Wednesday, October 19, 2011

I Don't Want To Pay My Student Loan

Somehow it strikes us as pretty pathetic that many of the 'occupiers' think the government should forgive their student loans.   Yes, these lazy would-be vagrants many of whom only went to college because of overly generous student loans now think those loans should be forgiven.   Forget that millions have honorably repaid their student loans that gave them the opportunity to pursue their dreams.   If Obamacare can make health care 'free' will why can't all post-secondary education be free?   Harvard, here I come.  

Just today we were told that the government guaranteed more than $100 billion in student loans last year alone.   Now, for the first time in history the government guarantee of student loans exceeds $1 TRILLION.  

Unbelievably, now we have our friends at Moveon.org advocating for student loan forgiveness.   In today's, "We Get E-mail" category they are asking us to sign their petition to do so:

"Dear MoveOn member,

Forgiving the student loan debt of all Americans will have an immediate stimulative effect on our economy. With the stroke of the President's pen, millions of Americans would suddenly have hundreds, or in some cases, thousands of extra dollars in their pockets each and every month to spend on ailing sectors of the economy.
As consumer spending increases, businesses will begin to hire, jobs will be created, and a new era of innovation, entrepreneurship, and prosperity will be ushered in for all. A rising tide does, in fact, lift all boats—forgiving student loan debt, rather than tax cuts for corporations, millionaires and billionaires, has a MUCH greater chance of helping to raise that tide in a MUCH shorter time-frame.
The future economic success of this country is wholly dependent upon a well-educated, prosperous middle class. Instead of saddling entire generations with debt from which there is no escape, let's empower the American people to grow this economy on their own!
That's why I created a petition on SignOn.org, calling on President Obama and Congress to support legislation seeking student loan forgiveness as a means of economic stimulus.
Will you sign the petition? Click here to add your name, and then pass it along to your friends:"
Now this could be Obama's way of turning out the vote next year.   Promise total student loan forgiveness and all those folks over 18 will have a real reason to get out and vote for Obama.

Of course the logic of Moveon and these occupier reprobates is just flawless.   Convert $1 Trillion of guarantees into another trillion of debt.  Oh, and just where will the government find the money to pay off the individual creditors?   These folks should go back to high school and be made to take Economics 101.....

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