‘Maybe a Marine can fan him’: Obama to stage #DontDoubleMyRate show in Rose Garden

President Obama is putting on a #DontDoubleMyRate revival show on Friday morning.

As Mark Knoller reports, despite the heat, Obama will be joined by student props in the White House Rose Garden to play politics with student loan rates again.

There’s no rain in the forecast, so President Prop-aganda won’t need to recruit a Marine to hold his umbrella. But no worries! The warm temps may still deliver an opportunity for an optics snafu as he stages his phony interest-rate fight today.

Perfect.

  • Elaine

    It’s progressives fault college is so expensive in the first place? Are they nuts? Obama always targets stupid teens, the ones who will idolize him and believe his BS.

    • Chevypowered

      Yep. Preaching to kids who have no idea what the real world is like.

      • marcellucci

        I see the same look in my dog’s eyes when I talk to her with a piece of bacon in my hand……

        • Chevypowered

          Ah, bacon. Natures “meaty” candy…

        • John (it true me am)

          That comparison is unfair to your dog.

        • John (it true me am)

          That comparison is unfair to your dog.

      • marcellucci

        I see the same look in my dog’s eyes when I talk to her with a piece of bacon in my hand……

  • 3579

    Nobody says you have to go to college. It’s a privilege, not a right. Don’t force me to pay for your defaulting loans b/c you majored in art and can’t get a job.
    Why not go to community college, get a job and save up money to pay for a university education later? It may take you 6-7 years, but then you have less loans to pay back and still have 40 years of work to pay off those loans anyway and work experience to go with it!

  • TocksNedlog

    Indoctri-Nation

  • TocksNedlog

    Indoctri-Nation

  • TocksNedlog

    Any (or all) of those student props gonna get to go on a TOUR of the White House while they’re there?

    • 3seven77

      No. But they’ll probably be “recruited” to weed Michelle’s garden.

      • TocksNedlog

        Is that ‘weed the garden’? or ‘garden the weed’?

    • 3seven77

      No. But they’ll probably be “recruited” to weed Michelle’s garden.

  • TocksNedlog

    Any (or all) of those student props gonna get to go on a TOUR of the White House while they’re there?

  • marcellucci

    #DontDoubleMyRate ??
    I assumed it was about healthcare premiums….

    • capisce

      “Forbes reported Thursday that as a result of ObamaCare, California health insurance premiums will increase by as much as 146 percent.”
      Double would be better news to California.

    • capisce

      “Forbes reported Thursday that as a result of ObamaCare, California health insurance premiums will increase by as much as 146 percent.”
      Double would be better news to California.

    • nc

      So did I! I’m waiting on pins and needles for next year’s rates (see capisce’s comment below) which, no matter what, won’t be good.

  • marcellucci

    #DontDoubleMyRate ??
    I assumed it was about healthcare premiums….

  • Drivingtheview

    No doubt the smartest POTUS of all time will address the root cause of this problem today.. http://www.forbes.com/sites/steveodland/2012/03/24/college-costs-are-soaring/

    Obama would never use college kids as political props to blame Republicans.. WHO HAVE ALREADY PASSED THE OBAMA ENDORSED STUDENT LOAN BILL

    Apparently Obama only reads certain sections of the newspaper

  • Drivingtheview

    No doubt the smartest POTUS of all time will address the root cause of this problem today.. http://www.forbes.com/sites/steveodland/2012/03/24/college-costs-are-soaring/

    Obama would never use college kids as political props to blame Republicans.. WHO HAVE ALREADY PASSED THE OBAMA ENDORSED STUDENT LOAN BILL

    Apparently Obama only reads certain sections of the newspaper

  • Marvin Nelson

    I have a news flash for Obummer. Higher education is not a right, but a privilege. We are the only country in the world with that stupid liberal philosophy. We need to be offering more vocational/technical training, not useless majors like English, philosophy, communication, etc. whatever happened to personal responsibility? We were taught that WE were obligated to pay back loans.

    • v1cious

      As opposed to most developed countries who will pay for your education.

  • Marvin Nelson

    I have a news flash for Obummer. Higher education is not a right, but a privilege. We are the only country in the world with that stupid liberal philosophy. We need to be offering more vocational/technical training, not useless majors like English, philosophy, communication, etc. whatever happened to personal responsibility? We were taught that WE were obligated to pay back loans.

  • CR

    If you want to invest in yourself and borrow money to go to school, you SHOULD pay interest- that’s part of using someone else’s money to do something. You don’t like the interest rate, don’t take the loan!

    Let’s talk about the real crisis with student loans in this country. Student loan interest is only tax deductible if you make up to $60,000, then deduction is reduced until you get NO tax deduction once your income is $75,000 or higher.

    So we punish those people who spend the most money to go to school (doctors, lawyers) and actually become successful when they leave it. I am paying gov. student loans at 6.5 percent interest but can’t take a tax deduction for that money because my income is too high because I actually did something with my degree? WTF!

    Let’s solve that problem and then worry about the fact that people don’t want to pay interest for the money they borrow because everything should just be free.

    • v1cious

      This is why you guys need to learn to read. No one’s saying they shouldn’t pay interest, this is about doubling the amount of interest they’re already paying.

  • NRPax

    So why not go to community college and take care of general ed? Why not go to vocational school? Why not serve in the military? How about getting good grades and earning scholarships? Why attend an Ivy League school when the 4 year institutions in your state offer the same things?

    College is in reach if you are smart enough and willing to work and make sacrifices. No one needs a handout on this.

  • $27789750

    Does Bam ever go to work and does he never shut his endlessly yapping mouth. Something about empty barrels making a lot of noise comes to mind.

  • Steve_J

    #Dontdoublemyrate Bro

  • redheadgrl

    Rates only started going up when Mr. Obama mandated only the gov’t could provide student loans back in 2009. The private sector has been shut out.

  • Kelly Cowan

    My Tea Party used to be against big banks destroying the economy and taking our tax dollars in a privatize the profit and socialize the losses manner. Now, it is the complete opposite, and it is apparently OK for students to be given armed loans with rates that keep going up and profiting the banks. The Tea Party was supposed to be a movement of the people, unfortunately it has been turned into a tool of corporatist whose policies hurt all Americans including those who are foolish enough to support them. Read the comments on this post and you can find plenty of example of fools who support the corporatist with their fact free, self deprecating, nonsensical diatribes. Fear is epidemic, and critical thinking is nonexistent with these ignorant and gullible lemmings as is evidenced by their constant regurgitating of corporatist talking points and false premise arguments. If they really want to be upset they might be looking at tax loopholes like these, not demanding doubling student loan rates. There is even more corporate welfare, 222 billion is just the tip of the iceberg.

    The 10 of the most ridiculous tax loopholes.

    1) CEO “private security.” A “ common corporate tax trick,” according to the New York Times, is corporate boards paying for private jets and other perks for their CEOs under the guise of security. As Steven Davidoff reported, typically CEOs would have to pay taxes on these benefits, but if the benefit is classified as necessary for security purposes, “the chief executive will pay a reduced tax bill or sometimes no tax at all.”

    2) Florida cow scam. In Florida, wealthy developers, lawmakers and even some corporations game the tax code by placing cows on their land for a limited amount of time each year, thereby qualifying for agricultural tax breaks. Sen. Ben Nelson (D-FL) has benefited from this absurd loophole for years, as has Disney World. But Florida isn’t the only offender. From rock stars in New Jersey to movie stars in Colorado, tax breaks meant for farmers get gamed by the most privileged, using everything from sheep to beehives.

    3) Facebook stock options. The social media giant Facebook made more than $1 billion in profits last year, but paid no corporate tax thanks to a huge write-off after its initial public offering. In fact, the company received a refund of $451 million. As Citizens for Tax Justice, explained, “Facebook’s income tax refunds stem from the company’s use of a single tax break, the tax deductibility of executive stock options.” This loophole will also allow Facebook to avoid more than $2 billion in taxes in future years. LinkedIn used the same gimmick to pay no federal taxes for the last three years.

    4) Bluegrass boondoggle. This tax break, created by Senate Minority Leader Mitch McConnell (R-Kentucky) in 2008, gives wealthy horse owners a break worth $126 million over 10 years by allowing faster depreciation (quicker tax write-offs) of race horses. McConnell has defended the break by claiming it helps Kentucky’s “ farm economy.”

    5) Sheryl Crow loophole. Low tax rates on investment income are one of the main reasons the wealthy are able to pay lower taxes than those in the middle-class (and are also a prime driver of income inequality). Lawmakers from America’s heartland felt it was necessary to let super-wealthy musicians get in on the action, and so “passed a law allowing songwriters to avoid income taxes and sell their publishing catalogs at capital gains rates.” As San Francisco Weekly’s Chris Parker noted, “Three years later, Sheryl Crow sold her publishing rights to one of Australia’s largest banks for nearly $10 million. Her estimated savings courtesy of this congressional giveaway: $2 million.”

    6) NASCAR tax break. Thanks to a provision in the 2008 bank bailout, owners of NASCAR tracks are able to write off the costs of their facilities over seven years, rather than “ over the 39 years that the government estimates it will take for the tracks to depreciate.” This particular loophole costs the government $40 million per year, but Congress reauthorizes it over and over again.

    7) John Edwards/Newt Gingrich loophole. Both the former presidential candidate and the former Speaker of the House have taken advantage of a provision allowing them to dodge payroll taxes. By forming “S corporations,” Edwards and Gingrich are able to classify the money they receive from various ventures as “business profits,” rather than payments for services rendered, which exempts that money from the payroll tax. This loophole is regularly abused by lawyers, doctors and accountants, who can count the work they do every day as part of operating a “small business” that consists only of themselves. As tax expert Seth Hanlon noted, “ Regular wage-earners can’t do this, and neither can the owners of other kinds of small businesses.”

    8) Tax breaks for vacation homes and yachts. The mortgage interest deduction, which is supposed to boost homeownership, can be used on second homes, or even yachts, so long as they are large enough to accommodate a bathroom, along with a cooking and sleeping space. Limiting the deduction to primary residences would raise $1 billion per year in revenue.

    9) “Double Irish” and “Dutch Sandwich.” Many companies, from Google to Amazon to Starbucks, use offshore tax havens to drive down their corporate tax rates, sometimes down into the single digits. Some of the inventive strategies they’ve used include routing profits through Ireland, the Netherlands, Bermuda, or Luxembourg, using tax tricks with cheeky names like the “Double Irish” and the “Dutch sandwich.” European countries have recently attempted to crack down on some of the more flagrant abuses.

    10) Large SUV’s. We’ve already discussed the yacht tax break, but going out and purchasing a large SUV will get a member of the 1 percent another write-off. As Bloomberg News noted, the tax code’s restrictions on write-offs for luxury vehicles don’t apply to those “rated at 6,000 pounds unloaded gross vehicle weight or more.” This means that “purchasing a large SUV often provides faster writeoffs than similar but smaller vehicles.”

    • CR

      Few problems:

      “Low tax rates on investment income are one of the main reasons the wealthy are able to pay lower taxes”

      – Investment income is already taxed when the company makes the income. So, it is double taxed which is WRONG. Investments should be taxed at a lower rate as it encourages people to invest their money in growing companies.

      “John Edwards/Newt Gingrich loophole”

      – This is not a “loophole.” S-corporations are legitimate businesses and doctors and lawyers who invest their own money and skills to open a practice use this to pay themselves a reasonable salary and then pay out the rest of the money they earn as a return on their investment and the risk they took. My husband’s medical practice is organized this way. He took a major risk and invested his own money to open his own practice instead of going to work for someone else. Why shouldn’t we get a return on our investment that we don’t have to pay social security taxes for? Especially since, given that we are self employed, we are already paying a lot more in social security taxes since we do not have an employer to match our contributions.

      “Tax breaks for vacation homes and yachts”

      The mortgage tax deduction encourages home ownership. Why shouldn’t people be able to use it to own second homes if they want to? They are still paying mortgage interest. This also helps the middle class more than the super-wealthy since it is the middle class who tend to take mortgages when they are able to save up enough to buy second homes rather than the wealthy who just pay cash.

      Finally, all of these PROBLEMS you point out are tax breaks that allow people and corporations to keep more of their OWN money. This is only a problem if you believe that all money belongs to the government and that we shouldn’t get to keep as much of the money we earn as possible. I am in favor of ANY tax breaks that allow people to keep more of their OWN money that they earn.

      What I am not in favor of is things like the Earned Income Tax Credit taking money from people who earn it and giving it to people who do NOT earn money.

      Finally, all of these problems could be solved with a reasonable flat tax. That liberals won’t agree to for reasons that are simply beyond comprehension, because what could possibly be more fair than everyone paying the SAME THING.

      • Kelly Cowan

        I am all for Americans being able to keep as much of their income as possible, but it is a reality that government needs revenue for it’s functioning. Government could be much leaner and more efficient, but government is a necessity for our Republic. I am not for the premise that if you are wealthy, then you get a better tax rate, and more opportunities to pay less, than those who are not as wealthy? I too am for a fair level tax code that treats everyone, and all forms of income, regardless of how it is attained, the same. No loop holes, no deductions, no targeted favoritism for anyone. Why is my effective rate on just over $120,000.00 twice as as someone who is making 10,000,000.00? Why do companies like General Electric or Exxon pay nothing, get hundreds of millions in refunds, while making world record profits by selling their goods and services to Americans? Then they are legally allowed to take that money out of the country and hide it away in foreign tax havens? I am 100% behind free market capitalism, I am not a supporter of privileged class vulture capitalism. There is a huge difference that all Americans need to acknowledge.

        • CR

          Because the liberals want a “progressive” tax code and there are loopholes that get created by special interests because our tax code is so complicated. If we had a FLAT TAX there would be no loopholes. I don’t begrudge individuals or corporations working within the corrupt system that we have in order to keep as much of their money as they can. Why should anyone, individuals or companies, pay one extra dollar to a bloated bureaucracy full of wasteful programs that do nothing but redistribute wealth and throw away money? Get rid of the entire tax code, everyone pays 10 percent and there would be no more of these loopholes nor people trying to escape oppressive U.S. taxes by keeping money off shore.

          Of course we need revenue. It should come from a FLAT TAX on everyone fairly, everyone actually pays their fair share (not Obama’s twisted version of fair share where people who are already picking up the bulk of the burden of providing the revenue are asked to pay yet more). Why did my husband and I have to pay $100K in federal taxes last year while 47 percent paid no federal taxes and then WE get told we aren’t paying our fair share? Excuse me, but some people need a lesson in what the word FAIR means.

          We also wouldn’t need quite so much revenue if the government stopped doing things that it should not be doing.

          • Kelly Cowan

            Why do you keep talking about liberals? You are either for a flat tax or you are not, get off the fence and quit making excuses for yourself and those who get away without paying a dime, no matter what their income level is. A company paying taxes, and an individual being taxed on money it makes investing in that company does not represent double taxation, unless the individual is the sole owner of the company they are investing in. The companies profits are separate from the money it’s investors and stock holders personally make on their individual investments. Your argument is nonsensical.

          • CR

            Why do I keep talking about liberals? Because they’ve screwed up the tax code right along with the country and then they sit around whining about “corporate welfare” and how the rich get too many tax breaks without ever stopping to acknowledge that a tax deduction only lets people keep more of their own money and there is never anything wrong with that UNLESS you are of the mind that the government owns all of the money.

            Also, my argument is NOT nonsensical. The same money is TAXED TWICE.

            A company pays a tax on profits and it pays out a dividend made up of those profits. The investor is then taxed on the dividend. Hence, the SAME MONEY IS TAXED TWICE. This is double taxation. Not nonsensical, it makes perfect sense. This is why lawyers advise many individuals when setting up companies to set them up as S-corps with pass through taxation instead of as C-corps. To avoid double taxation. Here, if you are unable to understand this, perhaps these articles will make things clearer for you: http://www.investopedia.com/terms/d/double_taxation.asp
            http://www.ncpa.org/sub/dpd/index.php?Article_ID=22777
            http://reason.com/archives/2013/01/06/why-double-taxation-must-cease

            I am FOR a flat tax. However, we do not currently HAVE a flat tax and under the current tax system I am in favor of people taking advantage of every tax break they can get their hands on. Change the tax code to a flat tax today, I am perfectly happy with everyone giving up every tax break and loophole.

            And I think a lot of corporations would happily use their money in the U.S. and not spend time and energy finding loopholes if they were charged a reasonable 10 percent flat tax on income.

          • Kelly Cowan

            Payed dividends do not equate as a company profit as they represent value the company does not retain on their ledger in a calendar quarter or annual. It is part of their cost of doing business, interest on a loan if you will, there are actually ways to use dividends pay outs, and the share holders principal investment as deductions. The exact opposite of what you are suggesting.

        • mike_in_kosovo

          Why is my rate on just over 120k twice as (much) as someone who is making 10M?

          It’s not:
          120k taxable income after all deductions: Tax of $27,060.50
          Effective tax rate: 23%
          28% tax bracket.

          10M taxable income after all deductions: Tax of $3,476,761
          Effective tax rate: 35%
          35% tax bracket.

          Why are you getting a 5% discount in your rate, when he has to pay full rate? Why does he have to pay 128 times your tax payment, when he only earned 83 times more than you did?

          Try arguing from an honest basis, instead of trying to conflate income tax and capital gains tax.

          • Kelly Cowan

            If you think that people who are making $10,000,000.00 are actually paying that 35% rate you are crazy, they avail themselves of every loophole and dodge in the tax code they can. Which is why we need a flat tax, no loop holes, no deductions, no targeted favoritism for anyone, all income treated exactly the same.

          • mike_in_kosovo

            And again, you falsely compare income tax and investment tax. I’m using your numbers as taxable income as a direct comparison. Yes, the 10M earner can take deductions and reduce the taxable income, but guess what? So can the 120k earner, as well as get credits for a myriad of things that the 10M earner can’t.

            Maybe you should take the time you’re using to cut/paste crap and use it to actually learn about what it is you’re talking about.

          • CR

            That would imply an ability to learn and understand instead of name-call and spout nonsense. I am not quite sure that would be possible in this situation sadly :( I did link some articles below for Kelly to perhaps learn about the issue of double taxation though so that might be a good jumping off point…

          • Kelly Cowan

            If you read my comments on this post you would know that I have made it perfectly clear that I am for a flat tax that doesn’t distinguish between income tax and capital gains tax, there is no conflation here and I have been frank and honest about it.

          • mike_in_kosovo

            I *have* read your comments (how *else* would I be able to respond to them, eh?) and what tax schema you’re in favor of has nothing to do with the points I’m raising. Kindly leave the scarecrow out in the field, it’s kicking up too much dust in here.

            You *have* been arguing from a dishonest standpoint.

            You made the claim that someone making 10M paid half the rate of someone making 120k. I’ve shown that to be false, yet you persist in trying to make the claim.

      • Kelly Cowan

        I am all for Americans being able to keep as much of their income as possible, but it is a reality that government needs revenue for it’s functioning. Government could be much leaner and more efficient, but government is a necessity for our Republic. I am not for the premise that if you are wealthy, then you get a better tax rate, and more opportunities to pay less, than those who are not as wealthy? I too am for a fair level tax code that treats everyone, and all forms of income, regardless of how it is attained, the same. No loop holes, no deductions, no targeted favoritism for anyone. Why is my effective rate on just over $120,000.00 twice as as someone who is making 10,000,000.00? Why do companies like General Electric or Exxon pay nothing, get hundreds of millions in refunds, while making world record profits by selling their goods and services to Americans? Then they are legally allowed to take that money out of the country and hide it away in foreign tax havens? I am 100% behind free market capitalism, I am not a supporter of privileged class vulture capitalism. There is a huge difference that all Americans need to acknowledge.

      • Kelly Cowan

        Not all who take advantage of “investment income” are companies, most are individuals who are playing the market, why does investment income have a more favorable rate than payroll income? I thought you were for a flat tax, or is it a flat tax for everyone except for those who have an S corporation, invest in Wall Street, or can afford more than one home or a yacht. Make up your mind.

        • CR

          No, if we had a flat tax we would not need S-corps, etc. FLAT TAX for everyone, individuals and corporations. No deductions, no tax breaks. Under our current system, unless we change to a flat tax, I am not in favor of taking away credits that allow successful businesses and individuals to keep more of their OWN MONEY money while we stealthily redistribute wealth through the tax code in the form of the EITC. A tax DEDUCTION is not welfare UNLESS you believe all money belongs to the government since it just lets people pay less of their own money in taxes; a tax CREDIT, however, can be a form of welfare when you take money from some and redistribute it to others. Do you believe that all money belongs to the government?

          Um, yea, obviously most who invest are individuals. Investment income already is TAXED by the company that makes the money. Then the individuals are taxed on it again. That is what double taxation means and it is wrong. The investment that these INDIVIDUALS make lets companies grow. The money that the corporation makes is taxed when the company makes it and then taxed again when gains or dividends are paid out to individual investors. The government is double dipping and companies and individual investors who make the economy grow are having their money forcibly taken and thrown down the drain of government waste.

          • Kelly Cowan

            Duh, exactly! Why do you keep defending the current tax code, while claiming you are for a true flat tax? I am not going for it.

        • mike_in_kosovo

          You’re either arguing from what you heard on TV or truly don’t know what you’re talking about.
          Joe Sixpack gets the same 20% (correction, 15%) capital gains tax on his investments that Warren Buffett gets on his investments, provided they hold for over a year.
          Under a year, Joe has the advantage because it then defaults to his lower income tax rate.

          Edit to add numbers:
          120k capital gains income:
          Long term tax (at 15% flat with exclusion to 15% bracket limit): $12,697
          Effective tax rate: 10.58%

          10M capital gains income:
          Long term tax (at 15% flat with exclusion to 15% bracket limit): $1,494,697
          Effective tax rate: 14.95%

          Looks like the bigwig is paying a 50% *HIGHER* rate than Joe Sixpack.

          • Kelly Cowan

            Assuming Joe Six Pack even invest in the market? I haven’t argued that all investment income isn’t treated the same. Pay attention and don’t waste my time with your inability to read and comprehend. I have written clearly that investment income is taxed differently than Wages and Salaries earned through payroll, and argued for a flat tax that doesn’t distinguish in any way between what the source of the income is.

          • mike_in_kosovo

            I have written clearly that investment income is taxed differently than Wages and Salaries earned through payroll,

            Oh, you mean where you said that someone making 10M pays half the rate of someone making 120k? That got blown out of the water for both income tax *and* investment tax – what else ya got?

            Pay attention and don’t waste my time with your inability to read and comprehend.

            The inability to read/comprehend is quite obviously yours, as I’ve already proven the lie in your ‘half the rate’ statement.
            Maybe you should take your own advice.

    • CR

      Few problems:

      “Low tax rates on investment income are one of the main reasons the wealthy are able to pay lower taxes”

      – Investment income is already taxed when the company makes the income. So, it is double taxed which is WRONG. Investments should be taxed at a lower rate as it encourages people to invest their money in growing companies.

      “John Edwards/Newt Gingrich loophole”

      – This is not a “loophole.” S-corporations are legitimate businesses and doctors and lawyers who invest their own money and skills to open a practice use this to pay themselves a reasonable salary and then pay out the rest of the money they earn as a return on their investment and the risk they took. My husband’s medical practice is organized this way. He took a major risk and invested his own money to open his own practice instead of going to work for someone else. Why shouldn’t we get a return on our investment that we don’t have to pay social security taxes for? Especially since, given that we are self employed, we are already paying a lot more in social security taxes since we do not have an employer to match our contributions.

      “Tax breaks for vacation homes and yachts”

      The mortgage tax deduction encourages home ownership. Why shouldn’t people be able to use it to own second homes if they want to? They are still paying mortgage interest. This also helps the middle class more than the super-wealthy since it is the middle class who tend to take mortgages when they are able to save up enough to buy second homes rather than the wealthy who just pay cash.

      Finally, all of these PROBLEMS you point out are tax breaks that allow people and corporations to keep more of their OWN money. This is only a problem if you believe that all money belongs to the government and that we shouldn’t get to keep as much of the money we earn as possible. I am in favor of ANY tax breaks that allow people to keep more of their OWN money that they earn.

      What I am not in favor of is things like the Earned Income Tax Credit taking money from people who earn it and giving it to people who do NOT earn money.

      Finally, all of these problems could be solved with a reasonable flat tax. That liberals won’t agree to for reasons that are simply beyond comprehension, because what could possibly be more fair than everyone paying the SAME THING.

    • RememberSekhmet

      Kelly, if you are a Tea Partier, I’m a clone of Tricia Helfer, and a virgin to boot.

    • RememberSekhmet

      Kelly, if you are a Tea Partier, I’m a clone of Tricia Helfer, and a virgin to boot.

  • RememberSekhmet

    Here’s the choice: Bribe the yoots, OR keep the higher-ed scam going. Pretty soon, it will be clear they can’t do both. Word is finally getting out that borrowing and spending $100,000 on a degree in Gender in Underwater Basketweaving Studies won’t get you a job that pays you enough to pay the loan back.

  • RememberSekhmet

    Here’s the choice: Bribe the yoots, OR keep the higher-ed scam going. Pretty soon, it will be clear they can’t do both. Word is finally getting out that borrowing and spending $100,000 on a degree in Gender in Underwater Basketweaving Studies won’t get you a job that pays you enough to pay the loan back.

    • Kelly Cowan

      If you could read and comprehend beyond your ridiculous false and misleading stereo types, it would have been obvious to you that I am not a “Tea Partier”. How is offering students a loan with a fixed interest rate a bribe? They have to pay the loans off with interest, the question right now is whether that rate should double. If you could comment like an adult instead of using ignorant comments like “Underwater Basketweaving Studies” it might be worth the time to discuss the matter with you, but if you want to assert that everyone who needs a college loan is majoring in some fictional worthless degree than forget it. You obviously decided against higher education as is evidenced by your inability to frame a meaningful argument.

      • RememberSekhmet

        U mad bro? As long as the government shuts up and pays the bill, colleges and universities will jack up their prices to absorb every cent. That whole idea of “Just major in something, ANYTHING! A college degree is worth every penny you spend!” is a lie. Putting some more responsibility for the costs on the student will cause some re-thinking of ones college and post-college career. As fascinating as medieval art history may be, that student loan won’t pay itself. Instead of celebrating an interest rate cut for a loan you can’t pay with a Starbuck’s salary, major in something that leads to a lucrative job and join the SCA. And for your information, I have two BAs from well-regarded universities. But I didn’t make serious money until I gave up on jobs within my majors. You are obviously a multiply-pierced and tattooed fine arts major who actually thinks you’ll make a living with her degree (snicker).

        • Kelly Cowan

          So you majored in something that you couldn’t make a living with? It appears your assertion that everyone who needs a college loan is majoring in some fictional worthless degree is based on the fact that it is exactly what you did? You obviously didn’t major in debate as is evidenced by your continued inability to frame a meaningful argument. I am making great money, and I don’t have any debt. Anyone who points out the absolute nonsensical, and contradictory quality of your ignorant assertions is a “multiply-pierced and tattooed fine arts major who actually thinks you’ll make a living with her degree”? You think and write like a simple minded child.

          • RememberSekhmet

            So if you are so successful, why are you trolling Twitchy for OFA? Damn u mad!

      • mike_in_kosovo

        it would have been obvious to you that I am not a “Tea Partier”.

        Then your opening line, above, of “My Tea Party” is a lie…so why should we believe anything *else* you’re saying?

    • Kelly Cowan

      If you could read and comprehend beyond your ridiculous false and misleading stereo types, it would have been obvious to you that I am not a “Tea Partier”. How is offering students a loan with a fixed interest rate a bribe? They have to pay the loans off with interest, the question right now is whether that rate should double. If you could comment like an adult instead of using ignorant comments like “Underwater Basketweaving Studies” it might be worth the time to discuss the matter with you, but if you want to assert that everyone who needs a college loan is majoring in some fictional worthless degree than forget it. You obviously decided against higher education as is evidenced by your inability to frame a meaningful argument.

    • NRPax

      But to be fair: If they actually learned underwater basket weaving, they have at least one marketable skill.

      • RememberSekhmet

        That’s the damndest thing: If they actually rewarded our erstwhile waterlogged basketweavers for actual weaving talent and swimming skills, they might have to fail somebody. That would mean the college losing the failing student’s $100,000 student loan. So the underwater basketweaving classes are dumbed down to where students often don’t pick up the skill. So now, the underwater basket studios want an MFA instead of a BFA, just to sort out those who were “socially promoted.”

  • rennyangel2

    WSJ has said for years student loan bubble next to burst as no one repays the debts.