#3057057 - 11/30/12 02:43 PM
Students learn of Obama's secret Pell Grant cuts
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Super8
6 Point
Registered: 07/15/12
Posts: 674
Loc: USofA
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Sorry, college students. President Obama has cut your access to Pell Grants by 33%; he just forgot to mention it before Election Day.
http://www.examiner.com/article/college-students-learn-of-obama-s-secret-pell-grant-cuts
_________________________
Don't take life too seriously, nobody gets out alive anyway.
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#3057073 - 11/30/12 02:53 PM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: Super8]
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preds1
10 Point
Registered: 10/16/09
Posts: 4512
Loc: Sumner County
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A possible $1 trillion bailout is coming—and soon.
America’s now-nationalized student loan industry just reached a value of $1 trillion, according to Citigroup, growing at a 20 percent-per-year pace. Since President Obama nationalized the industry (a tacked-on provision of the Obamacare bill), tuition has gone up 25 percent and the three-year default rate is at a record 13.4 percent.
Ron discussed this problem last night with Larry Kudlow:
With many young people unable to pay their loans (average graduating debt is about $29,000), Citigroup and others are speculating that this industry might be ripe for a bailout.
To pay off all the current defaults, Citigroup says it would cost taxpayers $74 billion. However, this number doesn’t include those who will default in the coming years, and, when the government rewards the defaulters, it will encourage more borrowers not to pay their debts.
And liberals in Congress have proposed forgiving all student loans via “The Student Loan Forgiveness Act 2012,” costing taxpayers $1 trillion.
Adding another $1 trillion dollars to the national debt isn’t exactly “forgiveness” for young people—it’s prolonging the payoff. In fact, student loan bailouts are a catch-22 for young people because they’re going to be held accountable for paying off the national debt and interest payments.
A student loan bailout will also be rewarding higher education bureaucrats for a diminished product. A college degree used to mean that a person would add on average $1 million to their income over their lifetime. Today a college degree only guarantees an average $300,000 in added income over a lifetime.
The answer isn’t a bailout. The student loan industry must to be returned to the private sector. Would a private lender ever invest $100,000 of their money in a student that had no plan? No.
It’s not about limiting access to college; it’s about making sure students have a well-thought out plan for their future before investors put a $100,000 stake in their education. College should be about specializing in a trade rather than defaulting to general studies that won’t lead to a job.
A civics education is important, but why would an employer hire someone with no applicable work skills, especially in a slow economy?
If we wish to end the incentives for bailouts, we need to hit higher education in the purse. Endless government money and bailouts won’t get our students jobs, and it won’t fix the problem.
http://www.breitbart.com/Big-Government/...t-Loan-Catch-22
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#3057102 - 11/30/12 03:22 PM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: preds1]
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Pic IN the Casa
12 Point
Registered: 03/18/11
Posts: 5915
Loc: TN
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Online
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Democrat policies are like washing some guys clothes while he's boinking your lady.
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Everyone who does evil hates the light, and will not come into the light for fear that their deeds will be exposed. John 3:20
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#3057209 - 11/30/12 05:10 PM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: Pic IN the Casa]
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DaveB
8 Point
Registered: 09/03/08
Posts: 1794
Loc: Shelby County
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Yep, You idiots voted for this disgrace and I better not hear a word of complaint. I truly am not in the mood. When you vote for an idiot, a liar, without considering what is best for this country, you get what you deserve. Let me explain to you what just happened: You have had your taxes raised. Get used to it, there's a storm coming and we are all gonna get wet. Some will drown, I believe it will be those of you with as much sense as my freaking dog.
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#3057348 - 11/30/12 06:48 PM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: DaveB]
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FLTENNHUNTER1
16 Point
Registered: 11/21/07
Posts: 14545
Loc: Tampa FL
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EAT IT!!!!!!!!!!!
_________________________
The Second Amendment - George Washington didn't use free speech to defeat the British, he shot them.
"If there must be trouble, let it be in my day, that my child may have peace." - Thomas Paine
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#3058759 - 12/01/12 07:44 PM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: FLTENNHUNTER1]
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Greg .
aPoStROpHe PolIcE
16 Point
Registered: 08/24/04
Posts: 11070
Loc: NC Piedmonts
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Yep ... election have consequences.
Enjoy the cesspool you're creating, young lIBtArDs!!
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Abandon all rational and unbiased thought. Just blame Boooosh. lIbeRaLs LIE ... lazy lIbeRaLs repeat LIES. Ø : http://obamaclock.org/
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#3059038 - 12/02/12 02:32 AM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: Greg .]
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farmin68
16 Point
Registered: 11/08/03
Posts: 12447
Loc: In a tree clinging to my guns ...
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Take from those who qualify for Pell and tell them it was a necessary cut since the 'rich' won't pay their fair share....More class warfare, AND fostering a new batch of future voters.
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Aim low, boys...They're riding Shetland ponies
Walking is generally considered to be a healthy practice, unless you’re a tyrant. - Joel Salatin
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#3059809 - 12/02/12 05:00 PM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: farmin68]
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Big Ben
10 Point
Registered: 03/08/06
Posts: 2661
Loc: North of Nashville across the ...
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Well do yall want spending cuts or not ? Qualify...or Entitled which is it ? OH I get it...as long as it only effects the other guy and not me it's good.
_________________________
Some people should thank their lucky stars that everything I wish for does not come true
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#3059844 - 12/02/12 05:16 PM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: Big Ben]
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FLTENNHUNTER1
16 Point
Registered: 11/21/07
Posts: 14545
Loc: Tampa FL
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60% of these fools voted for Obomber...
EAT IT!!!
Bwaaahahahahahahahahaaaaaaaaaaaaaaaaaaaaaaaaaaaa!
_________________________
The Second Amendment - George Washington didn't use free speech to defeat the British, he shot them.
"If there must be trouble, let it be in my day, that my child may have peace." - Thomas Paine
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#3060005 - 12/02/12 06:41 PM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: Big Ben]
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Wildcat
Non-Typical
Registered: 06/10/00
Posts: 39106
Loc: Western Ky.
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Well do yall want spending cuts or not ? Qualify...or Entitled which is it ? OH I get it...as long as it only effects the other guy and not me it's good.
THAT is the liberals way, always has been.
Other wise drop the Bush tax cuts for EVERYBODY and not just one group.
The liberals do NOT want to drop THEIR tax cuts but want other groups to drop theirs.
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A Government that does not trust its law abiding citizens to keep and bear arms, is itself unworthy of trust..... - James Madison
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#3060297 - 12/02/12 08:41 PM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: Wildcat]
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Big Ben
10 Point
Registered: 03/08/06
Posts: 2661
Loc: North of Nashville across the ...
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Well do yall want spending cuts or not ? Qualify...or Entitled which is it ? OH I get it...as long as it only effects the other guy and not me it's good. THAT is the liberals way, always has been. Other wise drop the Bush tax cuts for EVERYBODY and not just one group. The liberals do NOT want to drop THEIR tax cuts but want other groups to drop theirs.
And here I thought my post was about spending cuts not tax cuts.
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Some people should thank their lucky stars that everything I wish for does not come true
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#3060527 - 12/02/12 10:37 PM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: Big Ben]
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Super8
6 Point
Registered: 07/15/12
Posts: 674
Loc: USofA
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The point is..... Many people that voted for Obama did not see this coming !
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Don't take life too seriously, nobody gets out alive anyway.
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#3060596 - 12/03/12 01:38 AM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: Big Ben]
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farmin68
16 Point
Registered: 11/08/03
Posts: 12447
Loc: In a tree clinging to my guns ...
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Well do yall want spending cuts or not ? Qualify...or Entitled which is it ? OH I get it...as long as it only effects the other guy and not me it's good.
No, you don't get it.
_________________________
Aim low, boys...They're riding Shetland ponies
Walking is generally considered to be a healthy practice, unless you’re a tyrant. - Joel Salatin
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#3060668 - 12/03/12 06:19 AM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: farmin68]
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sawman
4 Point
Registered: 07/07/11
Posts: 352
Loc: Gods country
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Idont know about anybody else but I think they should be cut. My boy is in his 2nd yesr at Martin. We didnt qualify for any grants didnt get the first local scholarship. Some of the kids that got local scholarships that he graduated with came home after the first semester. Some didnt go back in the fall. I'm not complaining dont get me wrong we get the Hope and I'm thankful for that. the rest I've paid for myself and havent borrowed a dime and dont plan to. Not going to fool with student loans now controled by the govt. If I can do it a lot of others can do it too.
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That'll be the day.....John Wayne, The Searchers
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#3060770 - 12/03/12 07:52 AM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: sawman]
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fishboy1
14 Point
Registered: 01/13/03
Posts: 9715
Loc: Warren Co
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Federal Government should NOT be in the education business at all on any level.
That should be a local function, and grants/scholarships should be done by the schools and local charities/service organizations.
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A gun in the hand is worth 2 cops on the phone. No one can name a single power the government has granted itself that hasn't been abused. Socialism is for losers http://amillerphotoevent.com
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#3060784 - 12/03/12 08:00 AM
Re: Students learn of Obama's secret Pell Grant cuts
[Re: Big Ben]
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Crappie Luck
Non-Typical
Registered: 01/29/03
Posts: 56032
Loc: Smith Co.
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Well do yall want spending cuts or not ? Qualify...or Entitled which is it ? OH I get it...as long as it only effects the other guy and not me it's good.
The point is, Obama ran on increasing college funding and he decreases it instead.
He lied.
But somehow, you find a way to attack conservatives for pointing out his lie rather than the lie itself.
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Compromise is surrender on an installment plan
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