Article

2016-07-20 Economy

Obama Admin: $1.3 Trillion In Student Debt Is Good For The Economy!

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Posted by Besoeker 2016-07-20 02:46|| || Front Page|| [11129 views ] Top

#1 Only if you subscribe to Wharton School debt-driven economic policies.

Posted by Mullah Richard 2016-07-20 08:21|| 2016-07-20 08:21|| Front Page Top

#2 Just pass a law that every entitled american citizen becomes a PhD in the hour of birth.

Posted by g(r)omgoru 2016-07-20 08:32|| 2016-07-20 08:32|| Front Page Top

#3 Just pass a law that every entitled american citizen becomes a PhD in the hour of birth. Posted by g(r)omgoru

Great idea g(r)om! This coupled with gov't mandated 'demographic declarations' at the end of employment applications should do the trick.

Posted by Besoeker 2016-07-20 08:36|| 2016-07-20 08:36|| Front Page Top

#4 Well, the Donks always were for indenture servitude in one form or another. We keep you alive to serve ~~this ship~~ the state. ~~Row~~ Vote well, and live.

Posted by Procopius2k 2016-07-20 08:57|| 2016-07-20 08:57|| Front Page Top

#5 Of course the indentured servant economy is good, because it involves white slaves.

Posted by regular joe 2016-07-20 09:04|| 2016-07-20 09:04|| Front Page Top

#6 ... through higher labor productivity and faster GDP growth.

Yep - we've seen plenty of that recently!

Posted by Raj 2016-07-20 09:34|| 2016-07-20 09:34|| Front Page Top

#7 If they were worthwhile degrees, there would be at least a sliver of an argument. As they are 5-6-7 year womyn's studies and queer science degrees, not so much...

Posted by M. Murcek 2016-07-20 10:59|| 2016-07-20 10:59|| Front Page Top

#8 It's good for the scam artists' economy.

Posted by Abu Uluque 2016-07-20 12:22|| 2016-07-20 12:22|| Front Page Top

#9 Federal student loan programs help like he said, if they can be paid off within a few years... Mine were paid off in about three years, with a hefty, but not burdensome, rate - about 8% of my gross, IIRC. As a civil engineer.

But I gotta idea - have the Feds pay off the interest!

Sounds like a plan, until I remember where they get 'their' money.

Posted by Bobby 2016-07-20 12:50|| 2016-07-20 12:50|| Front Page Top

#10 It's certainly been a bonanza for the government-banker-educrat complex, i.e Democrats.

Posted by Cravirt Flusong7056 2016-07-20 13:40|| 2016-07-20 13:40|| Front Page Top

#11 My student loans, as little as they were, cost me 1.5% interest and that only started some time after I graduated. I was making more on my savings in my bank account than that, so I paid them off as slowly as legally possible.

Posted by Anguper Hupomosing9418 2016-07-20 14:13|| 2016-07-20 14:13|| Front Page Top

#12 Lady(?) in the photo must pay the bare minimum amount ($25/month). Let me guess.. she didn't major in economics....

Posted by CrazyFool 2016-07-20 15:02|| 2016-07-20 15:02|| Front Page Top

#13 It's certainly been a bonanza for the government-banker-educrat complex, i.e Democrats.

Like I said, Cravit, it's good for the scam artists.

Posted by Abu Uluque 2016-07-20 15:35|| 2016-07-20 15:35|| Front Page Top

#14 Its broken window economics. The type of model where its argued that a broken windows is good since it generates business for the window company and installers.

Posted by CrazyFool 2016-07-20 15:39|| 2016-07-20 15:39|| Front Page Top

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