Gordon Wayne Watts
Gordon Wayne Watts

Here is a slightly more detailed explanation of the 'logic' behind why I support Alan's petition here:

@ U.S. Rep. Hansen Clarke (D-13th. Dist. -MI), now that you have lost your congressional primary and thus have nothing to lose, please do this:
Please introduce a bill that --
(A) Returns ALL Standard Consumer Protections to Student Loans; and.
(B) Eliminates ALL Federal monies from EVER being used to make or guarantee Student Loans (But, grants, in a limited sense, can help, if not...

Here is a slightly more detailed explanation of the 'logic' behind why I support Alan's petition here:

@ U.S. Rep. Hansen Clarke (D-13th. Dist. -MI), now that you have lost your congressional primary and thus have nothing to lose, please do this:
Please introduce a bill that --
(A) Returns ALL Standard Consumer Protections to Student Loans; and.
(B) Eliminates ALL Federal monies from EVER being used to make or guarantee Student Loans (But, grants, in a limited sense, can help, if not overdone to constitute a 'Free Handout' to the RICH university presidents who would simply raise tuition to match increased grant monies.)

REASONING:

A) Since Wall-Street execs, AND Donald TRUMP, and Solyndra, and RICH people of both "conservative" AND "liberal" leanings can file for bankruptcy, including ALL Congressmen & Congresswomen, then *morally* students should be too. (Especially since students were not told their loans lacked bankruptcy protection at signing due to lack of 'Truth in Lending' requirements, and this is a liability no less than *you* buying a car that lacked BRAKES --and not being told: The expectation is that the brakes work, and the seller would be legally liable here --why not for students, though?)

B) Eliminating just the Federal Loans but keeping the Private Loans would not hurt current borrowers who then could file for bankruptcy if they were in a straight --and, furthermore, would not hurt banks, since Bankruptcy Court would still require *some* payment as the borrower is able, just not, say, TEN TIMES the original loan amount, which is currently possible. LOL

C) BONUS -- both so-called conservatives (neocons) and so-called liberals (like you & other Democrats) would be happy here, as Democrats would be happy with 'A' and neocons and true conservatives would be happy with 'B' -- the latter since less loan monies would cause tuition to DROP LIKER A ROCK when unscrupulous colleges & lenders would *know* students could no longer afford to take out deep loans. (Why even stupid U.S. Rep. Dennis Ross, the liberal moron who claims 2B a conservative in sheeps clothing & represents MY district, might sign on.)

"Just Do It." << to be cross-posted everywhere -unless you have a better idea. (Do you?)

(-://

Cf: http://www.michronicleonline.com/index.php/local/prime-politics/7084-hansen-clarke-has-no-regrets-after-primary-election

Harold Pugg Maze
Harold Pugg Maze
  • Gordon Wayne Watts

DAM, THAT SHYT MAKES SENSE LIKE A MUH FUKR

David Pippin
David Pippin
  • Gordon Wayne Watts

If you have ever wondered why there are so many obscure colleges advertising for students, it's because of federal government backed student loans. This is also why state college tuition keeps going up every year. Taxpayers being looted as usual in the name of education.

Gordon Wayne Watts
Gordon Wayne Watts
  • Gordon Wayne Watts

you are an INTELLIGENT conservative, David: The precense of the loan and/or grant monies distort the Free Market - so, a true conservative (you or me) will always agree with a true liberal --but only if the liberal realizes that lower tuition would be the result of things like less government aid, more bankruptcy protections, etc -- however, if if the liberals don't agree on all points, they surely want more standard consumer protections - why even credit card users can fle for bankruptcy,...

you are an INTELLIGENT conservative, David: The precense of the loan and/or grant monies distort the Free Market - so, a true conservative (you or me) will always agree with a true liberal --but only if the liberal realizes that lower tuition would be the result of things like less government aid, more bankruptcy protections, etc -- however, if if the liberals don't agree on all points, they surely want more standard consumer protections - why even credit card users can fle for bankruptcy, but for a student to get bankruptcy for his/her loan, he or she would have to be on death's door -a much higher standard than for ANY other type of loan. Morally reprehensible, and thus NOT the 'Republican' thing, which makes me disgusted with the Republican Congress who passed this or GB Bush who signed it into law -- well 'it' - actually there were many bills that gradually removed various consumner protections over time: The frog in the tub encountered SLOWLY heated water --that eventually is now boiling and killing the frog (college student borrower) LOL.

Gordon Wayne Watts
Gordon Wayne Watts
  • Gordon Wayne Watts

David Pippin furthermore: Both tax-payers who subsidize these loans that are made or backed by our tax dollar$ AND students who encounter higher tuition --are raped -financially that is. So, BOTH parties are harmed -- only rich Higher Ed types in college are 'gaining' -- but, since American Higher Ed is going DOWN in quality (as other nations pass us in math sciences etc), then the tuition increase is not justified: It has risen --even when you ajust for inflation --REAL fast.!

David Pippin
David Pippin
  • Gordon Wayne Watts

When people get something for nothing or guaranteed with no repercussions, that's a problem. On student loans that are too high because of the free market issues you mentioned, your right, there should be some protections. To excuse all debt is not right. Is it not enough that taxpayers pay for all of K-12 education AND now their meals?

Gordon Wayne Watts
Gordon Wayne Watts
  • Gordon Wayne Watts

David Pippin I do not want a free handout, but on the other hand, when students are hounded -even into retirement --with garnishment of their wages -and even their Social Security --for a debt that has grown to, sometimes, close to TEN times the already-high price ..and student borrowers are now committing suicide in unprecedented number -- folks, there's something "not right" with that picture -especially as America's decline in Higher Ed has not justified the raping of the student:

SUICID...

David Pippin I do not want a free handout, but on the other hand, when students are hounded -even into retirement --with garnishment of their wages -and even their Social Security --for a debt that has grown to, sometimes, close to TEN times the already-high price ..and student borrowers are now committing suicide in unprecedented number -- folks, there's something "not right" with that picture -especially as America's decline in Higher Ed has not justified the raping of the student:

SUICIDE documentation:

[15] “Crushing debt” (Chicago Sun-Times, BY DAVE NEWBART) September 24, 2007 "Jan Yoder was preparing for her son's funeral when the phone rang. It was another student loan collector wanting to know when her son would pay up…It was those calls and the burden of crushing debt, she says, that led her depressed son to take the drastic action of killing himself late last month. ''When it gets to the point where people are fleeing the country, going off the grid or taking their own lives, you know something has gone horribly wrong,'' said Alan Collinge, founder of Student Loan Justice, which is pushing to change student lending laws.” http://www.ibhe.state.il.us/NewsDigest/NewsWeekly/092807.pdf (Higher Ed NewsWeekly: from the Illinois Board of Higher Education, page 57) ~ http://nalert.blogspot.com/2007/09/student-loan-debt-drives-man-to-suicide.html (Newsalert) See also: http://StudentLoanJustice.org
[16] “I’m Thinking of Suicide Because of My Student Loans. – John” (GetOutOfDebt.org, undated news story) “Dear Steve, My student loans are almost $42,000 dollars. I pay almost $260 dollars per month and all but $12 dollars is interest and the principal continues to go higher…I frequently think about suicide; thinking about my son is the only thing that has so far kept me from committing suicide. John” http://getoutofdebt.org/5493/im-thinking-of-suicide-because-of-my-student-loans-john See also, note: "36" below regarding the Bible standards on interest fees charges for loans.
[17] "A Pastor's Student Loan Debt" (NPR, by Libby Lewis) July 14, 2007 “Dan Lozer's tiny paycheck means he'll be paying off those loans until 2029...Lozer said there was a time when he thought about suicide.” http://www.npr.org/templates/story/story.php?storyId=11980696
[18] “Company’s march toward student loan monopoly scary” (The News Tribune, By ALAN COLLINGE) 06/19/07 “In Boston; a medical student can’t get licensed because he can’t pay $52,000 on what began as a $3,000 debt. A suicide in Oregon. A suicide in Maryland. People who have fled the country due to the explosion of their student loan debt. The list goes on and on.” http://www.thenewstribune.com/opinion/othervoices/story/90638.html See also: http://StudentLoanJustice.org

AMERICAN Higher-Ed decline documented:

[19] "U.S. Teens Trail Peers Around World on Math-Science Test," Maria Glod, Washington Post, Dec 5, 2007; Page A07 http://www.washingtonpost.com/wp-dyn/content/article/2007/12/04/AR2007120400730.html
[20] "U.S. falls in education rank compared to other countries," Elaine Wu (U-Wire), 10-04-2005, The Kapi‘o Newspress http://www.google.com/search?hl=en&q=%22falls+in+education+rank+compared+to+other+countries%22+%22Elaine+Wu%22&aq=f&oq=&aqi= And http://search.yahoo.com/search?p=%22falls+in+education+rank+compared+to+other+countries%22+%22Elaine+Wu%22&toggle=1&cop=mss&ei=UTF-8&fr=yfp-t-832 (Key phrases search: "falls in education rank compared to other countries" "Elaine Wu")
[21] "U.S. slips lower in coding contest: In what could be an ominous sign for the U.S. tech industry, American universities slipped lower in an international programming contest," Ed Frauenheim, News.com, Posted on ZDNet News: Apr 7, 2005 http://news.zdnet.com/2100-9595_22-142206.html

See also: http://www.GordonWatts.com/Higher-Ed-Tuition-Costs.html

or: http://www.GordonWayneWatts.com/Higher-Ed-Tuition-Costs.html

;-(

Gordon Wayne Watts
Gordon Wayne Watts
  • Gordon Wayne Watts

Another good petition that has actually reached over 1,000,000 signatures: http://signon.org/sign/support-the-student-loan -- If even it is ignored, then I am losing hope -- but, on the other hand, the more petitions, the more attention, and thus the sum is greater than the parts, and these problems *will* be fixed -in time.

Harold Pugg Maze
Harold Pugg Maze
  • Gordon Wayne Watts

GORDON, UP ABOVE WHERE THERE IS A, B, & C, WHOSE WODS ARE THEY?

Gordon Wayne Watts
Gordon Wayne Watts
  • Gordon Wayne Watts

Raspy Rawls, these words were mine -- I did not copy & paste from someone else, however, I did copy & paste a note I posted on that good Congressman's page. They were my words -- did I well?? :D

Harold Pugg Maze
Harold Pugg Maze
  • Gordon Wayne Watts

So well Im bouta repost them.. I just wanted to know who to credit

Bevan Tim
Bevan Tim

...Why should you be exempt from paying your bills? You leave the tax payers with the burden? What a low life SOB... Go knock on Obamas door , that low life will give you anything for your vote.... Pay yor bills like everyone else!

Gordon Wayne Watts
Gordon Wayne Watts
  • Bevan Tim

You can't read, Bevan: This bill would not ask taxpayers to bail out ANYONE. The writer of the petition seeks that students can have the same bankruptcy protections as Credit Card users (and, recall BEVAN: When a Credit Card user files for bankruptcy -and this happens very often anymore) -the COMPANY, not the taxpayer -is on the hook. You would better off make your case were you to GET YOUR FACTS straight. -- Speaking of "paying your bills like everyone else": Rich Wall Street bankers -AND...

You can't read, Bevan: This bill would not ask taxpayers to bail out ANYONE. The writer of the petition seeks that students can have the same bankruptcy protections as Credit Card users (and, recall BEVAN: When a Credit Card user files for bankruptcy -and this happens very often anymore) -the COMPANY, not the taxpayer -is on the hook. You would better off make your case were you to GET YOUR FACTS straight. -- Speaking of "paying your bills like everyone else": Rich Wall Street bankers -AND Donald Trump REGULARLY file for bankruptcy --and for sums MUCH larger than mere student loans --and GET bankruptcy: So, where is your outrage here (Or, were you rather just ignorant of the fact.)

If you were ignorant, I will not make fun of you here for not knowing, but if, rather, you support HUGE bailouts for the rich but want to be heavy on the student borrower, I can not see how this is right? Can you?

"Donald Trump's Companies Filed for Bankruptcy 4 Times"
By AMY BINGHAM (@Amy_Bingham)
April 21, 2011
http://abcnews.go.com/Politics/donald-trump-filed-bankruptcy-times/story?id=13419250

Robert More
Robert More
  • Bevan Tim

Mr. Tim, it is people like you who are the reason this country is in such sorry condition: You are so ignorant of the facts: You can't read: This bill would not ask taxpayers to bail out ANYONE. The writer of the petition seeks that students can have the same bankruptcy protections as Credit Card users (and, recall BEVAN: When a Credit Card user files for bankruptcy -and this happens very often anymore) -the COMPANY, not the taxpayer -is on the hook. You would better off make your case were...

Mr. Tim, it is people like you who are the reason this country is in such sorry condition: You are so ignorant of the facts: You can't read: This bill would not ask taxpayers to bail out ANYONE. The writer of the petition seeks that students can have the same bankruptcy protections as Credit Card users (and, recall BEVAN: When a Credit Card user files for bankruptcy -and this happens very often anymore) -the COMPANY, not the taxpayer -is on the hook. You would better off make your case were you to GET YOUR FACTS straight. -- Speaking of "paying your bills like everyone else": Rich Wall Street bankers -AND Donald Trump REGULARLY file for bankruptcy --and for sums MUCH larger than mere student loans --and GET bankruptcy: So, where is your outrage here (Or, were you rather just ignorant of the fact.)

If you were ignorant, I will not make fun of you here for not knowing, but if, rather, you support HUGE bailouts for the rich but want to be heavy on the student borrower, I can not see how this is right? Can you? Here is a link posted by a friend on mine -in case you missed it too...

"Donald Trump's Companies Filed for Bankruptcy 4 Times"
By AMY BINGHAM (@Amy_Bingham)
April 21, 2011
http://abcnews.go.com/Politics/donald-trump-filed-bankruptcy-times/story?id=13419250

Suzy Hayes
Suzy Hayes
  • Bevan Tim

BT, You are obviously NOT A COLLEGE GRADUATE, nor even high school, perhaps?! But, I'll bet you are a tea-party republican......... READ THE TEXT!

Laurie Squyres Harrison
Laurie Squyres Harrison
  • Bevan Tim

Are you suggesting that the COMPANY will incur the costs and NOT pass it on to other consumers? Somebody will be on the hook, but it won't be the COMPANY.

Robert Pirschel
Robert Pirschel

S'il vous plait signez cette pétition notre avenir et la vie de nos enfants sont en causes! Sans abeilles pas de fruits pas de vie.

Gordon Wayne Watts
Gordon Wayne Watts
  • Robert Pirschel

Je suis d'accord: Vous avez raison! (PS: j'ai traduit ce du français à l'anglais avec un traducteur omline.)

Gordon Wayne Watts
Gordon Wayne Watts
  • Robert Pirschel

If lenders & colleges knew students could file for bankruptcy, tuition would drop. QUESTION: If you are so 'for' getting rid of bankruptcy for students, why are you not making this complaint for Credit Card users? QUESTION: Why is it OK for Donald Trump to file for bankruptcy a BUNCH of times KNOWING he could file, but it's somehow NOT ok for student borrowers --and it's OK for students to not be told their loans lack bankruptcy protections? Would YOU like it, Kathy, if someone sold YOU a...

If lenders & colleges knew students could file for bankruptcy, tuition would drop. QUESTION: If you are so 'for' getting rid of bankruptcy for students, why are you not making this complaint for Credit Card users? QUESTION: Why is it OK for Donald Trump to file for bankruptcy a BUNCH of times KNOWING he could file, but it's somehow NOT ok for student borrowers --and it's OK for students to not be told their loans lack bankruptcy protections? Would YOU like it, Kathy, if someone sold YOU a car with bad brakes but didn't tell you? Then why is it OK for students to be sold on a lan under false pretenses? Are student borrowers somehow less important than Credit Card users? Are student borrowers somehow committing a greater crime than rich Wall Street bankers (and Donald Trump) who take out HUGE loans REPEATEDLY and then default? Are students less important than Credit Card users and the very rich?

Do tell...

Gordon Wayne Watts
Gordon Wayne Watts
  • Robert Pirschel

Kathy Wilson If I accidentally addressed you when you supported out side, I apologize -- I have been online too many hours! :)

Gordon Wayne Watts
Gordon Wayne Watts
  • Robert Pirschel

@ SUE KOVACS: If lenders & colleges knew students could file for bankruptcy, tuition would drop. QUESTION: If you are so 'for' getting rid of bankruptcy for students, why are you not making this complaint for Credit Card users? QUESTION: Why is it OK for Donald Trump to file for bankruptcy a BUNCH of times KNOWING he could file, but it's somehow NOT ok for student borrowers --and it's OK for students to not be told their loans lack bankruptcy protections? Would YOU like it, Sue, if someone...

@ SUE KOVACS: If lenders & colleges knew students could file for bankruptcy, tuition would drop. QUESTION: If you are so 'for' getting rid of bankruptcy for students, why are you not making this complaint for Credit Card users? QUESTION: Why is it OK for Donald Trump to file for bankruptcy a BUNCH of times KNOWING he could file, but it's somehow NOT ok for student borrowers --and it's OK for students to not be told their loans lack bankruptcy protections? Would YOU like it, Sue, if someone sold YOU a car with bad brakes but didn't tell you? Then why is it OK for students to be sold on a lan under false pretenses? Are student borrowers somehow less important than Credit Card users? Are student borrowers somehow committing a greater crime than rich Wall Street bankers (and Donald Trump) who take out HUGE loans REPEATEDLY and then default? Are students less important than Credit Card users and the very rich?

Do tell...//

Jorge L Herrera
Jorge L Herrera

I have to comment on this because I am an ex student with $50,000 in student loans who also am not working in my field but I do work for one of the agencies contracted by the department of education in regards to defaulted student loans and I completely disagree with a lot of what's said like being forced to pay rediculous amounts of money, 1. if you cant afford to make the payments why not apply for an IBR (income contingent repayment program) that would base your student loan payments on...

I have to comment on this because I am an ex student with $50,000 in student loans who also am not working in my field but I do work for one of the agencies contracted by the department of education in regards to defaulted student loans and I completely disagree with a lot of what's said like being forced to pay rediculous amounts of money, 1. if you cant afford to make the payments why not apply for an IBR (income contingent repayment program) that would base your student loan payments on your income where you might qualify for a $0 pay, also with defaulted student loans there is also programs that the department of education offers for individuals who cant afford the standard repayments BUT the problem is that people in defautl don't want to listen because all they hear is collection agency so they don't care to listen to what their options are, why should people be allowed to take out $60 $80 $100 or even $200 thousand dollars worth in student loans and then open their own business live a good life and be able to file bankruptcy because they don't want to repay their loans? working in the business that I'm in I see alot of middle class people who make the effort to pay their loans while individuals like chiropractors, doctors, lawyer & dentist refuse to pay back their loans, understand that all this is is recycled money if it isn't paid back taxes go up because there needs to be money for students to be able to go to school, maybe instead we should be signing a pettition for tuition to be affordable, I'm sorry but I cant sign this.

Gordon Wayne Watts
Gordon Wayne Watts
  • Jorge L Herrera

I too agree that people should page back what they owe, but before you dis the bankruptcy option, please know that student were not told they lacked this -which is akin to me selling you a care without brakes -but not telling you -- a huge liability issue -of course, stemming from lack of Due Process of notice! (Also, if rich people can file for bankruptcy, and bankers, why not students? If you're against bankruptcy, Jorge, why not sign a petition asking for bankruptcy to be removed from...

I too agree that people should page back what they owe, but before you dis the bankruptcy option, please know that student were not told they lacked this -which is akin to me selling you a care without brakes -but not telling you -- a huge liability issue -of course, stemming from lack of Due Process of notice! (Also, if rich people can file for bankruptcy, and bankers, why not students? If you're against bankruptcy, Jorge, why not sign a petition asking for bankruptcy to be removed from other loans --ALL other loans can get bankruptcy, except student loans --unless the student is -like -near death.) -- Since you probably don't want to remove bankruptcy as an option for others, more well-to-do, then...

See e.g.., Cross-posted on 4 mirrors:
* www.GordonWatts.com/Higher-Ed-Tuition-Costs.html
* www.GordonWayneWatts.com/Higher-Ed-Tuition-Costs.html
* www.ThirstForJustice.net/Higher-Ed-Tuition-Costs.html
* http://Gordon_Watts.Tripod.com/Higher-Ed-Tuition-Costs.html

GW//

Timothy Marshall Ballard
Timothy Marshall Ballard
  • Jorge L Herrera

What about Private loans? They are unregulated, have higher interest rates, treat their customers horribly (including reporting you delinquent when you are making payments in effect an IBR). They enjoy all of the freedom from regulation but rest behind the no bankruptcy provision as well. How do you feel about restoring bankruptcy to private loans?

Jorge L Herrera
Jorge L Herrera
  • Jorge L Herrera

I can agree with you on private loans I currently pay 12.5% on just one of my private loans I think something should change in regards to private loans

Kathy Barnett Johnson
Kathy Barnett Johnson
  • Jorge L Herrera

Not to mention if you don't pay your student loans they can garnish your wages!

David Slater
David Slater

hahahahahahahahahahahahahhahahahahahahahahahahahaha...like THIS will ever change anyting.

Alan Collinge
Alan Collinge
  • David Slater

It will change alot. See Studentloanjustice.org/argument.htm to understand this problem.

Alan Collinge
Alan Collinge
  • David Slater

You wrote a pretty thoughtful comment in the Chronicle earlier. I'd have thought you'd have something a bit more substantial to say on this issue.

Gordon Wayne Watts
Gordon Wayne Watts
  • David Slater

Alan Collinge only a person of integrity and honour would be polite to his/her political enemies -- that takes moral courage to respond this way -- by the way, what was David Slater's thoughtful comment?

Marcella Freeman
Marcella Freeman

As a social worker working in a not-for-profit agency my salary is extremely low in comparison to the education I needed to work in this field. I don't really want to declare bankruptcy but it would be nice to know that if I absolutely had to - this would be an option. What I really would like to see is credit for giving back to the community - and I do not mean what the standards are right now. Paying 10 years on my loan without being late and then possible forgiveness - NO! How about I...

As a social worker working in a not-for-profit agency my salary is extremely low in comparison to the education I needed to work in this field. I don't really want to declare bankruptcy but it would be nice to know that if I absolutely had to - this would be an option. What I really would like to see is credit for giving back to the community - and I do not mean what the standards are right now. Paying 10 years on my loan without being late and then possible forgiveness - NO! How about I serve in the community for 10 years and then forgive my loan. I go into people's homes that sometimes have bed bug infestations - etc. So I think I should get a little credit for what I do. I know that I chose this field but I didn't realize the cost of my education would mean I might have to work until I am 90 years old! What really made my debt insurmountable is needing a master's degree to help other people. This is insane!

Bob Krefta
Bob Krefta
  • Marcella Freeman

Marcella, I signed this one and invited everyone in my address bok to join me. Be well my friend, Bob Krefta

Enid Wagstrom
Enid Wagstrom
  • Marcella Freeman

I agree with your statement about needing a master's degree. I think there are a lot of professions that require more formal higher education than is really necessary.

Denise Larson
Denise Larson
  • Marcella Freeman

This video would be more useful if it played a little shower and the graphics weren't so distracting.

Leland Gaston
Leland Gaston

I will not sign this petition. You are no better to pay off your loan than I was. I was married and had four children when I went back. Get a life. I am sick and tried of bailing people out that want something for nothing. I am sick of paying for people to have things I cannot afford while working and others are to sorry to work get it given to them with my tax dollar. Most of them cannot even spell "JOB".

Robert More
Robert More
  • Leland Gaston

Then where is your outcry that Donald Trump was able to file for (and get) a bankruptcy that was MUCH greater than these kids here? Hypocrites! You only care about the rich, but what if YOU had to take out a loan for an emergency medical procedure to save your life, to get a home, or even for food & rent -and then could not pay it back?

Before you go off on these kids, remember, old timer: College was affordable back when YOU were a kid -AND (more importantly) the students usually did not...

Then where is your outcry that Donald Trump was able to file for (and get) a bankruptcy that was MUCH greater than these kids here? Hypocrites! You only care about the rich, but what if YOU had to take out a loan for an emergency medical procedure to save your life, to get a home, or even for food & rent -and then could not pay it back?

Before you go off on these kids, remember, old timer: College was affordable back when YOU were a kid -AND (more importantly) the students usually did not have to take out a loan because it was affordable. However, when students can not file for bankruptcy, the Dept of Education makes a killing off defaulted loans, and they pressure Congress to keep raising the loan limits, thus driving up profit. (Thus, if

Are you really serious about getting rid of bankruptcy protections? Then where is your outrage for Credit Card users being able to have a safety net? (Aren't students' education a LITTLE more important than frivolous credit card purchases?)

So, back to Square-1: Why are you not complaining about all these REALLY rich people (Solyndra, Wall-Street Bankers, Donald Trump, etc.) who regularly file for (& get) bankruptcy for MUCH huger sums? >> http://abcnews.go.com/Politics/donald-trump-filed-bankruptcy-times/story?id=13419250&quot;

Hypocrite.

"Donald Trump's Companies Filed for Bankruptcy 4 Times" ABC News, By AMY BINGHAM (@Amy_Bingham), April 21, 2011

Gordon Wayne Watts
Gordon Wayne Watts
  • Leland Gaston

LELAND: The petition did not ask for loans to be forgiven, or for a free handout. Learn to read: The petition asks only that student borrowers be given the same rights as all other borrowers. Are students not as important as, say, Credit Card users (who purchase on things less important then education) or the very rich?

Reylan Pratt
Reylan Pratt
  • Leland Gaston

You certainly can spell "job" alright. And you can also spell "hatred", "frustration", "selfishness", "hypocrisy".... And you can certainly read fine. And you are also perfectly able not to understand a single word of what you read. My sincere condolences for the destination of your tax dollars.

Doug Holm
Doug Holm

They made the choice to take the loan out. They knew the law, obey it. There are other ways to pay for your education.

Reylan Pratt
Reylan Pratt
  • Doug Holm

The law also allows uninformed people to say whatever they want. You are a sad case... even having the flag as a profile picture. Very patriotic.

Doug Holm
Doug Holm
  • Doug Holm

Retire Navy Vet here, You?

Reylan Pratt
Reylan Pratt
  • Doug Holm

Me.

Doug Holm
Doug Holm
  • Doug Holm

Yes, you are you and it shows.

Robert More
Robert More
  • Doug Holm

Mr. Holm, you are misinformed regarding student borrowers having known that they took out the loan: "Several types of loans and lenders aren't covered by the Truth in Lending Act. Student loans are not covered by the law": http://homeguides.sfgate.com/federal-truth-lending-information-7992.html

Get your facts straight. If you are retired military, you give them a bad name, and misinformed comments such as yours make me wonder if you were not fired or dismissed due to bad work ethic.

Doug Holm
Doug Holm
  • Doug Holm

Look up the word retired, then try again.

Reylan Pratt
Reylan Pratt
  • Doug Holm

Me... That means just another citizen. No one who would consider himself special. Where I served and how long, my degrees, what I do today are not relevant. Your condition, sir deserves, respect. Never sharing your views on our youth. We were the future. We are not the future any more. The young are. If they strive they could have their back covered. And we both know about what it means having our back covered. They are unprotected by the law and not informed about it. No one has implied...

Me... That means just another citizen. No one who would consider himself special. Where I served and how long, my degrees, what I do today are not relevant. Your condition, sir deserves, respect. Never sharing your views on our youth. We were the future. We are not the future any more. The young are. If they strive they could have their back covered. And we both know about what it means having our back covered. They are unprotected by the law and not informed about it. No one has implied here disobeying the law. But improving it. I realize you never needed a loan for a car or a house. Most fortunately you will never need a loan either to recover your health in some emergency and then having to pay for it at a vastly inflated price. Best regards.

Bily John Rodriguez
Bily John Rodriguez

I would say if you can't pay do not borrow. Government is flexible enough to invest in your future. You borrow 20k 30k 50k and think you can get away with it without paying? My recomendation people stop studying because you like this you like that. Start stuying a carreer that is in need so you can find a job and sustain yourself. The military is always willing to pay your debt for exchange of service. Our country needs you. Join them. But of course there is always people who likes the easy...

I would say if you can't pay do not borrow. Government is flexible enough to invest in your future. You borrow 20k 30k 50k and think you can get away with it without paying? My recomendation people stop studying because you like this you like that. Start stuying a carreer that is in need so you can find a job and sustain yourself. The military is always willing to pay your debt for exchange of service. Our country needs you. Join them. But of course there is always people who likes the easy way out going bankrupcy. I'm sorry people this will never happen.

Gordon Wayne Watts
Gordon Wayne Watts
  • Bily John Rodriguez

That would be like saying if you can't "afford" to borrow for a home, clothing, or a medical procedure --or food --then don't do it, however, that is fallible logic: In all 5 instances (food, clothing, shelter, medical, and education), you can't afford to refrain. You might assume a person could get a reasonably-paying job without an 'education,' but the Bill Gates of the world are the EXCEPTION, not the rule.

A graduating high-school student is doomed either way: Either be LUCKY to get a...

That would be like saying if you can't "afford" to borrow for a home, clothing, or a medical procedure --or food --then don't do it, however, that is fallible logic: In all 5 instances (food, clothing, shelter, medical, and education), you can't afford to refrain. You might assume a person could get a reasonably-paying job without an 'education,' but the Bill Gates of the world are the EXCEPTION, not the rule.

A graduating high-school student is doomed either way: Either be LUCKY to get a burger-flipping job (no education) or be in debt for life (or beyond -- get an education).

You also fail to consider no less than two (2) facts:

1) American institutions of higher ed hold a monopoly (illegal) on education: Look up the word 'monopoly,' if you doubt. This (obscene rate increases) would normally be addressed in SHORT-ORDER were it any *other* monopoly (for example, electric rates, Internet, water, etc.), but as students are a "minority," who lack political clout, this monopoly is allowed to proceed. (I doubt *you* would like it if *your* electric, water, and Internet became unbearable, and others simply said that if you could not afford electric, to NOT get it, eh?)

2) Student Borrowers are NOT told they lack bankruptcy protections (except in RARE, and I do mean RARE cases --look it up) -- Due to the fact Truth in Lending is also removed, this may be immoral,and certainly Unconstitutional in its lack of Due Process, but not illegal. Since no other loan lacks bankruptcy protections (any rich wall-street investor or banker can file, but NOT students! LOL?), they have an expectation of such rights.

This is no different than YOU being sold a car that has bad brakes -- that'd be a HUGE liability issue - and, this is true, as you would have a reasonable expectation that a car was supposed to have working brakes.

Would _you_ like it if they simply said "Well, we didn't lie to you -- we simply didn't tell you"??

In fact, it is precisely the lack of bankruptcy protections that CAUSE the tuition to be so high: www.GordonWatts.com/#alan
or:
www.GordonWayneWatts.com/#alan

Lenders, Guarantors, Colleges, & Universities, if they knew they defaulted loans would LOSE them money, not GAIN a huge profit, then they would STOP pressuring U.S. Congress to keep raising lending ceilings, thus creating this bubble.

Wake up, man! Click those links, and THEN comment after you've read them.

(-://

Bily John Rodriguez
Bily John Rodriguez
  • Bily John Rodriguez

Man up and face the result of your acts. By the way McDonald is a great company offering billion of jobs around the world. Thats the problem here in US, people like you probably dont want to pick up tomatoes but like ketchup. Study Marketing desiring a job under airconditioner but never had an idea of a business. You are a disgrace to our country.

Gordon Wayne Watts
Gordon Wayne Watts
  • Bily John Rodriguez

Bily, did you read my reply above? Also -- question:

If you're so 'for' student borrowers not being able to file for bankruptcy, then where were you when Solyndra, Donald Trump, and many, MANY rich Wall-Street BANKER & "Investors" (and countless companies to numerous to number) filed for bankruptcy?

#1 -- Students don't go to college with the hopes of filing for bankruptcy --not any students *I* know: They hope and plan on getting a job, hello?

#2 -- The Military does not always accept...

Bily, did you read my reply above? Also -- question:

If you're so 'for' student borrowers not being able to file for bankruptcy, then where were you when Solyndra, Donald Trump, and many, MANY rich Wall-Street BANKER & "Investors" (and countless companies to numerous to number) filed for bankruptcy?

#1 -- Students don't go to college with the hopes of filing for bankruptcy --not any students *I* know: They hope and plan on getting a job, hello?

#2 -- The Military does not always accept everybody, and even *their* debt-relief programs are NOT complete, not to mention they often send American soldiers to invade other countries who pose no threat to us -- which is akin to China invade OUR country and "occupying" it for decades on end. I'm sure WE would get mad for that, and so I don't fault other countries for getting peeved when WE invade THEM for any (or no) reason. Example: After we got rid of Saddam Hussein, we should have LEFT Iraq, OK? (Maybe he was a some sort of threat, but he'd been dead for AGES, now, OK? And our pretext for going in there was questionable to boot, but I'm willing to give GW Bush the benefit of the doubt here, yet we should NOT be "occupying" places like this for eons.)

#3 -- So, where _is_ your outrage for all these rich people always filing for bankruptcy. When you complain about them 'til you're hoarse in the face, THEN we'll talk about your complain above.

#4 -- did you read my prior reply to you, above?

Robert More
Robert More
  • Bily John Rodriguez

Mr. Rodriguez: did you read Mr. Watts' reply above? Also -- question:

If you're so 'for' student borrowers not being able to file for bankruptcy, then where were you when Solyndra, Donald Trump, and many, MANY rich Wall-Street BANKER & "Investors" (and countless companies to numerous to number) filed for bankruptcy?

#1 -- Students don't go to college with the hopes of filing for bankruptcy --not any students *I* know: They hope and plan on getting a job, hello?

#2 -- The Military does not...

Mr. Rodriguez: did you read Mr. Watts' reply above? Also -- question:

If you're so 'for' student borrowers not being able to file for bankruptcy, then where were you when Solyndra, Donald Trump, and many, MANY rich Wall-Street BANKER & "Investors" (and countless companies to numerous to number) filed for bankruptcy?

#1 -- Students don't go to college with the hopes of filing for bankruptcy --not any students *I* know: They hope and plan on getting a job, hello?

#2 -- The Military does not always accept everybody, and even *their* debt-relief programs are NOT complete, not to mention they often send American soldiers to invade other countries who pose no threat to us -- which is akin to China invade OUR country and "occupying" it for decades on end. I'm sure WE would get mad for that, and so I don't fault other countries for getting peeved when WE invade THEM for any (or no) reason. Example: After we got rid of Saddam Hussein, we should have LEFT Iraq, OK? (Maybe he was a some sort of threat, but he'd been dead for AGES, now, OK? And our pretext for going in there was questionable to boot, but I'm willing to give GW Bush the benefit of the doubt here, yet we should NOT be "occupying" places like this for eons.)

#3 -- So, where _is_ your outrage for all these rich people always filing for bankruptcy. When you complain about them 'til you're hoarse in the face, THEN we'll talk about your complain above.

#4 -- did you read Gordon Wayne Watts prior reply to you, above?

Timothy Marshall Ballard
Timothy Marshall Ballard
  • Bily John Rodriguez

Wow and here I was thinking that diverse opinions were WELCOMED in the country my family has fought and died for for over 250 years! Where was I when it was "decided" (clearly in his own mind) that being American meant agreeing with this guy? Oh yes! I remember.... IN A CLASSROOM!

Robert More
Robert More
  • Bily John Rodriguez

One other thing, Mr. Rodriguez: Did you not see the petition? It does not ask for a 'Free' education or a 'Free Handout,' only the same Standard Consumer Protections as all other loans. If the uber-rich and the Credit Card users can have these bankruptcy safety nets, why not students? Are students somehow less important? (Alternatively, if students don't need these standard protections, then why do we give them to anybody?)

You have not made your case as to why students should not be...

One other thing, Mr. Rodriguez: Did you not see the petition? It does not ask for a 'Free' education or a 'Free Handout,' only the same Standard Consumer Protections as all other loans. If the uber-rich and the Credit Card users can have these bankruptcy safety nets, why not students? Are students somehow less important? (Alternatively, if students don't need these standard protections, then why do we give them to anybody?)

You have not made your case as to why students should not be included along with other borrowers. Did you follow Mr. Gordon Wayne Watts' link listed above? Here it is again:

www.GordonWayneWatts.com/Higher-Ed-Tuition-Costs.html

or

www.GordonWayneWatts.com/Higher-Ed-Tuition-Costs.html

Gordon Wayne Watts
Gordon Wayne Watts
  • Bily John Rodriguez

Also, Bily... Did you not see the petition? It does not ask for a 'Free' education or a 'Free Handout,' only the same Standard Consumer Protections as all other loans. If the uber-rich and the Credit Card users can have these bankruptcy safety nets, why not students? Are students somehow less important? (Alternatively, if students don't need these standard protections, then why do we give them to anybody?)

You have not made your case as to why students should not be included along with...

Also, Bily... Did you not see the petition? It does not ask for a 'Free' education or a 'Free Handout,' only the same Standard Consumer Protections as all other loans. If the uber-rich and the Credit Card users can have these bankruptcy safety nets, why not students? Are students somehow less important? (Alternatively, if students don't need these standard protections, then why do we give them to anybody?)

You have not made your case as to why students should not be included along with other borrowers. Did you see my link listed above? (These prove that lack of bankruptcy protections are the main driving cause of tuition inflation.) Here again they are:

www.GordonWayneWatts.com/Higher-Ed-Tuition-Costs.html

or

www.GordonWatts.com/Higher-Ed-Tuition-Costs.html

or http://www.ThirstForJustice.net/Higher-Ed-Tuition-Costs.html

or even:

http://Gordon_Watts.Tripod.com/Higher-Ed-Tuition-Costs.html

Mark Anthony
Mark Anthony

I support many causes on this website and on facebook, but I really don't like when I am expected to allow the cause to post on facebook on my behalf. You lost a lot of potential by requiring this from me. Sorry, but I am not comfortable letting anyone post to facebook claiming to be me.

Alan Collinge
Alan Collinge
  • Mark Anthony

Hmmm...That was not anything we (Studentloanjustice) did by design. I think Causes requests this by default, but I think you can decline (and still be able to sign). I agree, btw, and if there is a way to halt that function, I hope to find it/turn it off.

Thanks for the head's up=

Mark Anthony
Mark Anthony
  • Mark Anthony

Thanks Alan, I did sign, but it wouldn't allow me to invite others unless I let causes post on my behalf.

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