Obama to take executive steps on student loans

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  • worf Mcallen, TX
    June 10, 2014 12:07 p.m.

    Obama believes in checks and balances?

  • boneheaded, but not a smidgen SLC, UT
    June 9, 2014 3:45 p.m.

    keep giving other's money and our children's future away.....thanks barry

  • patriot Cedar Hills, UT
    June 9, 2014 12:29 p.m.

    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.

  • TRUTH Salt Lake City, UT
    June 8, 2014 2:52 p.m.

    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.......

  • worf Mcallen, TX
    June 8, 2014 11:56 a.m.

    Without checks, and balances,-you have a kingdom.

  • Howard Beal Provo, UT
    June 8, 2014 11:52 a.m.

    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.

  • Howard Beal Provo, UT
    June 8, 2014 11:41 a.m.

    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?

  • Third try screen name Mapleton, UT
    June 8, 2014 7:39 a.m.

    Mr. President, where are you getting the money? Somebody has to pay for your largesse.

  • george of the jungle goshen, UT
    June 8, 2014 6:17 a.m.

    All I see is the same thing that he always does, divide people. You can have it, you can't.

  • Howard Beal Provo, UT
    June 8, 2014 2:08 a.m.

    DN Subscriber:

    Some people interpret the clause "promote the general welfare" differently than you I guess...

  • Chris B Salt Lake City, UT
    June 7, 2014 9:58 p.m.

    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.

  • RichardB Murray, UT
    June 7, 2014 8:45 p.m.

    He really is trying to destroy the legislative branch of our government.

  • DN Subscriber Cottonwood Heights, UT
    June 7, 2014 8:17 p.m.

    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 afford.)