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Comment Re:Subsidies inflate pricing. (Score 1) 1797

The reason the federal student loan program exists is because it ISN'T profitable to make that loan. Most kids are going to default, and the banks will be left holding the bag.

So you're saying that the government SHOULD be making loans to the kids that are virtually destined to default? How is that good for the government or the kid? Who does that help? Because that is exactly what is happening today. Kids graduate or drop out, and have no job and student loans that they are drowning in. It's a NO WIN situation for anyone. And i have some personal reference to this. My ex-gf had $80,000 in student loans for her degree (Sociology) that she couldn't get a job in. She has to live with friends just to get by paying her loans that she differed as long as possible.

The loans SHOULD be given out based on criteria. What major is he/she applying for based on hiring numbers? What is the track record of the student? What is the track record of the student’s family? If it’s a student that has mediocre grades, applying for a major in Sociology/English/History, and who’s parents wouldn’t be able to support the kid into his mid-20s if need be, then they shouldn’t be able to take out $25K+ in loans. All you are you are doing is setting that person up for failure by doing so.

Are you going to tell me next that the government should be handling car loans too, because banks aren’t willing to accept car loans that they know are destined to default?...This was PART of the problem with Fannie Mae and Freddie Mac. The government wanted to make sure that low income people could afford homes so the banks had to accept applicants that had ridiculously low credit ratings. That wasn’t the only problem with the housing crash, but one of the many.

Comment Re:Subsidies inflate pricing. (Score 1, Insightful) 1797

His solution is to let the private industry handle the loans. There are plenty of banks you can get student loans from.

There's no need for the government to be handling anything that the government hasn't been given expressed rights to do via the constitution, and especially anything that the private industry can do themselves.

Why is it that you think that if the government can't do it, no one can?

Comment Re:Other thing that will erase Government Programs (Score 1) 2247

There's a HUGE difference between being isolationist and what we are right now. We have troops scattered around the globe in over 150 countries. http://en.wikipedia.org/wiki/United_States_military_deployments

There's a difference between holding out in joining a global war against a country with missles/planes/bombs (Germany in WWI and WWII), and deploying hundreds of thousands of troops to root out and fight what is essentially a large non-government funded cult with AK-47s and IEDs.

"Desert Storm" = good
"War on Terror" = bad

The Roman Empire didn't falter because their army sucked. It faltered because it decaded internally financially like a cancer until it got so bad that they couldn't defend themselves. This is what's happening with the US. The financials are in such dire straits that we will eventually be unable to afford the best military in the world and we will begin to collapse and there will be nothing we can do to stop it.

Comment Re:Small business (Score 1) 2115

You're joking right? It's not as if every company takes their profits and just puts it in the bank for no reason, or goes into personal coffers somewhere. Most of the profits are turned around to try and grow their companies. Tax that money more, and the growth slows an equal amount.

Comment Re:Total Lack of Cognitive Dissonance (Score 0) 2115

I understand your point, but I hate when people use teacher's salaries as a measuring stick. Teacher's salaries are 30-40k a year for 8 months of work and they get to chill off and on for a quarter of the year. They can get summer jobs just like students can and raise that salary from 30-40 to something around 40-50k depending on the job they're doing. Vacation has worth. 4 months is ALOT of value.

Comment Re:Tax planning and rich people (Score 1) 2115

First off, your post is so off base i'm inclined to think it's sarcasm. Rich people do not use more public services. If anything they use less because they don't need the government doing things for them when they can just buy it themselves. Medicaid? No. Public Transportation? No. Welfare? No. Any of the other hundreds of services for lower income people that rich people aren't allowed to use? No.

But regardless, lets assume your first statement is accurate. Rich people pay more money than poorer people, regardless of what the percentage is. Even if millionaire salaried people were taxed at a lower percentage, they're still paying more. Take the following for example (even though this is more hypothetical than realistic considering most multi-millionaires have an actual job and don't just live off of stock trades like Warren Buffet):

$1,000,000 * 0.15 = $150,000
$20,000 * .25 = $5,000

So again, why would a rich person need to pay a higher percentage, even if they did use more public services, when they are already paying more money for those supposed greater public service benefits?

Comment Re:Implications (Score 1) 522

The world population doubles about every 75 years. In 200 years we'll be at nearly 50 billion people if we stay on the same rate. It took thousands of years for us to reach 1 billion in 1804. It's reached 7 billion in 200 years since then.

It's going to be survival of the fittest, smartest, and richest. Countries will be at war against each other and against themselves as more and more people starve. Eventually America will have the same issues as we financially won't be able to fund social projects for the under-privileged as food, fuel, and everything else regarding life skyrockets in price as supply will not be able to keep up with demand. There's simply not enough food to go around, and people are going to die and rebel

In the end, dogs and cats will be living together and humanity will be on the brink of collapse.

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