Obama Tackles Rising College Costs

What loans? How much?

The student loan takeover by Sallie Mae has only added to rising costs. Anybody can borrow for college, and anybody does. More students borrowing = More students in college = Higher demand = Higher tuition. Colleges get their money up front. College students are debt slaves for decades. Thanks President Obama. You contributed to the problem that you now claim you want to fix. Hope and Change!

He is very in touch with the average American. He is a fighter and voice for what we need.

Posted by: Cheers | January 27, 2012, 2:56 pm 2:56 pm

I provide accounting consulting services to two public universities, one private university, and one community college. I understand completely.

So let’s see…Obama thinks that if the government stops federal spending on aid to colleges, tuition will go down. Makes sense, since once the colleges see that the free money is shut down, they will have to actually face the reality of what people can spend for college. Now, if he’d only sees that the same argument applies to everywhere else where the government gives out free money.

These colleges have been building grand buildings and adding things to the campus that really aren’t needed. For years. Susan is right about the non profit part being a myth. Build more, charge more, keep it going up. Your state taxes are helping pay for this as well. We’ve known this was the trend over the last several years as tuition has risen over the rate of inflation big time. And no, they’re not suddenly paying those professors a wad more. Obama is absolutely right to get into this. I’m getting sick and tired of him being put down when he’s trying to do something for the good of this country. We now know we need most people to go to college if possible. For our future. It doesn’t make for a strong nation to continue to price kids out of it. I do not agree with Susan on the loan changes though. I believe the most that changed is who is handling it and we cut out the middle men (banks).

SUSAN: More middle class Americans have entered the ranks of the poor under Obama than any other President in US history.

Actually Susan, you can thank GW Bush for the MESS HE made before he left. The fact that Americans are losing out goes back about 30 YEARS when that Republican HERO Reagan, came up with his “Trickle Down CRAP”. You see, it NEVER trickled and it ALL stayed way up there where that 1% resides NOW. Growth for the wealthy over the past 30 years 275%, growth for the rest, just about a FLATLINE! GW Bush only started TWO wars (UNPAID FOR) and LOWERED Taxes on the GREEDY, yeah he certainly was a joy. Check that one out and perhaps you ought to READ a little about HOW this all came about and the FACT that Obama is getting a good handle on the mess now (Which I’m SURE those of you on the Right DETEST), and when things REALLY improve more and more, this Nation will KNOW without a doubt that the right did NOTHING to help make things better but instead they whined every day while they refused to do their JOBS!

“Economics books say government spending increases demand which helps grow the economy…” ——————– Well Sally, you can’t say that our govt isn’t good at spending. Actually GREAT at spending – to the tune of a $16 Trillion dollar debt. How many more Trillions do you think it will take to unemployment down to around 6%? – - And then WHAT do we do about that debt???

Actually the right does it’s JOBS-we generate the income and pay the taxes that carry 40% of our freeloading fellow citizens that don’t pay ANY income tax.I’m sorry that anybody who is successful seems GREEDY to you.Maybe you can put your spatula down and strive to do something more rewarding than flipping burgers- then you might understand why most successful businessmen are Republicans and most of the losers who can’t cut it are Democrats.

Here’s a problem: in 2002, for every $4 a university needed, $3 came from taxes, $1 came from tuition. Then taxes were slashed. Someone/something had to suffer. Higher education was one of those that suffered. Today, for every $4 a university needs, 82 cents comes from taxes, the remaining $3.18 has to come from tuition. Ergo, tuition rises. If your local university has not tripled tuition in the last 10 years, they are operating on less money today than they were 10 years ago.

“Only the clueless Keynesians say that”
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The Keynesian haven’t been clueless…their predictions have been far more accurate than their critics
For example
The critics predicted that the stimulus would create runaway inflation. They were wrong.
They predicted monetary easing by the Fed would destroy the value of the dollar They were wrong.
They predicted austerity would encourage investors in Europe. They were totally wrong.
They predicted the S&P downgrade would ruin the marketability of US debt. They couldn’t have been more wrong, interest rates actually FELL afterwards.

The Keynesian are clueless…even though they’ve been right all along.

e generate the income and pay the taxes that carry 40% of our freeloading fellow citizens that don’t pay ANY income tax.
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I love it! Just keep telling 40% of Americans who pay a larger share of their income in all types of taxes than Mitt Romney does that they’re lazy freeloaders. It’s going to work miracles for you this election.

@demnme5 —> your earlier post re Bush & Reagan, et al, is extremely erroneous. The US economy certainly wasn’t perfect under Reagan policies, but like everyone keeps screeching about Obama cleaning up after Bush, so Reagan tried to clean up after Carter’s . It’s a perpetual construct we should all accept. And why do so many ignore congressional contributions?

I hope you all does to get this right. Been trying to get in college for 6 yaars.

Once TARP was passed there was NO CHANCE this country was going into a Great Depression, George Bush and his administration CAUSED TARP to be passed,thereby averting all of the predicted disasters that never would have happened anyway.Obama took a run of the mill recession that was already on the road to correction and completely screwed up the recovery by dumping a 800 billion dollar on a stimulus THAT HIS OWN ADVISORS said would not work-thank you N.Y. Times.This act dried up private cedit for 18 months when every prior historical correction relied on infusion of private capital.the MAN HIMSELF stated that if he had not fixed the economy after 3 years HE DID NOT DESERVE RE-ELECTION.Why would REPUBLICANS want to see this NATION fail when they OWN IT as you believe?

Too late for us…last one will graduate in the fall. I hope it benefits future students.

NEP…. It’s a secret, just like his college records. Posted by: Lizzie | January 27, 2012, 1:12 pm 1:12 pm __________________________Missing the point once more?

Wlll the Obama regulation machine also try to contol private institutions? Aren’t the free markets worth anything anymore to this president? If you don’t like and/or can’t afford the cost of tuition at College A, don’t go to college A. If college B is more your speed, apply there and attend THERE if that’s what you/your family can afford. If you don’t have food, don’t worry, the government will give you food stamps! If you can’t afford housing, don’t worry, the governent will give you Section 8 vouchers. Can’t afford college? Don’t worry. The government will bully universities into doing things Obama’s way. Yeah, that’s what this country is all about. God help us all.

Posted by: Logicsgood5

Let me give you a clue….you can’t divide just by jobs created because they spent stimulus funds on all kinds of things…just ask Republican governors like Rick Perry!

Where was all this tackling the last three years on anything…oh I know election year right??? Go back into your hole Mr. President.

Over 46% of Americans APPROVE of the job the President is doing. Over 3 million jobs have been added since Obama’s policies hit full stride. Oil production in the country is up. Green energy production in the country is up. GM is back at the #1 car company in the world! Bin Laden is dead. Kaddafhi is gone. Many, many al Qaeda leaders are gone. All of the world including Russia and China are onside against Iranian nuclear development. The stock market has gone up hugely since Obama’s policies began to kick in. This is a top of the line administration.

Had Bush or any Republican accomplished all of this in 3 years, the right wingers would be creaming their jeans and calling him one of the greatest presidents of all time. Trouble is – it isn’t Bush – it’s Obama – and right wingers are biased hypocrites .

Isn’t that the truth.

Posted by: Rosco | January 27, 2012, 6:13 pm 6:13 pm

President Obama’s initiatives have also been directed specifically at increasing the number of people skilled with trades needed immediately by American industry, but with few people currently trained to take those unfilled positions. Did you miss this? It was widely reported on.

Jake – Simple minds fail to grasp that every dollar the govt puts into the economy must first be taxed or borrowed out of the economy. No new spending, no new growth, just redistribution of wealth…
But keep it up Jake – the President is counting on you and like thinkers.

“Debt? Whats the big deal?” ————— And that’s what Greeks said years ago, I’m sure…
“All of the Republican proposals so far will increase the debt enormously.” ————— Personally I like the Connie Mack Penny Plan. Rep Paul Ryan and Sen Ron Paul have good ideas as well. And then there’s the President’s Committee on Deficit Reduction….. Have the Dems embraced ANY of these ideas?? Hardly.

Paul Ryan’s plan will increase the debt tremendously over the next ten years, with huge tax cuts to all the usual suspects…like Mitt Romney. It’s a scam.

Posted by: jumbo shrimp | January 27, 2012, 6:41 pm 6:41 pm

They name-jack when they know they’re losing. Medicare and SS are not insolvent yet.

Unless we get a handle on the debt, it will destroy us economically. Regardless of D or R (they both got us here) the govt needs to STOP SPENDING. As soon as other countries decide to quit financing our debt, it’s over. Obama and Co simply does not care. Period.

Sorry Jake – I’ve been turning a nice profit – along with my employees – for years.
Let me try for 2 out of 2 – Zero jobs created AND one of the 47%.
(And right, I need to be more honest – Like 250k to 500k jobs per month and unemployment might reach 8% without the Pork – I mean Stimulus – Bill. You bought that crap hook, line and sinker…)
LOL

Drastic government spending cuts will shrink the economy, investors know this,and investors aren’t going to invest in an economy which they think is going to shrink.

Obama talked about taxing capital gains at 30%! That will absolutely kill investment and retirement accounts. Reform the tax code and get our financial house in order (this means entitlements). Those two steps alone would bring investors out of the woodwork.

Obama talked about taxing capital gains at 30%! That will absolutely kill investment and retirement accounts.
——————————–
It never did before. The 15% rate was put in place by Bush. The Bush tax cuts have been in place for years and the only investment claims he can make evaporated with the implosion of the housing bubble.

“When Medicare was enacted in 1965, official government projections foresaw hospital spending — the program’s largest component — reaching only $9 billion in 1990. Actual Medicare spending on hospital care in that year was $66 billion, or over seven times as high.” —– CATO Institute

Total Medicare spending in 2011 was over $550 Billion in 2011, and projected to be over $975 Billion in 2021. Unsustainable.

“More students borrowing = More students in college = Higher demand = Higher tuition. Colleges get their money up front. College students are debt slaves for decades. Thanks President Obama. You contributed to the problem that you now claim you want to fix.” – Susan

Thanks for posting that little lesson in basic economics.
More proof, as if we need it, that Barry doesn’t understand what he’s doing.

Gov. Rick Snyder’s approval and favorability ratings have plummeted just as with Rick Scott in FL and Dan Walker in WI. Republicans in congress in state capitols are very unpopular.

The Perkins loan portion of the president’s plan would not cost taxpayers any additional money because students pay off the aid money with interest. Leaders in higher education praised the president’s proposals. Of course, unpopular Congressional Republicans will likely continue their do-nothing, know-nothing scorched earth obstructionism.

Thanks George Bush for keeping us safe and reminding us what a jaka$$ we have for a president now.

. I make a living developing econometric models.

Posted by: Susan | January 27, 2012, 10:28 pm 10:28 pm

Sure, and I’m a colonist on the moon.

Give it up.

our GDP growth in 2011 was half of what it was in 2010
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Well duh! The stimulus ran out in 2011. BTW this is exactly what the clueless Keynesians predicted.

our GDP growth in 2011 was half of what it was in 2010
———————————-

Well duh! The stimulus ran out in 2011. BTW this is exactly what the clueless Keynesians predicted.

Posted by: jumbo shrimp | January 27, 2012, 10:55 pm 10:55 pm

Wrong! The Commerce Department’s report on GDP says the economy grew just 1.7% last year, almost half of 2010′s 3% growth. The report falls short of the consensus forecast of USA TODAY’s panel of 48 economists, whose median prediction was for a 3.1% growth rate. The Keynesians were way off in the wrong direction. AGAIN. It wouldn’t surprise me if the 1.7% figure gets revised downward.

The Keynesian predicted that the stimulus was too small for an economic downturn of this magnitude and would have temporary marginal benefits but by 2011 the effects would fade and the economy might slide back into a possible double-dip recession. The slowdown from 2010 to 2011 is what they predicted.

She could get a job with scrupulous businesspersons like Warren Buffet and Bill Gates, instead of financial vampires like Mitt Romney

Posted by: jumbo shrimp | January 27, 2012, 11:25 pm 11:25 pm

Taxpayer leeches don’t want jobs. They’re too lazy. Plus internet addiction isn’t a trait most employers are looking for.

Well, you can’t prove that she doesn’t have a job, or that you’ve ever had one…so this argument has become moot.

GOP presidential candidate Newt Gingrich is accusing rival Mitt Romney’s of being a liar.

“I think it’s the most blatantly dishonest performance by a presidential candidate I’ve ever seen,” Gingrich said in a telephone interview with the Washington Post Friday.

Make that Swiss tax shelter account ;^)Someone like Romney — who’s living off his investments, not the sweat of his brow — is making less of a fiscal sacrifice than many other Americans. And, puh-lease, he has never had to worry about pink slips.

Well, you can’t prove that she doesn’t have a job, or that you’ve ever had one…so this argument has become moot.

Posted by: jumbo shrimp | January 27, 2012, 11:52 pm 11:52 pm

Nobody who spends over 16 hours a day, 7 days a week, tethered to a PC shilling for Obama has time for a job, let alone time for a spouse, children, siblings, parents, friends, volunteering, hobbies, or anything else that makes life fulfilling and worthwhile.

“Nobody who spends over 16 hours a day, 7 days a week, tethered to a PC …”

And you’re an expert because you spend over 16 hours a day, 7 days per week, tethered to your pc shilling for the GOP?

interesting…

Greed has run Amouck! If a public school student has to go to Summer School — it is no longer Free! and must be paid for. A college education should not cost our young people or any people an arm and a leg as education is a valuable asset if we plan to have ideas and solutions for future problems. We are not a third world country all though some would prefer it that way.

Romeny (the Super Rich & Greed) vs. the people (Pres. Obama) !

America is at a “fork in the road”! Will we continue to let greed and selfishness rule us or will we go back the principles we were founded on — that of sharing and opportunity for everyone one and just not the special few! There is nothing inherently wrong with being rich as Long as you don’t hinder others from achieving and having the same opportunities you have and/or as long as you dont hide your assets so you don’t have to pay your fair share to the common good and liftup your fellowmen.

“Greed has run Amouck! If a public school student has to go to Summer School — it is no longer Free! and must be paid for.”

if a student “has to go” to summer school, that means they failed a class during the year. that’s their own mistake, you stupid liberal. of course they have to pay for it.