Obama Is Forgiving the Student Loans of Nearly 400,000 Permanently Disabled People (marketwatch.com)

An anonymous reader writes: Hundreds of thousands of student loan borrowers will now have an easier path to getting their loans discharged, the Obama administration has announced. The Department of Education will send letters to 387,000 people they've identified as being eligible for a total and permanent disability discharge, a designation that allows federal student loan borrowers who can't work because of a disability to have their loans forgiven. The borrowers identified by the Department won't have to go through the typical application process for receiving a disability discharge, which requires sending in documented proof of their disability. Instead, the borrower will simply have to sign and return the completed application enclosed in the letter.

Comments

"Obama is forgiving" is a nice euphemism for theft

[roman_mir]

You can hate what I am saying all you like, but this is theft.

So is inflation (money printing by the Federal reserve), so are income and wealth related taxes, all of the above will be used to "forgive" somebody's 'loans'.

This is simply theft, nothing else. The money is taken from tax payers and transferred to people in whatever group that makes the politician get browny points with the electorate. Obama is not going for reelections himself, the economy is dead pretty much, he won't admit it, he is doing all the propaganda together with Yellen to make it look pretty before elections, where he hopes to push Clinton through.

In any case, a government 'forgiving' loans is theft. A government printing money (and the Fed is not supposed to be part of government, but please) is theft. Income taxes and wealth taxes are theft.

Once it is established that government can tax income and wealth the only question is: how much today will you be able to keep of what you make? You are a slave of the system and if you are one of the vast majority who hope to profit from this system by benefiting from all the money transfer do not forget this simple fact: you are destroying the system, you are not making it any better or stronger or any more moral by condoning theft from the productive and transfer to the unproductive because the productive will be moving their money and thus jobs and products out and they are moving, do not for a second think you will really get what you are voting for in the long run. In the long run your economy and your society that relies on this economy are done.

Re:Generous with OTHER PEOPLE'S money

[DogDude]

You fucking Ayn Rand simpleton. Tax money is spent in many, many ways that lots of people disagree with. It's part of living in a society. Deal with it, and quit being such a selfish prick.