Comments on: U.S. economic decline, Obama recovery plan get progressive scrutiny http://coloradoindependent.com/18845/us-economic-decline-obama-recovery-plan-gets-progressive-scrutiny News you can't get anywhere else Sat, 11 Feb 2012 01:01:30 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: jiangyan xu http://coloradoindependent.com/18845/us-economic-decline-obama-recovery-plan-gets-progressive-scrutiny/comment-page-1#comment-104574 jiangyan xu Fri, 27 May 2011 02:12:00 +0000 http://coloradoindependent.com/?p=18845#comment-104574 If a man empties his purse into his head , no man can take it away from him , <a Href="http://www.coachfreeshipping.com/" rel="nofollow">coach outlet</a> an investment in knowledge always pays the best interest . If a man empties his purse into his head , no man can take it away from him , coach outlet an investment in knowledge always pays the best interest .

]]> By: U.S. economic decline, Obama recovery plan get progressive ... http://coloradoindependent.com/18845/us-economic-decline-obama-recovery-plan-gets-progressive-scrutiny/comment-page-1#comment-62853 U.S. economic decline, Obama recovery plan get progressive ... Thu, 03 Mar 2011 17:38:41 +0000 http://coloradoindependent.com/?p=18845#comment-62853 <strong>U.S. economic decline, Obama recovery plan get progressive ......</strong> [...]Crisanta Duran, D-Denver, steered her bill to consolidate state resources past the House State, Veterans and Military Affairs Committee Thursday, with the committee passing it without objection. Advertisement .... Here is a breakdown of my student... U.S. economic decline, Obama recovery plan get progressive ……

[...]Crisanta Duran, D-Denver, steered her bill to consolidate state resources past the House State, Veterans and Military Affairs Committee Thursday, with the committee passing it without objection. Advertisement …. Here is a breakdown of my student…

]]> By: KennethSPoodale http://coloradoindependent.com/18845/us-economic-decline-obama-recovery-plan-gets-progressive-scrutiny/comment-page-1#comment-41715 KennethSPoodale Mon, 12 Jul 2010 04:07:07 +0000 http://coloradoindependent.com/?p=18845#comment-41715 The debts have been mounting up and you are getting farther and farther behind in paying them. You want to pay them but you are not sure exactly how to get that done. <a href="http://www.chapter7bankruptcyreviews.com/" rel="nofollow"><b>chapter 7 bankruptcy</b></a> code allows you to do exactly that. You can pay your bills back at a lower interest rate or no interest rate at all. A Chapter 13 bankruptcy allows you to keep your assets. This type of bankruptcy is for those who have a regular income and can afford request an adjustment. Chapter 13 bankruptcy gives you five years to repay your debts. During these five years, an attorney will oversee the process for both you and the courts. The debts have been mounting up and you are getting farther and farther behind in paying them. You want to pay them but you are not sure exactly how to get that done. chapter 7 bankruptcy code allows you to do exactly that. You can pay your bills back at a lower interest rate or no interest rate at all. A Chapter 13 bankruptcy allows you to keep your assets. This type of bankruptcy is for those who have a regular income and can afford request an adjustment. Chapter 13 bankruptcy gives you five years to repay your debts. During these five years, an attorney will oversee the process for both you and the courts.

]]> By: elsabeth http://coloradoindependent.com/18845/us-economic-decline-obama-recovery-plan-gets-progressive-scrutiny/comment-page-1#comment-34870 elsabeth Wed, 04 Mar 2009 19:29:28 +0000 http://coloradoindependent.com/?p=18845#comment-34870 The student loan industry is just another way for the banking industry to make billions of dollars at the expense of many hard working people. The loan terms seem good at the outset, in that the interest rates on their face seem low, but what many student borrowers don't realize is that many guaranteed student loans convert to a compound interest rate during a deferment period. What makes this so wrong is that most people's earning capacity is at their lowest when they first leave college or graduate school which is when they usually need the deferment. Depending on the interest rate and the balance of the loan by the time they come out of the deferment period their principal may have increased several thousand dollars. To make matters worse, if you carry a high balance on your student loans, once you begin to earn approximately 60K a year, the interest is no longer deductible. <br><br>I personally pay over $500 a month in student loan interest alone, none of which is tax deductible. Last year my income was less than 75K. I was laid off in June and have had to put my loans in deferment again so the interest is once again compounding. When I left school I had approximately 90K in student loan debt. Since then I paid off a $6,700 private loan and all the associated interest which amounted to more than 11K. I still owe more than 160K in student loans, of which, more than 76K is interest. <br><br>Here is a breakdown of my student loan debt: 90K less 6,700 = 84,300 principal. Also, for each disbursement that was made the lender charged a 2 to 3% origination fee which they deducted before making any disbursements. If I were to average the fee at 2.5% $2250 and subtract that from the principal of 84,300 that means that I actually borrowed approximately $82,2500.00 and am now expected to repay over $160,000.00. I'd say that's a pretty good rate of return especially considering the fact that I will also be subject to higher taxes as a result of them now borrowing from me and every other tax paying American. The student loan industry is just another way for the banking industry to make billions of dollars at the expense of many hard working people. The loan terms seem good at the outset, in that the interest rates on their face seem low, but what many student borrowers don't realize is that many guaranteed student loans convert to a compound interest rate during a deferment period. What makes this so wrong is that most people's earning capacity is at their lowest when they first leave college or graduate school which is when they usually need the deferment. Depending on the interest rate and the balance of the loan by the time they come out of the deferment period their principal may have increased several thousand dollars. To make matters worse, if you carry a high balance on your student loans, once you begin to earn approximately 60K a year, the interest is no longer deductible.

I personally pay over $500 a month in student loan interest alone, none of which is tax deductible. Last year my income was less than 75K. I was laid off in June and have had to put my loans in deferment again so the interest is once again compounding. When I left school I had approximately 90K in student loan debt. Since then I paid off a $6,700 private loan and all the associated interest which amounted to more than 11K. I still owe more than 160K in student loans, of which, more than 76K is interest.

Here is a breakdown of my student loan debt: 90K less 6,700 = 84,300 principal. Also, for each disbursement that was made the lender charged a 2 to 3% origination fee which they deducted before making any disbursements. If I were to average the fee at 2.5% $2250 and subtract that from the principal of 84,300 that means that I actually borrowed approximately $82,2500.00 and am now expected to repay over $160,000.00. I'd say that's a pretty good rate of return especially considering the fact that I will also be subject to higher taxes as a result of them now borrowing from me and every other tax paying American.

]]> By: elsabeth http://coloradoindependent.com/18845/us-economic-decline-obama-recovery-plan-gets-progressive-scrutiny/comment-page-1#comment-24452 elsabeth Wed, 04 Mar 2009 13:29:28 +0000 http://coloradoindependent.com/?p=18845#comment-24452 The student loan industry is just another way for the banking industry to make billions of dollars at the expense of many hard working people. The loan terms seem good at the outset, in that the interest rates on their face seem low, but what many student borrowers don't realize is that many guaranteed student loans convert to a compound interest rate during a deferment period. What makes this so wrong is that most people's earning capacity is at their lowest when they first leave college or graduate school which is when they usually need the deferment. Depending on the interest rate and the balance of the loan by the time they come out of the deferment period their principal may have increased several thousand dollars. To make matters worse, if you carry a high balance on your student loans, once you begin to earn approximately 60K a year, the interest is no longer deductible. <br><br>I personally pay over $500 a month in student loan interest alone, none of which is tax deductible. Last year my income was less than 75K. I was laid off in June and have had to put my loans in deferment again so the interest is once again compounding. When I left school I had approximately 90K in student loan debt. Since then I paid off a $6,700 private loan and all the associated interest which amounted to more than 11K. I still owe more than 160K in student loans, of which, more than 76K is interest. <br><br>Here is a breakdown of my student loan debt: 90K less 6,700 = 84,300 principal. Also, for each disbursement that was made the lender charged a 2 to 3% origination fee which they deducted before making any disbursements. If I were to average the fee at 2.5% $2250 and subtract that from the principal of 84,300 that means that I actually borrowed approximately $82,2500.00 and am now expected to repay over $160,000.00. I'd say that's a pretty good rate of return especially considering the fact that I will also be subject to higher taxes as a result of them now borrowing from me and every other tax paying American. The student loan industry is just another way for the banking industry to make billions of dollars at the expense of many hard working people. The loan terms seem good at the outset, in that the interest rates on their face seem low, but what many student borrowers don't realize is that many guaranteed student loans convert to a compound interest rate during a deferment period. What makes this so wrong is that most people's earning capacity is at their lowest when they first leave college or graduate school which is when they usually need the deferment. Depending on the interest rate and the balance of the loan by the time they come out of the deferment period their principal may have increased several thousand dollars. To make matters worse, if you carry a high balance on your student loans, once you begin to earn approximately 60K a year, the interest is no longer deductible.

I personally pay over $500 a month in student loan interest alone, none of which is tax deductible. Last year my income was less than 75K. I was laid off in June and have had to put my loans in deferment again so the interest is once again compounding. When I left school I had approximately 90K in student loan debt. Since then I paid off a $6,700 private loan and all the associated interest which amounted to more than 11K. I still owe more than 160K in student loans, of which, more than 76K is interest.

Here is a breakdown of my student loan debt: 90K less 6,700 = 84,300 principal. Also, for each disbursement that was made the lender charged a 2 to 3% origination fee which they deducted before making any disbursements. If I were to average the fee at 2.5% $2250 and subtract that from the principal of 84,300 that means that I actually borrowed approximately $82,2500.00 and am now expected to repay over $160,000.00. I'd say that's a pretty good rate of return especially considering the fact that I will also be subject to higher taxes as a result of them now borrowing from me and every other tax paying American.

]]> By: elsabeth http://coloradoindependent.com/18845/us-economic-decline-obama-recovery-plan-gets-progressive-scrutiny/comment-page-1#comment-22135 elsabeth Wed, 04 Mar 2009 11:29:28 +0000 http://coloradoindependent.com/?p=18845#comment-22135 The student loan industry is just another way for the banking industry to make billions of dollars at the expense of many hard working people. The loan terms seem good at the outset, in that the interest rates on their face seem low, but what many student borrowers don't realize is that many guaranteed student loans convert to a compound interest rate during a deferment period. What makes this so wrong is that most people's earning capacity is at their lowest when they first leave college or graduate school which is when they usually need the deferment. Depending on the interest rate and the balance of the loan by the time they come out of the deferment period their principal may have increased several thousand dollars. To make matters worse, if you carry a high balance on your student loans, once you begin to earn approximately 60K a year, the interest is no longer deductible. <br><br>I personally pay over $500 a month in student loan interest alone, none of which is tax deductible. Last year my income was less than 75K. I was laid off in June and have had to put my loans in deferment again so the interest is once again compounding. When I left school I had approximately 90K in student loan debt. Since then I paid off a $6,700 private loan and all the associated interest which amounted to more than 11K. I still owe more than 160K in student loans, of which, more than 76K is interest. <br><br>Here is a breakdown of my student loan debt: 90K less 6,700 = 84,300 principal. Also, for each disbursement that was made the lender charged a 2 to 3% origination fee which they deducted before making any disbursements. If I were to average the fee at 2.5% $2250 and subtract that from the principal of 84,300 that means that I actually borrowed approximately $82,2500.00 and am now expected to repay over $160,000.00. I'd say that's a pretty good rate of return especially considering the fact that I will also be subject to higher taxes as a result of them now borrowing from me and every other tax paying American. The student loan industry is just another way for the banking industry to make billions of dollars at the expense of many hard working people. The loan terms seem good at the outset, in that the interest rates on their face seem low, but what many student borrowers don't realize is that many guaranteed student loans convert to a compound interest rate during a deferment period. What makes this so wrong is that most people's earning capacity is at their lowest when they first leave college or graduate school which is when they usually need the deferment. Depending on the interest rate and the balance of the loan by the time they come out of the deferment period their principal may have increased several thousand dollars. To make matters worse, if you carry a high balance on your student loans, once you begin to earn approximately 60K a year, the interest is no longer deductible.

I personally pay over $500 a month in student loan interest alone, none of which is tax deductible. Last year my income was less than 75K. I was laid off in June and have had to put my loans in deferment again so the interest is once again compounding. When I left school I had approximately 90K in student loan debt. Since then I paid off a $6,700 private loan and all the associated interest which amounted to more than 11K. I still owe more than 160K in student loans, of which, more than 76K is interest.

Here is a breakdown of my student loan debt: 90K less 6,700 = 84,300 principal. Also, for each disbursement that was made the lender charged a 2 to 3% origination fee which they deducted before making any disbursements. If I were to average the fee at 2.5% $2250 and subtract that from the principal of 84,300 that means that I actually borrowed approximately $82,2500.00 and am now expected to repay over $160,000.00. I'd say that's a pretty good rate of return especially considering the fact that I will also be subject to higher taxes as a result of them now borrowing from me and every other tax paying American.

]]> By: Loan Modification http://coloradoindependent.com/18845/us-economic-decline-obama-recovery-plan-gets-progressive-scrutiny/comment-page-1#comment-21821 Loan Modification Thu, 19 Feb 2009 03:39:58 +0000 http://coloradoindependent.com/?p=18845#comment-21821 I heard about this. I just hope that this plan works so every citizen will be satisfied. Thanks for sharing. I heard about this. I just hope that this plan works so every citizen will be satisfied. Thanks for sharing.

]]> By: Bob http://coloradoindependent.com/18845/us-economic-decline-obama-recovery-plan-gets-progressive-scrutiny/comment-page-1#comment-21646 Bob Mon, 16 Feb 2009 02:39:20 +0000 http://coloradoindependent.com/?p=18845#comment-21646 Obama, if he has a heart and sense, should insist that the bankruptcy reform allows that anyone who has student loans and has already filed chapter 7 bankruptcy be allowed to go back and amend the bankruptcy to include ALL student loans. This is only fair considering that others have benefited from bankruptcy protection in the past. I filed chapter 7. It has not helped one bit because I still owe an enormous sum in student loans. So much that I have to seriously consider leaving the country. <br><br>I should get what the bankruptcy process is supposed to provide. That is a fresh start on life. I should not have to leave the country to get a fresh start. There was a time in our history where people fled other countries to come to the USA for a fresh start. Obama, if he has a heart and sense, should insist that the bankruptcy reform allows that anyone who has student loans and has already filed chapter 7 bankruptcy be allowed to go back and amend the bankruptcy to include ALL student loans. This is only fair considering that others have benefited from bankruptcy protection in the past. I filed chapter 7. It has not helped one bit because I still owe an enormous sum in student loans. So much that I have to seriously consider leaving the country.

I should get what the bankruptcy process is supposed to provide. That is a fresh start on life. I should not have to leave the country to get a fresh start. There was a time in our history where people fled other countries to come to the USA for a fresh start.

]]> By: Lena J. http://coloradoindependent.com/18845/us-economic-decline-obama-recovery-plan-gets-progressive-scrutiny/comment-page-1#comment-21294 Lena J. Tue, 03 Feb 2009 19:55:54 +0000 http://coloradoindependent.com/?p=18845#comment-21294 In context with economic recovery there is a topic expert names Med Yones, Global Strategy Expert, who predict a significant improvement to financial situation in U.S. by the end 2010. According to his theory “the markets need at least two consecutive quarters of business growth and profits, so that CEOs, investors and consumers will establish the confidence to invest again and reverse the negative cycle. However, we will not see the hugely inflated stocks and real estate prices anytime soon.” Detailed information can be found at <br><br><a href="http://www.ceoqmagazine.com/2009Q1/economics/economicrecoveryplan/index.htm" rel="nofollow">http://www.ceoqmagazine.com/2009Q1/economics/ec...</a> In context with economic recovery there is a topic expert names Med Yones, Global Strategy Expert, who predict a significant improvement to financial situation in U.S. by the end 2010. According to his theory “the markets need at least two consecutive quarters of business growth and profits, so that CEOs, investors and consumers will establish the confidence to invest again and reverse the negative cycle. However, we will not see the hugely inflated stocks and real estate prices anytime soon.” Detailed information can be found at

http://www.ceoqmagazine.com/2009Q1/economics/ec…

]]> By: Tracy http://coloradoindependent.com/18845/us-economic-decline-obama-recovery-plan-gets-progressive-scrutiny/comment-page-1#comment-20885 Tracy Sun, 11 Jan 2009 19:58:09 +0000 http://coloradoindependent.com/?p=18845#comment-20885 Along with the obvious challenges of getting our economy moving again we are drowning ourselves in bureacracy. For example: I listed a house for sale in early November. Within 10 days I accepted an offer to purchase. I just thought the hard part was over. The buyer was preapproved & hoped to close before the end of the month. Due to bureacracy this sale took 2 months to close. How can we expect our economy to improve when whatever we do our system which puts the brakes on the economic activity we must have to recover. Then to add the final insult when I deposited the check from the trust account of a prominant attorney my bank placed a 7 day hold on my funds. Guess I will just keep my money when I get it instead of buying the new Chevrolet I had my eye on. Along with the obvious challenges of getting our economy moving again we are drowning ourselves in bureacracy. For example: I listed a house for sale in early November. Within 10 days I accepted an offer to purchase. I just thought the hard part was over. The buyer was preapproved & hoped to close before the end of the month. Due to bureacracy this sale took 2 months to close. How can we expect our economy to improve when whatever we do our system which puts the brakes on the economic activity we must have to recover. Then to add the final insult when I deposited the check from the trust account of a prominant attorney my bank placed a 7 day hold on my funds. Guess I will just keep my money when I get it instead of buying the new Chevrolet I had my eye on.

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