Monday, October 24, 2011

One Trillion Dollars In Student Loans

There is approximately one trillion in student loans outstanding, most of which is guaranteed by the federal government.   Socialist and Communist organizers of the mobs protesting on our streets are calling for the forgiveness of these student loans.   Some years back the law was changed so that student loans, as one of few debts, cannot be discharged by a bankruptcy proceeding because there were so many deadbeat college graduates that refused to pay back these loans.    Now we have students that apparently did not read the fine print when they borrowed their living expenses, rather than work, and the monies for their tuition and books.    Average student loans are around $23,000; but there are many students that owe far more. 

So now the Socialists and Communists, that are protesting against the Wall Street bail outs, want American taxpayers to take the hit for dead beat students.   They are pushing for a bail out for students.   First of all, where are the parents of these students.    Why aren't parents helping their kids in need.   But more important, why on earth should the American taxpayer bail out students that have years to repay these loans at low interest rates. 

Socialist President Obama needs student votes to win reelection, so don't be surprised if the President doesn't unveil some student loan bail out plan in the next 30 - 60 days.  Let us hope that he cannot do it by Executive Order.  If he tries it, Obama should be impeached.   Obama has already over stepped the power of the Presidency through his gestapo agencies, the Environmental Protection Agency and the National Labor Relations Board.   Obama is trying to use the Federal Communications Commission to gain control of the Internet.   Enough is enough. 

We have to sweep President Obama and his Socialist pals in government out of office in 2012 and 2014.   These characters, along with their supporters, environmental wackos, public employee unions, trial lawyers and companies benefiting from crony capitalism are destroying our economy and our country.   As such, we must make Obama a one term President in 2012 because he is an Obamanation on our country.   Just wait and see.  Obama will propose a student loan bail out at tax payer expense even though a majority of Americans are opposed. 

This is just another example why we must take back our country in 2012 and 2014.   These Socialist and Communists are bankrupting our country.   We can't let that happen.   Instead, we must elect common sense Conservatives that support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real education, energy, health care and entitlement reform, a strong national defense, including securing our border and fighting Terrorism, the right to bear arms, the sanctity of life and family values that are the foundation of our nation.   This is the platform supported by the majority of the American people and the only way to restore economic growth and job creation again in our country. 

And, when the students ask for a bail out, all Americans and especially those of us who worked our way through university,  should all say HELL NO.   Students need to find a job and pay off their loans no matter how long it takes.   We don't owe these students a free ride, that's for sure.      


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