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Why Social Security is doing fine… and how it can do better (Republicans take notes)

That’s the situation. The next time the Republicans accuse Social Security of adding to the deficit, play this for them (and tell them to put back the money Bush stole from it.)

Romney, btw, wants to cut a hunk out of Social Security – but he doesn’t need it.

Do you believe it? Sean Hannity has a lack of knowledge…

Seanhannitykingofprussia

Hannity:

Mr. President where were you for three and a half years on student loans?”

Sean, of course, is trying to make everyone think that Obama has done nothing on his 2008 campaign promise to help with increasing costs of student loans. The smug smile on his face shows that he doesn’t know what he’s talking about.

For instance, on March 30, 2010, President Obama signed the Health Care and Education Reconciliation Act of 2010, which saved $68 billion by removing banks from the student loan processing business and freed up more to be given that could be spent on helping students pay for college.

Also, he saw to it that the law stated:

“New borrowers who assume loans after July 1, 2014, will be able to cap their student loan repayments at 10 percent of their discretionary income and, if they keep up with their payments over time, will have the balance forgiven after 20 years.”

 In 2011, the Obama administration announced the new loan repayment rules:

Borrowers are allowed to consolidate some of their payments and save a half of a percentage point interest. (Republicans are now trying to double the interest rate in student loans.)

President Obama has done a great deal to remove the big bank corruption from the student loan program and has made the  program more about actually helping students get an affordable education, not adding to corporate bottom line.

What has Obama done for students who have loans? More that Sean Hannity’s lying heart will ever be able to admit.

—-> Thanks to Politicus USA

Brady Bonk comments on Former President Clinton…

… and his remarks on the Obama student loan changes.
Why aren’t we hearing more of this?

 

It is titled “Student Lones”:

clipped from ketchupisavegetable.com
By the way, the Washington Post article I linked to in the last post contains a incredibly good point made by the former President, an accomplishment of these Democrats that they should by shouting from the rooftops, but that they just aren’t talking about one bit: They reformed student loans.

Clinton reserves time near the end of his speeches to talk about student-loan policy change, an Obama accomplishment he says isn’t getting its due on the campaign trail. Clinton bemoans that the United States has fallen from first to ninth in the world in the percentage of adults with a four-year college degree – because too many students drop out for fear that they can’t repay their loans.

Democrats overhauled student-loan policy to cap monthly repayments at 10 percent of discretionary income – a law Clinton says Republicans want to repeal.

Why in God’s green earth isn’t every Democrat running for anything touting this marvelous accomplishment?

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