<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: Higher Debt-ucation</title>
	<atom:link href="http://www.mdmproofing.com/iym/weblog/2011/12/higher-debt-ed/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.mdmproofing.com/iym/weblog/2011/12/higher-debt-ed/</link>
	<description></description>
	<lastBuildDate>Tue, 14 May 2013 10:58:39 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.5.1</generator>
	<item>
		<title>By: Michael</title>
		<link>http://www.mdmproofing.com/iym/weblog/2011/12/higher-debt-ed/comment-page-1/#comment-5570</link>
		<dc:creator>Michael</dc:creator>
		<pubDate>Thu, 29 Dec 2011 01:15:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.mdmproofing.com/iym/weblog/?p=2375#comment-5570</guid>
		<description><![CDATA[RichUncle,

Good thing everything else -- our current debt and all prior obligations -- is free, and we have plenty of money available to fund anything under the sun. The rest of the world will loan funny money to us in perpetuity, and we&#039;ll trade them our funny money for theirs, and we&#039;ll all live happily ever after and eat chocolate chip cookies and tiramisu every night. And prosperity will reign, so long as we continue to &quot;grow our economy&quot; via wholesale debt creation.

Where does it stop? I thought the whole Iraq thing was stupid; I thought the bailouts of 2008-09 were stupid; I think the idea of for &quot;higher ed for all&quot; is stupid. I am wholeheartedly against stupid.

&lt;i&gt;So now that the U.S. has money waiting to be allocated...&lt;/i&gt;

Because heaven knows paying back our debt -- or even JUST STOPPING ADDING TO IT -- is a ridiculous proposition, an idea to be brushed aside with obvious contempt and derision.

&lt;i&gt;Also what do you think of those countries that offer higher education practically free to their citizens with no questions asked?&lt;/i&gt;

Mostly, I think that the road to &quot;entitlement hell&quot; (and eventual economic disruption) is paved with good intentions. It plays out that way, over and over again. But hey -- if they&#039;ve got the money to pay for it, more power to &#039;em.]]></description>
		<content:encoded><![CDATA[<p>RichUncle,</p>
<p>Good thing everything else &#8212; our current debt and all prior obligations &#8212; is free, and we have plenty of money available to fund anything under the sun. The rest of the world will loan funny money to us in perpetuity, and we&#8217;ll trade them our funny money for theirs, and we&#8217;ll all live happily ever after and eat chocolate chip cookies and tiramisu every night. And prosperity will reign, so long as we continue to &#8220;grow our economy&#8221; via wholesale debt creation.</p>
<p>Where does it stop? I thought the whole Iraq thing was stupid; I thought the bailouts of 2008-09 were stupid; I think the idea of for &#8220;higher ed for all&#8221; is stupid. I am wholeheartedly against stupid.</p>
<p><i>So now that the U.S. has money waiting to be allocated&#8230;</i></p>
<p>Because heaven knows paying back our debt &#8212; or even JUST STOPPING ADDING TO IT &#8212; is a ridiculous proposition, an idea to be brushed aside with obvious contempt and derision.</p>
<p><i>Also what do you think of those countries that offer higher education practically free to their citizens with no questions asked?</i></p>
<p>Mostly, I think that the road to &#8220;entitlement hell&#8221; (and eventual economic disruption) is paved with good intentions. It plays out that way, over and over again. But hey &#8212; if they&#8217;ve got the money to pay for it, more power to &#8216;em.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: RichUncle EL</title>
		<link>http://www.mdmproofing.com/iym/weblog/2011/12/higher-debt-ed/comment-page-1/#comment-5566</link>
		<dc:creator>RichUncle EL</dc:creator>
		<pubDate>Wed, 28 Dec 2011 21:22:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.mdmproofing.com/iym/weblog/?p=2375#comment-5566</guid>
		<description><![CDATA[I understand what your saying here, but I believe their could be a postive side to helping those with student loan debt. The country is now done with the war in which we were paying billions of dollars to support. So now that the U.S. has money waiting to be allocated, then a program (Stimulus ) could be established to assist the citizens of this country saddled with student debt. If this happens then those same people will have a more money to spend back into the economy. As our GDP is made up of 70% of consumer spending I think it will be beneficial for the country. Also what do you think of those countries that offer higher education practically free to their citizens with no questions asked. There is always two sides of any debate.]]></description>
		<content:encoded><![CDATA[<p>I understand what your saying here, but I believe their could be a postive side to helping those with student loan debt. The country is now done with the war in which we were paying billions of dollars to support. So now that the U.S. has money waiting to be allocated, then a program (Stimulus ) could be established to assist the citizens of this country saddled with student debt. If this happens then those same people will have a more money to spend back into the economy. As our GDP is made up of 70% of consumer spending I think it will be beneficial for the country. Also what do you think of those countries that offer higher education practically free to their citizens with no questions asked. There is always two sides of any debate.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Michael</title>
		<link>http://www.mdmproofing.com/iym/weblog/2011/12/higher-debt-ed/comment-page-1/#comment-5180</link>
		<dc:creator>Michael</dc:creator>
		<pubDate>Tue, 13 Dec 2011 04:09:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.mdmproofing.com/iym/weblog/?p=2375#comment-5180</guid>
		<description><![CDATA[Mike,

I wish I had the answers, but I don&#039;t. All I know is that, simply, the &quot;s*#t keeps getting piled deeper and deeper,&quot; and there is no end in sight ... because there can&#039;t be. If the spending stops, GDP collapses. If the spending continues, we&#039;ll just keep heading for the cliff, biding time until the rest of the world decides it no longer wants our paper. At that point, all bets are off.

Now that the precendent has been established, and all the entitlement groups well-entrenched, there won&#039;t be an end to the bailouts. They&#039;ll happen, in one form or another, for whatever groups step up and deliver either votes or politi-bucks back to the source.]]></description>
		<content:encoded><![CDATA[<p>Mike,</p>
<p>I wish I had the answers, but I don&#8217;t. All I know is that, simply, the &#8220;s*#t keeps getting piled deeper and deeper,&#8221; and there is no end in sight &#8230; because there can&#8217;t be. If the spending stops, GDP collapses. If the spending continues, we&#8217;ll just keep heading for the cliff, biding time until the rest of the world decides it no longer wants our paper. At that point, all bets are off.</p>
<p>Now that the precendent has been established, and all the entitlement groups well-entrenched, there won&#8217;t be an end to the bailouts. They&#8217;ll happen, in one form or another, for whatever groups step up and deliver either votes or politi-bucks back to the source.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Mike</title>
		<link>http://www.mdmproofing.com/iym/weblog/2011/12/higher-debt-ed/comment-page-1/#comment-5176</link>
		<dc:creator>Mike</dc:creator>
		<pubDate>Mon, 12 Dec 2011 22:29:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.mdmproofing.com/iym/weblog/?p=2375#comment-5176</guid>
		<description><![CDATA[I think it might have been Pat Buchanan who suggested that people were taking out government loans to essentially engage in hobbies for a few years.  Because the loans are not bankruptable these students will be paying on these loans for years to come, as the institutions laugh all the way to the bank. 

The Federal Government and Colleges and University seem to be the most revered and trusted entities by the OWS crowd and it is precisely the actions of these two that have caused this issue. 

So Michael (I think that&#039;s the author&#039;s name correct) what is an American to do if he finds that the government will bail out these people too?  If the banks and financials, then the auto industry, then the &quot;Studies&quot; Crowd- (Womens Studies, Latino Studies, Norwegian Studies, etc.) - all get bailed out how will you demonstrate that your country no longer recognizes rule of law? Do we just have to keep coughing up the tax dollars to support every bad decision in the world?  I do not have any answers.  I will strongly argue against anyone condoning violence.  But, really, what is one to do?]]></description>
		<content:encoded><![CDATA[<p>I think it might have been Pat Buchanan who suggested that people were taking out government loans to essentially engage in hobbies for a few years.  Because the loans are not bankruptable these students will be paying on these loans for years to come, as the institutions laugh all the way to the bank. </p>
<p>The Federal Government and Colleges and University seem to be the most revered and trusted entities by the OWS crowd and it is precisely the actions of these two that have caused this issue. </p>
<p>So Michael (I think that&#8217;s the author&#8217;s name correct) what is an American to do if he finds that the government will bail out these people too?  If the banks and financials, then the auto industry, then the &#8220;Studies&#8221; Crowd- (Womens Studies, Latino Studies, Norwegian Studies, etc.) &#8211; all get bailed out how will you demonstrate that your country no longer recognizes rule of law? Do we just have to keep coughing up the tax dollars to support every bad decision in the world?  I do not have any answers.  I will strongly argue against anyone condoning violence.  But, really, what is one to do?</p>
]]></content:encoded>
	</item>
</channel>
</rss>
