Student Loans #2

Goodbye $350 million: Associated Press. Monday, June 15, 2009. The federal government will spend up to $350 million to help states developing national standards for reading and math, Education Secretary Arne Duncan announced Sunday. Translation: An additional $350 million will go to “consultants”, lobbyists, union leaders, Congressional Aides, campaign contributors and create “no-show payback” jobs.
AP (6/13/09) Obama announced the U.S. will give $73-90 million to Zimbabwe as a “gesture of support”. It is expected 40-90% will go for lobbyists, campaign contributions, favored NGOs, Congressional Aides, administrative “overhead”, consultants and the usual other fees and expenses. The “gesture of support” is for the efforts of the lobbyists, Congress and campaign contributors in the U.S. and the continuing “human rights” violations in Zimbabwe.

WSJ (6/4/09) Congressmen/women get $1.5-4.5 million just to run their offices (despite the fact they get “free” offices in Washington, DC). In addition they get “free” luxury cars, credit cards, flowers, expensive meals, vacations, etc. for their relatives, friends and contributors. In addition they give “bonuses” to their aides, assistants and other random people. This is not audited and Congress refuses to make the information public. It is estimated the average Congressman/woman costs the taxpayer $15-$60 million per year.

WT (6/12/09) Obama fired the Inspector General for the Corporation for National and Community Service. He was looking into stealing and illegal use of taxpayer money involving Obama’s buddy, Kevin Johnson, the Mayor of Sacramento, California.

June 17, 2009. Obama spoke before Congress promising to stop consumer rip-offs, thefts, scams, etc., including student loans. (Congress laughed.)

June 18, 2009, U.S. Senators trying to find out why Neil Barofsky, I.G. appointed to investigate the $700 billion “bailout”, is denied access to information by the Sec. Treasury and threatened to “keep away” from Goldman Sachs, major banks and Wall Street pals of Obama and the current administration.

What does all this mean?
It means that corruption, waste and fraud permeates every function and every level of the U.S. government. It is well known and documented that colleges, banks, Wall Street firms, Congress, lobbyists and other sleazy entities conspire to take money from the ignorant foolish students and their families.

A recent estimate is that the average graduating college student owes in excess of $27,000 in student loans and will be in debt for their entire lives.

Education is treated by our elected and appointed officials as a source graft and corruption. Student costs are vastly inflated due to theft, kickbacks, bribes to Congress, lobbyist costs and a vast variety of “scams”.

According to Karen (Karen is a consultant and participant of CACTUSA) students can justify sending the “bills” for student loan payments to their Congressperson. Karen also advises students use the money to create their own retirement plan as Social Security will probably not exist by the time they are ready to retire. Karen believes there is ample evidence that most student loans were fraudulently originated.

Bottom line: Education costs are inflated. Many student loans are not justified. Send you bills, payment documents to your elected officials. Use saved money to start a retirement plan because relying on government is not a good idea.

Have a nice day.