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Obama Wants To Harass Deadbeat Students

From an unfazed Associated Press:

Obama seeks debt collector proposal

By DAVID ESPO – AP Special Correspondent
October 4, 2011

WASHINGTON (AP) — To the dismay of consumer groups and the discomfort of Democrats, President Barack Obama wants Congress to make it easier for private debt collectors to call the cellphones of consumers delinquent on student loans and other billions owed the federal government.

Who is going to break this news to the college kids who have been camped out down on Wall Street for more than two weeks? Many of whom are protesting having to pay back their student loans.

And make no mistake, this is all about tracking down and harassing deadbeat college students, as we will see at the end of the article.

The change "is expected to provide substantial increases in collections, particularly as an increasing share of households no longer have landlines and rely instead on cellphones," the administration wrote recently. The little-noticed recommendation would apply only to cases in which money is owed the government, and is tucked into the mammoth $3 trillion deficit-reduction plan the president submitted to Congress

This has nothing to do with deficit and everything to do with Mr. Obama’s re-election campaign. Obama wants to do everything he can to  bring in more money to the government, which he can use to buy votes for his re-election. This is a push for more ‘walking around money.’

After all, how is Obama going to be able to hand out tens of billions of dollars to his cronies and their ‘green scams’ if these damn deadbeats won’t pay off what they owe the government?

Whatever the impact on the budget deficit, the proposal has aligned the White House with the private debt collection industry — frequently the subject of consumer complaints — at a time when the economy is weak, unemployment is high and Obama is embarking on his campaign for re-election.

Don’t worry. This article will be the first and last time this proposal is ever mentioned by our media watchdogs.

Democrats in Congress who frequently support the president, including Senate Majority Leader Harry Reid of Nevada and House Democratic leader Nancy Pelosi of California, declined through aides to say whether they favor or oppose the plan.

Hilarious. Of course Democrats can never actually say what they want to do, or they would never be elected.

Nor was there any reaction from two other members of the party’s leadership in the Senate, Sens. Dick Durbin of Illinois and Chuck Schumer of New York. Both men frequently take the side of consumers in legislative struggles

Tell that to the customers at the Bank Of America. Or anyone who uses a debit card.

Several aides, speaking on condition of anonymity so they could talk freely, said Democrats do not want to oppose the president but are unable to support the request

At least until after the elections.

According to a report by the Treasury Department’s Financial Management Service, the Education and the Health and Human Services departments as well as FMS itself referred debts totaling $35.9 billion to private debt collectors in the 2010 fiscal year.

The Education Department accounted for the largest share by far — $28.8 billion referred to 22 private debt collection companies. The firms collected $685 million outright, and another $1.7 billion was recast into agreements that are designed to be paid monthly, according to the report

Maybe this is what happens when you put the government in charge of the student loan program. As Mr. Obama did, in one of his first acts as President.

This article was posted by Steve on Tuesday, October 4th, 2011. Comments are currently closed.

8 Responses to “Obama Wants To Harass Deadbeat Students”

  1. Mithrandir says:

    Isn’t it strange, that the socialists that run amok on our universities, burden their mainly Democrat voting base, with such ridiculous debt? –while they live in the lap of luxury with all kinds of perks and yearly pay increases? They are really ‘living simply, so others can simply live’ aren’t they?

    And who will be the 1st to make the link that now that the gov’t has taken control of student loans, you will now be harassed in every gov’t function (and private) you participate in? taxes, driver’s license, occupational licenses, job applications….everything! “Looks like we are going to suspend your license until you pay the gov’t.” —how am I supposed to get to work? “That’s your problem buddy, pay up!”

  2. untrainable says:

    Isn’t it amazing that people are protesting the banks for giving them money that they couldn’t possibly pay back, and now the machine behind the demonstrations is focusing it’s attention on the demonstrators for taking loans that they couldn’t possibly pay back (because they don’t have jobs…)
    I can give Obie a heads up on collections from deadbeat students. There are a bunch of them gathered down on Wall Street listening to the sweet sounds of liberal revolution, picking nits, and braiding their armpits.

    Barry should be careful though. He’s shooting himself in the foot harrassing any denomination of deadbeats. They’re his most loyal fans. I think they call them “The Base”.

  3. proreason says:

    Let the kids do what Obamy did. Get somebody else to pay off his student loans.

  4. Anonymoose says:

    Go for it Obama, and lose even more of your base. Just like all those people with half million dollar mortgages they don’t have the money.

    They say that the next big economic crash will be the student loan debt, and I believe it. You can’t get out of them from bankruptcy, you can’t do anything.

    A lot of us who went to college took it on to get a job. The premise is you’ll pay a lot to get a great paying job, the reality is you need a degree for almost any job today.

    I’ve been paying on mine for 15 years; most of it interest. I finally am seeing a day when they will be gone, but I will be in my fifties. I can’t put into words what a boat anchor those loans have been; where I’ve had to turn down jobs because they didn’t pay enough, or put off buying a car until the old one is falling apart, to buy a used one again. Would I have done this knowing what lay ahead? NO!

    The thing is, I owe only about a quarter what the current students have on their debt. $100,000 or even $200,000 used to be what you owed for an Ivy League education as a lawyer or a doctor. Today kids are getting that far in debt for an engineering degree—with interest payments of $1,600 a month how long do you think that’ll last?

  5. bousquem says:

    I remember about 3 years or so ago when I was finishing up college hearing some underclassmen complaining how the school would not let them take out more student loans than was needed to cover the room/board, tuition, and books. One kid said his older brother took out enough in student loans to buy a new car and fund his trips to mexico and florida for spring break by taking out student loans and pocketing the extra money because that was the only way he could get a loan and the rates were cheaper than going to the bank with piss poor credit.

  6. sticks says:

    Is Obama really serious about this? I tend to believe he’s just trying to con the “independents” into thinking he actually cares about debt monster he has created. If he does go through with it I have to give him credit for being even more loopy than I thought, going after his own base.

  7. Tater Salad says:

    After “digging” real hard, we have found out just what the Wall Street protesters want from society and their government…………….I think!


    • sticks says:

      Amazing, these people are so brain washed, after Obama sicks the dogs on them he will tell them “it’s all Bushes fault” and they will believe him and vote for him.

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