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Obama to Throw Gas on Fiscal Fire of Student Loan Debt Crisis |
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By Jeffrey Klein
This morning on the Fox and Friends television news show, anchors Steve Doocy and Brian Kilmead interviewed Secretary of Education, Arne Duncan. The subject was the steep continuous increase of College tuition costs across America.
It was an obvious segue from President Obama's State of the Union Speech, wherein he called for [no specific] action by these institutions to decrease their costs (sic) [pricing], or risk losing federal funding.
Duncan's answers during the interview, and a subsequent review of his bio, reveals that just like his boss, although a Harvard grad (majored in Sociology), he does not have a scintilla of good sense when it comes to applied economics and business.
But, even more dangerous to the fiscal health of our country and it's economic recovery, he is ready to enact Obama's student loan [balance] write-down [forgiveness] idea, which is nothing more than a thinly-veiled "college student vote buying mechanism"--where he would once again use taxpayer dollars like campaign money".
To read this story, please visit The Examiner
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Proposal allows firing workers over tax liens |
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From The Columbus Dispatch:
" A recent IRS report showing that current and retired federal employees
owe more than $3.4 billion in income taxes is fueling a drive on Capitol
Hill to fire and prohibit hiring the tax delinquents on Uncle Sam’s
payroll."
To read this story, please visit The Columbus Dispatch
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S&P downgrades ratings of 9 euro zone countries |
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From The Jerusalem Post
"France suffers 1-notch downgrade; Portugal,
Italy, Spain, Cyprus drop 2 notches by Standard & Poor's rating agency;
most countries reviewed have "negative outlook", could be downgraded again in
future."
To read this story, please visit The
Jerusalem Post
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Fed’s Evans Says Jobless Rate May Rise |
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From Bloomberg:
"Federal Reserve Bank of Chicago President Charles Evans
said the drop in the unemployment rateto 8.5 percent may be partially reversed
in coming months. "
To read this story, please visit Bloomberg
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Senators warn new EPA rules would raise gas prices |
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From Fox News:
"Senators from both sides of the aisle are warning
that looming EPA regulations on gasoline could impose billions of
dollars in additional costs on the industry and
end up adding up to
25 cents to every gallon of gas.
To read this story, please visit
Fox News
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