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Liberty News Forum › LNF Forums Here › Political Opinion Page - The Hot Seat › Obama Threatens To Veto student Loan Extension

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Obama Threatens To Veto student Loan Extension (Read 333 times)

Gunner LNF Speaker LNF Bunker Offline Liberals disgust me, libertarians annoy me alittle Posts: 10,116 Texas Gender:	Re: Obama Threatens To Veto student Loan Extension Reply #10 - Apr 27^th, 2012 at 8:47pm Quote: You think that 3.375% is free market? You must be really oblivious. I understand where the interest rate comes from, its just a fixed rate seems odd.
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Self-radicalizing Harry LNF Speaker LNF Bunker Offline I used to be Bert, but something went terribly wro Posts: 19,575 Gender:	Re: Obama Threatens To Veto student Loan Extension Reply #11 - Apr 27^th, 2012 at 8:48pm Gunner wrote on Apr 27^th, 2012 at 8:47pm: I understand where the interest rate comes from, its just a fixed rate seems odd. It's a reelection ploy. Obama could care less about students, or what it cost them to go to school.
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Rabbit_Reborn

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Re: Obama Threatens To Veto student Loan Extension
Reply #12 - Apr 27^th, 2012 at 8:51pm

Gunner wrote on Apr 27^th, 2012 at 12:30pm:

I'm a small government guy generally but these's loan rates seem artificial and not free market based. I just refinanced my house for 3.375%, why should student loans be twice that?

As mentioned by another member, a house has a lower interest rate generally for a variety of reasons. Near or at the top of the list is the fact that an asset actually exists in the case of default. What happens when a former student defaults on a college loan?

"But whether the Constitution really be one thing, or another, this much is certain — that it has either authorized such a government as we have had, or has been powerless to prevent it. In either case, it is unfit to exist."

—Lysander Spooner, The Constitution of No Authority, 1870

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Self-radicalizing Harry

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Re: Obama Threatens To Veto student Loan Extension
Reply #13 - Apr 27^th, 2012 at 9:05pm

Rabbit_Reborn wrote on Apr 27^th, 2012 at 8:51pm:

His/her life is ruined due to the "generosity" of others.

Give me ambiguity, or give me something else.

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crepe05 LNF Speaker LNF Bunker Offline I Love Liberty News Forum! Posts: 11,196 Louisiana Gender:	Re: Obama Threatens To Veto student Loan Extension Reply #14 - Apr 28^th, 2012 at 6:38am Self-radicalizing Harry wrote on Apr 27^th, 2012 at 9:05pm: His/her life is ruined due to the "generosity" of others. Others forced her to get the loan? Wow, I never knew that. I thought that the student chose to do that to help himself get an education. Dang, I'm so old fashioned.
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joe_christian

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Re: Obama Threatens To Veto student Loan Extension
Reply #15 - Apr 28^th, 2012 at 8:50am

Gunner wrote on Apr 27^th, 2012 at 12:30pm:

I'm a small government guy generally but these's loan rates seem artificial and not free market based. I just refinanced my house for 3.375%, why should student loans be twice that?

Because the government cannot foreclose on a student loan in default. Besides, the government should not be in the business of guaranteeing any loans made by private banks. It should be more concerned with guaranteeing an income for students upon their graduation than for guaranteeing the income of fat bankers.

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Re: Obama Threatens To Veto student Loan Extension
Reply #16 - Apr 28^th, 2012 at 8:55am

Self-radicalizing Harry wrote on Apr 27^th, 2012 at 8:48pm:

It's a reelection ploy. Obama could care less about students, or what it cost them to go to school.

If student loans were market-based most of the liberal colleges would have to shut down. Would it be a bad thing for all of those liberal college professors to be out of work? Cool

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Re: Obama Threatens To Veto student Loan Extension
Reply #17 - Apr 28^th, 2012 at 9:00am

Rabbit_Reborn wrote on Apr 27^th, 2012 at 8:51pm:

The IRS will garnish whatever income it can determine you receive each year until the loan if paid off, with accrued interest. Those boys value their weekly paychecks!

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Re: Obama Threatens To Veto student Loan Extension
Reply #18 - Apr 28^th, 2012 at 9:25am

crepe05 wrote on Apr 28^th, 2012 at 6:38am:

Others forced her to get the loan? Wow, I never knew that. I thought that the student chose to do that to help himself get an education. Dang, I'm so old fashioned.

Think of it like the government mandating that everyone should have a house, and get a loan for it, no matter the eligibility. It's the same with education.

Give me ambiguity, or give me something else.

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