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Member 388283 · 03-26-2012, 06:58 PM

Quote:

Originally Posted by fujindesu

Yeah, of course. There is an incentive for IBR as well thou, principal and interest are taxable at the 20th year (~30%), plus the minimum payment you been making for 20 years, I say the government roughly waive 50%-60% of your total loan. For that, a young dentist can have enough cash flow to start his own practice, 15 years earlier than if there is no IBR. that translates to a couple of new job opportunities for the American people, more discretionary income for the dentist and his staff to spend, GDP goes ++++. Money well spent IMO. IBR was supported by Bush and Obama, I think they know what's better for the country than we do.

"There is no such thing as a free lunch."

The government doesn't have a magic wand that they wave that makes hundreds of thousands of dollars miraculously appear to pay off half your school debt (as well as the debts of thousands of other mooches). Someone has to pay for it. It's comforting to know that people feel comfortable dumping off their debts on the rest of us.

Quote:

Originally Posted by fujindesu

lol what? people sleep well at night because they know IBR is legal, and it is helping them realize their dentist dream. If I know the guy that maxed out his credit card, used the money for a start up, and created jobs for the neighbors, I have no problem if some of the neighbors tax money goes to help him with the start up. you come off sounding like an envious step child. Social security, illegal immigration are what's really costing uncle sam. every missile lunched in a foreign war costs 4 years of dental school tuition, yet I trust the government enough to know that in the long run, it is in our country's best interest.

If your feeling so generous, that's admirable. We need more people like that. I have no problem if individuals choose to help others, but the problem is when someone somehow feel entitled to other people's money. That's not how we do things in this country. You are responsible for your financial choices, and no one else. It's that simple.