Rep. Hansen Clarke: Cut, cap, and forgive student loan debt

[avedwards1]

Rep Clarke im so proud how you handle those clueless republicans that have no vision or plan but to cry about the President. They have no plan,vision or clue to connect with the american people or to get this country back on track. Nice job on c-span. Great representive.

[TheDukeljk]

This is bat shit crazy idea.

[jukeshotrods]

What an idiot. Nobody forced students to take out loans. This is on them and they should be forced to pay up. Hey, nobody ever forgave any debts I've had. Just more liberal crap to redistribute everyone elses wealth. BTW, dems, you don't represent me in any way so quit saying "the American People want...". Idiots from the white house down, stfu!

[skankuser]

@jukeshotrods Without a college education, getting a job that can support you financially in the 21st Century is downright impossible. The Federal Government instituted the loan and pell grant system to give people the chance to obtain that education, but in all their wisdom, decided it was best to let private lenders control those loans. With the economic recession and no jobs, those lenders still want their money. You're tell me these students expected this economic collapse?

Dumbass.

[TheDukeljk]

@skankuser You are retarded suck machine, the richest guys in the world have no college education.

[GordonWayneWatts]

In other words: I'm suggesting that you and Rep. Dennis A. Ross (R-Fla-12) can make a deal here: If you support the Balanced Budget Amendment, he should support BOTH Forgiveness of Student Loans (at least partial forgiveness: I'm a conservative NOT looking for a Free Handout of Total Forgiveness here), AND ALSO Ross --in return --should support HR2028. -- Is that a good deal that I propose here?

[WalkinLA]

Rep Clarke, I am in agreement with your position wholeheartedly. Thanks for the vision and courage to actually represent people's interest whether you truly intend this or not.

I highly recommend you support the Freeman sovereignty movement as another means to "Redistribute Wealth" and gather facts about past criminal acts that have no statuette of limitations. Investigate why no citizen of the U.S.A. is permitted access to their original birth certificate. These were sold on Wall Street.

[GordonWayneWatts]

Congressman Clarke: I told MY Congressman (US Rep Dennis A Ross, R-Fla-12), that he should support your apparent support for HR2028 (Private Student Loan Bankruptcy Fairness Act of 2011) --I'm guessing you support that as well -- in exchange for your support of the Balanced Budget Amendment, but I haven't heard back from the liberal goof-ball -- you may be a Democrat, but all your ideas seem conservative and sensible to me. -- Why don't you contact Rep. Ross & make that offer I suggest.??

[drkeithburton]

Part 2 of 2

The loan pay off amount can be given directly to the banks, and the monthly payments will then go to the federal government.

This will be a win-win-win situation. Banks get an infusion of cash, burdened students are immediately relieved of huge monthly bills, and the government is guaranteed to get its money since it has the power to garnish if necessary.

[drkeithburton]

Part 1 of 2

Congressman, I appreciate your leadership on this very important issue. I received my PhD almost twenty years ago, and still have to work an entire week to have enough money to pay my monthly student loan bill.

I sent an e-mail to the White House suggesting that one way to help us would be to replace our current loans with no/low interest (0% - 2%) direct government loans.

[GordonWayneWatts]

I posted this on the Politician facebook page of my congressman, U.S. Rep. Dennis A. Ross (R-Fla-12) --not only this youtube vid but also your Facebook vid as well --and supported your claims wit hmy research --which is front page news on my research blogs. -- It's a sad day when my conservative Republican peeps in the GOP are REFUSING to use 'morally right' Free Market principles that you advocate -which WOULD stimulate the economy without an inflationary effect. LOL

[christo930]

@GordonWayneWatts Don't forget, it was a repulican controlled congress with a republican in the white house that made student loan debt non dischargeable in bankruptcy court.

[GordonWayneWatts]

@christo930 While I admit I never consciously gave it any thought as to which party supported passage of the Bankruptcy Reform Act of 1994 (P.L. 103-394, enacted October 22, 1994), which amended the FFELP (Federal Family Education Loan Program) that removed standard consumer protections (truth in lending, bankruptcy proceedings, statutes of limitations, etc.) from Student Loans, in dealing with STUPID Republicans & smart democrats it makes sense now that the GOP's gone downhill Major League. LOL

[christo930]

@GordonWayneWatts Most of the damage was done by the "Bankruptcy Abuse Prevention and Consumer Protection Act" of 2005 which G. W. Bush signed. In the early 2000's my friend had declared bankruptcy and he got his student loans discharged in bankruptcy court.

I was a life long republican up until 2008 when Ron Paul dropped out of the race, though I voted for McCain in 2008. The GOP sowed the seeds of it's destruction when it enticed the evangelical Christians (remember moral majority from 80)?

[christo930]

@christo930 (cont) Ronald Reagan started the decline by appealing to evangelical Christians and turned the conservative party to the right wing party and started all kinds of social conservatism with empty slogans like "family values", but yet I hung on and voted for Bush sr, twice (who wasn't a bad president)/ I voted straight republican in 2000 and then they really betrayed us. With faith based initiatives (which I rejected even when I was a Christian, on constitutional grounds).

[christo930]

@christo930 Now they have totally reduced themselves to issues like gay marriage, which has a lot of emotional appeal but doesn't effect me in any way, teaching creationism in a science class, DANGEROUS "person-hood amendments" and other ridiculous or meaningless things designed to evoke an emotional response while our country is falling apart (literally (infrastructure) and economically). I plan on voting for Paul in the primary, but if Paul doesn't get the nomination, I will vote for Obama.

[GordonWayneWatts]

@christo930 - OMG! ( = Oh my God!) -- ANOTHER piece of legislation that did damage to consumer rights? AND I overlooked it? -- "I never knew" -- LOL -- Thx, Christo. -- I am going to have to look into the " "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" & see what up - I like Obama on a personal level, and he is more pro-life AND more fiscally conservative than he's given credit for, but I'm still not fully comfortable with his shaky 'conservative creds' (credentials). Hmm...?

[christo930]

@GordonWayneWatts I wouldn't call him a conservative, but he's not the socialist everyone says he is. But besides Paul, there is not 1 republican running that I would vote for over Obama. Herman Cain started off interesting, but he quickly went off into right field and has said some wacky stuff. I'll take the frying pan over the fire any day, know what I mean?

[GordonWayneWatts]

@christo930 ("I'll take the frying pan over the fire any day, know what I mean?") yep -- not sure I'll vote for Obama, but I do agree with you that "he's not the socialist everyone says he is." --or at least AS MUCH a Socialist (they all are anymore) -- Anyhow, I wonder what made me think you were a Tampa Bay, Florida resident hmm...?

[christo930]

@GordonWayneWatts All the political showboating in the last 2 months was all for nothing and will probably have our credit rating downgraded anyway, though I doubt it will go all the way to AA. Since most of the debt that was issued in the last few years has been short term debt, we essentially have a giant adjustable rate mortgage. A lowering of our credit could drive interest rates much higher and the dollar way down. It was downright stupid and all for naught since they raised it anyway.

[GordonWayneWatts]

@christo930 worse yes, Christo: We ow MUCH of the money to ourselves! - yeah, we supposedly own the Federal Researve, so if we ow OURSELVES a boatload of money, what happens if we don't pay... NOTHING (except a few rich old geezers don't get quite as rich due to jacking the common man for interest, but I can live with that --can you?)

[christo930]

@GordonWayneWatts While that is true, we owe about 1/3 of the debt to foreigners! In the past, American investors held nearly all of the debt and we were the worlds largest creditor nation, with huge interest payments coming into our economy, but now we have outflows of capital to foreign corporations and central banks. Can you imagine if the interest rate goes back to historical averages and we have to roll all this short term debt over at the new higher rate of interest?!? We can hope it won't

[sakarin4prez]

@christo930 prophetic... forget the showboating on both sides, forget the i'll support your prop if you give me something I want-- our representatives need to vote how their constituants tell them to vote. end of story. they are there to represent the people.

[christo930]

@sakarin4prez They are all bought and paid for with a couple of exceptions like Paul, Bartlett and Sanders and maybe a few others. Go to the young turks channel and look at the video they did about Rick "the idiot" Perry, and all of the selling out he did, it's really bad. For example, a scientific study recommended that a dump not be created, and he gave an exclusive contract to do it anyway (worth 500 million) to a guy who gave his campaign 1 million dollars.

[GordonWayneWatts]

@christo930 - In other words, I'm admitting you're right here, Christo -- "my" party's gotten stupid on #1: personal responsability, #2: Free Market principles, #3: moral rights & wrongs, etc. -- It's become painfully obvious. God help us all...

[christo930]

@GordonWayneWatts I feel you here. I am just so sick of it all that I am trying to vote exclusively for libertarians, but the party isn't very strong and rarely on the ballot in PA for anything, or they register as republicans so they can get on the ballot easier. The days of Barry Goldwater are over and the party has been taken over by Neoconservatives (warmongers) and the far Christian right. It's not that they are Christian (my entire family is and I used to be), it's their extremism.

[GordonWayneWatts]

@christo930 PA? - huh, what? I thought you were a Tampa bay person, Christo. -- Did I recall incorrectly, or, rather: did you move out the Tampa Bay area to the liberal-Democratic left and chilly-cold weather northeast United States? -- BTW, I am a Ron Paul conservative in regard to war: I don't mind helping countries that need it, but you're right: We're extreme and overstep our boundaries --thus ticking off locals and provoking them to terrorist activities. LOL - god help us all.

[christo930]

@GordonWayneWatts No, born and raised in Philadelphia (southeastern, PA). The Philadelphia libertarian party website hasn't been updated in years:( As I get older, I dislike the heat more and more and don't think I can hang in Fl, though Philly summers are oppressively hot and humid. I know people who moved BACK to Las Vegas because they couldn't take the Philly summers. But I think Florida is just as humid as Philly. I think Paul has the best foreign policy ideas of all the candidates.

[KJEllwein]

well stated.



[martisas1967]

I will post this to my facebook. I don't understand why this had not made national news. I only hear about it once in a while.

[SGJ08]

This guy gets it!

[XforLEX]

Let's do this!

[sonyisinside]

I will try my best. Thank you so much.

[Sublue]

This is great. Thank you!