Thursday, May 22, 2014

The Problem with Sallie Mae only came by not shutting it down in the first place

My biggest problem with Sallie Mae is that it was created by the government.

My second biggest problem is that it should have immediately been shut down and all loans cancelled i.e. wiped off the books -- not repurchased by a private debt collectors, which wouldn't eliminate the problem of the debt itself (not just government control) -- rather than privatized.

Sallie Mae is the perfect example of privatization gone wrong and why government agencies that are in the business of giving loans need to be closed down and the debts cancelled.

I am not in favor of debt forgiveness for borrowers if that means using one set of taxpayers' dollars to pay the rest of the balance of another taxpayer's loans. That just adds to the national debt.

Cancellation is key.

Tuesday, May 6, 2014

Like after Fukushima, after 2014 snowstorms financial "experts" are blaming the weather for bad economy

There has been an increasing trend among financial "experts," TV talking heads, and economists to blame the weather on our crappy economy.

I first began to notice this trend in 2011 after the Fukushima Daiichi nuclear disaster when then Federal Reserve Chairman Ben Bernanke, testifying before Congress, attributed part of our slow growth to that earthquake caused event.

But now this explanation is back in full force, and we are supposed to believe that snow is the reason for the bleeding (Reason for the season? Christmas? Snow? Get it lol).

And we are supposed to believe this in spite of the fact that where the weather was arguably the worst, the chilly Northeast, house sales performed the best in the country. The NE saw a 12.5% increase in February, which was awful weather wise, to March. Meanwhile, the mid-West (-21.5%), the south (-14.4%), and the west (-16.7%), all received negative growth.

According to their line of reasoning, the rest of the states are need in some snow right now; and the ones that did get snow, they need more.

WCF Chapter One "Of Holy Scripture" Sunday School (Sept.-Oct. 2021)

Our text for Sunday School (also "The Confession of Faith and Catechisms") Biblical Theology Bites What is "Biblical Theology...