Forum Post: changed my mind, voting for Obama now. student loans forgiven!
Posted 12 years ago on Oct. 26, 2011, 6:14 p.m. EST by number2
(914)
This content is user submitted and not an official statement
Hell yeah! forgiving the student loans. Sucks to be a tax-payer but the bankruptcy is inevitable already. In addition, everyone is taking advantage of the system, so I don't feel bad at all. Hope and Change!
This is being done for one reason. The unyielding congress will not allow for any relief to those thousands of people whose savings, health care, jobs and homes have been lost due to out of control corporate greed. Not all corporatiions, but too many have tipped the balance.
It's often been argued that WWII, not the "New Deal" ended the Great Depression. However, after two wars that profited only a few corporate actors, we still find ourselves in an economic abyss. Thus, more evidence to show that "New Deal" stimulus was likely what contributed to America's rise out of the Depression. Was FDR Wrong? No--Is Obama wrong? Absolutely not, he put a cork in this country's freefall. What disturbs me the most is that many who call themselves Americans are actually glad to witness and even moc -and marginalize those who are the long-term casualties of the mistakes that finally came to roost. Wrong war, Wrong economic regulation, Wrong security measures, Wrong to even consider voting the people who got us here back into office. May God forgive us all.
Damned trolls.
I just had to get a few people riled up. This is a perfect example of why the country is in decline. Everyone is doing what is best for themselves and very few are doing what is best for the country.
Can you buy my vote? What incentive is there for me to do the right thing? If I do the right thing am I not just a fool for letting everyone else take advantage of the system, while I hope for a utopia that will never come? Am I not a fool to vote for myself to pay thousands more than I have to, just so I can be an honorable and honest man? All the while the country is dishonest, dishonorable and amoral.
Am I not a fool to have integrity, when the government has no integrity? It starts with the government. If the government is without integrity the whole country, is a pack of fools, to have integrity.
This country was once great. That's not the case anymore. The standard of living and freedom was unparalleled because what the founding fathers did in conceiving the constitution and this republic. They did what was best for the country and the American dream came of it, where we could all enjoy the highest standard of living in the history of the world. Now we enjoy the largest debt in the history of the world.
It's sad and pathetic, how degenerate we have become. I guess that's the story that will be written in the history books about the fall of the American empire.
You are absolutely correct. This country is run by big corporations and big banks. Why should the corporations and banks be wasting so much money on lobbyist and the public waste so much money on congress, senate and president when it is obvious they don't run anything? Let's all save some money and cut Washington out. We can just take our direction straight from the corporations and banks. Take the money the public is wasting on a puppet government and what corporations are wasting on lobbyist and put it to better use.
The standard of living was in fact an average life-expectancy in the mid-30s, and as for the standard of freedom ... hello ... slavery?
As for "the American empire", getting rid of it would be an excellent way of balancing the budget.
Think of it as stealing the world's money. While simultaneously exploiting their labor to make cheap products for us. Because that's what it is. Right?
I don't know. How do we not bankrupt the country and not cause a total economic collapse, while doing all this?
We should bankrupt america. Then there won't be any corp. execs to ruin it! LOL!
sometimes I wonder. It's all ready bankrupt. Unless you can pay my share of $200,000+
There is no worry of bankruptcy with a third world country, they had no money to start with. We install banks and loan the money to create the machine that allows us to exploit them. As the money comes into their country for their products, it's flushed to the top, to their corrupt governors, who return a very small portion to the population, feeding them and very gradually increasing the standard of living. Our corporations profit, Americans have cheap products, and the banks make their interest. It's a way of expanding markets on both capital and products that would not otherwise be available to us. Kinda like auto leasing.
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I like the line you are forming better than many others suggested. Whoever buys mine will have to go to the polls and use it, I damned sure will not.
that's funny shit. lol
The standard of living is better than it's ever been. Name a time in the US where more of a percentage had a better living standard than any other time.
If everyone did what was best for themselves then the country would be a better place, instead you have a bunch pf idiots acting like they are entitled to something because they were born.
There are more children living in poverty today then there were 4 years ago. There was lower unemployment 4 years ago than today, you know, before wall street crashed our economy..
So because there is a temporary recession which is a simple part of the cycle of economics, the world is over and we needs to rebuild society. Wall Street's the scapegoat to you, if Wall street was gone tomorrow, the economy sure as hell would not recover any quicker. Besides I'm doing better than I was 4 years ago and to me that's all that counts. Look out for yourself instead of worrying about the supposed evil's of Wall Street. Read an economics book you might learn something
temporary? this is over 3 years now..and more shutdowns and closures. temporary. i see. you wont believe it til your company shuts down.
3 years on the scheme of an economic cycle is still short term, your a fool and have no clue what your talking about, so don't ever talk to me again, you understand
you mean 'i will not read what you say anymore' do you not?
I'm not worried about me and trust me, I'm always looking out for #1. I certainly don't need to be well read like you academic, elitist types. I used to work two jobs, bust my hump, hardly see my daughter, just to give her a middle class life, but I stopped being a sucker a while ago. Now, I just manage my and a couple of friends and my uncle's money. I do momentum trades; short term. I make more money in about 30 minutes than I used to all week. Only have to pay attention for about 3 hours in the morning and less than 2 in the afternoon. Only thing that sucks is that we all pay taxes like regular income on those short term gains. Maybe we can fix that? I'd love to be taxed carried at long term cap gains interest like the whales. As far as hard work goes; that is truly for suckers. But I care enough about them (not personally; just in general) to want things to get better.
Here's a tip. Once Euro/Dollar gets to 1.42, there is gonna be a sharp pullback. Will be hitting oil hard. Dow will be breaking through 12,000 next 5 trading days.
their eventually gonna find out ,, just like bernie and quit crying over how much tax you pay!
But its not fair that those whales are paying 15% and I'm paying regular income rates.
Do I really care about your oh so exciting day trading life
You can give a dog a bone but can't make him shit on it. I gave you a shot to break out of your looser life, but you ain't gonna take it? Have fun with the rest of the poor slobs.
I guess you truly are above us "elitist" types. Wow I should be so thankful for the "shot" you gave me, I'm not
The DOW shot through 12,000 this morning, just like I said. I made for myself and clients 7% on my triple long, overnight. Real hard work. I gave you a shot. Oh well. I guess you don't like to make money. How's that working out for ya? I hear that Wells Fargo is offer 0.05% annually on their savings account. Sound like a great investment. NOT.
Man I am really kicking myself, why didn't I take the daytraders shot he offered me on the Occupwallstreet website the other day, life is ruined.
hahahahahaha.
You weren't born then and apparently, your programmed outcome-based and no child left behind education programming did not enlighten you to passed recent times in which wealth and prosperity, at least the necessities of life, was available to any able bodied person that would show up and be productive.
The standard of living is better than it's ever been only for the very wealthiest, whose wealth has largely been able to be accumulated, and virtually tax free, due to laws that were bought from elected servants with no right to sell them, and to the benefit of a very few and at the expense of the hard working masses barely able to afford good food, housing and educations for their offspring.
Roll back only 50 years and the numbers, to your very question, do not lie.
btw... I'm all for having to qualify and be approved to procreate in light of the insanely overpopulated conditions on this planet.
Are you aware that some countries, which have no globally financed, bought and sold, debt, do indeed require pre-approval to procreate?
The acute over-population condition is why there will indeed be another massive global conflict, in which many young men and women, will be exterminated.
It is inevitable.
That's right the modern beleif that everyone 50 years ago lived the Ozzie and HArriet lifestyle is a tv myth read a book and not watch a movie once about history. Man you rant from one thing to the next, from the 50's/ 60's being like happy days, to EEVUL rich folks, to overpopulation, to human birthing right. I doubt you know much about any of these subjects but if you to rant some more with some statistics you found quickly on wikipedia go ahead.
Just look back 20 years ago, the concentration of real wealth was not nearly as dense as it is now and there actually were a higher percentage of people earning an actual living wage.
Even 20 years ago, you'll find that the distribution of wealth was not nearly as concentrated as it is now.
Do you actually even have a high school diploma?
High school diploma comment from a person who get's their statistics and history from TV. Who cares about the distribution of wealth, worry about what you have and are going to get, not that somebody else has more. You could also argue the distribution of body masses was very different 20 years ago. Does that mean the Fatties of the world are somehow being cheated by the healthy. It's a foolish focus of thought.
Fuck off roloff
thank you
I would say if everyone did what was best for themselves, while maintaining their integrity, obeying the law and being honest, the country would be better. But all I see is piracy.
Yeah well it's never going to work that way, because people are imperfect and the majority of piracy isn't coming from CEO's, I see it coming from lazy union employees, disability/workmen comp fraudsters, and a bunch of dumb college kids who feel entitled to being at the top because they went to "college".
it's nearly everyone. I think it has become American culture.
It's not everyone and it's a bunch of fools that do it and then justify it by saying everyone is a bunch of degenerates like me. The OWS movement is full of the most privilieged people that ever lived on this planet and actually think their entitled to something more because they were born
I just noticed your first post and we should be greatful to be born in America but the standard of living is not what it was a year ago. Look at our inflation. We were all better off last year. And 10 years ago much more so. 20 years ago the jobs had not been all shipped over seas. The government lies and tells us we have 9% unemployment right now. Presidents don't get re-elected above 7.2%. So no I think it's pretty clear that the standard of living has gone down quite a bit.
Recessions happen, jobs get shipped overseas because the average union laborer is lazy and demands $26/ hour and on top of that fakes a workmen comp claim (I really know this). And no the standard of living is the highest it's ever been historically definitely within the last three years. People have more of a % of disposable income than at any other time in history, but no youdeserve more because you are jealous that others have more and you were born. Our inflation is actually very low and has been for the last 30 years, so I have no l clue what you are talking about.
the standard of living will improve from technology alone. the problem is which slices of the population have a growth in income. crony capitalism has been funneling all this wealth to the top.
Really? More income should be funneling to you then right? Why?
it shouldn't be funneled to anyone, if you have a normal functioning capital market free from cronyism then all slices of people will enjoy bigger pieces of pie.
hard block. ows is not for obama, obama is a problem and the problem. we need a third party 99 percent party. not obama. obama is part of the problem. please do not post this bs, we do not want to hear any more about obama.
http://video.search.yahoo.com/search/video?p=obama+is+a+corporate+tool
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=433&topic_id=270907&mesg_id=270907
http://www.blackcommentator.com/271/271_kir_obama_tool_us_imperialism_printer_friendly.html
http://www.youtube.com/watch?v=VthTqvV0WrI
http://www.youtube.com/watch?v=cCRnkamitVk&feature=related
obama is an oligarch. obama is 50 new nuclear plants. obama is a health care law built for the corporations and against the people. obama is denial of kyoto protocol. obama is two new wars. obama is Bush continuation. obama is corrupt. obama is ignorant. obama is the enemy of the people.
I didn't want to hear about Obama until this morning. Now I'm going to buy his biography.
Yeah, that sounds great. No need to worry about personal responsibility.
Yeah, more free shit! Obama says so!
maybe instead of putting yet another stupid temporary fix on top of a broken system, we should take a look at why it's broken in the first place and fix that? ie. 100% government guaranteed student loans comprising of 85%+ of the student loan market?
lenders don't care if they get paid back, the government doesn't either - and actually gets MORE money if you default - and will make more money the more they lend, so any amount colleges ask for, the lenders and government will happily hand out. only an idiot would think the current system would anything BUT create an explosively rising cost of tuition and mountain of debt.
Some people say it's alright to do what's best for your state and then they bring home the bacon to their state. But that doesn't help the country, either. Anyways, my point is that we are all doing what is best for ourselves and in the process, look what's happened. College students are getting screwed. Maybe if you are getting a masters degree in painting then you are screwing yourself but to those of us in science, engineering and other useful fields, it's a bad deal. But Goldman Sachs votes for themselves, unions vote for themselves, public employees vote for themselves, big pharma.....
Maybe OWS will vote for the country and save it.
BTW I'm not a troll I'm a libertarian and I'm messing with you because it's so easy to do.
The argument is invalid when all people are equal but the corporations have more influence. They can do allot more to help themselves than anybody else. The effect of stretching out payments only leaves students in debt so long that they will still be paying those loans when their children go to college and apply for that same prolonged debt. Generations of overlapping debt payments, what a scam. The enslavement continues. You want to be libertarian, support no loans at all. If you can't afford it, do something else. A family member of mine avoided that situation and didn't get their Ph.D. until in their fifties. Now they teach at a university. That is libertarian.
Yeah that is the sad state of our education system. We might be able to afford it one day in our 50's if we don't get loans. Obviously, these views of getting government goodies are not libertarian. But only in a perfect world can we be libertarian. People just won't go for it at this time.
A better question for everyone out there is why does a liberal arts degree, even at a state college, cost 15-20K per year? Why do schools, like Princeton, with 5 billion in endowments still charge their students 40K per year? Easy money, that's why. The cost of a college education has risen as the availability of easy money has as well. The student loan bubble will eventually hit, just as the housing bubble did. College kids, with no income to speak of, are handed 20K-100K in money with no collateral, and then they are supposed to pay it back...nothing Obama said today is going to change anything, other than lower your monthly payments and stretch your loans out for a longer period of time. But the heart of the problem is universities being able to charge outrageous amounts because they can. Don't see anybody occupying any campuses? How about asking them about the amount of money they take in? Guess not, that wouldn't be politically correct.
too little competition for the universities?
sure, competition is a part of it, but more so, the ease of borrowing. This is exactly what happened in the housing market. My son goes to Rutgers, now we told him that we would pay half but we wanted him to understand the cost of things so he will end up with about 16K in loans (as he went to a community college for his associates which we paid for in full). He works and goes to school, but based upon his salary right now, even 16K is more than he should qualify for. Once you loosen the lending standards, people end up taking out much more money than they would have if they were held to certain standards. I feel for these kids, I really do, they have been told they must have a college degree (4 year) in order to get a job; they've been sold the idea from the time they are in middle school that they have to get into the 'right' school only to now be stuck owing more than a first mortgage, is sinful. I blame our government more than anyone else as they are complicit with the universities.
That is very smart of you. How many of us don't appreciate what is just given to us?
He's promoting consolidation, reducing payments as a matter of deferment for 1.6 of the 36 million borrowers, but he is not forgiving any loans.
Any evidence to back up that statement or are you just a troll?
Check the news! Obama said it today in Denver.
I am up on the news. He said nothing of the sort. Stop lying to people.
that was a mispeak. We never lie and if we do it's called mispeak.
Double-plus-good for you.
You're an easy lay.......
Who told you?
you did. I can't imagine any person, having one shred of faith in themselves, so easily sucked into a rigged game of shit like voting for a bought and paid for cawlksoaker, like Obama, just because he tossed your "for sale" pole polishing ass, a few pieces of silver.
People like you are just as much of the problem as the golden parachute treasonous thieves and all our elected officials who sell what they have no right to sell, just like Obama and your student loan you never intended to repay and the unaccountable Fed.
I'm glad I see things different than people like you, and that I worked my ass off to pay for college degrees, of which not all, bear my own name.
good luck son, I hope welfare, food-stamps and/or your entitlement complex sustain you.
Please, do everyone a favor and vote your future away right after you get sterilized.
You're just soar that I'm getting a better deal than you with my man Obama. You should've had your own Obama when you were my age.
Yeah man, I'm "soar". I can certainly ascertain that any student loans given to you were as shaky as many of the equally foolish home mortgages which working, competent people, for the time being, are still saddled with the speculative and imaginary losses associated.
I bet you'll be drafted at least as an E-2.
whatever. I just signed the paper. I was never going to pay.
I don't see how you could earn enough to repay even 1000 bucks if it remotely depended on knowing the difference between "sore" and "soar".
I recall a past employee, that I bet was a lot like you. I asked him to sweep the floor and he replied, "excuse me, I have a college education"... I grabbed the broom and told him, "Oh ok, I'll show you how."
Don't believe it. It's bullshit. It will cost too much and if it did happen. there would be a lot of stipulations attached to it. They also promised loan forgiveness for teachers, if you work in a low-income, public school for 10 years after graduation. However, since 2009 NYC as well as other states have had a hiring freeze in public schools. So much for loan forgiveness. It is just an election tactic.
But the Fed can just print the money and give it to students. If they can do that for the bankers, then they can do it for me.
Wish it were that easy ;)
I can't support a candidate that does not move to end war
There's no one left to vote for. We need a new party. One that is actually for the people and not owned by the corporations. I heard that in some countries in Europe, each candidate has a fixed amount of campaign money that he or she is allowed to use for their campaigning efforts, and if they cannot come up with the money through donations, then the government will help them get to that fixed amount. I don't know if it is true, but if it is, then I think that it is a better idea because candidates sell out to those that help them get elected and then we pay the price for their debt.
oy
is it conceivable that other people concerned about the direction of the world
might already be involved in party politics?
but if he ends my debt that's pretty rad for me, don't you think?
I haven't been able to pay off my debt
not having to pay it won't change my life
Agreed, OP is hopeless . No offense but it will never happen. Careful here remember what Obama touted to get elected? Did ANYTHING he said happen.
It is not about Obama or the his equal opponents from the rep. This a about being victimized by some bank CEO's, Wall street lawyers, and government that sold us out!
Not one protest movement had ever looked as successfully as this one at it's beginning!
My Gratulation to the people that have the courage to stand up!
Yes but I will be less victimized if I don't have to pay for the crappy education system in this country.
well Wall St. was reformed was it not? Healthcare was reformed, was it not?
YES - And it helped WS & insurance companies. You would expect that though, seeing that the bills were written by their lobbyists
2,000 pages can't be wrong.
They needed all of those pages to fit in the loopholes!!
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Thousands of dollars I don't have to pay works for me.
That is why we need to donate!
https://donate.barackobama.com/page/contribute/o2012-donate-main
If we help Obama, Obama will help us!!
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Good Idea. In Oz, we always do something again if it is an epic fail the first time. That's why I'll be voting for Obama! PS smoking pot is good for your ability to think. I'm proof of that.
But this is good for the country to have educated people contributing to the economy.
sucks to be the people who saved up for their sons and daughters education so they did not have to take out loans. Just to be told that "its ok to not save up, to government will bail you out."
that does suck for those people. But not for me.
I wish he had said that but unfortunately he did not. Only that we may be able to reduce payments from the current 15% of discretionary income to 10%. That ain't a free ride. I wanted a free ride.
Exactly. WTF was I thinking when I dropped ~$80K for my kid's school.
I'm about tired of being the responsible schmuck. Screw it. From now on I'm just going to climb on the gravy train with everybody else.
yeah you should. Now that I'm experiencing the gravy train, I like it a lot. Everyone should get more gravy, I think.
If it keeps up, there aren't going to be enough schmucks like me left to make the gravy.
You're missing the point. Don't make the gravy. Have the gravy that's what Goldman Sachs does. So if they're going to get it we all should get it.
Sorry guy. You're talking to one of the people in the middle. We get F'ed from both sides and don't even get a reach-around. lol
Well isn't it funny that some middle class people vote for the people that make them poor? I'm voting for the people that don't make me poor.
btw... you'll be the in the first wave of expendable punks that are drafted and eaten by Chinese, Russian and Indian troops...
mark my words
btw... you'll be the in the first wave of expendable punks that are drafted and eaten by Chinese, Russian and Indian troops...
mark my words
You'll always be poor and bankrupt. Enjoy your lonely unproductive life.
No, those people will just make EVERYONE poor.