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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
07-13-2018, 10:53 AM
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#1
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,182
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Quote:
Originally Posted by Jim in CT
tell me why i’m wrong.
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Because you're just wrong.
First off universities are non-profit organizations. Second, Harvard has an endowment of 38 billion dollars, about 1/2 of their students don't even pay much if any tuition. 400k for an esteemed professor of her stature at one of the top schools in the world isn't in any way out of line.
If you'd bother to actually read what Warren was professing you'd see she's argued the government should underwrite student loans at a rate similar to what the banks get to borrow for to minimize profit either by private lenders or government profit.
It may not be a silver bullet to solve the cost of higher education but it's in no way hypocritical at all. |
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07-13-2018, 11:09 AM
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#2
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Hardcore Equipment Tester
Join Date: Mar 2001
Location: Abington, MA
Posts: 6,234
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Quote:
Originally Posted by spence
Because you're just wrong.
First off universities are non-profit organizations. Second, Harvard has an endowment of 38 billion dollars, about 1/2 of their students don't even pay much if any tuition. 400k for an esteemed professor of her stature at one of the top schools in the world isn't in any way out of line.
If you'd bother to actually read what Warren was professing you'd see she's argued the government should underwrite student loans at a rate similar to what the banks get to borrow for to minimize profit either by private lenders or government profit.
It may not be a silver bullet to solve the cost of higher education but it's in no way hypocritical at all.
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If the first paragraph of you statement is true, why does it cost north of 50 k for a year at Harvard? Why are so many people scrambling to save for or take out loans for secondary education?
Do you think it one for a professor to make 400k for a year and a half of teaching, then complain when she is done professing that college is too expensive, and then blaming it on banks?
The universities set the price of tuition not banks, if people want to go to school that bad and can't afford it they get loans.
Just like everything else that's costs money in the world, no one is forcing you to buy a house or that new truck and finance it, it is your decision. If you don't like the loan terms you shop around |
Bent Rods and Screaming Reels!
Spot NAZI
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07-13-2018, 11:21 AM
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#3
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,182
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Quote:
Originally Posted by TheSpecialist
If the first paragraph of you statement is true, why does it cost north of 50 k for a year at Harvard? Why are so many people scrambling to save for or take out loans for secondary education?
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All the top schools are above 50k these days. The difference is they've been able to use their stature and benefactors to create large endowments to offset tuition to get the best students.
Harvard actually has less students graduating with debt than just about another elite university. |
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07-13-2018, 03:27 PM
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#4
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Registered User
Join Date: Jul 2008
Posts: 20,429
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Quote:
Originally Posted by spence
Because you're just wrong.
First off universities are non-profit organizations. Second, Harvard has an endowment of 38 billion dollars, about 1/2 of their students don't even pay much if any tuition. 400k for an esteemed professor of her stature at one of the top schools in the world isn't in any way out of line.
If you'd bother to actually read what Warren was professing you'd see she's argued the government should underwrite student loans at a rate similar to what the banks get to borrow for to minimize profit either by private lenders or government profit.
It may not be a silver bullet to solve the cost of higher education but it's in no way hypocritical at all.
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the university is non profit. warren wasn’t a volunteer. she made a fortune, but claims banks cannot do the same. please explain the difference.
Posted from my iPhone/Mobile device |
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07-13-2018, 04:25 PM
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#5
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,182
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Quote:
Originally Posted by Jim in CT
the university is non profit. warren wasn’t a volunteer. she made a fortune, but claims banks cannot do the same. please explain the difference.
Posted from my iPhone/Mobile device
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Ok Jim. If you're making a large profit and paying employees and then spreading the profits to shareholders...it's not the same thing as paying employees for their work and using the excess to improve the institution and pay for students that can't afford a world class education but who have qualifications that deserve it. |
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07-13-2018, 05:37 PM
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#6
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Registered User
Join Date: Jul 2008
Posts: 20,429
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Quote:
Originally Posted by spence
Ok Jim. If you're making a large profit and paying employees and then spreading the profits to shareholders...it's not the same thing as paying employees for their work and using the excess to improve the institution and pay for students that can't afford a world class education but who have qualifications that deserve it.
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oh, it’s the bank shareholders that make it unethical!!! so if it’s a privately owned bank, or some kind of mutual, that would be ok for them to make student loans with interest?
that makes all kinds of sense.
Posted from my iPhone/Mobile device |
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07-13-2018, 05:45 PM
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#7
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,182
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Quote:
Originally Posted by Jim in CT
oh, it’s the bank shareholders that make it unethical!!! so if it’s a privately owned bank, or some kind of mutual, that would be ok for them to make student loans with interest?
that makes all kinds of sense.
Posted from my iPhone/Mobile device
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You're not getting it. Her position was that the government should lend money to students at the same rate it lends it to banks. |
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07-13-2018, 06:22 PM
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#8
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Registered User
Join Date: Jul 2008
Posts: 20,429
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Quote:
Originally Posted by spence
You're not getting it. Her position was that the government should lend money to students at the same rate it lends it to banks.
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no sir. her position was that the banks are exploiting the students. naturally she would never sink so low.
Posted from my iPhone/Mobile device |
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07-13-2018, 09:08 PM
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#9
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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Quote:
Originally Posted by Jim in CT
the university is non profit. warren wasn’t a volunteer. she made a fortune, but claims banks cannot do the same. please explain the difference.
Posted from my iPhone/Mobile device
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This is what she has concerns about
How universities, banks and the government turned student debt into America’s next financial black hole
https://www.rollingstone.com/politic...windle-124484/
Posted from my iPhone/Mobile device |
Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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07-14-2018, 05:58 AM
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#10
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Registered User
Join Date: Jul 2008
Posts: 20,429
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Quote:
Originally Posted by Pete F.
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but she profited by it also. i cannot believe you and spence, i just can’t. and you people claim that trump supporters are hypnotized? its you who can’t, ever, under any circumstances, being yourself to be critical of anyone prominent on. your side. i’m not asking you to say warren is the moral equivalent of trump. just to concede the glaring, obvious, irrefutable hypocrisy on this one issue. and you can’t do it. you aren’t capable of admitting she profited offf of students borrowing money. you just can’t. strange stuff.
Posted from my iPhone/Mobile device |
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07-14-2018, 06:38 AM
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#11
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Registered User
Join Date: Jun 2012
Location: Somerset MA
Posts: 9,124
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Quote:
Originally Posted by Jim in CT
but she profited by it also. i cannot believe you and spence, i just can’t. and you people claim that trump supporters are hypnotized? its you who can’t, ever, under any circumstances, being yourself to be critical of anyone prominent on. your side. i’m not asking you to say warren is the moral equivalent of trump. just to concede the glaring, obvious, irrefutable hypocrisy on this one issue. and you can’t do it. you aren’t capable of admitting she profited offf of students borrowing money. you just can’t. strange stuff.
Posted from my iPhone/Mobile device
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Jim
A Elephant and a Mouse are not the same Just because they both eat peanuts .. but thats what you are trying to get people to admit with warren and predatory lending ... using your logic the lunch lady the janitor or any one who has a job at any college or university in the country profited off of students borrowing money. even though they have no control over policy |
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07-15-2018, 06:56 AM
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#12
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Registered User
Join Date: Jul 2008
Posts: 20,429
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Quote:
Originally Posted by wdmso
Jim
A Elephant and a Mouse are not the same Just because they both eat peanuts .. but thats what you are trying to get people to admit with warren and predatory lending ... using your logic the lunch lady the janitor or any one who has a job at any college or university in the country profited off of students borrowing money. even though they have no control over policy
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ummm, i know an elephant and a mouse arentbthe same just because they eat peanuts. you guys are really slow in the uptake.
the mouse and the elephant are different. very different. but if both eat peanuts, neither one has the moral standing to lecture the other about why it’s evil to eat peanuts. do you honestly not agree with that? seriously?
Posted from my iPhone/Mobile device |
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07-15-2018, 07:04 AM
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#13
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Registered User
Join Date: Jun 2012
Location: Somerset MA
Posts: 9,124
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Quote:
Originally Posted by Jim in CT
ummm, i know an elephant and a mouse arentbthe same just because they eat peanuts. you guys are really slow in the uptake.
the mouse and the elephant are different. very different. but if both eat peanuts, neither one has the moral standing to lecture the other about why it’s evil to eat peanuts. do you honestly not agree with that? seriously?
Posted from my iPhone/Mobile device
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ever eat a Bad peanut or have a predatory loan both can ruin your day .. never heard the argument that banks couldn't make money
your the only one here not making the distinction between good and bad lenders |
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