Topic: Idea on Stimulus Bill..
raiderfan_32's photo
Sun 02/08/09 08:39 AM
Ok, let me throw this out there and see if it sticks. Let me know what you guys think..

Millions of people out there have tens of thousands of dollars in college loan debt..

should there be any money in the bill that goes towards easing the burden on college grads who have student loan debt?

say, forgive 15-20% (or more?) of the amount on Federal Student loans that are out there for college grads still paying on their loans who have graduated in the last 10 years..

something like that? maybe a flat rate for grads from '99 to present, and taper it down going back?

please try to keep the liberal/conservtive rancor to a quiet roar on this one and let's see if there are any idea that the geniuses in congress haven't thought of that could help people trying to contribute in the workforce..

AndrewAV's photo
Sun 02/08/09 10:20 AM
Nope. College is an investment and pays for itself in the end.

If something has to be done, the only answer I can see is tax breaks for all (big ones for live-in home ownership, capital gains, etc.) and even larger ones for businesses, especially those that expand (as in breaks on the costs of expansion, not "here's $3,000 for hiring a new employee"). Then cut any program that is not necessary and just sit back and let it ride. Once the economy stabilizes and lending continues, interest rates need to go back up to the 3-5% prime rate again.

This bill will not create or save so many jobs because it will be putting competition into the marketplace. If energy goes green, then all the non-green companies are losing money and have to make cuts. Jobs are basically just moved around. The only way to get more is to expand the economy. To help businesses expand and bring unemployment back to the perfect 4-5%, you need to bring the bottom line of businesses up. Taxes take away from that bottom line.

Government has no place in the marketplace.

raiderfan_32's photo
Sun 02/08/09 11:12 AM
how about allowing people to pay back their loans with pre-tax dollars, like they do with health care accounts??

you're already allowed to deduct whatever interest you paid over the year but if they let you pay back your loans with pre-tax earnings, that would be prett sweet..

mek67's photo
Sun 02/08/09 01:16 PM
how about evryone in america pay their own debts and quit expecting the tax payers to cover it for them