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OH, THAT'S KIND OF WEIRD: President Obama willmake a fancy announcement about some sort of Official Plan to help the college edjumucated young'uns shed a few less tears when they receive their mammoth monthly student loan bill statements, just now, today, for some reason! Oh right, the kids are angry these days. Obama's mollification program for the Occupy Wall Street protesters concerned about crushing student loan debt includes a timid handful of tweaks to the current federal student loan relief plan that will probably only help 16% or so of over 36 million borrowers, but here's "hoping" their love comes cheaper than Wall Street bankers'!


The main thing is that these tweaks will take effect in 2012 instead of boring old 2014, so that Barack Obama can toss out some bland statistics on these Important Changes when campaign trail reporters pitch him a few questions about how he plans to win back the Pissy Youth Vote, on principle, since one major aspect of the program will not change anything whatsoever for current loan holders.

From ABC News:

The administration’s Pay as You Earn plan, to be announced today, has the potential to cut hundreds of dollars from a borrower’s loan payment, the administration says, and it will help about 1.6 million students and alumni. But there are caveats, the biggest being that current borrowers will not be eligible to participate. Only those who are in college or university and who take out a student loan next year will be eligible.

“The students who signed the petition [to the president] and the students in ‘Occupy Wall Street,’ most of them are students who have already graduated. Most of them are unemployed and need help,” said Mark Kantrowitz, publisher of FinAid and a student aid expert. “They are the ones who brought attention to this issue and most of them are not going to benefit from this.”

So probably none of those protester people will be very happy about much of this, which is why the police are busy tear-gassing and trucking them off to prison. [AP/ABC News]

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Tim Scott, the Senate's sole black Republican, added some spice to my Thursday when he torpedoed the nomination of Oregon's Ryan Bounds to fill a seat on the Ninth US Circuit Court of Appeals. Why? He thought he was just too racist, and if you're too racist for the black Tea Party-endorsed senator from South Carolina, you're too racist to even operate a bad pizza chain.

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Voters in Oklahoma approved a June ballot initiative making medical marijuana legal, and in response, the state's Republican establishment has gone into full Reefer Madness Freakout Mode, certain that if anyone gets a prescription for wacky tobacky, folks will be smoking marijuana in Muskogee, and wearing roman sandals instead of leather boots. Among those getting in on the fun of a full-on political panic was Julie Ezell, the general counsel for the State Department of Health, who resigned last week after it was revealed she'd written threatening emails to herself and claimed they'd been sent by dangerous weed advocates. Ezell was charged Tuesday with making a false police report and generally being a narc in the incident. Authorities are said to be weighing an uptight buzzkill enhancement.

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