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Thursday, October 27, 2011

Student Loan Tweak A Total Sham

Student Loan Tweak A Total Sham

Vote Buying Gimmick Realizes Meager Benefits

By Dell Hill via Ace

Now about that tweaking of the student loan program.  You know, the one so highly touted by President Barack Obama this past week.  Just what in that gesture would constitute “relief” for students with overdue student loan payments?  For the life of me, I can’t see it as anything more than lip service and an all-out political stunt to make a few million young voters believe their getting something special.  They’re not.

Ace - at the Ace of Spades HQ - picked up on this theme and I find myself agreeing with him 100%.

Obama's Offer To OWS Students Complaining of Loans: Hey, Let Me Buy You A Big Mac Meal -- Supersized! -- Once a Month

I'm conflicted between being annoyed that further tax money is being diverted towards a noisy cog in the liberal machine and being grateful that it's so meager a gesture.


"It's entirely incoherent," Charles Krauthammer said of Obama's plan to pay down student loans. "I'm not sure if those savings are real, where are they? What he spoke about today was tweaking the student loan program, which he now controls. In a way, it's rather astonishing. The numbers were run by an economics correspondent today in The Atlantic magazine. And It turns out what he is offering the students is between $4.50 and $7.70 a month of relief."

Such A Deal!

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