Uncomfortable Truth Blog
by Scott Paterno
Who are we subsidizing?
October 26, 2011
In his latest effort to make his re-election relevant to an increasingly restless youth block that he desperately needs, President Obama later today will announce a program to make student loans "more affordable."
One has to wonder how on earth this man can be called a populist. Consider: the way it is structured there is almost no downside to running up a huge bill in college and grad school, taking a job at McDonald's (if your PhD in Transgender issues qualifies you, which I doubt) and just hanging out until you hit 50, when all your $300K of debt will be forgiven -- remember, repayment is capped at 10% of income per year for 20 years...
And who is paying off the balance of those debts? Middle America, who sent their kids to state schools and community colleges on their own dime, only to see their taxes go up to pay off the debts of Ivy leaguers with too much liberal in their education and way too few useful arts.
This is the champion of the poor? Taking billions of dollars from the many to benefit an elite few the most?
Uncomfortable Truth Blog Archives (last 25)
|View||October 12, 2011||We all (well most of us) want to be the 1%|
|View||October 09, 2011||Pa Dems and the Constitution|
|View||September 29, 2011||Come back to texas...|
|View||September 26, 2011||Newt then (and I love the now).|
|View||September 19, 2011||Read the Robin Hood story again - CLOSELY.|
|View||September 18, 2011||Happy Constitution Day (belated)|
|View||September 14, 2011||@Attackwatch|
|View||September 13, 2011||Chief of Staff Gingrich|
|View||September 12, 2011||Reflections on 9/11/11|
|View||September 02, 2011||Petty Politics|
|View||August 26, 2011||Come on Irene|
|View||August 17, 2011||Why wait?|
|View||August 15, 2011||Poor Barack|
|View||August 12, 2011||Introducing the Uncomfortable Truth Blog|