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GiveMeDaLoot11 | 16 |
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replied to
Carcieri plans to eliminate the promise of annual pension increases to retirees
in Politics Quote Originally Posted by djbrow:
1) Have you lost your freedom to fly in an airplane? Is it really faster for you to drive cross country instead of flying, or was that a failed attempt at sarcasm? 2) You mean you lost the freedom to borrow money to purchase a property? 3) You now worry. Is that a lost freedom? I'll ask again. What freedoms have you lost.
1) Yes - not flying cross country, just 2 hours away 2) Yes - not borrowing, just purchasing 3) Yes - lost freedom to think of better things |
Travis77 | 216 |
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Quote Originally Posted by djbrow:
So let me repeat, please show me how this isn't profitable, given the verification of how profitable student loans have been. Perhaps if you spent more time on actual facts, your wife need not shop at 50% off sales. Student loans are SUBSIDIES. For every dollar the government puts into its Student Loan program is LOSES money. How is this hard to understand?? Will it lose less money by cutting out the lenders? Yes. (assuming it does not turn around and lend the "savings" back out and runs as efficient an operation as the lenders) |
rick3117 | 48 |
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replied to
Carcieri plans to eliminate the promise of annual pension increases to retirees
in Politics Quote Originally Posted by djbrow:
What freedoms have YOU lost. Also, the original poster was inferring to actions by the Obama administration in his response actually was referring to in general (although Obama and Bush administrations have affected it greatly) examples: used to be able to get on an airplane and fly somewhere faster than I can now drive there. used to be able to buy a house without having to prove where I was financially 20 years ago, peeing into a cup and providing 10 forms of identification proving I am who I say I am and the money I am using is actually mine (exaggerations, but not by much) used to be able to spend my time worrying about how I am going to pay for my retirement instead of having to now spend time trying to figure out how I am going to pay for everyone else's |
Travis77 | 216 |
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Quote Originally Posted by djbrow:
Look at pages v-xi, especially x and xi. You are mistaken. And as a general matter, again, we know banks found student loans to be profitable. https://www.dailyfinance.com/story/credit/how-the-banks-student-loan-gravy-train-finally-got-halted/19417573/ The interest rates essentially are unchanged. Suddenly, it isn't profitable here. With all the "profits" on these loans its surprising the government doesn't give them to every person in the world... If you define "profitable" as "costs less, but still a negative amount" then you are correct, they are very profitable. You and my wife have similar views on how much you "save" me during a 50% off sale. |
rick3117 | 48 |
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replied to
Carcieri plans to eliminate the promise of annual pension increases to retirees
in Politics Quote Originally Posted by cd329:
its really amazing how some of these younger guys just dont understand the difference between a promise and a contract. Even with all your perfect explanations of how a pension is part of the pay structure and how the work has already been done, they cant grasp it. Are todays generation of kids that slow now? I guess until there boss stiffs them for work they did, they will not understand this. Scary future with todays generation in charge someday. Watch the stone throwing as it is YOUR generation who NEGLECTED to fund the pensions that you are now asking US to pay |
Travis77 | 216 |
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replied to
Carcieri plans to eliminate the promise of annual pension increases to retirees
in Politics Quote Originally Posted by cd329:
Its a free country. Used to be |
Travis77 | 216 |
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Quote Originally Posted by djbrow:
There is nothing on page 12 that shows that government will change any current practice that exists with loans. Please copy and paste what you are referencing. Nice try. Page 12 shows you how much it is expected to cost the Government in 2010 on these loans. I see no profit. |
rick3117 | 48 |
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replied to
Carcieri plans to eliminate the promise of annual pension increases to retirees
in Politics Quote Originally Posted by cd329:
Grego, when you make comments like this its shows your jealousy instead of your knowledge of the topic. Sorry, but I don't buy into your "elitist" view that a public sector person is somehow better than your private sector person based on their job title and are therefore somehow entitled to more. Yeah I respect the danger involved in such jobs such as a firefighter or cop, but I also respect the dangers involved in such jobs as construction or convenience store clerk. You telling me those people don't work hard? |
Travis77 | 216 |
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Quote Originally Posted by djbrow:
Please provide evidence to support your incorrect assertion that student loans are not profitable for the lender. I surely expect They are profitable for the lender, except when the lender is the US Government. https://cbo.gov/ftpdocs/110xx/doc11043/03-25-StudentLoans.pdf page 12 Student loan defaults going up as we speak while interest rates charged are really low (too low). Not to mention Obama already said the "savings" would be rolled into more loans.... |
rick3117 | 48 |
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Quote Originally Posted by djbrow:
One would think that right wingers would be happy about this overall. It is a way for the government that make money on the interest with a minimum of risk since student loan holders are the least likely to default and they are not dischargeable in bankruptcy. Oh, but wait, the usual hypocrisy. LOL.... I won't hold my breath for all the savings.... "minimum or risk" ... math skills need refresher.... default rate certainly higher than any interest rates charged on these loans.... |
rick3117 | 48 |
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replied to
Carcieri plans to eliminate the promise of annual pension increases to retirees
in Politics Quote Originally Posted by Iveycheats:
It amazes me that so much venom can be aimed at people who DID WORK for almost their whole adult life............ Keep in mind though that many systems like the RI Fire Dept... you can retire after 20yrs with pension of 1/2 salary w/benfits for life. So you work till you are 40 (20 years) and collect for (35+ years)... pretty nice deal |
Travis77 | 216 |
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replied to
Carcieri plans to eliminate the promise of annual pension increases to retirees
in Politics Pension recipients entitiled to everything they were promised, but they must also start realizing that trying to fullfill that promise may now mean they get nothing. Is that fair -- absolutely not. Is it possible -- absolutely. Agencies need to quickly control this burden for futures hires so that at least there is a sense that it will eventually (although painfully) work itself out of the system. |
Travis77 | 216 |
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Not always possible / possibly not desireable, but if all parties are up for it.... you will be much better off financially working one job if you move out of NY... move South... do it while you are young.
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Kings55dez | 27 |
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Quote Originally Posted by KOAJ:
will never happen this is a big fat carrot to try and get some southern senator votes for cap and tax. once he does and it passes he wont follow through on this dont believe him for a second |
5_for_Fighting | 37 |
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Quote Originally Posted by zcoach99:
We provide all of their defense needs. Defense from what? |
JerryRice80 | 122 |
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Quote Originally Posted by cd329:
Maybe if all you shareholders didnt want to make so much damn profit, the cost of my phone bill would be lower each month. Its amazing how some of you want others to take less, but when it hits your own pocketbooks, it becomes the end of the world and you cry bloody murder. You do realize that at public companies like AT&T a large chunk of their "shareholders" are employees right? And instead of "pensions" that you so love, companies instead like to give company stock or stock options. Pensions were replaced by ESOPS and pensions tend to turn the employees into self-serving where ESOPS tend to focus employees on benefiting themselves by benefiting the company. |
Travis77 | 46 |
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Quote Originally Posted by cd329:
12 billion in profit I feel real bad that they have to pay a billion out of that 12. I actually might lose sleep tonight worrying about it. Why the hell are you so worried about these companies making that kind of obscene money? Why don't you donate an extra 10% of your paycheck and see if it bothers you then? |
Travis77 | 46 |
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I am just glad they told everyone they are about to sell 27% of the companies shares.... that normally helps the share price... lol
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Travis77 | 46 |
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Quote Originally Posted by D-Town:
I have had the purple Dyson (The Animal) for about 5 years and it is hands down the best vacuum I have ever owned. It still works as good as the day I bought it and you never have to buy vacuum bags. - For anyone who thinks it works the same as a hoover, make sure you have turned the Dyson 'on'. |
Irish08 | 36 |
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