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The grads still pay off their loans on the President's plan.
So then how am I implying that his plan is dishonorable or unethical?
YOU aren't. Fox, Sy and Si are. Under current law, former students are allowed to cap repayments of federal loans at 15 percent of discretionary income. Last year, Congress approved legislation that would reduce the amount to 10 percent in 2014.
Obama is using his executive authority to create a separate provision that would offer the same program in 2012.
They bash the President, college students and me.
The President is moving in the right direction, but as usual, it's only a half measure.
Yes... discretionary income. I said that sky. And what stops one of them from buying a milliion home and eating steak and lobster for dinner every night? That is food and housing. Clothing and cars are also covered.... most people dont have much left after that as .... discretionary income. So 15% of nothing... is still nothing.
Do i get to have my credit card bills capped at 15% of my "discretionary" income and then forgiven after 20 years?
The president is moving us into greece.
I make NO claim right or left. I make no political statements AT ALL. I say nothing for OR AGAINST obama.
I DO say FUCK THEM i don't give a SHIT about the money they owe on THEIR student loans. Something they signed for. Something they wanted.
I DO say pay it back. I DO say i don't care if they are in debt ill the day they die paying it back. I do say that forgiving the student loans is bullshit.