Translation of "We should not say to kids if your mom and dad can write a check for college you pay this much for college but if they can't you gotta pay a much higher rate because you gotta pay more on your student loans" and substituting one of my favorite things instead of college - ya know something a kid might want to have... Let's say a Corvette. Substituting... This should make as much sense right?
"We should not say to kids if your mom and dad can write a check for a Corvette you pay this much for the Corvette but if they can't you gotta pay a much higher rate because you gotta pay more on your car loans"
So we should lower the rate on a car loans so that those poor students aren't suffering. Try it yourself. Substitute for college/Corvette whatever you've taken a loan out to buy. This shit makes sense right?
And Jon, government doesn't lose money because two unrelated parties (i.e. the banks) decide to borrow money from each other. Also, if you buy a treasury and get 2% that's 2% off of the profits of that treasuries made. IOW they made more than 2% profit (generally) and are sharing 2% with you. That's not losing money Jon and you know it too! In fact:
The Fed has sent about $500 billion in profits to the U.S. Treasury since 2008.
If your viewpoint is valid you don't need to lie. Oh... I forgot. You guys have an agenda. And they say that people will not vote against their own best interests, Liz is worth $14 million and Jon $80 million bashing on rich people... Hypocritical? Not much.
- Union CollegeComputer Science
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