He's still rising in the polls despite the best efforts of the GOP establishment. Dude's invincible.Is Trump in prison now...?
What the hell is going on in this thread?
trump 2016
- Thread starter The Other Side
- Start date
wkmac
Well-Known Member
I don't consider Trump the first but I do think he is perfecting the model to take it to a whole new level.
This is the point where a person, who thinks he is a republican (for whatever reason) runs out of talking points and resorts to the 3 year old mentally they truly have.
TOS.
i wouldnt be suprised if there was privately owned slave corporations which would fit the defnition perfectly. maybe the invention of a corporation was too late, but maybe not. there probably still are privately owned slave corporations outside america.
anyways, there are usually a privately owned and a publicly owned and controlled type of both capitalism, slavery, feudalism, and socialism, etc.
markets are not unique to any of them, neither are profits, nor exploitation.
alot of guys i listen to are surprised by what trump is saying and are calling him a fascist not for the sake of name calling, but because he has fascist characteristics.
lets not forget at the same time it is now much more popular than it was since world war 2 to criticize capitalism and talk about socialism in america.
other countries are also dealing with the same thing where the bulk of hte population is either swinging to the left or the right, and away from the centre. greece had a brand new left wing party come into power, and it also has a neo nazi party which finished 3rd which has killed immigrants. spain has a brand new left wing party which is gaining popularity. in france, all 3 levels in government were controlled by socialists, and now a new pretty far right wing party might come into power.
the common denominator is the bad economy. its the reason why its happening.
question is will america go down the path of fascism and actually start killing off segments of its population?
lets not forget at the same time it is now much more popular than it was since world war 2 to criticize capitalism and talk about socialism in america.
other countries are also dealing with the same thing where the bulk of hte population is either swinging to the left or the right, and away from the centre. greece had a brand new left wing party come into power, and it also has a neo nazi party which finished 3rd which has killed immigrants. spain has a brand new left wing party which is gaining popularity. in france, all 3 levels in government were controlled by socialists, and now a new pretty far right wing party might come into power.
the common denominator is the bad economy. its the reason why its happening.
question is will america go down the path of fascism and actually start killing off segments of its population?
newfie
Well-Known Member
Washington post article and quote from it:
https://www.washingtonpost.com/news...government-does-not-profit-off-student-loans/
"But just about all these plans have one feature in common: they set the interest rate on student loans below the market rate. And because they're below the market rate, that costs the federal government money. Contrary to popular belief, and many a breathless article, the government does not, in fact, book a profit on student loans."
newfie
Well-Known Member
and when such a point is reached , you are at least able to understand his argument.
newfie
Well-Known Member
what you fail to understand is that government ownership of the process negates it as free enterprise.
newfie
Well-Known Member
an economic system does say profit.
newfie
Well-Known Member
My fear with Donald is not that he is a facist but that he will prove to be a flaming liberal if he gets elected. His history indicates that may be where his heart has been in the past.
Other then that I like the way he is stirring things up. Do you really want politicians that take polls and then tell you what you want to hear?
bottomups
Bad Moon Risen'
Would trust the CBO before the Washington Post.
According to the latest projections from the CBO, the federal government will earn about $127 billion over the next ten years from its recently acquired role as the direct provider of most student loans. The breakdown of these profits (CBO makes you do the math from tables that arehere) is roughly three-quarters from loans to graduate students, one-quarter from loans to parents, and a slight loss in loans to undergraduate students. The reason for the difference is that undergraduate students meeting federal limits on family income and assets qualify for subsidized student loans. This means that even after making some unsubsidized undergraduate student loans, the federal government is close to breakeven across all undergraduate loans made.
newfie
Well-Known Member
last time I checked 'close to breakeven" is not a profit.
bottomups
Bad Moon Risen'
Decreased or waived interest of subsidized Stafford loans are only granted until 6 months after graduation after which they begin to accrue interest charges.
bottomups
Bad Moon Risen'
Close to breaking even on undergraduate loans plus a healthy profit on graduate loans is where the government comes out ahead.
newfie
Well-Known Member
you lost this argument when you posted a link proving the government was not profiting. there is no participation trophy available for you.
bottomups
Bad Moon Risen'
Your reading skills are lacking. What part of the government earning $127 billion over the next 10 years don't you understand? People such as yourself are a fine example of why are schools are failing.
newfie
Well-Known Member
the begging is not going to do you any good. I cant even give you a passing grade on effort since you clearly didn't do your homework before posting a link that supported my argument.
bottomups
Bad Moon Risen'
Since you bring up your guy "Mr. Trump"
EVERYDAY MONEY FEDERAL STUDENT LOANS
Donald Trump Says The Government Profits on Student Debt. Is That True?
Sept. 22, 2015
Darren McCollester—Getty ImagesRepublican Presidential candidate Donald Trump speaks during a town hall event at Rochester Recreational Arena September 17, 2015 in Rochester, New Hampshire.
A closer look at what the GOP frontrunner said about student loans on Twitter.
MORE
30% of Debtors Would Sell an Organ to Erase Student Loans
How I’m Paying Off $155K in Student Loans From Pharmacy School
Donald Trump Invited Twitter to #AskTrump Anything and Here’s What Happened
As part of a Twitter campaign that Republican presidential candidate Donald Trump launched on Monday (#AskTrump), the GOP-frontrunner addressed the hot-button issue of student loan burdens.
About $100 billion of more than $1 trillion in student loan debt is in default, according to the Government Accountability Office.
Trump said he’d “fix” the problem. He didn’t offer any details, but did make this surprising claim: The U.S. government is turning a profit on student loans.
Trump said:
Right now, it’s not fair. It’s one of the only places, frankly, where our country actually makes money. And they make a lot of money. And that should not take place.
Is that right? Does the government actually make money off of student loans? The official answer is yes. But there’s an asterisk. A private lending business wouldn’t do accounting like the federal government.
At the simplest level, if profit simply means that the government expects to bring in more from student loans than it pays out, then student loans are indeed a gain for taxpayers. According to Congressional Budget Office estimates, over the next decade the four largest student loan programs will yield budget savings of $135 billion. Helping students pay for college doesn’t add to the deficit, but reduces it.
That makes sense: The Federal government can borrow at a very low rate—a bit over 2%—and then charges borrowers a higher interest rate of more than 4%. Even assuming some expected defaults, that’s enough to leave the loan programs in the black.
But Jason Delisle, director of the Federal Education Budget Project at The New America Foundation, says that the accounting practices that the government uses here (by law) wouldn’t be used in the private sector. “If Donald Trump used the accounting method that the federal government uses to calculate loans, he’d be subject to serious fines, his businesses would go under,” says Delisle.
The CBO itself has suggested a more “comprehensive” way to calculate to cost of its loan programs. It would show that instead of earning taxpayers $135 billion over ten years, student loans actually cost about $88 billion. Here’s why: Not only are some people likely to default on loans over time, but they are especially likely to do so when the economy is in trouble. For a private lending business, that possibility—the CBO calls it market risk—is something you’d need to account for. So a private business would likely demand higher rates than the government does.
“On average, the Federal government will come out ahead on the loans,” says Delisle. “But the issue is that no one invests on average, everyone hedges for the bad times.”
If this all seems wonky—it is!—here’s a simple way to think about it. On average, the government comes out ahead on student loans. But at the same time, it is still lending to students at a rate you’d be hard pressed to get from a bank. So the profit doesn’t necessarily mean students are getting a raw deal.
Federal student loan borrowers also get “favorable repayment options and consumer protections” that aren’t available in private-sector loans, says the Center on Budget and Policy Priorities. (However, student loans are difficult to discharge in bankruptcy court.)
How much federal loans should cost or gain the government is certainly debatable. One point of running student loans through the government is that the U.S. Treasury can handle risks private businesses cannot.
But perhaps the real reason student loans burdens are so high isn’t that borrowers are paying high rates—it’s that fast-rising tuition has pushed so many students to borrow in the first place.
EVERYDAY MONEY FEDERAL STUDENT LOANS
Donald Trump Says The Government Profits on Student Debt. Is That True?
Sept. 22, 2015
Darren McCollester—Getty ImagesRepublican Presidential candidate Donald Trump speaks during a town hall event at Rochester Recreational Arena September 17, 2015 in Rochester, New Hampshire.
A closer look at what the GOP frontrunner said about student loans on Twitter.
MORE
30% of Debtors Would Sell an Organ to Erase Student Loans
How I’m Paying Off $155K in Student Loans From Pharmacy School
Donald Trump Invited Twitter to #AskTrump Anything and Here’s What Happened
As part of a Twitter campaign that Republican presidential candidate Donald Trump launched on Monday (#AskTrump), the GOP-frontrunner addressed the hot-button issue of student loan burdens.
About $100 billion of more than $1 trillion in student loan debt is in default, according to the Government Accountability Office.
Trump said he’d “fix” the problem. He didn’t offer any details, but did make this surprising claim: The U.S. government is turning a profit on student loans.
Trump said:
Right now, it’s not fair. It’s one of the only places, frankly, where our country actually makes money. And they make a lot of money. And that should not take place.
Is that right? Does the government actually make money off of student loans? The official answer is yes. But there’s an asterisk. A private lending business wouldn’t do accounting like the federal government.
At the simplest level, if profit simply means that the government expects to bring in more from student loans than it pays out, then student loans are indeed a gain for taxpayers. According to Congressional Budget Office estimates, over the next decade the four largest student loan programs will yield budget savings of $135 billion. Helping students pay for college doesn’t add to the deficit, but reduces it.
That makes sense: The Federal government can borrow at a very low rate—a bit over 2%—and then charges borrowers a higher interest rate of more than 4%. Even assuming some expected defaults, that’s enough to leave the loan programs in the black.
But Jason Delisle, director of the Federal Education Budget Project at The New America Foundation, says that the accounting practices that the government uses here (by law) wouldn’t be used in the private sector. “If Donald Trump used the accounting method that the federal government uses to calculate loans, he’d be subject to serious fines, his businesses would go under,” says Delisle.
The CBO itself has suggested a more “comprehensive” way to calculate to cost of its loan programs. It would show that instead of earning taxpayers $135 billion over ten years, student loans actually cost about $88 billion. Here’s why: Not only are some people likely to default on loans over time, but they are especially likely to do so when the economy is in trouble. For a private lending business, that possibility—the CBO calls it market risk—is something you’d need to account for. So a private business would likely demand higher rates than the government does.
“On average, the Federal government will come out ahead on the loans,” says Delisle. “But the issue is that no one invests on average, everyone hedges for the bad times.”
If this all seems wonky—it is!—here’s a simple way to think about it. On average, the government comes out ahead on student loans. But at the same time, it is still lending to students at a rate you’d be hard pressed to get from a bank. So the profit doesn’t necessarily mean students are getting a raw deal.
Federal student loan borrowers also get “favorable repayment options and consumer protections” that aren’t available in private-sector loans, says the Center on Budget and Policy Priorities. (However, student loans are difficult to discharge in bankruptcy court.)
How much federal loans should cost or gain the government is certainly debatable. One point of running student loans through the government is that the U.S. Treasury can handle risks private businesses cannot.
But perhaps the real reason student loans burdens are so high isn’t that borrowers are paying high rates—it’s that fast-rising tuition has pushed so many students to borrow in the first place.
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