Lord Obama Decrees Another Victim Class

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“animis opibusque parati”

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#1
Jun 8, 2014
 

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http://pjmedia.com/tatler/2014/06/08/heres-th...

Here’s the Latest Decree from Our Sovereign Lord

via PJ Media

While the rest of us are arguing about Sgt. Bergdahl, President Obama is sneaking through another presidential decree.

This one has to do with student loan forgiveness — a nice little gift to a constituency that the president wants to turn out on election day next November.

Businessweek reports:

U.S. President Barack Obama will move tomorrow to ease monthly payments for people with student loans, according to a White House official.

Obama, in executive action coordinated with a legislative push by Senate Democrats, will direct the Department of Education to expand the number of people who can take advantage of a law capping payments on federal direct loans to no more than 10 percent of their monthly incomes.

“I’ve heard from too many young people who are frustrated that they’ve done everything they were supposed to do — and now they’re paying the price,” Obama said yesterday in his weekly address....
The cannot kill a Spook

Clayton, MI

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#2
Jun 8, 2014
 

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They should have earned degrees in something worthwhile and from reasonably priced universities. Someone going to Capital to be a kindergarten teacher on a loan is financial lunacy
Big Johnson

Columbus, OH

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Jun 8, 2014
 

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Crybaby -tip- Finds Something Else To Cry About

“animis opibusque parati”

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Jun 8, 2014
 

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Big Johnson wrote:
Crybaby -tip- Finds Something Else To Cry About
Not crying. Angry.
The student loan industry is the next financial bubble to burst.
Meaning I and every other working American will be forced by our unconstitutional government to bailout the irresponsible within our society...yet again.
d pantz

Clayton, MI

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Jun 9, 2014
 

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Big Johnson wrote:
Crybaby -tip- Finds Something Else To Cry About
Someone owes 60k and works at McDonalds... don't you?
Pope Che Reagan Christ I

Medina, OH

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Jun 9, 2014
 

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My God. Now the country's problems are the result of young people not paying their student loans back fast enough. You guys are getting further down the totem pole. You know, I think there may be some junior high school kids who have air conditioning in their school. Maybe you can organize against them next.
Reality Speaks

Columbus, OH

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Jun 9, 2014
 

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Pope Che Reagan Christ I wrote:
My God. Now the country's problems are the result of young people not paying their student loans back fast enough. You guys are getting further down the totem pole. You know, I think there may be some junior high school kids who have air conditioning in their school. Maybe you can organize against them next.
Obama claims the problem.

you best inform yourself.

is it not Obama with his pen saving all these people from loans they voluntarily took out.

if Obama erased business loan they could hire, so why not with the same stroke of the pen forgive every loan every person has?

“Meh.”

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#8
Jun 9, 2014
 
Reality Speaks wrote:
<quoted text>
Obama claims the problem.
you best inform yourself.
is it not Obama with his pen saving all these people from loans they voluntarily took out.
if Obama erased business loan they could hire, so why not with the same stroke of the pen forgive every loan every person has?
Like a bankruptcy?
Reality Speaks

Columbus, OH

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#9
Jun 9, 2014
 
tranpsosition wrote:
<quoted text>
Like a bankruptcy?
one way to let an EX lie in a bed they made.

Works too.

“Meh.”

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#10
Jun 9, 2014
 
Reality Speaks wrote:
<quoted text>
one way to let an EX lie in a bed they made.
Works too.
So, appropriate reasons to discharge debt:

[X] Sticking it to ex
[] Uncontrollable rising costs of education needed to participate in economic market

Seems legit to me
Reality Speaks

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#11
Jun 9, 2014
 

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tranpsosition wrote:
<quoted text>
So, appropriate reasons to discharge debt:
[X] Sticking it to ex
[] Uncontrollable rising costs of education needed to participate in economic market
Seems legit to me
have you seen the cost of fuel?

make that free too.
Me No Tea Party

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#12
Jun 9, 2014
 

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Yeah -- what an absolute DISCGRACE that Obama is doing exactly what all Presidents are supposed to do by Executive order:

GWB total second term Executive Orders: 118
Reagan second term Executive Orders: 168
Clinton second term: 164
OBAMA's second term total (as of today): 21

He's just overreaching at every turn isn't he????

http://www.presidency.ucsb.edu/data/orders.ph...

“animis opibusque parati”

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#13
Jun 9, 2014
 
Me No Tea Party wrote:
Yeah -- what an absolute DISCGRACE that Obama is doing exactly what all Presidents are supposed to do by Executive order:
GWB total second term Executive Orders: 118
Reagan second term Executive Orders: 168
Clinton second term: 164
OBAMA's second term total (as of today): 21
He's just overreaching at every turn isn't he????
http://www.presidency.ucsb.edu/data/orders.ph...
Wrong. Presidents are not authorized to act unconstitutionally.

...Michael Boldin of the nation’s Tenth Amendment Center explained how the system works.

“In Article I Section I of the Constitution we learn that all legislative powers reside in Congress. The executive branch has the responsibility to execute the laws passed by Congress. An executive order is not legislation. It is an order issued by the president to enforce laws passed by Congress. This is backed by the declaration that the president ‘take care that the laws be faithfully executed’ made in Article II, Section 3, Clause 5. Thus, executive orders can only be used to carry out the will of Congress (which is only supposed to be passing laws in line with the Constitution), and not to issue new policy.”

Thompson said that’s not the way reality has been playing out lately.

He said some of Obama’s orders appear to be flagrantly unconstitutional, but because it’s a presidential order, it is followed unless some individual or group challenges it and wins....
d pantz

Clayton, MI

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#14
Jun 9, 2014
 
Pope Che Reagan Christ I wrote:
My God. Now the country's problems are the result of young people not paying their student loans back fast enough. You guys are getting further down the totem pole....
http://m.huffpost.com/us/entry/2989540/ serms to think its a problem.. Whats wrong, you dont agree? Youre racist.
d pantz

Clayton, MI

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#15
Jun 9, 2014
 
tranpsosition wrote:
<quoted text>
So, appropriate reasons to discharge debt:
[X] Sticking it to ex
[] Uncontrollable rising costs of education needed to participate in economic market
Seems legit to me
Not to mention college graduate never get a job in their field... yep you summed it up really good congratulations...
Pope Che Reagan Christ I

Medina, OH

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#16
Jun 9, 2014
 
d pantz wrote:
<quoted text> http://m.huffpost.com/us/entry/2989540/ serms to think its a problem.. Whats wrong, you dont agree? Youre racist.
That article is over a year old. How in the world do you believe that it is a comment on President Obama's policy announced today?

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#17
Jun 9, 2014
 
260,000 graduates in minimum wage jobs

By Emily Jane Fox

March 31, 2014: 7:06 AM ET

NEW YORK (CNNMoney)

If you thought paying tens of thousands of dollars for a college education guaranteed a high-paying job, think again.

About 260,000 people who had a college or professional degree made at or below the federal minimum wage of $7.25 per hour last year, according to the Bureau of Labor Statistics.

Things may be looking up a little, though -- it's the smallest number since 2008. The worst year was 2010, when the number skyrocketed to 327,000.

Despite the recent improvement, the number of workers with college degrees is still more than double what it was in 2005, prior to the Great Recession.

http://money.cnn.com/2014/03/31/news/economy/...

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#18
Jun 9, 2014
 

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Some 58% of the jobs created during the recent economic recovery have been low-wage positions like retail and food prep workers, according to a 2012 NELP report. These low-wage jobs had a median hourly wage of $13.83 or less.
Reality Speaks

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#20
Jun 9, 2014
 
Pope Che Reagan Christ I wrote:
<quoted text>
That article is over a year old. How in the world do you believe that it is a comment on President Obama's policy announced today?
what difference does it make?

obama re-writes policy to fit polls.

“animis opibusque parati”

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#21
Jun 9, 2014
 
The gory details of the extended burden for working U.S. Taxpayers:

http://directorblue.blogspot.com/2014/06/shoc...

Excerpt:

"Repayment caps such as those offered through income-based repayment and other policies put no downward pressure on college prices. After all, why should colleges reduce tuition rates if the government keeps increasing student-loan subsidies? Making income-based repayment options even more generous will continue to enable universities to raise tuition and fees, confident that students will have access to a deep well of federal loans and grants, which will be paid-off through IBR and loan forgiveness on the backs of the taxpayers.

Moreover, such subsidies shift the responsibility of paying for college from the student, who directly benefits from attending college, to the taxpayer."

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