A CHANGE For The Better

[Trench]

I don't recall anyone in here mentioning Obama's plans to axe the FFELP (Federal Family Education Loan Program). Maybe I missed it. :shrug:

Since the FFELP was implemented in 1965, banks have been allowed to charge 2% interest on student loans. There's currently about $450 Billion in outstanding student loans and the banks have NO RISK as the federal government insures all student loans.

So Obama's question was/is "Why should taxpayers be subsidizing private lenders to make student loans? Instead, why not expand the FDSLP (Federal Direct Student Loan Program) to cover ALL student loans and cut out the middle-man?" The banks aren't going to like it but the CBO estimates this will save taxpayers $87 Billion over 10 years.

The article I read appeared in Rolling Stone. I'm curious what others have read on this.

 

[Wilson]

I don't recall anyone in here mentioning Obama's plans to axe the FFELP (Federal Family Education Loan Program). Maybe I missed it. :shrug:

Since the FFELP was implemented in 1965, banks have been allowed to charge 2% interest on student loans. There's currently about $450 Billion in outstanding student loans and the banks have NO RISK as the federal government insures all student loans.

So Obama's question was/is "Why should taxpayers be subsidizing private lenders to make student loans? Instead, why not expand the FDSLP (Federal Direct Student Loan Program) to cover ALL student loans and cut out the middle-man?" The banks aren't going to like it but the CBO estimates this will save taxpayers $87 Billion over 10 years.

The article I read appeared in Rolling Stone. I'm curious what others have read on this.

The middle man is private business. Correct?

Shocking.

 

[Duff Miver]

The middle man is private business. Correct?

Shocking.

Shocking the we taxpayers have been giving banks a sweetheart deal.. they make the profit, we taxpayers assume all the risk.

It must be a Republican idea.

Republicans should give all their voters a large tube of K-Y.

 

[Wilson]

Shocking the we taxpayers have been giving banks a sweetheart deal.. they make the profit, we taxpayers assume all the risk.

It must be a Republican idea.

Republicans should give all their voters a large tube of K-Y.

The sooner we all realize that this Democrat vs. Republican stuff is nonsense---maybe America will then see the light.

They are all the same. The entire city of DC needs reformed.

 

[RAYMOND]

>READ THIS

This letter you are about to read was written by a 4th grade teacher
this past week. She even gave the world her telephone and fax numbers.
We are in dire need of more true American citizens who are proud of OUR
United States of America . WAKE UP AMERICA . . . please . . . before it
is too late!

April 27, 2009

The White House
1600 Pennsylvania Avenue NW
Washington , DC 20500

Mr. Obama:

I have had it with you and your administration, sir. Your conduct on
your recent trip overseas has convinced me that you are not an adequate
representative of the United States of America collectively or of me
personally.

You are so obsessed with appeasing the Europeans and the Muslim world
that you have abdicated the responsibilities of the President of the
United States of America . You are responsible to the citizens of the
United States .

You are not responsible to the peoples of any other country on earth. I
personally resent that you go around the world apologizing for the
United States telling Europeans that we are arrogant and do not care
about their status in the world. Sir, what do you think the First World
War and the Second World War were all about if not the consideration of
the peoples of Europe? Are you brain dead? What do you think the
Marshall Plan was all about?

Do you not understand or know the history of the 20th century? Where do
you get off telling a Muslim country that the United States does not
consider itself a Christian country? Have you not read the Declaration
of Independence or the Constitution of the United States? This country
was founded on Judeo-Christian ethics and the principles governing this
country, at least until you came along, come directly from this
heritage. Do you not understand this?

Your bowing to the king of Saudi Arabia is an affront to all Americans.
Our President does not bow down to anyone, let alone the king of Saudi
Arabia . You don't show Great Britain , our best and one of our oldest
allies, the respect they deserve yet you bow down to the king of Saudi
Arabia. How dare you, sir! How dare you!

You can't find the time to visit the graves of our greatest generation
because you don't want to offend the Germans but make time to visit a
mosque in Turkey . You offended our dead and every veteran when you give
the Germans more respect than the people who saved the German people
from themselves. What's the matter with you?

I am convinced that you and the members of your administration have the
historical and intellectual depth of a mud puddle and should be ashamed
of yourselves, all of you. You are so self-righteously offended by the
big bankers and the American automobile manufacturers yet do nothing
about the real thieves in this situation, Mr. Dodd, Mr. Frank, Franklin
Raines, Jamie Gorelic, the Fannie Mae bonuses, and the Freddie Mac
bonuses. What do you intend to do about them? Anything? I seriously
doubt it.

What about the U.S. House members passing out $9.1 million in bonuses to
their staff members -- on top of the $2.5 million in automatic pay
raises that lawmakers gave themselves? I understand the average House
aide got a 17% bonus. I took a 5% cut in my pay to save jobs with my
employer.

You haven't said anything about that. Who authorized that? I surely
didn't! Executives at Fannie Mae and Freddie Mac will be receiving $210
million in bonuses over an eighteen-month period, that's $45 million
more than the AIG bonuses. In fact, Fannie and Freddie executives have
already been awarded $51 million; not a bad take. Who authorized that
and why haven't you expressed your outrage at this group who are largely
responsible for the economic mess we have right now.

I resent that you take me and my fellow citizens as brain-dead and not
caring about what you idiots do. We are watching what you are doing and
we are getting increasingly fed up with all of you. I also want you to
know that I personally find just about everything you do and say to be
offensive to every one of my sensibilities. I promise you that I will
work tirelessly to see that you do not get a chance to spend two terms
destroying my beautiful country.

Sincerely,

Every Real American

P.S. I rarely ask that emails be 'passed around'.............PLEASE SEND
THIS TO YOUR EMAIL LIST.......it's past time for all Americans to wake
up!

WE NEED TO GET OBAMA OUT OF OFFICE BEFORE HE ENDS UP TAKING OUR FREEDOM
AWAY AND HE'S WORKING ON TAKING ALOT OF OUR RIGHTS AWAY.

Ms Kathleen Lyday
Fourth Grade Teacher
Grandview Elementary School
11470 Hwy. C
Hillsboro , MO 63050
(636) 944-3291 Phone
(636) 944-3870 Fax

 

[Duff Miver]

Lie, Raymond, lie, lie, lie, lie.

You're a lying turd. Phew!

http://www.truthorfiction.com/rumors/l/kathleen-lyday.htm

 

[THE KOD]

RAYMOND !

 

[Trench]

The middle man is private business. Correct?

Shocking.

Obama finds a way to SAVE taxpayers $8.7 Billion a year and you want to criticize him for sticking to the banks. And then you have the audacity to criticize others for being partisan? Truly amazing.

 

[Trench]

Lie, Raymond, lie, lie, lie, lie.

You're a lying turd. Phew!

http://www.truthorfiction.com/rumors/l/kathleen-lyday.htm

Repent Raymond... Repent!! Do not crucify our Leader.
For thine is the kingdom, the power, and the Gumby, now and forever. Amen.

 

[gardenweasel]

Obama finds a way to SAVE taxpayers $8.7 Billion a year and you want to criticize him for sticking to the banks. And then you have the audacity to criticize others for being partisan? Truly amazing.

student loans?....how`s about a 9 trillion dollar deficit?.....

more programs added to the long list of democrat boondoggles...

1. welfare..
2. look the other way on terror....
3. lie about american fighting men...
4. environmental red tape and regulations that kill american manufacturing and drive it overseas...
5.agw(the new and improved version of "the ice age scare"...lol)....
6. no nukes ....
7. higher taxes
8. higher spending....
9. more borrowing...
10. out of balance budgets....

:violin: :lol:

 

[Jabberwocky]

you guys are a riot.

GW, what the national debt when GW Jr took office?

What was it when he left?

What was the size of government when GW Jr took office?

What was it when he left?

8 mos ago the neo's were of the Dick Cheney mindset (and I quote) "Deficits don't matter".

8 mos later you guys are all about balanced budgets. How many balanced budgets did GW Jr submit? How many of my questions will you answer?

0

 

[Jabberwocky]

"2. look the other way on terror....
3. lie about american fighting men...
4. environmental red tape and regulations that kill american manufacturing and drive it overseas..."

:mj07:

Wtf are you talking about? Obama looks the other way on terror and lies about American fighting men?

:mj07:

Examples?

Obama has killed the American manufacturing sector in the last 8 mos?

:142smilie

Honestly, you, Hedge, Skul, Tcas and the boys are a hilarious group of Chicken Little wack-a-doos.

 

[Wilson]

you guys are a riot.

GW, what the national debt when GW Jr took office?

What was it when he left?

What was the size of government when GW Jr took office?

What was it when he left?

8 mos ago the neo's were of the Dick Cheney mindset (and I quote) "Deficits don't matter".

8 mos later you guys are all about balanced budgets. How many balanced budgets did GW Jr submit? How many of my questions will you answer?

0

Maybe you didn't read my post above?

 

[THE KOD]

DTB - Your Gumby Dammit !

 

[Trench]

student loans?....how`s about a 9 trillion dollar deficit?.....

$9 trillion? Does this mean we get to see DTB's chart again?? Please say yes. But he really should learn some balloon tricks to go with it though.

Btw... I know Jabbers looks forward to DTB's chart as much as I do. :142smilie

 

[DOGS THAT BARK]

DTB - Your Gumby Dammit !

Scott I believe I started something with the Gumby comparison--

1. <LI class=g>Invesco Interactivity?Genius for the Obama Campaign or Peril ...
   
   Aug 28, 2008 ... Obama is Teflon as the media will not let anything negative stick to him. Obama is Gumby, as he will flex and turn and say anything for his ...
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   Sep 5, 2008 ... Anyway, if you have your own favorite name for Barack Hussein Obama (alias "<WBR>Gumby"), please send it to me at: TalkTop65@aol.com. ...
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   Sep 10, 2008 ... Gumby Obambi. Today's Are You Freakin' Kidding Me? Award once again goes to Barack Obama for his fake outrage and trying to make the ...
   <CITE>logisticsmonster.wordpress.com/.../puma-are-you-freaking-kidding-me-<WBR>award-gumby-obami/ - </CITE>Cached - Similar
   <LI class=g>BrothersJudd Blog: ONLY GUMBY IS MORE "FLEXIBLE":
   
   Mar 21, 2009 ... ONLY GUMBY IS MORE "FLEXIBLE": PROMISES, PROMISES: Obama rhetoric, reality clash (LIZ SIDOTI, 3/21/09, AP). Barack Obama's optimistic ...
   <CITE>brothersjuddblog.com/.../only_gumby_is_more_flexible.html - </CITE>Cached - Similar
   <LI class=g>"The Great Divide" Retro vs. Metro America - Democratic Underground
   
   14 posts - 6 authors - Last post: Aug 29, 2004
   Barack Obama, gumby, Aug-28-04 11:19 PM, #8. I'm saying the whole concept of red and blue states is stupid... LoZoccolo, Aug-28-04 11:28 PM ...
   <CITE>www.democraticunderground.com/.../duboard.php?az...all... - </CITE>Cached - Similar
   <LI class=g>Richard Laermer: Gumby Is My Mascot
   
   Apr 20, 2009 ... Those who "have Gumby" participate. Not ones to sit idly by and watch from ... Race-Based Protests Directed At Obama Go Beyond Health Care. ...
   <CITE>www.huffingtonpost.com/.../gumby-is-my-mascot_b_188658.html - </CITE>Cached - Similar
   <LI class=g>Playahata ? beyonce
   
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   <CITE>www.playahata.com/?tag=beyonce - </CITE>Cached - Similar
2. The Volokh Conspiracy - Obama as a Law Teacher.--
   
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[THE KOD]

yeh same as you DTB except that your black

 

[JOSHNAUDI]

I have to admit - It is a fun google game to play


YouTube - go fuck yourself, you fucking asshole!
1 min 9 sec - May 26, 2008 -
go fuck yourself, you fucking asshole! ... Dick Cheney - Go Fuck Yourself. 485576 views ... Driving in Los Angeles: Everyone's a Fucking Asshole ...
www.youtube.com/watch?v=yVnRvo244n0 -

NEWSFLASH! Dick Cheney is a fucking asshole. - Democratic UndergroundI mean us fucking assholes are getting tired of being called Dick Cheney!@, jobycom, May-20-09 01:57 PM, #11. You mean there is a fucking asshole coalition? ...
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[gardenweasel]

you guys are a riot.

GW, what the national debt when GW Jr took office?


0

one helluva lot less than it is after 9 months of nobama....

wocky,you should change your moniker to " professional 20-ish liberal history major"....and in your sig line,"no more bushes":lol:

 

[Jabberwocky]

just so you know GW, the deficit is the current shorfall of the US budget. The US debt is total amount currently owed. The US was in a budget surplus when Bush took office with a total debt of around 3.5 trillion. When Bush left office it 11 trillion+. I do not support the outrageous deficit spending by Obama, but this disturbing trend did not start 8 mos ago.