What’s the Matter With Obama Supporters??
Do they not know…or just not care about the truth?
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Student Loans: The Government Is Now Officially in the Banking Business
Tuesday 30 March 2010
by: Ellen Brown
hat tip: t r u t h o u t
(Photo: Julio Ibarra Photographer; Edited: Jared Rodriguez / t r u t h o u t)
“We say in our platform that we believe that the right to coin money and issue money is a function of government…. Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson … and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business.”
- William Jennings Bryan, Democratic Convention, 1896
William Jennings Bryan would have been pleased. The government is now officially in the banking business. On March 30, 2010, President Obama signed the reconciliation “fix” to the health care reform bill passed by Congress last week, which includes student loan legislation called by the President “one of the most significant investments in higher education since the G.I. Bill.” Under the Student Aid and Fiscal Responsibility Act (SAFRA), the federal government will lend directly to students, ending billions of dollars in wasteful subsidies to firms providing student loans. The bill will save an estimated $68 billion over 11 years.
Money for the program will come from the US Treasury, which will lend it to the Education Department at 2.8 percent interest. The money will then be lent to students at 6.8 percent interest. Eliminating the middlemen allows the Education Department to keep its 4 percent spread as profit, money that will be used to help impoverished students. If the Department were to actually set up its own bank, on the model of the Green Bank being proposed in the Energy Bill, it could generate even more money for higher education.
Why The Real Nature of Politics Is So Important
By Adam de Angeli
Hat tip: Campaign for Liberty
Published 03/26/10
An enormous body of new activists and groups with the moniker “Tea Party” have mobilized since the Obama administration took power. While the “tea party” meme originated from the $6 million money bomb phenomenon of Ron Paul’s grassroots, the “Tea Party movement” is a beast of its own. It was popularized by Fox News coverage, and—surprise!—is now largely infiltrated by GOP-affiliated groups.
If the victories in 2010 are for the GOP alone, the movement will have lost. One need only look to the origin of the problem: big-government Republicans drove the grassroots into apathy. Conservatives couldn’t get excited for the once-pro-choice governor of Massachusetts, Mitt Romney, who signed a state-level version of ObamaCare into law, or the gun-grabbing John McCain. They stayed home. They didn’t vote, they didn’t mobilize, and they handed the election over to Obama and the Democrats.
That would be a tragedy, except the Republicans needed to learn a lesson.
If a GOP sweep in 2010 means a new breed of John McCains, Mitt Romneys, and Lindsey Grahams in office, we will be back where we started. We will be worse off, not better. Congress will still be over-run with statists spending us into oblivion, but, just as in 2005, there will be no serious opposition from the Right. There will be nowhere to go, but to wait for the Democrats to return to power. And the cycle will go on. And on, and on, until there is no money left to spend.
This is why the Tea Party movement cannot, must not, be herded into the “any Republican over any Democrat” mentality.
Mass school closures approved in Kansas City, Mo.
AP – The Kansas City Board of Education building.
Heather Hollingsworth, Associated Press Writer
KANSAS CITY, Mo. – Facing potential bankruptcy, the board that governs the once flush-with-cash Kansas City school district is taking the unusual and contentious step of shuttering almost half its schools.
Administrators say the closures are necessary to keep the district from plowing through what little is left of the $2 billion it received as part of a groundbreaking desegregation case. The Kansas City school board narrowly approved the plan to close 29 out of 61 schools Wednesday night at a meeting packed with angry parents. The schools will close before the fall.
Although other districts nationwide are considering closures as the recession ravages their budgets, Kansas City’s plan is striking. In rapidly shrinking Detroit, 29 schools closed before classes began this fall, but that still left the district with 172 schools. Most other districts are closing just one or two schools.
Emotional board member Duane Kelly told the crowd of more than 200 people Wednesday night, “This is the most painful vote I have ever cast” in 10 years on the board. Some chanted for the removal of the superintendent, while one woman asked the crowd, “Is anyone else ready to homeschool their children?”
Kansas City Councilwoman Sharon Sanders Brooks said the closure plan had prompted some housing developers to consider backing out of projects.
“The urban core has suffered white flight post-the 1954 U.S. Supreme Court decision Brown v. the Board of Education, blockbusting by the real estate industry, redlining by banks and other financial institutions, retail and grocery store abandonment,” Brooks said to applause from the standing-room-only crowd.
My Plan for a Freedom President
How I would put the Constitution back in the Oval Office
by Ron Paul
hat tip: Lew Rockwell
March 5, 2010
Since my 2008 campaign for the presidency I have often been asked, “How would a constitutionalist president go about dismantling the welfare-warfare state and restoring a constitutional republic?” This is a very important question, because without a clear road map and set of priorities, such a president runs the risk of having his pro-freedom agenda stymied by the various vested interests that benefit from big government.
Of course, just as the welfare-warfare state was not constructed in 100 days, it could not be dismantled in the first 100 days of any presidency. While our goal is to reduce the size of the state as quickly as possible, we should always make sure our immediate proposals minimize social disruption and human suffering. Thus, we should not seek to abolish the social safety net overnight because that would harm those who have grown dependent on government-provided welfare. Instead, we would want to give individuals who have come to rely on the state time to prepare for the day when responsibility for providing aide is returned to those organizations best able to administer compassionate and effective help – churches and private charities.
Now, this need for a transition period does not apply to all types of welfare. For example, I would have no problem defunding corporate welfare programs, such as the Export-Import Bank or the TARP bank bailouts, right away. I find it difficult to muster much sympathy for the CEO’s of Lockheed Martin and Goldman Sachs.
The Eighth Grade education of our grandparents
hat tip: a friend’s email.
Remember when grandparents and great-grandparents stated that they only had an 8th grade education?
Could any of us have passed the 8th grade in 1895?
This is the eighth-grade final exam from 1895 in Salina , Kansas. It was taken from the original document on file at the Smokey Valley Genealogical Society and Library in Salina , and reprinted by the Salina Journal.
8th Grade Final Exam: Salina , KS – 1895
Grammar (Time, one hour)
1. Give nine rules for the use of capital letters.
2. Name the parts of speech and define those that have no modifications.
3. Define verse, stanza and paragraph.
4. What are the principal parts of a verb? Give principal parts of ‘lie,”play,’ and ‘run.’
5. Define case; illustrate each case.
6 What is punctuation? Give rules for principal marks of punctuation.
7 – 10. Write a composition of about 150 words and show therein that you understand the practical use of the rules of grammar.
Arithmetic (Time,1 hour 15 minutes)
1. Name and define the Fundamental Rules of Arithmetic.
2. A wagon box is 2 ft. Deep, 10 feet long, and 3 ft. wide. How many bushels of wheat will it hold?
3. If a load of wheat weighs 3,942 lbs., what is it worth at 50cts/bushel, deducting 1,050 lbs. For tare?
4. District No 33 has a valuation of $35,000. What is the necessary levy to carry on a school seven months at $50 per month, and have $104 for incidentals?
5. Find the cost of 6,720 lbs. Coal at $6.00 per ton.
6. Find the interest of $512.60 for 8 months and 18 days at 7 percent.
7. What is the cost of 40 boards 12 inches wide and 16 ft.. Long at $20 per metre?
8. Find bank discount on $300 for 90 days (no grace) at 10 percent.
9. What is the cost of a square farm at $15 per acre, the distance of which is 640 rods?
10. Write a Bank Check, a Promissory Note, and a Receipt.
FOX Demonizes ‘the Bubba Effect’: But Who’s Bubba?
Hat tip: Brasscheck
Beck warms against “Bubba”
It’s hard to tell what Fox is up to now.
The “news” network was completely happy to provide daily – make that hourly – support to the first full blown American tyranny (Bush/Cheney & Co.)
Now they’re devoting regular air time to spinning doomsday scenarios that involve the federal government morphing into a full blown tyranny including the military shooting at US civilians.
“Bubba” is being painted at the source of the potential problem.
So…who is “Bubba?”
According to Glenn Beck, Bubba is rural man who is:
* self-reliant down to making his own bio-fuel
* uses the Internet to educate himself and communicate with other “Bubbas”
* reads, believes in and is willing to defend the Constitution
* owns guns and is prepared to use them if provoked
* is community minded and does not trust the federal government
That sounds like a good American who has his head screwed on right to me.
So…Where Are We Fighting Exactly?
Many Americans will soon realize we do not know everything about this world in which we live…
You hear the news, but do you have any idea WHERE they are talking about?
Click on the “learn more” link below. Once you are there, drag the country’s name onto the map where you think it belongs. There is no score nor time limit, but rather this exercise is a learning tool.
Don’t be afraid to make an error; and once you finish the puzzle, you will be far more educated about this very intense part of our world.
Tiberi Finds Our Somali Population Problematic?
Tiberi showed tremendous insensitivity to a significant portion of his constituency in the October 13th debate, saying “To hold the same standard for my daughter growing up in American household and an illiterate coming from another country like Somalia…is a little bit problematic.”
That may be, but I bet there are 50,000 Somalis that can read more than well enough to cast their vote for someone other than Pat Tiberi.
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