Gillespie On Occupy
Nick Gillespie writes at reason about how the Occupiers are missing the point:
...If the government bailout of politically connected financial institutions was awful (and it was), a bailout of, say, holders of student loans isn't the way to correct the problem.
Bailouts for everyone! It's only fair.
Christopher at November 15, 2011 9:13 AM
wait, what people say and what they do are not the same thing?
Stop the presses!
They don't want change as much as they want their "Fair Share"
SwissArmyD at November 15, 2011 9:58 AM
Put 'em up, put 'em up! Which one of you first? I'll fight you both together if you want. I'll fight you with one paw tied behind my back. I'll fight you standing on one foot. I'll fight you with my eyes closed... ohh, pullin' an axe on me, eh? Sneaking up on me, eh? Why, I'll... Ruff!
http://i2.cdn.turner.com/cnn/dam/assets/111115113139-occupy-zuccotti-park-police-03-horizontal-gallery.jpg
Gog_Magog_Carpet_Reclaimers at November 15, 2011 10:46 AM
In terms of "fairness," will those who actually paid off or are paying off our student loans get a refund?
Or are we now considered part of the 1%?
Conan the Grammarian at November 15, 2011 3:22 PM
@Conan - exactly - I'd be all for student loan forgiveness. But only after I'm refunded the $45,000+ I worked my ass off to pay on time. Then we'll talk. Until that happens, student loan forgiveness - aka, a bailout for the stupid - is my tar, feather and pitchfork issue.
JDThompson at November 15, 2011 4:34 PM
In terms of "fairness," will those who actually paid off or are paying off our student loans get a refund?
No way, dude. If you are able keep up with your debt, no bailout for you. Same if you are able to pay your mortgage. Only the irresponsible get bailed out. It wouldn't be fair to help those who are doing OK.
Christopher at November 15, 2011 6:47 PM
How much of that bailout money did the government get back?
(Excluding, for obvious reasons, the FFMs.)
Jeff Guinn at November 15, 2011 6:56 PM
@ Jeff Guinn:
A more pointed question is to ask how how well the bailout did as an investment of taxpayers' money.
Despite my investing acumen, the US Treasury made more money on the bailout than I did on my CDs and index funds.
Andre Friedmann at November 16, 2011 9:36 AM
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