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Bernie Sanders Embarrassing Tweet Says it All[W:51]

Re: Bernie Sanders Embarrassing Tweet Says it All

Thats how we get 18 trillion in debt.
As shown in post #105, tuition free college at public universities is easily affordable with a FTT tax.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

And who is responsible for the types of individuals placed in high government seats that make those types of decisions?

The voters of course. They vote like Frank claimed, with their heart, and no thought to consequences.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

The voters of course. They vote like Frank claimed, with their heart, and no thought to consequences.

And we, like the rest of the world, are bankrupt...and won't admit it. Time for all nations to rest their debt clocks and start over.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

DEBT, Jonny. DEBT!

Our debt has not accumulated because we are spending so much on social programs. It is because we are fighting wars we cannot fund...and so we go into debt because of the wars.

We CAN fund those wars. We collect 1.4 trillion in income tax alone. And another 400bn in corporate and excise taxes. Thats more than enough to fund defense, much less the active wars direct costs.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

Here's the thing...

Student loans exist to make the gov money, they see it as a form of enhanced taxation. College tuition has been rising, and so have student loans. The government's answer has been to throw more money into loans and do nothing about the problem of the massive and exponential increases in the cost of higher education.

When you start grad school you get hit with the biggest burden with rates at 6.0%+ (my first year was 6.8%) and grad plus loans to cover the rest to the tune of rates beyond 7% (my first year was 7.9%).

The average student in a professional program is going to borrow 150k+ per year, with that number growing increasingly. The system is set up to screw over graduate students and hit them with big bills to fund the gov and essentially subsidize the loans of those who overspent to get a cruddy undergrad degree.

Higher income earners like physicians, pharmacists, lawyers, etc require professional doctoral education to the tune of hundreds of thousands of dollars in cost. The wages are over six-figures. Tax deductions on student loan interest ends once you make more than roughly 75k. The system is set up to where not only do you pay higher federal income taxes due to higher wages, but you'll also have a higher debt burden and more interest profit the government makes on higher earning individuals after school. It's a double whammy with the taxes and the loans. Democrats did nothing to fix it, Republicans don't have a viable plan. In the long run you make more than peers, but the amount of wealth you get to keep for yourself and your prosperity are taken from the gov because you have the money to take. They really don't care, it makes them a killing to farm out grad students who can afford to make higher payments. It's corrupt and wrong. I highly doubt Sanders would do anything substantial about it, Obama didn't (and arguably made things worse) and their focus seems to be on the fools that spent 100k+ to get worthless bachelor's degrees from overpriced preppy schools who can't afford their debt bill waiting tables or making coffee at Starbucks.

Good point. But consider that Pell grants handout 28 billion a year. So in essence theyre taxing the middle class with loan interest to fund grants for the poor.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

And we, like the rest of the world, are bankrupt...and won't admit it. Time for all nations to rest their debt clocks and start over.

How is it possible for a government that has unlimited ability to print/tax/borrow to be bankrupt? Bankrupt generally means that someone can't pay their bills (although technically it means that they filed legal papers for bankruptcy protection).
 
Re: Bernie Sanders Embarrassing Tweet Says it All

Good point. But consider that Pell grants handout 28 billion a year. So in essence theyre taxing the middle class with loan interest to fund grants for the poor.

Which is why I believe that we should end the Pell Grant program, and replace it with an expansion of the student loan program with lower interest rates. If a middle class kid has to go into debt to pay for his college, so should a poor kid.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

How is it possible for a government that has unlimited ability to print/tax/borrow to be bankrupt? Bankrupt generally means that someone can't pay their bills (although technically it means that they filed legal papers for bankruptcy protection).

I think that the unlimited ability to print money is called counterfeiting. But I could be wrong.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

Means students are behind in paying their loans at a rate 15 times higher than secured mortgages.

And what's the rate of student loans being paid off, even if late?





Like I said before, student loans are the safest, most secure loans out there, you just have to be willing to potentially play the long game.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

You were changing course. The thread is about sanders education proposal, which has nothing to do with corporate welfare.

I, well, when you made a comment like the one I responded to, I thought you must have been disparaging welfare in general...but I guess you were being very specific about the sort of welfare you don't like.



My bad.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

Defaulting is just a lack of regular payment.
You can do that.

Now if they go to court and get a judgement against you or put a lean on something of yours, that's something else.

With student loans, they don't need to go to court to do that.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

Then complain to your leader, President Obama, and the Democrats.

So who's side are you on: Obama's or Bernie's?
 
I'm pretty sure he understands the economic reasoning. I think what he's saying is from a moral perspective it makes no sense.

Except from a moral standing it makes perfect sense.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

I think that the unlimited ability to print money is called counterfeiting. But I could be wrong.

That's only if the government doesn't sanction it.
 
Except from a moral standing it makes perfect sense.

You do realize student loan interest rates have absolutely nothing to do with a free market, right?
 
You do realize student loan interest rates have absolutely nothing to do with a free market, right?

Absolutely. I would think however they would be higher regardless.
 
Absolutely. I would think however they would be higher regardless.

So you don't believe, as almost every other American libertarian believes, that privatization would lead to lower costs? Interesting...
 
Re: Bernie Sanders Embarrassing Tweet Says it All

That's only if the government doesn't sanction it.

So you don't think OUR government is counterfeiting money to support it's own lifestyle?
 
Re: Bernie Sanders Embarrassing Tweet Says it All

Socialists are not exactly known for being economic geniuses.

Nor is the majority of congress.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

I, well, when you made a comment like the one I responded to, I thought you must have been disparaging welfare in general...but I guess you were being very specific about the sort of welfare you don't like.



My bad.

Yep, your bad since I never mentioned welfare.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

Yep, your bad since I never mentioned welfare.

No, you said this...

"Yeah, I am kind of stupidly hung up on people continuing to stick their fingers in my wallet for some cause or program that I think is absurd."


Naturally, I took that to mean that you don't support spending you personal money on programs or policies that you personally didn't like, which I agreed with, and provided an example of such, that I pay for, just as you pay for the things discussed in this thread.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

No, you said this...

"Yeah, I am kind of stupidly hung up on people continuing to stick their fingers in my wallet for some cause or program that I think is absurd."


Naturally, I took that to mean that you don't support spending you personal money on programs or policies that you personally didn't like, which I agreed with, and provided an example of such, that I pay for, just as you pay for the things discussed in this thread.

I don't see welfare in there. There are lots of things that the govt spends my money on that I don't agree with yet you somehow got stuck on welfare that I never mentioned. I think it is your right to be negative towards corporate welfare. I am too in most cases.
 
Re: Bernie Sanders Embarrassing Tweet Says it All

I don't see welfare in there. There are lots of things that the govt spends my money on that I don't agree with yet you somehow got stuck on welfare that I never mentioned. I think it is your right to be negative towards corporate welfare. I am too in most cases.

Hey, then no argument.




Look, all I want is logical consistency. For or against, I don't really care, at this point, anymore. Just so long as we OWN it, you know? And not try to hide and dance around when hypocracy is pointed out.
 
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