STUDENT LOANS PWNED, RATES DOUBLE


“The seductiveness rates on brand new subsidized sovereign Stafford tyro loans will enlarge from 3.4 percent to 6.8 percent, after lawmakers unsuccessful to determine to a comp…

{ 25 comments }

TheRenaissanceYngMan July 20, 2013 at 1:28 pm

nice video check out my blog post
redistribution of wealth

Moses Park July 20, 2013 at 2:13 pm

THID IS FUCKIN BULLSHIT!!!!!

Bruce Wayne July 20, 2013 at 2:32 pm

Outsourcing is good for the international economy, i support internationalism so go fuck yourself you greedy nationalist twat. And krugman i not an economist, apologies, he is a professional idiot.

Bruce Wayne July 20, 2013 at 3:30 pm

In net, economic output and raw economic wealth always outplays inequality. One of the reasons the US has longer working hours is because 9% of its population is not unemployed unlike denmark.

Bruce Wayne July 20, 2013 at 3:54 pm

Are you retarded? Higher gdp is always better.
As for korea, why dont you show government as percent of gdp?
You literally ignored my best two examples which completely shit on DENMARK in terms of ECONOMIC GROWTH AND PPP per capita (singapore and hong kong). South Korea does the SAME, it has a FIVE PERCENT GROWTH RATE and in FIVE YEARS IT
WILL COMPLETELY SHIT OVER DENMARK.
Also nice try ignoring government as percent of gdp and not revenues.

Bruce Wayne July 20, 2013 at 4:20 pm

Wage average means taking the sun population. Overall us is much better upu are just complaining about street sweepers not being as well off as scientists.

TruthDevours July 20, 2013 at 4:42 pm

Fuuuuck. You can’t just point and click this shit. You have to apply income inequality metrics to determine medium worker earnings per REAL working person.

Compare Figures A to Figure F

epiDOTorg/publication/ib339-us-poverty-higher-safety-net-weaker/

Using the slightest modicum of logic, you don’t even need these tables. Higher GDP, less taxes, and working more hours resulting in LESS money should be enough. Your mother’s umbilical cord must have been an exhaust pipe. Try to fail less.

TruthDevours July 20, 2013 at 5:04 pm

Are you fucking serious? What economist in their right mind thinks that people working longer hours for less money doesn’t make a difference how an economy will function compared to other economies?

TruthDevours July 20, 2013 at 5:42 pm

“…bigger gdp = better right?…”

That’s like saying eating more food means more energy for the body. Ever heard of obesity? You’re using inductive reasoning. Try DEDUCTIVE reasoning. The US has a larger GDP per capita, lower taxes, and works more hours compared to Denmark, yet our workers continue to make and SPEND less real money. As for Korea:

US vs SK – Tax Revenue, GDP, & Income Inequality Metrics:

South Korea 26.8…30,722…31.1

US  26.9…49,922…45

TruthDevours July 20, 2013 at 6:36 pm

“>> a majority of our workers…”
You can thank outsourcing and student debt for that:
Outsourcing –
bloombergDOTcom/news/2013-04-29/immigration-reform-splits-tech-industry-afflicted-by-outsourcingDOThtml
Student Debt –
huffingtonpostDOTcom/2013/04/17/student-debt_n_3100940DOThtml

“Any economist except paul krugman…”

Slandering one economist won’t change basic economic laws. Workers can’t spend money they aren’t making. The US model is a failure.

TruthDevours July 20, 2013 at 7:23 pm

“>> lower tax rate is good…”

Denmark has a higher tax rate.

“>> higher gdp per capita…”

Is something clearly not demonstrated by wage averages in the US.

“>> 1-2 hours is not significantly more”

That’s not the point. The point is working longer has not resulted in higher wages. This means in order for workers to spend more they’d have to borrow more. Basic economic theory states that if productivity rises, marginal product and real wage should follow. That’s not the case here.

Bruce Wayne July 20, 2013 at 7:36 pm

The “average wage” in the US is higher than that, fail more.

Bruce Wayne July 20, 2013 at 7:41 pm

Does not make a difference.

Bruce Wayne July 20, 2013 at 8:31 pm

Both of those show that the us is significantly better off economically. You do realkze that bigger gdp = better right? And that lower taxes = bigger gdp growth.
Singapore, hong kong, and south korea are the models to follow, high gdp per capita ppp, high economic growth rates, next to no debt, very low government regulation, no safety net. Look how well they perform.

Bruce Wayne July 20, 2013 at 9:18 pm

>> lower tax rate is good, denmark has much less regulations
>> higher gdp per capita by 10k$ and higher growth of it is too
>> 1-2 hours is not significantly more
>> a majority of our workers are unskilled idiots who either studied liberal arts or did not at all, they deserve the pay they can get.

Any economist except paul krugman (who stated the internet would be useless like the fax machine by 2005) agrees.

TruthDevours July 20, 2013 at 9:53 pm

So far, compared to those losers in Denmark, America has a lower tax rate, larger GDP, works more hours per week, and yet the majority of our workers are paid 12 dollars less per hour. So riddle me this Batman: Exactly how many paint chips must a pregnant woman chew in order to give birth to someone who believes the American economic model is superior to the Danish one? Please take the time to get all your economic shits into a nice neat pile and analyze it thoroughly before responding.

TruthDevours July 20, 2013 at 9:57 pm

And now for the truly depressing fact. Here is the average minimum wage (From Wiki):

United States – The federal minimum wage is US$7.25 per hour. States may also set a minimum, in which case the higher of the two is controlling; some territories are exempt and have lower rates.

Denmark – None; instead, negotiated between unions and employer associations; the average minimum wage for all private and public sector collective bargaining agreements was 109 kroner ($19) per hour.

TruthDevours July 20, 2013 at 10:01 pm

Voting (From Wiki):

US – single member district plurarity on a two party platform

Denmark – proportional representation on a multi-party platform

TruthDevours July 20, 2013 at 10:18 pm

And now for the truly depressing fact. Here is the average minimum wage:

United States – The federal minimum wage is US$7.25 per hour. States may also set a minimum, in which case the higher of the two is controlling; some territories are exempt and have lower rates.

Denmark – None; instead, negotiated between unions and employer associations; the average minimum wage for all private and public sector collective bargaining agreements was 109 kroner ($19) per hour.

TruthDevours July 20, 2013 at 10:56 pm

Here is the average number of hours worked annually: From the Organization for Economic Co-operation and Development

Denmark 1,522 hours

United States 1, 787 hours

TruthDevours July 20, 2013 at 11:03 pm

“… dont know two shits…”

Uh huh. Assuming you know a few shits more than me regarding economics lets do a quick comparison between the US and Danish economic models:

From Wiki Here are the stats for GDP per capita (per head):
Denmark 37,700 2012 est.
United States 49,800 2012 est.

Here is the tax revenue as percentage of GDP:
Denmark 49.0
United States (all levels) 26.9

kgonepostl July 20, 2013 at 11:15 pm

I’m == close to leaving this country. I’m all for America FUCK-THE-GOVERNMENT

macgeek2004 July 20, 2013 at 11:18 pm

This coming from some pathetic fuck with a terrible, fake, alliterative name like “ADAM ARIZONA” who only created their YouTube account *TODAY*. I’m honestly stunned that your grammar is proper because you share all the characteristics and logic of one of YouTube’s stupidest spammers! I mean, god damn, man! Goddamn…

macgeek2004 July 20, 2013 at 11:55 pm

…when Ronald Reagan first made the University of California system not free to students by pulling their funding and REQUIRING that they charge students tuition back when he was California’s governor.

Hooded Reptilian July 21, 2013 at 12:33 am

Good. May you all leave.

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