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#3057057 - 11/30/12 02:43 PM Students learn of Obama's secret Pell Grant cuts
Super8
8 Point


Registered: 07/15/12
Posts: 1516
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
_________________________
You could save more innocent lives by taking pens away from politicians than by taking guns away from law-abiding citizens.

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#3057073 - 11/30/12 02:53 PM Re: Students learn of Obama's secret Pell Grant cuts [Re: Super8]
preds1
12 Point


Registered: 10/16/09
Posts: 6548
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]
Pic IN the Casa
TurdFarmer2.0
16 Point


Registered: 03/18/11
Posts: 10035
Loc: TN

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Democrat policies are like washing some guys clothes while he's boinking your lady.
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Tolerance now means OBEY!!!!


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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]
DaveB
10 Point


Registered: 09/03/08
Posts: 4671
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]
FLTENNHUNTER1
16 Point


Registered: 11/21/07
Posts: 16492
Loc: Tampa FL

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EAT IT!!!!!!!!!!!
_________________________
"The fore horse of this frightful team is public debt. Taxation follow that, and in its turn wretchedness and oppression."
--Thomas Jefferson

17.9 Trillion http://www.usdebtclock.org/

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#3058759 - 12/01/12 07:44 PM Re: Students learn of Obama's secret Pell Grant cuts [Re: FLTENNHUNTER1]
Greg .
aPoStROpHe PolIcE
16 Point


Registered: 08/24/04
Posts: 11122
Loc: NC Piedmonts

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Yep ... election have consequences.

Enjoy the cesspool you're creating, young lIBtArDs!!
_________________________
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 .]
farmin68
16 Point


Registered: 11/08/03
Posts: 13848
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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#3059809 - 12/02/12 05:00 PM Re: Students learn of Obama's secret Pell Grant cuts [Re: farmin68]
Big Ben
10 Point


Registered: 03/08/06
Posts: 3564
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]
FLTENNHUNTER1
16 Point


Registered: 11/21/07
Posts: 16492
Loc: Tampa FL

Offline
60% of these fools voted for Obomber...

EAT IT!!!

Bwaaahahahahahahahahaaaaaaaaaaaaaaaaaaaaaaaaaaaa!
_________________________
"The fore horse of this frightful team is public debt. Taxation follow that, and in its turn wretchedness and oppression."
--Thomas Jefferson

17.9 Trillion http://www.usdebtclock.org/

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#3060005 - 12/02/12 06:41 PM Re: Students learn of Obama's secret Pell Grant cuts [Re: Big Ben]
Wildcat
Non-Typical


Registered: 06/10/00
Posts: 42616
Loc: Western Ky.

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 Originally Posted By: Big Ben
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.
_________________________
Obama, “the very danger the Constitution was designed to avoid." Liberal law professor Jonathan Turley.




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