Too many people go to college who should not even go.Too many people
borrow money to go to college, when they should work and save before starting
and work while in school to "pay as you go.'Too many people
owe too much money on student loans already, and we really need to stop lending,
or guaranteeing student loans. Let private sector handle it- if it is a good
risk they get the loan and the lender will probably get paid back. Too many
current student loans will never be paid back, exacerbating our current $17.5
trillion debt.Finally, can someone show me where anything in the
Constitution authorizes federal money to be spent on student loans? (Or any
other welfare program for that matter. And, no the "promote the general
welfare" does not cover either of these vote-buying gimmicks we cannot
He really is trying to destroy the legislative branch of our government.
I follow a different plan. It's called "pay as I promised"No one forced me to take out student loans and it isn't any other
American's(rich or poor) responsibility to pay them back. I
promised to pay back on a certain schedule when I ASKED for them and I will
fulfill that promise. No one forced these loans upon me. Lets not be lazy and backtrack on what we promised. Ya, it's
tough. I don't ever go out to eat, I don't go to the movies. I
don't have cable. My clothes are all years old. I don't go on
vacations. But it's important to me to do what I promised.
It's about integrity I owe it to taxpayers to do as I promised.
DN Subscriber:Some people interpret the clause "promote the
general welfare" differently than you I guess...
All I see is the same thing that he always does, divide people. You can have it,
Mr. President, where are you getting the money? Somebody has to pay for your
I guess I didn't hear that the loans weren't going to be paid back but
they were going to be restructured. It's so sort of like when people
consolidate their debts I guess short of bankruptcy. All I can say
is that if nothing changes and these people can't pay back these student
loans, which is now higher a figure than the consumer credit card debt, it will
be really, really bad. But maybe I read something different in the plan or
article that said that the loans would still be paid back, even with interest.
Was I missing something?
And to be fair, I also agree with McConnell's general criticisms. We
haven't done much to make college more affordable which is the real
solution. I would say starting now that the whole system going forward needs
overhauled, loans need to be less available. This would help reduce the cost of
colleges as they would have to compete with each other to make an affordable
product. Any colleges receiving funding from any government agency should have
their costs controlled to affordable levels. Colleges need to change with the
times using more adjunct professors and on-line alternatives to reduce costs.
Brick and mortar expenses should be reduced as much as possible by using these
avenues. But as far as the existing loans now, I actually agree
with the general philosophical approach here. Restructure and refinance before
the whole bubble bursts which could be or perhaps be more catastrophic as what
happened in 2008 when the real estate bubble burst.
Without checks, and balances,-you have a kingdom.
Isn't it ironic that the 99% who barricaded parks around the USA and
overseas protesting corp bailouts and big business are now the ones who support
Obama in giving the 99% a bailout............Everybody scams
everyone if your a democrat......And those who don't and are democrat
are looking for a handout...obama phone, Obamacare, Obama welfare.....Yep it's pathetic.......
I actually have to agree on this one that kids do need help with student loans
and some sort of federal loan restructuring would help. College is the key to
unlock the work force for kids and the GIGANTIC tuition costs are making college
beyond reach for many. I do worry with the way Obama approaches things - hand
outs using money we do not have - and I would feel much better if someone like
Rand Paul were in charge of this ...someone with common sense. I have zero
confidence that Obama can create a workable student loan program based on
everything else the man has tried and failed at.
keep giving other's money and our children's future away.....thanks
Obama believes in checks and balances?