Obamacare bill includes provisions for school debt elimination after 20 years. Now kids can run up even more bills for..
for costly classes of questionable value and if they are still breathing twenty years later, Uncle Shammy forgives the debt, aka sticks the remaining debt on the tax payers of tomorrow.
How is this helpful?
Add: I apologize. I cited the healthcare bill as the source of this mischief. Apparently, it was an executive order.
6 Answers to "Obamacare bill includes provisions for school debt elimination after 20 years. Now kids can run up even more bills for.."
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LOL , thats what they wanted. They will eventually run out of rich people. then what !
Let the good times roll.Like (4)
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The underwater basket weaving industry will adore the cheap labor too.
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Under water -- nice touch.
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So many details in obamacare that nobody told us about.
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Like this one, which is not true. Time and again, many people distort facts for political advantage.Like (1)
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What about all the hidden taxes? on ins. companies pharma. makers of medical supplies? All going to be passed on to the consumer.
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My former daughter-in-law who comes from a wealthy family has this all figured out...and she doesn't even need to charge the government!! See, she just gets married, gets her in-laws to co-sign her student loans, and then she defaults, leaving them holding the bag. The beauty of the plan is that the in-laws then have to pay or their credit is ruined...and the courts can't force her to pay!!! Simple!!! This is how the rich get richer...and the poor get poorer.
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is that why she is "FORMER" ? LOL
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No, what it does is that it provides that if person goes into the healthcare industry and decides to serve in an underserved area, and if another organization (e.g. state) subsequently forgives their student loans (as an enticement/reward to serving in those areas), that the loan forgiveness will not be taxed. It is a tax exclusion.
It doesn't encourage running up debt. I promise you that nobody is going to medical school deciding to take a loan only so they can later working for a fraction of their potential salary in a poor neighborhood and have the taxes on their loan forgiveness excluded.Like (1)
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This is not what I have read. And even if it is restricted to medicine, yes, it does. I can promise you that that is an incentive to go to an expensive school.
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Most students starting medical school have no accurate idea of even what specialty they will pursue, much less where they will be accepted to residency, and even less where they will practice. The idea that a tax exclusion on a potential future loan forgiveness in the event that an individual subsequently decided to dedicate their career to serving the poor is a motivator for choice of medical school is laughable. If they were motivated primarily by money, they wouldn't go in to medicine; even if they did, they wouldn't serve the poor.
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Best Answer (Chosen By Asker):
Posted by wuliheron Nov 8th, 2012 at 11:05AM
Johnathan Swift had the right idea. He suggested the way to deal with the "Irish Problem" as the potato famine was called was for every Brit to consider it their duty to eat Irish babies. He received several thousand letters from Englishmen asking where they could get their Irish babies and find recipes.
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Reply by TheSquirrel Nov 9th, 2012 at 10:46AM
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Reply by wuliheron Nov 9th, 2012 at 10:57AM
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