Good debate :obama:
- Thread starter DEAD7
- Start date
Brown_Pride
All Star
The government sh0ouildn't have gotten in HOW they did. The guarantee is essentially corporate welfare for the lending industry. That being said education should be paid for.
The situation is ridiculous right now. Lenders have a 100% risk free environment, of course prices are going to go up.
There are really two arguments here.
The way things are....
The way things should be....
The way things are is fuked up and the dudes arguments pretty on point, kids are being set up for failure and it's being cosigned (literally) by the government. Ironically the government will end up having to bailout these lenders....essentially paying 100% for these kids anyhow.
The way things should be is college, state colleges, should be paid for. PRIVATE colleges should NOT be paid for.
The situation is ridiculous right now. Lenders have a 100% risk free environment, of course prices are going to go up.
There are really two arguments here.
The way things are....
The way things should be....
The way things are is fuked up and the dudes arguments pretty on point, kids are being set up for failure and it's being cosigned (literally) by the government. Ironically the government will end up having to bailout these lenders....essentially paying 100% for these kids anyhow.
The way things should be is college, state colleges, should be paid for. PRIVATE colleges should NOT be paid for.
I agree 1000%(with your entire post) but the disparity between private and public colleges would cause issues itself I'm sure...
This is assuming that the private colleges would preform better than their public counterparts as they do now
Domingo Halliburton
Handmade in USA
can't wait for the taxpayer bailout of Sallie Mae....I've heard rumors already that they're insolvent and leveraged like 40 to 1.
Brown_Pride
All Star
you get what you pay for
Plus look at places like the university of phoenix and all thsoe "online" type colleges. A degree from there is acredited...and ultimately that's all that matters for like 90% of the people going to college.
THe people who were going to pay for harvard are going to pay regardless because mommy and dadums have the cash. Those who were going to get academic scholarships are still going to get those because they're smart as fuk. Everyone else wasn't going to Harvard anyway.
Create state run colleges that are cost regulated/subsidized and then go from there. .
He sonned her to bolivia.
That woman is so misguided I don't even know where to start with her comments...
This is pretty much what we were discussing here. Welfare = corporatism. It's not market driven and the results always disappoint.
It's the housing crisis all over again. This is why Obamacare will fail. It is corporatism. It's the same thing as this student loan mess. Obamacare is going to require millions to sign up, just like these colleges and universities are going to recruit millions of new students to pursue useless degrees and take out tens thousands of dollars in loans to pay for them. But in the end, we the taxpayers will pay for other people's stuff.
And for all you liberals/democrats pushing the narrative that only republicans support rich corporate interest. Corporatism has been the theme of Obama's administrations.
- Installing the VP of Monsanto as the Deputy Commissioner for Policy for the FDA
- Naming a former Goldman Sachs (how appropriate) executive as the new Ambassador to Canada just as the Keystone XL pipeline decision is on the horizon
- Allowing the VP of WellPoint to write Obamacare -- (WellPoint is the largest health insurance company in America in regards to membership, and 2nd largest health insurance in American in regards to premiums/marketshare).
