Polls can also cause bias reporting due to the wording and semantics pf the warding. I am telling you right now-Clowns tax hikes are DOA.

BTW-read the comments in that LA Times article, and then try to tell me 65% are in favor of the tax hikes.

Instead of punishing the ones who have mismanaged the public treasure by deficit spending and declaring a war on all new taxes – we go for each other’s throats.

The general consensus is that higher taxes are good as long as the other guy has to foot the bill.

Personally I don’t put too much credibility in the polls until we are 6 weeks away from the elections.

Don’t lose hope yet.

Strong majority backs Jerry Brown’s tax-hike initiative

http://articles.latimes.com/2012/mar/25/local/la-me-state-poll-20120326

I bet if you polled the naive kids who signed their lives away with massive student debtloads that 90% were unaware at signing that the debt cannot be discharged in bankrupcy court and literally follows them to the grave. I bet that 95% of them were unaware at signing that $270B of the outstanding $1T in student debt is delinquent 30 days or more. That basically means that the borrowers can’t find a damn job to pay down the principal or interest. But when the the bright-eyed optimist enrolled to be a sociology major the university academic counselor told him that a BA in Sociology would open many doors for job opportunties. But he didn’t mention were that the jobs included dressing up in a chicken costume and directing motorists to a fast food restaurant. I bet 97% of them were unaware that their student loans were helping to fund $600,000 compensation packages for the University President and a nice retirement @ age 55.

I borrowed $6K, and within 15 years after graduation Sallie Mae had fraudulently ran that $6K up to $80K.

They not only predatory, they are fraudulent. How else can Al Lord, Sallie Mae CEO, build an 18 hole gold course in his backyard-that money is not coming form manufacturing or commerce, it is being fraudulently ripped off from the backs of the poor.

“Almost two-thirds of U.S. student- loan borrowers misunderstood or were surprised by aspects of their loans or the student-loan process, a study shows.

About 20 percent of the respondents in an online survey said the amount of their monthly payments was unexpected, according to the study released today by Young Invincibles, a nonprofit group in Washington that represents the interests of 18-to-34 year-olds. The respondents had an average of $76,000 in student debt”

http://www.bloomberg.com/news/2012-03-21/student-borrowers-lack-understanding-of-loan-terms-study-shows.html

These are predatory loans, plain and simple. This is the fuel is that is driving the growth in your fake economy!

You see, if they fully disclosed the terms of the loans and the consequences involved for signing onto one – the kids would run in the opposite direction like bats out of hell……AND THE CLASSROOMS WOULD BE EMPTY!

Therefore, deception is the necessary ingredient that keeps Mr. Bankster and Mr. University President in business! 🙂

Selling a student loan to a naive bubbleheaded 19 year old kid is about as easy as swiping candy from a baby.

“Fitch discloses something rather troubling, namely that of the $1 trillion + in student debt outstanding, “as many as 27% of all student loan borrowers are more than 30 days past due.” In other words at least $270 billion in student loans are no longer current (extrapolating the delinquency rate into the total loans outstanding)”

http://www.zerohedge.com/news/first-crack-270-billion-student-loans-are-least-30-days-delinquent

This is a financial disaster waiting to happen. Just like with the housing bubble. They are doing the same thing with college education loans as they did with home mortgages. The victims here are the financially naive kids who sign their lives away to become debt slaves early on. This is a debt that they are prohibited from discharging through bankruptcy law. The evil banksters give the kids these loans knowing full well that they will NEVER be responsible for any loan that goes bad. They just pass the loss off to the taxpayer. Easy come, easy go. The banksters love it. The university staffs love it. For them it a full employment program – at greatly inflated salaries and pensions. This is what they call ‘capitalism’ in America! 😀

Bingo! You got it, rex!

Other than child support arrears and taxes, student loan debt is one of the only forms of debt that can’t be discharged in bankruptcy court. What a huge sham – which is also unconstitutional, btw.

You see, if Mr. Bankster makes a crap student loan to a poor risk he is not forced to eat the loss since the student loan is guaranteed by the government. So it’s alot like the housing bubble. The banksters sold mortgage loans to indigents with lousy credit scores because they knew Uncle Sam had their backs. Same with the student loans. Exactly the same. How’s that for crony capitalism?

The goverment should get out of the educational loan business alltogether. And the kids should be allowed to discharge student debt in bankruptcy court. With those two policies enacted the cost of education would PLUMMET and come down to reasonable levels. But Mr. University President and Mr. Bankster would stomp their feet, hold their breath and turn blue. So it will NEVER happen. It’s a rigged system – just like all the other systems the government involves itself in.

Our universities are full of idiots. Large numbers of kids are forced to take remedial studies when entering college for what they didn’t learn in our high school. I knew many, many fellow students in college who had absolutely no business being there. It took them 7 years to get a BA or BS because they majored in partying. Many of these kids are taking majors that won’t get them a $12/hr job in the real world. It’s a total sham. Borderline criminal IMO!