Paul wants to phase out federal student loans

24 Oct

WASHINGTON (AP) – Republican presidential contender #RonPaul said Sunday he wants to end federal student loans, calling it a failed program that has put students $1 trillion in debt when there are no jobs and when the quality of education has deteriorated.

Paul unveiled a plan last week to cut $1 trillion from the federal budget that would eliminate five Cabinet departments, including education. He’s also wants young workers to be able to opt out of Social Security.

The student loan program is not part of those cuts, but Paul said Sunday on NBC’s “Meet the Press” that he’d kill the loan program eventually if he were president. That could put him at odds with some of his young followers, many of whom are college students.

Paul blamed government intervention in the economy for rising tuition.

“Just think of all this willingness to want to help every student get a college education,” said Paul, who graduated from Gettysburg College in Pennsylvania before earning a medical degree at the Duke University School of Medicine. “I went to school when we had none of those. I could work my way through college and medical school because it wasn’t so expensive.”

Annual tuition for Gettysburg College is $42,610 for the 2011-2012 academic year. Annual tuition at Duke’s medical school runs $46,621, according to its web site.

Amid such rising costs, borrowing for college is at record levels. The Federal Reserve Bank of New York says students and parents took out a record $100 billion last year, and owe more on student loans – more than $1 trillion is outstanding – than credit cards.


Editors Notes;

Interesting concept, no loans to students struggling with tuition. Let’s spend the money saved on less frivolous items like bombs or fancy new jets. This sort of lunacy proposed by idiots running for office cannot continue. We the 99% must make sure the people we put in office that govern us are first and foremost for the people. We must stop the blind eyes at the voting booths across the country and pay attention to what we the people want, and, will get from our elected politicians.

We cannot blame Washington for being so incompetent that they cannot attend to the people’s business and instead are wallowing in a political quagmire of self-destruction. We the people (the 99%) are tired of the political rhetoric. We will march, we will publish and we will learn that our leaders are to be held accountable to the people who put them in office. This must be done to evolve change.

We of many ships are ever watchful and are dedicated to bringing truth to the people. The consequences of not paying attention to those we elect is apparent. Our grand children will pay the price for our ignorance. Our Democracy is floundering because of Washington power struggles. This we cannot allow to happen. This is not a legacy I wish to present to my grand children. This is one war I and ships captains intend to take to the limit. It is that important. It is the American spirit we intend to preserve. It is American freedom at risk, we shall prevail.
#rwwwb #anonymousIRC #YourAnonNews

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Posted by on October 24, 2011 in #OWS


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