ought to be ashamed of it.

E-mail Zachary Coile at zcoile@sfchronicle.com.


Why such a huge deal made about the auto LOAN
nm
Half sister ---college student --- left that
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I support the plan to LOAN the money to the mortage firms in crisis.
At 2% interest.

Why should they be GIVEN a huge wad of cash to bail them out. If you or I were in desperate straits, our only option would be a loan, not a gimmee. Either way, Congress is going to have to give them the money. But I think we should expect a pay-back plan to be set forth BEFORE they get the dough, and not just give them a blank check for 700 billion.
Terrific video by high school student in Alabama‏
A friend sent me this email and thought it was great I wanted to share it here. Link included at bottom

This will stir your patriotism, it’s good.

Wow! This is spectacular.

Tea Party commercial by an Alabama teenager...


I asked Justin if he could help me make a commercial for my group's Tea Party. He sat down at the laptop for about an hour and then brought this to me and asked "is this okay, Mom?"


After I finished watching it, my stomach was in my throat. Everyone that I have sent it to has really enjoyed it so I wanted my friends to see it. I am so proud! Enjoy!

A PROUD MOM

http://www.youtube.com/watch?v=bkFFwyyjZC8


She did loan her campaign 10 million dollars - she owes over 20 million - but...
Hillary says she is not worried about paying herself off, just the other people she owes money to (but I bet she will get her money back somehow). I just read where Barack personally wrote her a check himself for $2300 (the most by law any individual can contribute to a campaign).

The problem is her donors expect him to help her pay this money off if he wants them to continue to support his campaign financially, and he needs their money to finance the general election campaign. Also, they say Hillary can devote more time campaigning and helping his financial situation if she is not having to try to raise money still for her debts.

So anyway, there it is in a nutshell...