30.03.2010 - 18:38
Obama Signs Student Loan Overhaul Legislation
Legislation to save $68 Billion instead of "padding student lenders'
profits"
CBS NEWS - President Obama signed the health care reconciliation bill
into law Tuesday morning, taking the opportunity to focus not on health
care reform but on the other major element of the legislation: education
reform.
Mr. Obama hailed passage of education reforms that he said are "finally
making our student loan system work for students and our families."
Appearing at Northern Virginia Community College in Alexandria,
Virginia, the president said passage of the legislation represented a
victory for students in the "great battle" between students' interests
and the interests of banks and financial institutions, which spent
millions lobbying against reform.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."
"we can't afford to waste billions of dollars on giveaways to banks," he
said.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
The money saved will be used for the following, according to the president:
* $2 billion in funding for community colleges, "one of the great
undervalued assets in our educational system";
* A doubling in funding for Pell Grants, adding $40 billion to the
program: More than 800,000 additional Pell awards will be made
over the next decade, the president said, with the amount they are
worth raised to nearly $6,000;
* Reform in student loan repayment: Starting in 2014, the percentage
of their income that students must pay back is being reduced from
15 percent to 10 percent, and students who pay their loans on time
will no longer have to pay them back after 20 years. For those who
go into teaching, nursing or the Armed Forces, repayment can stop
after 10 year;
* Strengthening historically black and other minority colleges and
universities, which the president said had been hard-hit by the
financial crisis.
"All of this is paid for," the president told an enthusiastic audience.
"We're redirecting money that was poorly spent to make sure that we're
making investments in our future."
Mr. Obama was introduced by Dr. Jill Biden, the wife of the vice
president, who also teaches at Northern Virginia Community College. The
president announced that Jill Biden would lead a summit on community
colleges at the White House in the fall.
He also took the opportunity to tweak his vice president; taking the
stage, Mr. Obama quipped, "Thank you Dr. Biden for that outstanding
introduction, and for putting up with Joe."
The president twice thanked House Speaker Nancy Pelosi for her
leadership on the legislation and also lauded other members of Congress
who took leadership roles.
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The bill signed into law by the president makes changes to the Senate
version of the health care legislation passed by the House. It is known
formally as the Health Care and Education Reconciliation Act of 2010.
http://www.cbsnews.com/8301-503544_162-20001419-503544.html
30.03.2010 - 18:50
John Manning wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
CBS NEWS - President Obama signed the health care reconciliation bill
into law Tuesday morning, taking the opportunity to focus not on health
care reform but on the other major element of the legislation: education
reform.
Mr. Obama hailed passage of education reforms that he said are "finally
making our student loan system work for students and our families."
Appearing at Northern Virginia Community College in Alexandria,
Virginia, the president said passage of the legislation represented a
victory for students in the "great battle" between students' interests
and the interests of banks and financial institutions, which spent
millions lobbying against reform.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."
"we can't afford to waste billions of dollars on giveaways to banks," he
said.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
The money saved will be used for the following, according to the president:
* $2 billion in funding for community colleges, "one of the great
undervalued assets in our educational system";
* A doubling in funding for Pell Grants, adding $40 billion to the
program: More than 800,000 additional Pell awards will be made
over the next decade, the president said, with the amount they are
worth raised to nearly $6,000;
* Reform in student loan repayment: Starting in 2014, the percentage
of their income that students must pay back is being reduced from
15 percent to 10 percent, and students who pay their loans on time
will no longer have to pay them back after 20 years. For those who
go into teaching, nursing or the Armed Forces, repayment can stop
after 10 year;
* Strengthening historically black and other minority colleges and
universities, which the president said had been hard-hit by the
financial crisis.
"All of this is paid for," the president told an enthusiastic audience.
"We're redirecting money that was poorly spent to make sure that we're
making investments in our future."
All of this is well and good, but like healthcare reform, it does little
to attack the underlying problem. School costs have skyrocketed and the
little amounts being tossed at the problem won't help much. Yea moving
forward, but its not enough to be true reform.
Mr. Obama was introduced by Dr. Jill Biden, the wife of the vice
president, who also teaches at Northern Virginia Community College. The
president announced that Jill Biden would lead a summit on community
colleges at the White House in the fall.
He also took the opportunity to tweak his vice president; taking the
stage, Mr. Obama quipped, "Thank you Dr. Biden for that outstanding
introduction, and for putting up with Joe."
The president twice thanked House Speaker Nancy Pelosi for her
leadership on the legislation and also lauded other members of Congress
who took leadership roles.
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The bill signed into law by the president makes changes to the Senate
version of the health care legislation passed by the House. It is known
formally as the Health Care and Education Reconciliation Act of 2010.
http://www.cbsnews.com/8301-503544_162-20001419-503544.html
I hate that trick of tacking together two unrelated things. You know if
the republicans do it you would have been very upset.
--
Just James
"Not everyone requires a rational explanation before they can believe
something. It's called faith." ~ Zootal (ARM 10/20/2009)
Priceless
Legislation to save $68 Billion instead of "padding student lenders'
profits"
CBS NEWS - President Obama signed the health care reconciliation bill
into law Tuesday morning, taking the opportunity to focus not on health
care reform but on the other major element of the legislation: education
reform.
Mr. Obama hailed passage of education reforms that he said are "finally
making our student loan system work for students and our families."
Appearing at Northern Virginia Community College in Alexandria,
Virginia, the president said passage of the legislation represented a
victory for students in the "great battle" between students' interests
and the interests of banks and financial institutions, which spent
millions lobbying against reform.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."
"we can't afford to waste billions of dollars on giveaways to banks," he
said.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
The money saved will be used for the following, according to the president:
* $2 billion in funding for community colleges, "one of the great
undervalued assets in our educational system";
* A doubling in funding for Pell Grants, adding $40 billion to the
program: More than 800,000 additional Pell awards will be made
over the next decade, the president said, with the amount they are
worth raised to nearly $6,000;
* Reform in student loan repayment: Starting in 2014, the percentage
of their income that students must pay back is being reduced from
15 percent to 10 percent, and students who pay their loans on time
will no longer have to pay them back after 20 years. For those who
go into teaching, nursing or the Armed Forces, repayment can stop
after 10 year;
* Strengthening historically black and other minority colleges and
universities, which the president said had been hard-hit by the
financial crisis.
"All of this is paid for," the president told an enthusiastic audience.
"We're redirecting money that was poorly spent to make sure that we're
making investments in our future."
All of this is well and good, but like healthcare reform, it does little
to attack the underlying problem. School costs have skyrocketed and the
little amounts being tossed at the problem won't help much. Yea moving
forward, but its not enough to be true reform.
Mr. Obama was introduced by Dr. Jill Biden, the wife of the vice
president, who also teaches at Northern Virginia Community College. The
president announced that Jill Biden would lead a summit on community
colleges at the White House in the fall.
He also took the opportunity to tweak his vice president; taking the
stage, Mr. Obama quipped, "Thank you Dr. Biden for that outstanding
introduction, and for putting up with Joe."
The president twice thanked House Speaker Nancy Pelosi for her
leadership on the legislation and also lauded other members of Congress
who took leadership roles.
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The bill signed into law by the president makes changes to the Senate
version of the health care legislation passed by the House. It is known
formally as the Health Care and Education Reconciliation Act of 2010.
http://www.cbsnews.com/8301-503544_162-20001419-503544.html
I hate that trick of tacking together two unrelated things. You know if
the republicans do it you would have been very upset.
--
Just James
"Not everyone requires a rational explanation before they can believe
something. It's called faith." ~ Zootal (ARM 10/20/2009)
Priceless
30.03.2010 - 19:02
On Mar 30, 9:500am, Just James <post_mas...@sbcglobal.net> wrote:
John Manning wrote:
> Legislation to save $68 Billion instead of "padding student lenders'
> profits"
> CBS NEWS - President Obama signed the health care reconciliation bill
> into law Tuesday morning, taking the opportunity to focus not on health
> care reform but on the other major element of the legislation: educatio=
n
> reform.
> Mr. Obama hailed passage of education reforms that he said are "finally
> making our student loan system work for students and our families."
> Appearing at Northern Virginia Community College in Alexandria,
> Virginia, the president said passage of the legislation represented a
> victory for students in the "great battle" between students' interests
> and the interests of banks and financial institutions, which spent
> millions lobbying against reform.
> He said it remedied a "sweetheart deal in federal law that essentially
> gave billions of dollars to banks to act as unnecessary middlemen" in
> the student loan process.
> Mr. Obama said that the legislation would save $68 billion in the comin=
g
> years, which will be spent to help students instead of "padding student
> lenders' profits."
> "we can't afford to waste billions of dollars on giveaways to banks," h=
e
> said.
> The significance of the education reforms, he said, were "overlooked
> amid all the hoopla, all the drama of last week" in passage of the
> health care bill.
> The money saved will be used for the following, according to the presid=
ent:
> 0 0 * $2 billion in funding for community colleges, "one of the gre=
at
> 0 0 0 undervalued assets in our educational system";
> 0 0 * A doubling in funding for Pell Grants, adding $40 billion to =
the
> 0 0 0 program: More than 800,000 additional Pell awards will be m=
ade
> 0 0 0 over the next decade, the president said, with the amount t=
hey are
> 0 0 0 worth raised to nearly $6,000;
> 0 0 * Reform in student loan repayment: Starting in 2014, the perce=
ntage
> 0 0 0 of their income that students must pay back is being reduce=
d from
> 0 0 0 15 percent to 10 percent, and students who pay their loans =
on time
> 0 0 0 will no longer have to pay them back after 20 years. For th=
ose who
> 0 0 0 go into teaching, nursing or the Armed Forces, repayment ca=
n stop
> 0 0 0 after 10 year;
> 0 0 * Strengthening historically black and other minority colleges =
and
> 0 0 0 universities, which the president said had been hard-hit by=
the
> 0 0 0 financial crisis.
> "All of this is paid for," the president told an enthusiastic audience.
> "We're redirecting money that was poorly spent to make sure that we're
> making investments in our future."
All of this is well and good, but like healthcare reform, it does little
to attack the underlying problem. 0
Depends on what "underlying problem" you're talking about. For
example, It will mean an extra 7 billion dollars being used for grants
and deficit reduction.
http://www.theatlantic.com/business/archive/2010/03/3-cheers-for-the-new-st=
udent-lending-law/38188/
I can imagine that a program that *costs* an extra 7 billion dollars
would have the "monetary conservatives" in a tizzy. So give the Black
man due credit; revamping the student loan program was a good thing.
School costs have skyrocketed and the
little amounts being tossed at the problem won't help much. 0Yea moving
forward, but its not enough to be true reform.
> Mr. Obama was introduced by Dr. Jill Biden, the wife of the vice
> president, who also teaches at Northern Virginia Community College. The
> president announced that Jill Biden would lead a summit on community
> colleges at the White House in the fall.
> He also took the opportunity to tweak his vice president; taking the
> stage, Mr. Obama quipped, "Thank you Dr. Biden for that outstanding
> introduction, and for putting up with Joe."
> The president twice thanked House Speaker Nancy Pelosi for her
> leadership on the legislation and also lauded other members of Congress
> who took leadership roles.
> "This week we can rightly say the foundation on which America's future
> will be built is stronger than it was one year ago," he said,
> referencing both health care and education reform.
> The bill signed into law by the president makes changes to the Senate
> version of the health care legislation passed by the House. It is known
> formally as the Health Care and Education Reconciliation Act of 2010.
>http://www.cbsnews.com/8301-503544_162-20001419-503544.html
I hate that trick of tacking together two unrelated things. 0You know i=
f
the republicans do it you would have been very upset.
--
Just James
"Not everyone requires a rational explanation before they can believe
something. It's called faith." ~ Zootal (ARM 10/20/2009)
Priceless
John Manning wrote:
> Legislation to save $68 Billion instead of "padding student lenders'
> profits"
> CBS NEWS - President Obama signed the health care reconciliation bill
> into law Tuesday morning, taking the opportunity to focus not on health
> care reform but on the other major element of the legislation: educatio=
n
> reform.
> Mr. Obama hailed passage of education reforms that he said are "finally
> making our student loan system work for students and our families."
> Appearing at Northern Virginia Community College in Alexandria,
> Virginia, the president said passage of the legislation represented a
> victory for students in the "great battle" between students' interests
> and the interests of banks and financial institutions, which spent
> millions lobbying against reform.
> He said it remedied a "sweetheart deal in federal law that essentially
> gave billions of dollars to banks to act as unnecessary middlemen" in
> the student loan process.
> Mr. Obama said that the legislation would save $68 billion in the comin=
g
> years, which will be spent to help students instead of "padding student
> lenders' profits."
> "we can't afford to waste billions of dollars on giveaways to banks," h=
e
> said.
> The significance of the education reforms, he said, were "overlooked
> amid all the hoopla, all the drama of last week" in passage of the
> health care bill.
> The money saved will be used for the following, according to the presid=
ent:
> 0 0 * $2 billion in funding for community colleges, "one of the gre=
at
> 0 0 0 undervalued assets in our educational system";
> 0 0 * A doubling in funding for Pell Grants, adding $40 billion to =
the
> 0 0 0 program: More than 800,000 additional Pell awards will be m=
ade
> 0 0 0 over the next decade, the president said, with the amount t=
hey are
> 0 0 0 worth raised to nearly $6,000;
> 0 0 * Reform in student loan repayment: Starting in 2014, the perce=
ntage
> 0 0 0 of their income that students must pay back is being reduce=
d from
> 0 0 0 15 percent to 10 percent, and students who pay their loans =
on time
> 0 0 0 will no longer have to pay them back after 20 years. For th=
ose who
> 0 0 0 go into teaching, nursing or the Armed Forces, repayment ca=
n stop
> 0 0 0 after 10 year;
> 0 0 * Strengthening historically black and other minority colleges =
and
> 0 0 0 universities, which the president said had been hard-hit by=
the
> 0 0 0 financial crisis.
> "All of this is paid for," the president told an enthusiastic audience.
> "We're redirecting money that was poorly spent to make sure that we're
> making investments in our future."
All of this is well and good, but like healthcare reform, it does little
to attack the underlying problem. 0
Depends on what "underlying problem" you're talking about. For
example, It will mean an extra 7 billion dollars being used for grants
and deficit reduction.
http://www.theatlantic.com/business/archive/2010/03/3-cheers-for-the-new-st=
udent-lending-law/38188/
I can imagine that a program that *costs* an extra 7 billion dollars
would have the "monetary conservatives" in a tizzy. So give the Black
man due credit; revamping the student loan program was a good thing.
School costs have skyrocketed and the
little amounts being tossed at the problem won't help much. 0Yea moving
forward, but its not enough to be true reform.
> Mr. Obama was introduced by Dr. Jill Biden, the wife of the vice
> president, who also teaches at Northern Virginia Community College. The
> president announced that Jill Biden would lead a summit on community
> colleges at the White House in the fall.
> He also took the opportunity to tweak his vice president; taking the
> stage, Mr. Obama quipped, "Thank you Dr. Biden for that outstanding
> introduction, and for putting up with Joe."
> The president twice thanked House Speaker Nancy Pelosi for her
> leadership on the legislation and also lauded other members of Congress
> who took leadership roles.
> "This week we can rightly say the foundation on which America's future
> will be built is stronger than it was one year ago," he said,
> referencing both health care and education reform.
> The bill signed into law by the president makes changes to the Senate
> version of the health care legislation passed by the House. It is known
> formally as the Health Care and Education Reconciliation Act of 2010.
>http://www.cbsnews.com/8301-503544_162-20001419-503544.html
I hate that trick of tacking together two unrelated things. 0You know i=
f
the republicans do it you would have been very upset.
--
Just James
"Not everyone requires a rational explanation before they can believe
something. It's called faith." ~ Zootal (ARM 10/20/2009)
Priceless
30.03.2010 - 19:20
Just James wrote:
John Manning wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
CBS NEWS - President Obama signed the health care reconciliation bill
into law Tuesday morning, taking the opportunity to focus not on health
care reform but on the other major element of the legislation: education
reform.
Mr. Obama hailed passage of education reforms that he said are "finally
making our student loan system work for students and our families."
Appearing at Northern Virginia Community College in Alexandria,
Virginia, the president said passage of the legislation represented a
victory for students in the "great battle" between students' interests
and the interests of banks and financial institutions, which spent
millions lobbying against reform.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."
"we can't afford to waste billions of dollars on giveaways to banks," he
said.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
The money saved will be used for the following, according to the
president:
* $2 billion in funding for community colleges, "one of the great
undervalued assets in our educational system";
* A doubling in funding for Pell Grants, adding $40 billion to the
program: More than 800,000 additional Pell awards will be made
over the next decade, the president said, with the amount they are
worth raised to nearly $6,000;
* Reform in student loan repayment: Starting in 2014, the percentage
of their income that students must pay back is being reduced from
15 percent to 10 percent, and students who pay their loans on time
will no longer have to pay them back after 20 years. For those who
go into teaching, nursing or the Armed Forces, repayment can stop
after 10 year;
* Strengthening historically black and other minority colleges and
universities, which the president said had been hard-hit by the
financial crisis.
"All of this is paid for," the president told an enthusiastic audience.
"We're redirecting money that was poorly spent to make sure that we're
making investments in our future."
All of this is well and good, but like healthcare reform, it does little
to attack the underlying problem. School costs have skyrocketed and the
little amounts being tossed at the problem won't help much. Yea moving
forward, but its not enough to be true reform.
Mr. Obama was introduced by Dr. Jill Biden, the wife of the vice
president, who also teaches at Northern Virginia Community College. The
president announced that Jill Biden would lead a summit on community
colleges at the White House in the fall.
He also took the opportunity to tweak his vice president; taking the
stage, Mr. Obama quipped, "Thank you Dr. Biden for that outstanding
introduction, and for putting up with Joe."
The president twice thanked House Speaker Nancy Pelosi for her
leadership on the legislation and also lauded other members of Congress
who took leadership roles.
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The bill signed into law by the president makes changes to the Senate
version of the health care legislation passed by the House. It is known
formally as the Health Care and Education Reconciliation Act of 2010.
http://www.cbsnews.com/8301-503544_162-20001419-503544.html
I hate that trick of tacking together two unrelated things. You know if
the republicans do it you would have been very upset.
All you're doing is whining like the Republicans, James. You haven't
changed much.
John Manning wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
CBS NEWS - President Obama signed the health care reconciliation bill
into law Tuesday morning, taking the opportunity to focus not on health
care reform but on the other major element of the legislation: education
reform.
Mr. Obama hailed passage of education reforms that he said are "finally
making our student loan system work for students and our families."
Appearing at Northern Virginia Community College in Alexandria,
Virginia, the president said passage of the legislation represented a
victory for students in the "great battle" between students' interests
and the interests of banks and financial institutions, which spent
millions lobbying against reform.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."
"we can't afford to waste billions of dollars on giveaways to banks," he
said.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
The money saved will be used for the following, according to the
president:
* $2 billion in funding for community colleges, "one of the great
undervalued assets in our educational system";
* A doubling in funding for Pell Grants, adding $40 billion to the
program: More than 800,000 additional Pell awards will be made
over the next decade, the president said, with the amount they are
worth raised to nearly $6,000;
* Reform in student loan repayment: Starting in 2014, the percentage
of their income that students must pay back is being reduced from
15 percent to 10 percent, and students who pay their loans on time
will no longer have to pay them back after 20 years. For those who
go into teaching, nursing or the Armed Forces, repayment can stop
after 10 year;
* Strengthening historically black and other minority colleges and
universities, which the president said had been hard-hit by the
financial crisis.
"All of this is paid for," the president told an enthusiastic audience.
"We're redirecting money that was poorly spent to make sure that we're
making investments in our future."
All of this is well and good, but like healthcare reform, it does little
to attack the underlying problem. School costs have skyrocketed and the
little amounts being tossed at the problem won't help much. Yea moving
forward, but its not enough to be true reform.
Mr. Obama was introduced by Dr. Jill Biden, the wife of the vice
president, who also teaches at Northern Virginia Community College. The
president announced that Jill Biden would lead a summit on community
colleges at the White House in the fall.
He also took the opportunity to tweak his vice president; taking the
stage, Mr. Obama quipped, "Thank you Dr. Biden for that outstanding
introduction, and for putting up with Joe."
The president twice thanked House Speaker Nancy Pelosi for her
leadership on the legislation and also lauded other members of Congress
who took leadership roles.
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The bill signed into law by the president makes changes to the Senate
version of the health care legislation passed by the House. It is known
formally as the Health Care and Education Reconciliation Act of 2010.
http://www.cbsnews.com/8301-503544_162-20001419-503544.html
I hate that trick of tacking together two unrelated things. You know if
the republicans do it you would have been very upset.
All you're doing is whining like the Republicans, James. You haven't
changed much.
30.03.2010 - 20:18
On Mar 30, 4:380pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."..."we can't afford to waste billions of dollars on giv=
eaways to
banks," he said.
How is it any better to waste money on college professors and
government bureaucracy? Like health care, college costs rise in
parallel with subsidies. The difference between loan guarantees
(interest subsidies, basically) and direct subsidies through salaries
to college employees, is that loans preserve some competition between
providers, while direct salary subsidies make professors State
(government, generally) employees. In either case, subsidies reduce
competition relative to an unsubsidized market, and raise per-unit
costs, relative to an unsubsidized, competitive market.
If the US K-PhD education industry is not an employment program for
dues-paying members of the NEA/AFT/AFSCME cartel, a source of padded
construction and supply contracts for politically connected insiders,
and a venue for State-worshipful indoctrination, why cannot any
student take, at any age, an exit exam (the GED will do) and apply the
taxpayers' age 6-18 education subsidy toward post-secondary tuition or
toward a wage subsidy at any qualified (say, has filed W-2 forms on at
least three adult employees for at least the previous four years)
private-sector employer? If post-secondary education is so important,
why do governments require that students spend years in class? Why not
require that colleges offer every course credit-by-exam, at any time?
Most vocational training occurs more effectively on the job than in a
class. You want to Russian History? Read a book or ten and participte
in newsgroup discussions. You don't have to kiss some
professor's ...toes.
I recommend Ivar Berg's __Education and Jobs: The Great Training
Robbery__.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
...
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The government of a locality is the largest dealer in interpersonal
violence in that localty (definition).
Eduardo Zambrano
Formal Models of Authority: Introduction and Political Economy
Applications
Rationality and Society, May 1999; 11: 115 - 138.
"Aside from the important issue of how it is that a ruler may
economize on communication, contracting and coercion costs, this leads
to an interpretation of the state that cannot be contractarian in
nature: citizens would not empower a ruler to solve collective action
problems in any of the models discussed, for the ruler would always be
redundant and costly. The results support a view of the state that is
eminently predatory, (the ? MK.) case in which whether the collective
actions problems are solved by the state or not depends on upon
whether this is consistent with the objectives and opportunities of
those with the (natural) monopoly of violence in society. This
conclusion is also reached in a model of a predatory state by Moselle
and Polak (1997). How the theory of economic policy changes in light
of this interpretation is an important question left for further
work."
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."..."we can't afford to waste billions of dollars on giv=
eaways to
banks," he said.
How is it any better to waste money on college professors and
government bureaucracy? Like health care, college costs rise in
parallel with subsidies. The difference between loan guarantees
(interest subsidies, basically) and direct subsidies through salaries
to college employees, is that loans preserve some competition between
providers, while direct salary subsidies make professors State
(government, generally) employees. In either case, subsidies reduce
competition relative to an unsubsidized market, and raise per-unit
costs, relative to an unsubsidized, competitive market.
If the US K-PhD education industry is not an employment program for
dues-paying members of the NEA/AFT/AFSCME cartel, a source of padded
construction and supply contracts for politically connected insiders,
and a venue for State-worshipful indoctrination, why cannot any
student take, at any age, an exit exam (the GED will do) and apply the
taxpayers' age 6-18 education subsidy toward post-secondary tuition or
toward a wage subsidy at any qualified (say, has filed W-2 forms on at
least three adult employees for at least the previous four years)
private-sector employer? If post-secondary education is so important,
why do governments require that students spend years in class? Why not
require that colleges offer every course credit-by-exam, at any time?
Most vocational training occurs more effectively on the job than in a
class. You want to Russian History? Read a book or ten and participte
in newsgroup discussions. You don't have to kiss some
professor's ...toes.
I recommend Ivar Berg's __Education and Jobs: The Great Training
Robbery__.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
...
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The government of a locality is the largest dealer in interpersonal
violence in that localty (definition).
Eduardo Zambrano
Formal Models of Authority: Introduction and Political Economy
Applications
Rationality and Society, May 1999; 11: 115 - 138.
"Aside from the important issue of how it is that a ruler may
economize on communication, contracting and coercion costs, this leads
to an interpretation of the state that cannot be contractarian in
nature: citizens would not empower a ruler to solve collective action
problems in any of the models discussed, for the ruler would always be
redundant and costly. The results support a view of the state that is
eminently predatory, (the ? MK.) case in which whether the collective
actions problems are solved by the state or not depends on upon
whether this is consistent with the objectives and opportunities of
those with the (natural) monopoly of violence in society. This
conclusion is also reached in a model of a predatory state by Moselle
and Polak (1997). How the theory of economic policy changes in light
of this interpretation is an important question left for further
work."
30.03.2010 - 20:24
Malcolm wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."..."we can't afford to waste billions of dollars on giveaways to
banks," he said.
How is it any better to waste money on college professors and
government bureaucracy? Like health care, college costs rise in
parallel with subsidies. The difference between loan guarantees
(interest subsidies, basically) and direct subsidies through salaries
to college employees, is that loans preserve some competition between
providers, while direct salary subsidies make professors State
(government, generally) employees. In either case, subsidies reduce
competition relative to an unsubsidized market, and raise per-unit
costs, relative to an unsubsidized, competitive market.
If the US K-PhD education industry is not an employment program for
dues-paying members of the NEA/AFT/AFSCME cartel, a source of padded
construction and supply contracts for politically connected insiders,
and a venue for State-worshipful indoctrination, why cannot any
student take, at any age, an exit exam (the GED will do) and apply the
taxpayers' age 6-18 education subsidy toward post-secondary tuition or
toward a wage subsidy at any qualified (say, has filed W-2 forms on at
least three adult employees for at least the previous four years)
private-sector employer? If post-secondary education is so important,
why do governments require that students spend years in class? Why not
require that colleges offer every course credit-by-exam, at any time?
Most vocational training occurs more effectively on the job than in a
class. You want to Russian History? Read a book or ten and participte
in newsgroup discussions. You don't have to kiss some
professor's ...toes.
I recommend Ivar Berg's __Education and Jobs: The Great Training
Robbery__.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
...
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The government of a locality is the largest dealer in interpersonal
violence in that localty (definition).
Eduardo Zambrano
Formal Models of Authority: Introduction and Political Economy
Applications
Rationality and Society, May 1999; 11: 115 - 138.
"Aside from the important issue of how it is that a ruler may
economize on communication, contracting and coercion costs, this leads
to an interpretation of the state that cannot be contractarian in
nature: citizens would not empower a ruler to solve collective action
problems in any of the models discussed, for the ruler would always be
redundant and costly. The results support a view of the state that is
eminently predatory, (the ? MK.) case in which whether the collective
actions problems are solved by the state or not depends on upon
whether this is consistent with the objectives and opportunities of
those with the (natural) monopoly of violence in society. This
conclusion is also reached in a model of a predatory state by Moselle
and Polak (1997). How the theory of economic policy changes in light
of this interpretation is an important question left for further
work."
Bananas.
Student will now have more affordable loans for college and more
American kids will be able to attend.
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."..."we can't afford to waste billions of dollars on giveaways to
banks," he said.
How is it any better to waste money on college professors and
government bureaucracy? Like health care, college costs rise in
parallel with subsidies. The difference between loan guarantees
(interest subsidies, basically) and direct subsidies through salaries
to college employees, is that loans preserve some competition between
providers, while direct salary subsidies make professors State
(government, generally) employees. In either case, subsidies reduce
competition relative to an unsubsidized market, and raise per-unit
costs, relative to an unsubsidized, competitive market.
If the US K-PhD education industry is not an employment program for
dues-paying members of the NEA/AFT/AFSCME cartel, a source of padded
construction and supply contracts for politically connected insiders,
and a venue for State-worshipful indoctrination, why cannot any
student take, at any age, an exit exam (the GED will do) and apply the
taxpayers' age 6-18 education subsidy toward post-secondary tuition or
toward a wage subsidy at any qualified (say, has filed W-2 forms on at
least three adult employees for at least the previous four years)
private-sector employer? If post-secondary education is so important,
why do governments require that students spend years in class? Why not
require that colleges offer every course credit-by-exam, at any time?
Most vocational training occurs more effectively on the job than in a
class. You want to Russian History? Read a book or ten and participte
in newsgroup discussions. You don't have to kiss some
professor's ...toes.
I recommend Ivar Berg's __Education and Jobs: The Great Training
Robbery__.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
...
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The government of a locality is the largest dealer in interpersonal
violence in that localty (definition).
Eduardo Zambrano
Formal Models of Authority: Introduction and Political Economy
Applications
Rationality and Society, May 1999; 11: 115 - 138.
"Aside from the important issue of how it is that a ruler may
economize on communication, contracting and coercion costs, this leads
to an interpretation of the state that cannot be contractarian in
nature: citizens would not empower a ruler to solve collective action
problems in any of the models discussed, for the ruler would always be
redundant and costly. The results support a view of the state that is
eminently predatory, (the ? MK.) case in which whether the collective
actions problems are solved by the state or not depends on upon
whether this is consistent with the objectives and opportunities of
those with the (natural) monopoly of violence in society. This
conclusion is also reached in a model of a predatory state by Moselle
and Polak (1997). How the theory of economic policy changes in light
of this interpretation is an important question left for further
work."
Bananas.
Student will now have more affordable loans for college and more
American kids will be able to attend.
30.03.2010 - 20:38
In article <c029e9bf-148d-4197-a1d1-491ff30b8a83@8g2000yqz.googlegroups.com>,
Malcolm <malcolmkirkpatrick@yahoo.com> wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
Yes, and although he claims to be a believer in the
free market, he seems to believe that banks and profits
are evil.
(That students will pay an additional $1600 to $1800 a
year for their loans matters not at all to St. Obama.)
--
"The Nizkor website (secretly financed by the ADL and other Jewish front
organizations) is behind it." (David Irving, whining about Google's
reminder of his disgrace.) The facts:
http://nizkor.org/hweb/people/i/irving-david/judgment-00-00.html
Malcolm <malcolmkirkpatrick@yahoo.com> wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
Yes, and although he claims to be a believer in the
free market, he seems to believe that banks and profits
are evil.
(That students will pay an additional $1600 to $1800 a
year for their loans matters not at all to St. Obama.)
--
"The Nizkor website (secretly financed by the ADL and other Jewish front
organizations) is behind it." (David Irving, whining about Google's
reminder of his disgrace.) The facts:
http://nizkor.org/hweb/people/i/irving-david/judgment-00-00.html
30.03.2010 - 21:01
On Mar 30, 11:380am, kmc...@shell.vex.net (Kenneth McVay OBC) wrote:
In article <c029e9bf-148d-4197-a1d1-491ff30b8...@8g2000yqz.googlegroups.c=
om>,
Malcolm 0<malcolmkirkpatr...@yahoo.com> wrote:
>On Mar 30, 4:380pm, John Manning <jrobe...@terra.com.br> wrote:
>> Legislation to save $68 Billion instead of "padding student lenders'
>> profits"
>Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
>"Profit" is a bookkeeping term, the difference between total revenues
>and total costs. An organization which has no line in its balance
>sheet for profit must attribute all revenues to costs. This says
>nothing about the motives of the people in that organization.
Yes, and although he claims to be a believer in the
free market, he seems to believe that banks and profits
are evil.
(That students will pay an additional $1600 to $1800 a
year for their loans matters not at all to St. Obama.)
Students will *not* pay more. Their costs/fees will stay the same.
Here's an article to read:
http://www.theatlantic.com/business/archive/2010/03/3-cheers-for-the-new-st=
udent-lending-law/38188/
From the article:
Prior to the change implemented by the administration the government
guaranteed the loans because otherwise private banks wouldn't make low-
rate loans to an 18-year old kid with no earnings, no credit history,
and zero collateral when he won't start paying interest in four years.
So the banks get the interest and the government gets stuck with 97%
of the losses if the student defaults. Heads, students pay the bank.
Tails, taxpayers pay the bank.
As with the bank bailout the banks were getting all the profits and
the taxpayers were getting the shaft.
Effective today, student lending will be a government-run program.
What does that mean for borrowing students? Not a whole lot, as I
understand it. They will fill out the same paperwork and pay similar
interest rates. They'll even see annual payments capped at 10 percent
of current income. The only difference is that their interest --
roughly $7 billion a year for the next decade -- will go to the feds
instead of the banks. The government plans to set some of that money
aside for deficit reduction, inject billions into Pell grants for low-
income students and channel some of it into education initiatives like
community college support.
--
"The Nizkor website (secretly financed by the ADL and other Jewish front
organizations) is behind it." (David Irving, whining about Google's
reminder of his disgrace.) The facts:http://nizkor.org/hweb/people/i/irvi=
ng-david/judgment-00-00.html
In article <c029e9bf-148d-4197-a1d1-491ff30b8...@8g2000yqz.googlegroups.c=
om>,
Malcolm 0<malcolmkirkpatr...@yahoo.com> wrote:
>On Mar 30, 4:380pm, John Manning <jrobe...@terra.com.br> wrote:
>> Legislation to save $68 Billion instead of "padding student lenders'
>> profits"
>Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
>"Profit" is a bookkeeping term, the difference between total revenues
>and total costs. An organization which has no line in its balance
>sheet for profit must attribute all revenues to costs. This says
>nothing about the motives of the people in that organization.
Yes, and although he claims to be a believer in the
free market, he seems to believe that banks and profits
are evil.
(That students will pay an additional $1600 to $1800 a
year for their loans matters not at all to St. Obama.)
Students will *not* pay more. Their costs/fees will stay the same.
Here's an article to read:
http://www.theatlantic.com/business/archive/2010/03/3-cheers-for-the-new-st=
udent-lending-law/38188/
From the article:
Prior to the change implemented by the administration the government
guaranteed the loans because otherwise private banks wouldn't make low-
rate loans to an 18-year old kid with no earnings, no credit history,
and zero collateral when he won't start paying interest in four years.
So the banks get the interest and the government gets stuck with 97%
of the losses if the student defaults. Heads, students pay the bank.
Tails, taxpayers pay the bank.
As with the bank bailout the banks were getting all the profits and
the taxpayers were getting the shaft.
Effective today, student lending will be a government-run program.
What does that mean for borrowing students? Not a whole lot, as I
understand it. They will fill out the same paperwork and pay similar
interest rates. They'll even see annual payments capped at 10 percent
of current income. The only difference is that their interest --
roughly $7 billion a year for the next decade -- will go to the feds
instead of the banks. The government plans to set some of that money
aside for deficit reduction, inject billions into Pell grants for low-
income students and channel some of it into education initiatives like
community college support.
--
"The Nizkor website (secretly financed by the ADL and other Jewish front
organizations) is behind it." (David Irving, whining about Google's
reminder of his disgrace.) The facts:http://nizkor.org/hweb/people/i/irvi=
ng-david/judgment-00-00.html
30.03.2010 - 21:55
Duwaynea Anderson wrote:
On Mar 30, 11:38 am, kmc...@shell.vex.net (Kenneth McVay OBC) wrote:
In article <c029e9bf-148d-4197-a1d1-491ff30b8...@8g2000yqz.googlegroups.com>,
Malcolm <malcolmkirkpatr...@yahoo.com> wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
Yes, and although he claims to be a believer in the
free market, he seems to believe that banks and profits
are evil.
(That students will pay an additional $1600 to $1800 a
year for their loans matters not at all to St. Obama.)
Students will *not* pay more. Their costs/fees will stay the same.
Here's an article to read:
http://www.theatlantic.com/business/archive/2010/03/3-cheers-for-the-new-student-lending-law/38188/
From the article:
Prior to the change implemented by the administration the government
guaranteed the loans because otherwise private banks wouldn't make low-
rate loans to an 18-year old kid with no earnings, no credit history,
and zero collateral when he won't start paying interest in four years.
So the banks get the interest and the government gets stuck with 97%
of the losses if the student defaults. Heads, students pay the bank.
Tails, taxpayers pay the bank.
As with the bank bailout the banks were getting all the profits and
the taxpayers were getting the shaft.
Effective today, student lending will be a government-run program.
What does that mean for borrowing students? Not a whole lot, as I
understand it. They will fill out the same paperwork and pay similar
interest rates. They'll even see annual payments capped at 10 percent
of current income. The only difference is that their interest --
roughly $7 billion a year for the next decade -- will go to the feds
instead of the banks. The government plans to set some of that money
aside for deficit reduction, inject billions into Pell grants for low-
income students and channel some of it into education initiatives like
community college support.
From the White House website:
Under this new law, students enrolling in 2014 or later can choose to:
* Limit Payments to 10 Percent of Income:
Borrowers choosing the income-based repayment plan will pay no more
than 10 percent of their income above a basic living allowance,
reduced from 15 percent under current law.
The basic living allowance varies with family size and is set at 150
percent of the poverty line, currently equaling about $16,500 for a
single individual and $33,000 for a family of four.
o More than 1 million borrowers would be eligible to reduce their
monthly payments.
o The payment will be reduced by more than $110 per month for a
single borrower who earns $30,000 a year and owes $20,000 in
college loans, based on 2009 figures.
* Forgive Any Remaining Debt after 20 Years, or after 10 Years for
Those in Public Service:
Borrowers who take responsibility for their loans and make their
monthly payments will see their remaining balance forgiven after 20
years of payments, reduced from 25 years in current law.
o Public service workers such as teachers, nurses, and those in
military service will see any remaining debt forgiven after 10
years.
* Fully Funded by Student Loan Reforms:
These new initiatives are funded by ending the current subsidies
given to financial institutions that make guaranteed federal student
loans. Starting July 1, all new loans will be direct loans delivered
and collected by private companies under performance-based contracts
with the Department of Education.
According to the non-partisan Congressional Budget Office, ending
these wasteful subsidies will free up nearly $68 billion for college
affordability and deficit reduction over the next 11 years.
http://www.whitehouse.gov/issues/education/higher-education/ensuring-that-student-loans-are-affordable
On Mar 30, 11:38 am, kmc...@shell.vex.net (Kenneth McVay OBC) wrote:
In article <c029e9bf-148d-4197-a1d1-491ff30b8...@8g2000yqz.googlegroups.com>,
Malcolm <malcolmkirkpatr...@yahoo.com> wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
Yes, and although he claims to be a believer in the
free market, he seems to believe that banks and profits
are evil.
(That students will pay an additional $1600 to $1800 a
year for their loans matters not at all to St. Obama.)
Students will *not* pay more. Their costs/fees will stay the same.
Here's an article to read:
http://www.theatlantic.com/business/archive/2010/03/3-cheers-for-the-new-student-lending-law/38188/
From the article:
Prior to the change implemented by the administration the government
guaranteed the loans because otherwise private banks wouldn't make low-
rate loans to an 18-year old kid with no earnings, no credit history,
and zero collateral when he won't start paying interest in four years.
So the banks get the interest and the government gets stuck with 97%
of the losses if the student defaults. Heads, students pay the bank.
Tails, taxpayers pay the bank.
As with the bank bailout the banks were getting all the profits and
the taxpayers were getting the shaft.
Effective today, student lending will be a government-run program.
What does that mean for borrowing students? Not a whole lot, as I
understand it. They will fill out the same paperwork and pay similar
interest rates. They'll even see annual payments capped at 10 percent
of current income. The only difference is that their interest --
roughly $7 billion a year for the next decade -- will go to the feds
instead of the banks. The government plans to set some of that money
aside for deficit reduction, inject billions into Pell grants for low-
income students and channel some of it into education initiatives like
community college support.
From the White House website:
Under this new law, students enrolling in 2014 or later can choose to:
* Limit Payments to 10 Percent of Income:
Borrowers choosing the income-based repayment plan will pay no more
than 10 percent of their income above a basic living allowance,
reduced from 15 percent under current law.
The basic living allowance varies with family size and is set at 150
percent of the poverty line, currently equaling about $16,500 for a
single individual and $33,000 for a family of four.
o More than 1 million borrowers would be eligible to reduce their
monthly payments.
o The payment will be reduced by more than $110 per month for a
single borrower who earns $30,000 a year and owes $20,000 in
college loans, based on 2009 figures.
* Forgive Any Remaining Debt after 20 Years, or after 10 Years for
Those in Public Service:
Borrowers who take responsibility for their loans and make their
monthly payments will see their remaining balance forgiven after 20
years of payments, reduced from 25 years in current law.
o Public service workers such as teachers, nurses, and those in
military service will see any remaining debt forgiven after 10
years.
* Fully Funded by Student Loan Reforms:
These new initiatives are funded by ending the current subsidies
given to financial institutions that make guaranteed federal student
loans. Starting July 1, all new loans will be direct loans delivered
and collected by private companies under performance-based contracts
with the Department of Education.
According to the non-partisan Congressional Budget Office, ending
these wasteful subsidies will free up nearly $68 billion for college
affordability and deficit reduction over the next 11 years.
http://www.whitehouse.gov/issues/education/higher-education/ensuring-that-student-loans-are-affordable
30.03.2010 - 22:25
John Manning wrote:
Just James wrote:
John Manning wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
CBS NEWS - President Obama signed the health care reconciliation bill
into law Tuesday morning, taking the opportunity to focus not on health
care reform but on the other major element of the legislation: education
reform.
Mr. Obama hailed passage of education reforms that he said are "finally
making our student loan system work for students and our families."
Appearing at Northern Virginia Community College in Alexandria,
Virginia, the president said passage of the legislation represented a
victory for students in the "great battle" between students' interests
and the interests of banks and financial institutions, which spent
millions lobbying against reform.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."
"we can't afford to waste billions of dollars on giveaways to banks," he
said.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
The money saved will be used for the following, according to the
president:
* $2 billion in funding for community colleges, "one of the great
undervalued assets in our educational system";
* A doubling in funding for Pell Grants, adding $40 billion to the
program: More than 800,000 additional Pell awards will be made
over the next decade, the president said, with the amount they are
worth raised to nearly $6,000;
* Reform in student loan repayment: Starting in 2014, the percentage
of their income that students must pay back is being reduced from
15 percent to 10 percent, and students who pay their loans on time
will no longer have to pay them back after 20 years. For those who
go into teaching, nursing or the Armed Forces, repayment can stop
after 10 year;
* Strengthening historically black and other minority colleges and
universities, which the president said had been hard-hit by the
financial crisis.
"All of this is paid for," the president told an enthusiastic audience.
"We're redirecting money that was poorly spent to make sure that we're
making investments in our future."
All of this is well and good, but like healthcare reform, it does
little to attack the underlying problem. School costs have
skyrocketed and the little amounts being tossed at the problem won't
help much. Yea moving forward, but its not enough to be true reform.
Mr. Obama was introduced by Dr. Jill Biden, the wife of the vice
president, who also teaches at Northern Virginia Community College. The
president announced that Jill Biden would lead a summit on community
colleges at the White House in the fall.
He also took the opportunity to tweak his vice president; taking the
stage, Mr. Obama quipped, "Thank you Dr. Biden for that outstanding
introduction, and for putting up with Joe."
The president twice thanked House Speaker Nancy Pelosi for her
leadership on the legislation and also lauded other members of Congress
who took leadership roles.
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The bill signed into law by the president makes changes to the Senate
version of the health care legislation passed by the House. It is known
formally as the Health Care and Education Reconciliation Act of 2010.
http://www.cbsnews.com/8301-503544_162-20001419-503544.html
I hate that trick of tacking together two unrelated things. You know
if the republicans do it you would have been very upset.
All you're doing is whining like the Republicans, James. You haven't
changed much.
I like how a different opinion is "whining". You sound like Zootal
John. Seriously though, if the republicans had tacked an unrelated
piece of legislation to something that would pass, and they have, you
would have been upset. I'm only pointing out that the same tricks are
used by both parties.
We are still at war.
Gays still cannot be open in the military or marry.
The cost of health care is only going to go up.
In short, not much has changed. Now, it has only been a year and some,
so lets see how it goes. Perhaps Pres. Obama will actually be a man of
his word. That would be a change.
--
Just James
"Not everyone requires a rational explanation before they can believe
something. It's called faith." ~ Zootal (ARM 10/20/2009)
Priceless
Just James wrote:
John Manning wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
CBS NEWS - President Obama signed the health care reconciliation bill
into law Tuesday morning, taking the opportunity to focus not on health
care reform but on the other major element of the legislation: education
reform.
Mr. Obama hailed passage of education reforms that he said are "finally
making our student loan system work for students and our families."
Appearing at Northern Virginia Community College in Alexandria,
Virginia, the president said passage of the legislation represented a
victory for students in the "great battle" between students' interests
and the interests of banks and financial institutions, which spent
millions lobbying against reform.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."
"we can't afford to waste billions of dollars on giveaways to banks," he
said.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
The money saved will be used for the following, according to the
president:
* $2 billion in funding for community colleges, "one of the great
undervalued assets in our educational system";
* A doubling in funding for Pell Grants, adding $40 billion to the
program: More than 800,000 additional Pell awards will be made
over the next decade, the president said, with the amount they are
worth raised to nearly $6,000;
* Reform in student loan repayment: Starting in 2014, the percentage
of their income that students must pay back is being reduced from
15 percent to 10 percent, and students who pay their loans on time
will no longer have to pay them back after 20 years. For those who
go into teaching, nursing or the Armed Forces, repayment can stop
after 10 year;
* Strengthening historically black and other minority colleges and
universities, which the president said had been hard-hit by the
financial crisis.
"All of this is paid for," the president told an enthusiastic audience.
"We're redirecting money that was poorly spent to make sure that we're
making investments in our future."
All of this is well and good, but like healthcare reform, it does
little to attack the underlying problem. School costs have
skyrocketed and the little amounts being tossed at the problem won't
help much. Yea moving forward, but its not enough to be true reform.
Mr. Obama was introduced by Dr. Jill Biden, the wife of the vice
president, who also teaches at Northern Virginia Community College. The
president announced that Jill Biden would lead a summit on community
colleges at the White House in the fall.
He also took the opportunity to tweak his vice president; taking the
stage, Mr. Obama quipped, "Thank you Dr. Biden for that outstanding
introduction, and for putting up with Joe."
The president twice thanked House Speaker Nancy Pelosi for her
leadership on the legislation and also lauded other members of Congress
who took leadership roles.
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The bill signed into law by the president makes changes to the Senate
version of the health care legislation passed by the House. It is known
formally as the Health Care and Education Reconciliation Act of 2010.
http://www.cbsnews.com/8301-503544_162-20001419-503544.html
I hate that trick of tacking together two unrelated things. You know
if the republicans do it you would have been very upset.
All you're doing is whining like the Republicans, James. You haven't
changed much.
I like how a different opinion is "whining". You sound like Zootal
John. Seriously though, if the republicans had tacked an unrelated
piece of legislation to something that would pass, and they have, you
would have been upset. I'm only pointing out that the same tricks are
used by both parties.
We are still at war.
Gays still cannot be open in the military or marry.
The cost of health care is only going to go up.
In short, not much has changed. Now, it has only been a year and some,
so lets see how it goes. Perhaps Pres. Obama will actually be a man of
his word. That would be a change.
--
Just James
"Not everyone requires a rational explanation before they can believe
something. It's called faith." ~ Zootal (ARM 10/20/2009)
Priceless
30.03.2010 - 22:31
Duwaynea Anderson wrote:
On Mar 30, 9:50 am, Just James <post_mas...@sbcglobal.net> wrote:
John Manning wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
CBS NEWS - President Obama signed the health care reconciliation bill
into law Tuesday morning, taking the opportunity to focus not on health
care reform but on the other major element of the legislation: education
reform.
Mr. Obama hailed passage of education reforms that he said are "finally
making our student loan system work for students and our families."
Appearing at Northern Virginia Community College in Alexandria,
Virginia, the president said passage of the legislation represented a
victory for students in the "great battle" between students' interests
and the interests of banks and financial institutions, which spent
millions lobbying against reform.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."
"we can't afford to waste billions of dollars on giveaways to banks," he
said.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
The money saved will be used for the following, according to the president:
* $2 billion in funding for community colleges, "one of the great
undervalued assets in our educational system";
* A doubling in funding for Pell Grants, adding $40 billion to the
program: More than 800,000 additional Pell awards will be made
over the next decade, the president said, with the amount they are
worth raised to nearly $6,000;
* Reform in student loan repayment: Starting in 2014, the percentage
of their income that students must pay back is being reduced from
15 percent to 10 percent, and students who pay their loans on time
will no longer have to pay them back after 20 years. For those who
go into teaching, nursing or the Armed Forces, repayment can stop
after 10 year;
* Strengthening historically black and other minority colleges and
universities, which the president said had been hard-hit by the
financial crisis.
"All of this is paid for," the president told an enthusiastic audience.
"We're redirecting money that was poorly spent to make sure that we're
making investments in our future."
All of this is well and good, but like healthcare reform, it does little
to attack the underlying problem.
Depends on what "underlying problem" you're talking about. For
example, It will mean an extra 7 billion dollars being used for grants
and deficit reduction.
http://www.theatlantic.com/business/archive/2010/03/3-cheers-for-the-new-student-lending-law/38188/
I can imagine that a program that *costs* an extra 7 billion dollars
would have the "monetary conservatives" in a tizzy. So give the Black
man due credit; revamping the student loan program was a good thing.
The fact that the cost to go to school will only go up. I'm sure the
Pell will help many who have almost nothing, but for most of the middle
class and for the next 4 years, things just will not change. How about
a little loan forgiveness for those of us saddled with debt? No.
That's fine, I'll pay my dues, but I don't think this legislation will
make much difference.
Oh, and tagging it with health care reform is just more of the same from
capital hill.
--
Just James
"Not everyone requires a rational explanation before they can believe
something. It's called faith." ~ Zootal (ARM 10/20/2009)
Priceless
On Mar 30, 9:50 am, Just James <post_mas...@sbcglobal.net> wrote:
John Manning wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
CBS NEWS - President Obama signed the health care reconciliation bill
into law Tuesday morning, taking the opportunity to focus not on health
care reform but on the other major element of the legislation: education
reform.
Mr. Obama hailed passage of education reforms that he said are "finally
making our student loan system work for students and our families."
Appearing at Northern Virginia Community College in Alexandria,
Virginia, the president said passage of the legislation represented a
victory for students in the "great battle" between students' interests
and the interests of banks and financial institutions, which spent
millions lobbying against reform.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."
"we can't afford to waste billions of dollars on giveaways to banks," he
said.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
The money saved will be used for the following, according to the president:
* $2 billion in funding for community colleges, "one of the great
undervalued assets in our educational system";
* A doubling in funding for Pell Grants, adding $40 billion to the
program: More than 800,000 additional Pell awards will be made
over the next decade, the president said, with the amount they are
worth raised to nearly $6,000;
* Reform in student loan repayment: Starting in 2014, the percentage
of their income that students must pay back is being reduced from
15 percent to 10 percent, and students who pay their loans on time
will no longer have to pay them back after 20 years. For those who
go into teaching, nursing or the Armed Forces, repayment can stop
after 10 year;
* Strengthening historically black and other minority colleges and
universities, which the president said had been hard-hit by the
financial crisis.
"All of this is paid for," the president told an enthusiastic audience.
"We're redirecting money that was poorly spent to make sure that we're
making investments in our future."
All of this is well and good, but like healthcare reform, it does little
to attack the underlying problem.
Depends on what "underlying problem" you're talking about. For
example, It will mean an extra 7 billion dollars being used for grants
and deficit reduction.
http://www.theatlantic.com/business/archive/2010/03/3-cheers-for-the-new-student-lending-law/38188/
I can imagine that a program that *costs* an extra 7 billion dollars
would have the "monetary conservatives" in a tizzy. So give the Black
man due credit; revamping the student loan program was a good thing.
The fact that the cost to go to school will only go up. I'm sure the
Pell will help many who have almost nothing, but for most of the middle
class and for the next 4 years, things just will not change. How about
a little loan forgiveness for those of us saddled with debt? No.
That's fine, I'll pay my dues, but I don't think this legislation will
make much difference.
Oh, and tagging it with health care reform is just more of the same from
capital hill.
--
Just James
"Not everyone requires a rational explanation before they can believe
something. It's called faith." ~ Zootal (ARM 10/20/2009)
Priceless
30.03.2010 - 22:34
John Manning wrote:
Malcolm wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."..."we can't afford to waste billions of dollars on
giveaways to
banks," he said.
How is it any better to waste money on college professors and
government bureaucracy? Like health care, college costs rise in
parallel with subsidies. The difference between loan guarantees
(interest subsidies, basically) and direct subsidies through salaries
to college employees, is that loans preserve some competition between
providers, while direct salary subsidies make professors State
(government, generally) employees. In either case, subsidies reduce
competition relative to an unsubsidized market, and raise per-unit
costs, relative to an unsubsidized, competitive market.
If the US K-PhD education industry is not an employment program for
dues-paying members of the NEA/AFT/AFSCME cartel, a source of padded
construction and supply contracts for politically connected insiders,
and a venue for State-worshipful indoctrination, why cannot any
student take, at any age, an exit exam (the GED will do) and apply the
taxpayers' age 6-18 education subsidy toward post-secondary tuition or
toward a wage subsidy at any qualified (say, has filed W-2 forms on at
least three adult employees for at least the previous four years)
private-sector employer? If post-secondary education is so important,
why do governments require that students spend years in class? Why not
require that colleges offer every course credit-by-exam, at any time?
Most vocational training occurs more effectively on the job than in a
class. You want to Russian History? Read a book or ten and participte
in newsgroup discussions. You don't have to kiss some
professor's ...toes.
I recommend Ivar Berg's __Education and Jobs: The Great Training
Robbery__.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
...
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The government of a locality is the largest dealer in interpersonal
violence in that localty (definition).
Eduardo Zambrano
Formal Models of Authority: Introduction and Political Economy
Applications
Rationality and Society, May 1999; 11: 115 - 138.
"Aside from the important issue of how it is that a ruler may
economize on communication, contracting and coercion costs, this leads
to an interpretation of the state that cannot be contractarian in
nature: citizens would not empower a ruler to solve collective action
problems in any of the models discussed, for the ruler would always be
redundant and costly. The results support a view of the state that is
eminently predatory, (the ? MK.) case in which whether the collective
actions problems are solved by the state or not depends on upon
whether this is consistent with the objectives and opportunities of
those with the (natural) monopoly of violence in society. This
conclusion is also reached in a model of a predatory state by Moselle
and Polak (1997). How the theory of economic policy changes in light
of this interpretation is an important question left for further
work."
Bananas.
Student will now have more affordable loans for college and more
American kids will be able to attend.
Not even one of his points addressed? Bananas.
--
Just James
"Not everyone requires a rational explanation before they can believe
something. It's called faith." ~ Zootal (ARM 10/20/2009)
Priceless
Malcolm wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the coming
years, which will be spent to help students instead of "padding student
lenders' profits."..."we can't afford to waste billions of dollars on
giveaways to
banks," he said.
How is it any better to waste money on college professors and
government bureaucracy? Like health care, college costs rise in
parallel with subsidies. The difference between loan guarantees
(interest subsidies, basically) and direct subsidies through salaries
to college employees, is that loans preserve some competition between
providers, while direct salary subsidies make professors State
(government, generally) employees. In either case, subsidies reduce
competition relative to an unsubsidized market, and raise per-unit
costs, relative to an unsubsidized, competitive market.
If the US K-PhD education industry is not an employment program for
dues-paying members of the NEA/AFT/AFSCME cartel, a source of padded
construction and supply contracts for politically connected insiders,
and a venue for State-worshipful indoctrination, why cannot any
student take, at any age, an exit exam (the GED will do) and apply the
taxpayers' age 6-18 education subsidy toward post-secondary tuition or
toward a wage subsidy at any qualified (say, has filed W-2 forms on at
least three adult employees for at least the previous four years)
private-sector employer? If post-secondary education is so important,
why do governments require that students spend years in class? Why not
require that colleges offer every course credit-by-exam, at any time?
Most vocational training occurs more effectively on the job than in a
class. You want to Russian History? Read a book or ten and participte
in newsgroup discussions. You don't have to kiss some
professor's ...toes.
I recommend Ivar Berg's __Education and Jobs: The Great Training
Robbery__.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
...
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The government of a locality is the largest dealer in interpersonal
violence in that localty (definition).
Eduardo Zambrano
Formal Models of Authority: Introduction and Political Economy
Applications
Rationality and Society, May 1999; 11: 115 - 138.
"Aside from the important issue of how it is that a ruler may
economize on communication, contracting and coercion costs, this leads
to an interpretation of the state that cannot be contractarian in
nature: citizens would not empower a ruler to solve collective action
problems in any of the models discussed, for the ruler would always be
redundant and costly. The results support a view of the state that is
eminently predatory, (the ? MK.) case in which whether the collective
actions problems are solved by the state or not depends on upon
whether this is consistent with the objectives and opportunities of
those with the (natural) monopoly of violence in society. This
conclusion is also reached in a model of a predatory state by Moselle
and Polak (1997). How the theory of economic policy changes in light
of this interpretation is an important question left for further
work."
Bananas.
Student will now have more affordable loans for college and more
American kids will be able to attend.
Not even one of his points addressed? Bananas.
--
Just James
"Not everyone requires a rational explanation before they can believe
something. It's called faith." ~ Zootal (ARM 10/20/2009)
Priceless
30.03.2010 - 22:57
Just James wrote:
John Manning wrote:
Malcolm wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the
coming
years, which will be spent to help students instead of "padding student
lenders' profits."..."we can't afford to waste billions of dollars
on giveaways to
banks," he said.
How is it any better to waste money on college professors and
government bureaucracy? Like health care, college costs rise in
parallel with subsidies. The difference between loan guarantees
(interest subsidies, basically) and direct subsidies through salaries
to college employees, is that loans preserve some competition between
providers, while direct salary subsidies make professors State
(government, generally) employees. In either case, subsidies reduce
competition relative to an unsubsidized market, and raise per-unit
costs, relative to an unsubsidized, competitive market.
If the US K-PhD education industry is not an employment program for
dues-paying members of the NEA/AFT/AFSCME cartel, a source of padded
construction and supply contracts for politically connected insiders,
and a venue for State-worshipful indoctrination, why cannot any
student take, at any age, an exit exam (the GED will do) and apply the
taxpayers' age 6-18 education subsidy toward post-secondary tuition or
toward a wage subsidy at any qualified (say, has filed W-2 forms on at
least three adult employees for at least the previous four years)
private-sector employer? If post-secondary education is so important,
why do governments require that students spend years in class? Why not
require that colleges offer every course credit-by-exam, at any time?
Most vocational training occurs more effectively on the job than in a
class. You want to Russian History? Read a book or ten and participte
in newsgroup discussions. You don't have to kiss some
professor's ...toes.
I recommend Ivar Berg's __Education and Jobs: The Great Training
Robbery__.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
...
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The government of a locality is the largest dealer in interpersonal
violence in that localty (definition).
Eduardo Zambrano
Formal Models of Authority: Introduction and Political Economy
Applications
Rationality and Society, May 1999; 11: 115 - 138.
"Aside from the important issue of how it is that a ruler may
economize on communication, contracting and coercion costs, this leads
to an interpretation of the state that cannot be contractarian in
nature: citizens would not empower a ruler to solve collective action
problems in any of the models discussed, for the ruler would always be
redundant and costly. The results support a view of the state that is
eminently predatory, (the ? MK.) case in which whether the collective
actions problems are solved by the state or not depends on upon
whether this is consistent with the objectives and opportunities of
those with the (natural) monopoly of violence in society. This
conclusion is also reached in a model of a predatory state by Moselle
and Polak (1997). How the theory of economic policy changes in light
of this interpretation is an important question left for further
work."
Bananas.
Student will now have more affordable loans for college and more
American kids will be able to attend.
Not even one of his points addressed? Bananas.
He wrote a book. Reminds me of the horseshit thousands of pages Hugh
Nibley wrote to defend Joe Smith Jr's phony Book of Abraham. It's a
complete waste of time to address the mega dose of that kind of mostly
irrelevant self-aggrandizing logorrheic intellectual masturbation.
John Manning wrote:
Malcolm wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the
coming
years, which will be spent to help students instead of "padding student
lenders' profits."..."we can't afford to waste billions of dollars
on giveaways to
banks," he said.
How is it any better to waste money on college professors and
government bureaucracy? Like health care, college costs rise in
parallel with subsidies. The difference between loan guarantees
(interest subsidies, basically) and direct subsidies through salaries
to college employees, is that loans preserve some competition between
providers, while direct salary subsidies make professors State
(government, generally) employees. In either case, subsidies reduce
competition relative to an unsubsidized market, and raise per-unit
costs, relative to an unsubsidized, competitive market.
If the US K-PhD education industry is not an employment program for
dues-paying members of the NEA/AFT/AFSCME cartel, a source of padded
construction and supply contracts for politically connected insiders,
and a venue for State-worshipful indoctrination, why cannot any
student take, at any age, an exit exam (the GED will do) and apply the
taxpayers' age 6-18 education subsidy toward post-secondary tuition or
toward a wage subsidy at any qualified (say, has filed W-2 forms on at
least three adult employees for at least the previous four years)
private-sector employer? If post-secondary education is so important,
why do governments require that students spend years in class? Why not
require that colleges offer every course credit-by-exam, at any time?
Most vocational training occurs more effectively on the job than in a
class. You want to Russian History? Read a book or ten and participte
in newsgroup discussions. You don't have to kiss some
professor's ...toes.
I recommend Ivar Berg's __Education and Jobs: The Great Training
Robbery__.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
...
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The government of a locality is the largest dealer in interpersonal
violence in that localty (definition).
Eduardo Zambrano
Formal Models of Authority: Introduction and Political Economy
Applications
Rationality and Society, May 1999; 11: 115 - 138.
"Aside from the important issue of how it is that a ruler may
economize on communication, contracting and coercion costs, this leads
to an interpretation of the state that cannot be contractarian in
nature: citizens would not empower a ruler to solve collective action
problems in any of the models discussed, for the ruler would always be
redundant and costly. The results support a view of the state that is
eminently predatory, (the ? MK.) case in which whether the collective
actions problems are solved by the state or not depends on upon
whether this is consistent with the objectives and opportunities of
those with the (natural) monopoly of violence in society. This
conclusion is also reached in a model of a predatory state by Moselle
and Polak (1997). How the theory of economic policy changes in light
of this interpretation is an important question left for further
work."
Bananas.
Student will now have more affordable loans for college and more
American kids will be able to attend.
Not even one of his points addressed? Bananas.
He wrote a book. Reminds me of the horseshit thousands of pages Hugh
Nibley wrote to defend Joe Smith Jr's phony Book of Abraham. It's a
complete waste of time to address the mega dose of that kind of mostly
irrelevant self-aggrandizing logorrheic intellectual masturbation.
30.03.2010 - 23:40
John Manning wrote:
Just James wrote:
John Manning wrote:
Malcolm wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the
coming
years, which will be spent to help students instead of "padding
student
lenders' profits."..."we can't afford to waste billions of dollars
on giveaways to
banks," he said.
How is it any better to waste money on college professors and
government bureaucracy? Like health care, college costs rise in
parallel with subsidies. The difference between loan guarantees
(interest subsidies, basically) and direct subsidies through salaries
to college employees, is that loans preserve some competition between
providers, while direct salary subsidies make professors State
(government, generally) employees. In either case, subsidies reduce
competition relative to an unsubsidized market, and raise per-unit
costs, relative to an unsubsidized, competitive market.
If the US K-PhD education industry is not an employment program for
dues-paying members of the NEA/AFT/AFSCME cartel, a source of padded
construction and supply contracts for politically connected insiders,
and a venue for State-worshipful indoctrination, why cannot any
student take, at any age, an exit exam (the GED will do) and apply the
taxpayers' age 6-18 education subsidy toward post-secondary tuition or
toward a wage subsidy at any qualified (say, has filed W-2 forms on at
least three adult employees for at least the previous four years)
private-sector employer? If post-secondary education is so important,
why do governments require that students spend years in class? Why not
require that colleges offer every course credit-by-exam, at any time?
Most vocational training occurs more effectively on the job than in a
class. You want to Russian History? Read a book or ten and participte
in newsgroup discussions. You don't have to kiss some
professor's ...toes.
I recommend Ivar Berg's __Education and Jobs: The Great Training
Robbery__.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
...
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The government of a locality is the largest dealer in interpersonal
violence in that localty (definition).
Eduardo Zambrano
Formal Models of Authority: Introduction and Political Economy
Applications
Rationality and Society, May 1999; 11: 115 - 138.
"Aside from the important issue of how it is that a ruler may
economize on communication, contracting and coercion costs, this leads
to an interpretation of the state that cannot be contractarian in
nature: citizens would not empower a ruler to solve collective action
problems in any of the models discussed, for the ruler would always be
redundant and costly. The results support a view of the state that is
eminently predatory, (the ? MK.) case in which whether the collective
actions problems are solved by the state or not depends on upon
whether this is consistent with the objectives and opportunities of
those with the (natural) monopoly of violence in society. This
conclusion is also reached in a model of a predatory state by Moselle
and Polak (1997). How the theory of economic policy changes in light
of this interpretation is an important question left for further
work."
Bananas.
Student will now have more affordable loans for college and more
American kids will be able to attend.
Not even one of his points addressed? Bananas.
He wrote a book. Reminds me of the horseshit thousands of pages Hugh
Nibley wrote to defend Joe Smith Jr's phony Book of Abraham. It's a
complete waste of time to address the mega dose of that kind of mostly
irrelevant self-aggrandizing logorrheic intellectual masturbation.
Speaking of Nibley and The book of Abraham, you should SEE the drivel
Woody is putting out to defend that crap. You can clearly see that the
fragments are from the Book of the Dead and another burial token. They
have nothing on them whatsoever about Abraham and none of the notes
listed are accurate.
His reply? I don't know since I don't understand Egyptian Hieroglyphs
and there were other scrolls we no longer have. SUCH CRAP.
Oh, and his parallels with this Apocalypse of Abraham comparison with
the Book of Abraham is laughable.
--
Just James
"Not everyone requires a rational explanation before they can believe
something. It's called faith." ~ Zootal (ARM 10/20/2009)
Priceless
Just James wrote:
John Manning wrote:
Malcolm wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
He said it remedied a "sweetheart deal in federal law that essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the
coming
years, which will be spent to help students instead of "padding
student
lenders' profits."..."we can't afford to waste billions of dollars
on giveaways to
banks," he said.
How is it any better to waste money on college professors and
government bureaucracy? Like health care, college costs rise in
parallel with subsidies. The difference between loan guarantees
(interest subsidies, basically) and direct subsidies through salaries
to college employees, is that loans preserve some competition between
providers, while direct salary subsidies make professors State
(government, generally) employees. In either case, subsidies reduce
competition relative to an unsubsidized market, and raise per-unit
costs, relative to an unsubsidized, competitive market.
If the US K-PhD education industry is not an employment program for
dues-paying members of the NEA/AFT/AFSCME cartel, a source of padded
construction and supply contracts for politically connected insiders,
and a venue for State-worshipful indoctrination, why cannot any
student take, at any age, an exit exam (the GED will do) and apply the
taxpayers' age 6-18 education subsidy toward post-secondary tuition or
toward a wage subsidy at any qualified (say, has filed W-2 forms on at
least three adult employees for at least the previous four years)
private-sector employer? If post-secondary education is so important,
why do governments require that students spend years in class? Why not
require that colleges offer every course credit-by-exam, at any time?
Most vocational training occurs more effectively on the job than in a
class. You want to Russian History? Read a book or ten and participte
in newsgroup discussions. You don't have to kiss some
professor's ...toes.
I recommend Ivar Berg's __Education and Jobs: The Great Training
Robbery__.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
...
"This week we can rightly say the foundation on which America's future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The government of a locality is the largest dealer in interpersonal
violence in that localty (definition).
Eduardo Zambrano
Formal Models of Authority: Introduction and Political Economy
Applications
Rationality and Society, May 1999; 11: 115 - 138.
"Aside from the important issue of how it is that a ruler may
economize on communication, contracting and coercion costs, this leads
to an interpretation of the state that cannot be contractarian in
nature: citizens would not empower a ruler to solve collective action
problems in any of the models discussed, for the ruler would always be
redundant and costly. The results support a view of the state that is
eminently predatory, (the ? MK.) case in which whether the collective
actions problems are solved by the state or not depends on upon
whether this is consistent with the objectives and opportunities of
those with the (natural) monopoly of violence in society. This
conclusion is also reached in a model of a predatory state by Moselle
and Polak (1997). How the theory of economic policy changes in light
of this interpretation is an important question left for further
work."
Bananas.
Student will now have more affordable loans for college and more
American kids will be able to attend.
Not even one of his points addressed? Bananas.
He wrote a book. Reminds me of the horseshit thousands of pages Hugh
Nibley wrote to defend Joe Smith Jr's phony Book of Abraham. It's a
complete waste of time to address the mega dose of that kind of mostly
irrelevant self-aggrandizing logorrheic intellectual masturbation.
Speaking of Nibley and The book of Abraham, you should SEE the drivel
Woody is putting out to defend that crap. You can clearly see that the
fragments are from the Book of the Dead and another burial token. They
have nothing on them whatsoever about Abraham and none of the notes
listed are accurate.
His reply? I don't know since I don't understand Egyptian Hieroglyphs
and there were other scrolls we no longer have. SUCH CRAP.
Oh, and his parallels with this Apocalypse of Abraham comparison with
the Book of Abraham is laughable.
--
Just James
"Not everyone requires a rational explanation before they can believe
something. It's called faith." ~ Zootal (ARM 10/20/2009)
Priceless
30.03.2010 - 23:59
Just James wrote:
John Manning wrote:
Just James wrote:
John Manning wrote:
Malcolm wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
He said it remedied a "sweetheart deal in federal law that
essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the
coming
years, which will be spent to help students instead of "padding
student
lenders' profits."..."we can't afford to waste billions of dollars
on giveaways to
banks," he said.
How is it any better to waste money on college professors and
government bureaucracy? Like health care, college costs rise in
parallel with subsidies. The difference between loan guarantees
(interest subsidies, basically) and direct subsidies through salaries
to college employees, is that loans preserve some competition between
providers, while direct salary subsidies make professors State
(government, generally) employees. In either case, subsidies reduce
competition relative to an unsubsidized market, and raise per-unit
costs, relative to an unsubsidized, competitive market.
If the US K-PhD education industry is not an employment program for
dues-paying members of the NEA/AFT/AFSCME cartel, a source of padded
construction and supply contracts for politically connected insiders,
and a venue for State-worshipful indoctrination, why cannot any
student take, at any age, an exit exam (the GED will do) and apply the
taxpayers' age 6-18 education subsidy toward post-secondary tuition or
toward a wage subsidy at any qualified (say, has filed W-2 forms on at
least three adult employees for at least the previous four years)
private-sector employer? If post-secondary education is so important,
why do governments require that students spend years in class? Why not
require that colleges offer every course credit-by-exam, at any time?
Most vocational training occurs more effectively on the job than in a
class. You want to Russian History? Read a book or ten and participte
in newsgroup discussions. You don't have to kiss some
professor's ...toes.
I recommend Ivar Berg's __Education and Jobs: The Great Training
Robbery__.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
...
"This week we can rightly say the foundation on which America's
future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The government of a locality is the largest dealer in interpersonal
violence in that localty (definition).
Eduardo Zambrano
Formal Models of Authority: Introduction and Political Economy
Applications
Rationality and Society, May 1999; 11: 115 - 138.
"Aside from the important issue of how it is that a ruler may
economize on communication, contracting and coercion costs, this leads
to an interpretation of the state that cannot be contractarian in
nature: citizens would not empower a ruler to solve collective action
problems in any of the models discussed, for the ruler would always be
redundant and costly. The results support a view of the state that is
eminently predatory, (the ? MK.) case in which whether the collective
actions problems are solved by the state or not depends on upon
whether this is consistent with the objectives and opportunities of
those with the (natural) monopoly of violence in society. This
conclusion is also reached in a model of a predatory state by Moselle
and Polak (1997). How the theory of economic policy changes in light
of this interpretation is an important question left for further
work."
Bananas.
Student will now have more affordable loans for college and more
American kids will be able to attend.
Not even one of his points addressed? Bananas.
He wrote a book. Reminds me of the horseshit thousands of pages Hugh
Nibley wrote to defend Joe Smith Jr's phony Book of Abraham. It's a
complete waste of time to address the mega dose of that kind of mostly
irrelevant self-aggrandizing logorrheic intellectual masturbation.
Speaking of Nibley and The book of Abraham, you should SEE the drivel
Woody is putting out to defend that crap. You can clearly see that the
fragments are from the Book of the Dead and another burial token. They
have nothing on them whatsoever about Abraham and none of the notes
listed are accurate.
His reply? I don't know since I don't understand Egyptian Hieroglyphs
and there were other scrolls we no longer have. SUCH CRAP.
Oh, and his parallels with this Apocalypse of Abraham comparison with
the Book of Abraham is laughable.
Woody is apparently hopelessly buried in denial.
Think of it this way. *He* has to live with his own mental gymnastics of
self-deception and rationalization of lies as part and parcel of *his* life.
You escaped that mental prison. Good for you! FWIW I consider that a
great accomplishment.
John Manning wrote:
Just James wrote:
John Manning wrote:
Malcolm wrote:
On Mar 30, 4:38 pm, John Manning <jrobe...@terra.com.br> wrote:
Legislation to save $68 Billion instead of "padding student lenders'
profits"
Barak Obama is a doctrinaire socialist (i.e., an economic illiterate).
"Profit" is a bookkeeping term, the difference between total revenues
and total costs. An organization which has no line in its balance
sheet for profit must attribute all revenues to costs. This says
nothing about the motives of the people in that organization.
He said it remedied a "sweetheart deal in federal law that
essentially
gave billions of dollars to banks to act as unnecessary middlemen" in
the student loan process.
Mr. Obama said that the legislation would save $68 billion in the
coming
years, which will be spent to help students instead of "padding
student
lenders' profits."..."we can't afford to waste billions of dollars
on giveaways to
banks," he said.
How is it any better to waste money on college professors and
government bureaucracy? Like health care, college costs rise in
parallel with subsidies. The difference between loan guarantees
(interest subsidies, basically) and direct subsidies through salaries
to college employees, is that loans preserve some competition between
providers, while direct salary subsidies make professors State
(government, generally) employees. In either case, subsidies reduce
competition relative to an unsubsidized market, and raise per-unit
costs, relative to an unsubsidized, competitive market.
If the US K-PhD education industry is not an employment program for
dues-paying members of the NEA/AFT/AFSCME cartel, a source of padded
construction and supply contracts for politically connected insiders,
and a venue for State-worshipful indoctrination, why cannot any
student take, at any age, an exit exam (the GED will do) and apply the
taxpayers' age 6-18 education subsidy toward post-secondary tuition or
toward a wage subsidy at any qualified (say, has filed W-2 forms on at
least three adult employees for at least the previous four years)
private-sector employer? If post-secondary education is so important,
why do governments require that students spend years in class? Why not
require that colleges offer every course credit-by-exam, at any time?
Most vocational training occurs more effectively on the job than in a
class. You want to Russian History? Read a book or ten and participte
in newsgroup discussions. You don't have to kiss some
professor's ...toes.
I recommend Ivar Berg's __Education and Jobs: The Great Training
Robbery__.
The significance of the education reforms, he said, were "overlooked
amid all the hoopla, all the drama of last week" in passage of the
health care bill.
...
"This week we can rightly say the foundation on which America's
future
will be built is stronger than it was one year ago," he said,
referencing both health care and education reform.
The government of a locality is the largest dealer in interpersonal
violence in that localty (definition).
Eduardo Zambrano
Formal Models of Authority: Introduction and Political Economy
Applications
Rationality and Society, May 1999; 11: 115 - 138.
"Aside from the important issue of how it is that a ruler may
economize on communication, contracting and coercion costs, this leads
to an interpretation of the state that cannot be contractarian in
nature: citizens would not empower a ruler to solve collective action
problems in any of the models discussed, for the ruler would always be
redundant and costly. The results support a view of the state that is
eminently predatory, (the ? MK.) case in which whether the collective
actions problems are solved by the state or not depends on upon
whether this is consistent with the objectives and opportunities of
those with the (natural) monopoly of violence in society. This
conclusion is also reached in a model of a predatory state by Moselle
and Polak (1997). How the theory of economic policy changes in light
of this interpretation is an important question left for further
work."
Bananas.
Student will now have more affordable loans for college and more
American kids will be able to attend.
Not even one of his points addressed? Bananas.
He wrote a book. Reminds me of the horseshit thousands of pages Hugh
Nibley wrote to defend Joe Smith Jr's phony Book of Abraham. It's a
complete waste of time to address the mega dose of that kind of mostly
irrelevant self-aggrandizing logorrheic intellectual masturbation.
Speaking of Nibley and The book of Abraham, you should SEE the drivel
Woody is putting out to defend that crap. You can clearly see that the
fragments are from the Book of the Dead and another burial token. They
have nothing on them whatsoever about Abraham and none of the notes
listed are accurate.
His reply? I don't know since I don't understand Egyptian Hieroglyphs
and there were other scrolls we no longer have. SUCH CRAP.
Oh, and his parallels with this Apocalypse of Abraham comparison with
the Book of Abraham is laughable.
Woody is apparently hopelessly buried in denial.
Think of it this way. *He* has to live with his own mental gymnastics of
self-deception and rationalization of lies as part and parcel of *his* life.
You escaped that mental prison. Good for you! FWIW I consider that a
great accomplishment.
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