The Thoughts of Gunnar

Student Loans II
October 26, 2008, 4:03 pm
Filed under: Uncategorized

The above is a link to an article of how many have fled the country because they can’t afford their student loans, creating an estimated 60 billion in defaults. It just came out today, and that would be more than I expected, although it adds to my grave concerns about the student loan program and how we just create loans out of nothing, with no collateral to back them up, to people with no credit history.


My Big Economic Concern
October 24, 2008, 8:12 am
Filed under: Uncategorized

My friend Chris Hoff forwarded this to me today by email, and it perfectly sums up what I am afraid has already happened to our country.

There was a chemistry professor in a large college that had some
exchange students in the class. One day while the class was in the lab,
the Prof noticed one young man, an exchange student, who kept rubbing
his back and stretching as if his back hurt.

The professor asked the young man what was the matter. The student told
him he had a bullet lodged in his back. He had been shot while fighting
communists in his native country who were trying to overthrow his
country’s government and install a new communist regime.

In the midst of his story, he looked at the professor and asked a
strange question. He asked:

‘Do you know how to catch wild pigs?’

The professor thought it was a joke and asked for the punch line. The
young man said that it was no joke.

‘You catch wild pigs by finding a suitable place in the woods and
putting corn on the ground. The pigs find it and begin to come everyday
to eat the free corn. When they are used to coming every day, you put a
fence down one side of the place where they are used to coming.

When they get used to the fence, they begin to eat the corn again and
you put up another side of the fence. They get used to that and start to
eat again. You continue until you have all four sides of the fence up
with a gate in the last side.

The pigs, which are used to the free corn, start to come through the
gate to eat that free corn again.

You then slam the gate on them and catch the whole herd. Suddenly the
wild pigs have lost their freedom. They run around and around inside the
fence, but they are caught.

Soon they go back to eating the free corn . They are so used to it that
they have forgotten how to forage in the woods for themselves, so they
accept their captivity.’

The young man then told the professor that is exactly what he sees
happening in America . Liberals keep pushing us toward
Communism/Socialism and keep spreading the free corn out in the form of
programs such as supplemental income, tax credit for unearned income,
tax cuts, tax exemptions, tobacco subsidies, dairy subsidies, payments
not to plant crops (CRP), welfare, medicine, drugs, etc. while we
continually lose our freedoms, just a little at a time.

One should always remember

There is no such thing as a free lunch

My Blog that is under construction, Part 2
October 13, 2008, 7:42 pm
Filed under: Uncategorized

Right now, I am working through some things, and hopefully some others, on expressing some thougts pondering the Student Loan system in the U.S., and what I believe are some absolutely dangerous and horrible consequences of it.  Much of the thoughts that I will be expressing, I honestly have not heard others express, although I can only guess there are those that  have.  While I certainly do not intentionally want to offend anyone with these thoughts, I am aware that the concept of education is such a big topic to some folks, and I have resigned that I cannot be ignorant to the idea my thoughts may rattle some.

As a warm up, one of my basic premises is that, just like the loan system we have been running with for homes hit a bubble, I would say even more so with school loans.  As many of us have noticed, the annual increase in expenses for a college education has soared way beyond the inflation across many other sectors, for many, many years now.  (Even way beyond the real, actualized rates of inflation, not just some of the bogus  government ones that have zero practical relevance in the ‘real world.’

What is even scarier to me is that I have anyone mention such a thing…which means it could still go on.  We print up money from thin air, basically, to give students loans, (and they have  to have virtually ZERO qualifiers for these loans, may I add…no job, assets, anything!), and that money gets thrown at the colleges.  Anyone wonder why ‘collegiate inflation’ runs so high?  Maybe it is because we keep on ‘printing up money’ to throw at it, and we consider it our ‘right’ to get these student loans.  What if colleges had to run on the free market, where people scrapped together for their educations, in a world where the student loan never came into play?  Yep.  That is right.  College wouldn’t be anywhere near as expensive.

There  is so much more that I will bring into play, but that is the introduction of some things that are cooking.

Blogs in process…
October 10, 2008, 10:25 am
Filed under: Uncategorized

I have a few blogs in process, for the few readers that I have…not to worry.  (I know you were all freaked out by not seeing one in awhile…ya…right.)