Obama’s Halloween Student Loan Bailout -- Trick or Treat?
By Patricia
Campion | Yahoo! Contributor Network – Wed, Nov 9, 2011
COMMENTARY | After three years of broken promises and failed
economic policies, President Barack Obama is running out of people to bribe or
harass for support. He's losing
ground in key demographics of his base.
A Real
Clear Politics poll average shows 50.4 percent of American's disapprove of
his job performance. He can't even make the Democrat controlled Senate pass his
jobs bill. So this Halloween, the president decided to sidestep frustrated
adults, bypass Congress with an executive order and hand out student loan tricks
disguised as bailout treats.
According
to the White House website, the three treats are; allowing borrowers with
direct government loans and government-backed private loans to consolidate
their balances, lowering the allowable student loan payment limit from 15
percent to 10 percent of a graduate's income and lowering the time-frame to
achieve debt forgiveness from 25 years to 20 years.
Sounds good, right? But just like on Halloween when you dump
out your treats on the floor, careful examination reveals the hidden tricks…
Also see: Kevin Dayhoff The Tentacle: The Long-Term Fear
Factor
November 9, 2011
The Long-Term Fear Factor
Kevin E. Dayhoff
Recently the political turmoil in Italy and Greece, France’s
increasing financial troubles, and the lack of leadership in Europe and the
United States, are slowly edging the planet from an economic crisis to a
long-term fear factor.
Not to be overlooked are the troubled national economies of
Portugal, Ireland, Spain, and Japan, punctuated by the sharp populist rhetoric
of President Barack Obama’s re-election campaign attacks on “the rich,” banks,
Wall Street and big multi-national corporations.
Economic and political uncertainly is one thing. However,
the growing social instability exemplified by the civil unrest in Greece and
the Occupy Wall Street protests in the United States should give most thinking
Americans, with sense of history, pause for thought… http://www.thetentacle.com/ShowArticle.cfm?mydocid=4735
20111109 sdosm Yahoo Campion Obamas Halloween Student Loan
Bailout
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Kevin Dayhoff Soundtrack: http://kevindayhoff.blogspot.com/ = http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://kevindayhoffart.blogspot.com/ or http://kevindayhoffart.com/ = http://www.kevindayhoff.com/ Kevin Dayhoff Westminster: http://kevindayhoffwestgov-net.blogspot.com/ or http://www.westgov.net/ = www.kevindayhoff.org Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net Explore Carroll: www.explorecarroll.com The Tentacle: www.thetentacle.com
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