Comments about ‘President Obama moves to extend student loan payment relief’

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Published: Monday, June 9 2014 8:45 p.m. MDT

Updated: Tuesday, June 10 2014 6:18 a.m. MDT

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Chris B
Salt Lake City, UT

I follow a different plan.

Its called the "pay as I promised" plan

Its more difficult, but its about integrity to me and doing what I promised to do.

No one forced loans upon me. In fact, I requested one. I signed and promised to fulfill the payment terms and my integrity will not be compromised.

Ya, its tough.

I don't ever go out to eat, my clothes are all a few years old. I don't have cable. I don't go out and party with friends at places that cost money. I don't go on vacation.

Instead, I sav and pay back as I promised I would do.

But hey, not everyone values doing what you promised. Right barack?

dan76
san antonio, TX

Kudos to Chris B.

oddman
,

Chris' plan works for me although I did it a little differently. I worked hard when out of school and I worked hard while in school. I graduated debt free. I rode a bicycle, walked or doubled on dates and shared gasoline costs, ate macaroni, pot pies and spaghetti ran my own handyman business because I could make more working for myself. But, hey, we live in the Entitlement Era which will bring us all down to just above the poverty level.

benjjamin
Beaverton, OR

While I endorse Chris B's plan over Barack Obama's plan, I want to deviate a little from the ideal.

If Barack Obama wants to help those struggling to pay, he'll take steps to open up student loans for bankruptcy discharge. Fed Loans are a whole different animal. Regular businesses don't get the same perks the government gets. You can't discharge student loans without an adversary proceeding, which is a very expensive process. So, if I get cancer, lose all my money, savings, and ability to repay and then file for bankruptcy, I still have to hire a lawyer and pay him/her thousands and thousands of dollars just to attempt to discharge my student loans.

You promise to repay all loans. But student loans are the ones that you actually don't get to discharge in a bankruptcy unless you can afford the best lawyers and want to endure hell (the government).

But, I like Chris B's plan. Actually, I prefer the "no debt" plan. And the plan that restores the value of the dollar so people in this country can remember what it is like to pay 50 cents for a gallon of gas.

lost in DC
West Jordan, UT

BO has no concept of fiscal matters, let alone fiscal responsibility.

You sign a note that say you will pay, abide by the agreement and pay.

The taxpayer should not be on the hook for someone racking up $200k in debt to get a masters decgree in pop culture, or even $5k for a BA in social work.

Of course, with a misadministration as morally bankrupt as this one, they see no problem defaulting on an agreement. Rules obviously mean nothing to them.

Chris B
Salt Lake City, UT

oddman,

"But, hey, we live in the Entitlement Era which will bring us all down to just above the poverty level."

Remember though oddman, that's a "success" if we're all there together. Equality!

Invisible Hand
Provo, UT

Instead of doubling down on government support for students, we should accept that this is another failure of the welfare state and privatize education funding. The more money people can borrow at subsidized rates that will never have to be repaid except by taxpayers, the higher tuition will go. The winners are those who profit from the business of education and the losers are students and taxpayers.

If private money was involved we would have a tough adjustment period of falling demand for the less useful degrees and contraction of the education industry to an appropriate size.

RichardB
Murray, UT

After paying for 20 years, the remaining debt is paid for by taxpayers. Do the Democrats have any credibility left?

Bleed Crimson
Sandy, Utah

Obama's answer to every problem. More government intervention!

That's the reason why America is struggling the way it is. There is way too much government involvement. Government has a strong hold on almost every aspect of our lives and controls a large portion of our economy. The feds need to butt out of our business and let the free market correct itself and get people back to work.

"Government is not the solution to our problem, government is the problem."

-Ronald Reagan (1/20/1981)

benjjamin
Beaverton, OR

@ invisible hand

Well said.

JayTee
Sandy, UT

I think many of us knew this was coming. "These mid-term elections could be kind of dicey with all that's going on. Let's use taxpayer dollars to buy some more votes from the young people. We made 'college' so available to them (even without corresponding jobs or a sustainable economy), but the next step is to write off/pass off most of that debt, and that will keep 'em loyal for hopefully a couple more election cycles." Uh huh. I think we saw this one. Get all the young people in "college" (even phony "colleges" where the student is little more than a conduit to funnel Federally backed student aid into the "educators" pockets) so they won't blame the lack of economic growth on government taxation and regulation, and now make it much less painful for them by sticking it to the taxpayers once again. Brilliant? No, just political.

JayTee
Sandy, UT

Excellent comments by readers. I think most of us know when we're being "had," and I think we're being had once again. You can fool all the people some of the time, but I don't think any of those posting here have been fooled by this political move.

Max
Upstate, NY

Without a doubt the most economically illiterate and irresponsible president we have ever had. What will this guy do next???

A Guy With A Brain
Enid, OK

Does anyone REALLY believe these student loans are ever going to be paid back in full, including interest?

Anyone? Bueller? Bueller?.....

high school fan
Huntington, UT

Another violation of law by our president as his only answer continues to be spending others money. I suggest that next he works on car loans as cars are unfairly priced way to high by these unscrupulous car dealers. The president should void all those loans immediately.

Chuck E. Racer
Lehi, UT

This is just bribery for votes. It also promotes universities increasing the costs.

worf
Mcallen, TX

Keeping citizens in debt, and dependent on government is a way of tightening control on the people.

steamroller
Salt Lake City, UT

"Government is not the solution to our problem, government is the problem." -Ronald Reagan (1/20/1981)

Conservatives....that's odd. Government INCREASED under Reagan....the debt shot up 188% during his administration....He spent ZERO net dollars on education....he increased taxes NINE TIMES....and yet, unlike the current House, Reagan at least showed civility and statesmanship while in office to those across the aisle. His working relationship with Tip O'Neal is legendary. This current house would NEVER do that with this administration. And you conservatives don't solve anything by spreading hatred, and offering little or no viable alternatives to what you're complaining about to begin with. That's why the House is in single-digit approval ratings currently.

Schnee
Salt Lake City, UT

@lost in DC
"The taxpayer should not be on the hook for someone racking up $200k in debt to get a masters decgree in pop culture, or even $5k for a BA in social work."

A restructuring of loan repayment doesn't put anyone else on the hook for it.

Redshirt1701
Deep Space 9, Ut

To "steamroller" you know what happened, but do you know why?

If you look into the history of Reagan's Presidency, you will find something odd that liberals don't like to talk about.

Reagan made deals with the Democrats that ran Congress. He compromised with the democrat controlled congress. The Democrats promised to follow his plan in exchange for delaying spending cuts. The Democrats never enacted the spending cuts as promised, but continued to spend as much as they wanted.

What we learn from Reagan is to not compromise with the Democrat party.

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