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Nationally syndicated radio host Neal Boortz on student loans, the next in a long list of government bailouts.
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As Richard said can't take your student loan -- the government will.
Can't afford to -- the government -- markets can't afford -- -- would double by output companies that make the Cox.
Bestselling author and big government radio critics.
Neal Boortz is -- trend here and it's pretty much I guess him and that He stayed on.
Steroids.
One -- one all our obligations assorted away.
You know I'm looking forward to the charts that -- Obama is bound to come up with -- up.
Maybe a couple of weeks but certainly before the election.
That'll have student loans automobile loans home -- this big screen TV loans.
And the maximum amount the maximum percentage of your annual income that you can be required to pay on any of these loans.
-- where it will just have total government control of the loan process but.
I understand the frustration.
Of Obama's children that you can't -- part to New York I mean could you imagine.
-- all -- 80000 dollars for an English degree.
Mean where is that I'll just regular Saturday it could be journalism.
But I'm I think I'm wondering though meal where this goes because it is a slippery slope.
And then you're looking at all you know what I believe we can go back -- does that it -- -- -- -- Whether these programs are useful ally like to think that you know I got back Collins thanks to student loans -- paid them back from -- -- -- but the the but the point is that.
We send a very dangerous message to future.
-- responsible kids.
When the messages.
You don't have to be responsible furthermore it you -- you're -- -- Well.
A responsible.
Individual in this country.
Is.
Is not dependent on government and if you're not dependent on government you're not dependent on politicians.
Which means that responsibility in the private sector equals lack of power.
In the government sector but here's where it goes and Richard was exactly right.
You'll have trouble finding private sector lenders who are willing to put up any money at all for the student loan program.
So as we go into the future you can see the government saying.
Well these kids can't the money is not available for them to borrow forward there.
-- college educations.
So it is up to the federal government to pay for their college education.
They made to demand as -- they made many demands it's an copied part Obama's children.
One of them wipe out all debt well Obama seems to be responding to that another one was free college educations well that's gonna be next down the.
And O'Neill and you know can we and -- we know let's proverbial small relative to figured out of my friend because.
I -- know -- they're protesting outside the offices of a lot of these banks that were built up leaving aside that they were indeed.
-- build out and they paid all that money back with -- -- doesn't matter.
The fact was they were rescued a lot of these kids -- talks if you have a that that they were saying well you know what you what you gonna do for them to better do for me and it sets of sort of entitlement cycle here and that people won't buy cars without it you gotta have a -- -- clunkers program.
They won't buy homes without -- you've got -- -- shortage incentive program.
You know the we're almost at the point where they'll do that at fast food restaurants in order to entice you to know that's stupid idea they don't need to do.
Not let you get my take you get the cards that fast food restaurants well look.
I one of my favorite.
Occupiers Obama's child was the one that was complaining that by the time He got up to protest the Wall Street bankers.
They'd already been at work for two hours and by the time He was ready to leave the part.
They haven't left their offices yet we're pretty sure sure sobbing and my daughter it could -- -- up.
Revenue was upset because they were seeing his protest Tuesday -- working too long well done incredible gap.
All right buddy thank you very much -- -- bestselling author I mean this guy just trends about when they cannot.
All of also -- Arabia so you do -- young -- and you did thank you very much -- good seeing you again.
