When are we going to get through our thick heads that Barak Obama is
not now, nor ever was a friend of the Working Class. Obama is not
now, nor ever was that Prince of Peace the "Winner" of the Nobel Peace
Prize.
Obama is not now, nor ever was the friend of innocent people around
the world, nor was Obama ever a proponent of free speech. In fact,
nearly everything Barak Obama campaigned on is now off his list. He
is just one more War Lord, one more Terrorist, dropping his Death
around the world, telling his lies, protecting those who are the real
killers and murderers of helpless humans. Obama would allow the
Israelis to do to Palestine what our forefathers did to those people
who lived here before us.
Personally, I would go so far as to say that Barak Obama has no
business calling himself a Black Man, as long as he allows our prisons
to be the holding pens of Blacks. At best, he is a Puppet, being
used by the Corporate Rulers. At worst he is a willing participant.
Which would entitle him to be called a Traitor.
Carl Jarvis
On 10/15/15, Miriam Vieni <miriamvieni@optonline.net> wrote:
>
> Kitroeff writes: "On a day when Democratic presidential candidates sparred
> in a national debate over who would do more to help indebted students, the
> U.S. government launched a new attack on student debtors seeking loan
> relief."
>
> President Barack Obama listens to senior Marissa Boles during a roundtable
> discussion with students currently receiving Stafford federal student loans
> at the University of Iowa in Iowa City. (photo: Chuck Kenned)
>
>
> Obama Administration Hits Back at Student Debtors Seeking Relief
> By Natalie Kitroeff, Bloomberg
> 15 October 15
>
> The U.S. government is becoming student borrowers' worst enemy.
>
> On a day when Democratic presidential candidates sparred in a national
> debate over who would do more to help indebted students, the U.S.
> government
> launched a new attack on student debtors seeking loan relief.
> On Tuesday, the Department of Education intervened in the case of Robert
> Murphy, an unemployed 65-year-old who has waged a three-year legal battle
> to
> erase his student loans in bankruptcy.
> Unlike almost every single form of consumer debt, student loans can be
> erased only in very rare circumstances. Murphy's case, which is currently
> being heard in a federal court in Boston, could make things a little easier
> for certain borrowers. A win for Murphy would relieve him of $246,500 in
> debt and could loosen the standard used to determine how desperate someone
> needs to be to qualify for relief.
> The court asked the Education Department to weigh in on the matter. In a
> document submitted to the court on Tuesday, government lawyers urged the
> federal judges not to cede any ground to borrowers who say they are in dire
> financial straits. Doing so would imperil "the fiscal stability of the loan
> program" that has existed for half a century. The Department of Education
> did not immediately respond to requests for comment.
> Murphy doesn't deserve a break just because he is 65 years old, department
> lawyers wrote. Repaying his debt loan may require "that he remain employed
> at or past normal retirement age," they said, even though "his income may
> top out or decrease" and "further employment opportunities may be limited."
> "That is part of the bargain that parents strike when they take out loans
> later in their work life," the lawyers added. Murphy took out several loans
> to send his three children to college, but he lost his job at a
> manufacturing company in 2002 and has not been able to find work since.
> No student debtor should get a break on student loans unless they can show
> a
> "certainty of hopelessness," said the government's lawyers. "[A] debtor
> must
> specifically prove a total incapacity in the future to repay the debt for
> reasons not within his control," they added. The lawyers said that the
> point
> of keeping such a stringent standard is to ensure "that bankruptcy does not
> become a convenient and expedient means of extinguishing student loan
> debt."
> The Education Department is seasoned at waging this particular battle. For
> over a decade, the department, through its lawyers, has pushed the courts
> to
> adopt the harshest standards possible when considering pleas from bankrupt
> students.
> "The general purpose of the Bankruptcy Code to give honest debtors a fresh
> start does not automatically apply to student loan debtors," the
> government's lawyers wrote.
> Filing for bankruptcy ordinarily allows debtors to wipe out what they owe
> in
> exchange for marred credit for up to 10 years. In the 1970s, Congress made
> student loans unique. To get a reprieve on education debt, federal law
> requires proof that repaying it would impose an "undue hardship."
> Lawmakers have never defined undue hardship, though, so courts have tried
> to
> work out exactly how poor Americans need to be-and for how long-in order to
> qualify for student loan forgiveness.
> The Department of Education has been successful at convincing judges to
> make
> that threshold incredibly high. A borrower now has to show that making
> payments on a loan would "strip himself of all that makes life worth
> living," according to one court. Lawyers rifle through debtors' daily
> expenses to determine whether they will be able to maintain a "minimal
> standard of living" if they are required to repay student loans. Attorneys
> arguing on behalf of the Education Department have called such things as
> retirement account contributions, fast-food dinners, cell-phone plans, and
> nutritional supplements "luxury expenses."
> The government argues that such scrutiny of a borrower's financial life is
> crucial for "protecting the solvency of the student loan program." Consumer
> advocates say the Education Department's fears are exaggerated because most
> debt that could be discharged in bankruptcy is not collectable if bankrupt
> borrowers can't pay it back.
> Murphy calculated that even if he were to find a job paying $50,000 per
> year
> and then work until he turns 77, his student debt would nonetheless balloon
> to $500,000.
> Error! Hyperlink reference not valid. Error! Hyperlink reference not
> valid.
>
> President Barack Obama listens to senior Marissa Boles during a roundtable
> discussion with students currently receiving Stafford federal student loans
> at the University of Iowa in Iowa City. (photo: Chuck Kenned)
> http://www.bloomberg.com/news/articles/2015-10-14/obama-administration-hits-
> back-at-student-debtors-seeking-reliefhttp://www.bloomberg.com/news/articles
> /2015-10-14/obama-administration-hits-back-at-student-debtors-seeking-relief
> Obama Administration Hits Back at Student Debtors Seeking Relief
> By Natalie Kitroeff, Bloomberg
> 15 October 15
> The U.S. government is becoming student borrowers' worst enemy.
> n a day when Democratic presidential candidates sparred in a national
> debate over who would do more to help indebted students, the U.S.
> government
> launched a new attack on student debtors seeking loan relief.
> On Tuesday, the Department of Education intervened in the case of Robert
> Murphy, an unemployed 65-year-old who has waged a three-year legal battle
> to
> erase his student loans in bankruptcy.
> Unlike almost every single form of consumer debt, student loans can be
> erased only in very rare circumstances. Murphy's case, which is currently
> being heard in a federal court in Boston, could make things a little easier
> for certain borrowers. A win for Murphy would relieve him of $246,500 in
> debt and could loosen the standard used to determine how desperate someone
> needs to be to qualify for relief.
> The court asked the Education Department to weigh in on the matter. In a
> document submitted to the court on Tuesday, government lawyers urged the
> federal judges not to cede any ground to borrowers who say they are in dire
> financial straits. Doing so would imperil "the fiscal stability of the loan
> program" that has existed for half a century. The Department of Education
> did not immediately respond to requests for comment.
> Murphy doesn't deserve a break just because he is 65 years old, department
> lawyers wrote. Repaying his debt loan may require "that he remain employed
> at or past normal retirement age," they said, even though "his income may
> top out or decrease" and "further employment opportunities may be limited."
> "That is part of the bargain that parents strike when they take out loans
> later in their work life," the lawyers added. Murphy took out several loans
> to send his three children to college, but he lost his job at a
> manufacturing company in 2002 and has not been able to find work since.
> No student debtor should get a break on student loans unless they can show
> a
> "certainty of hopelessness," said the government's lawyers. "[A] debtor
> must
> specifically prove a total incapacity in the future to repay the debt for
> reasons not within his control," they added. The lawyers said that the
> point
> of keeping such a stringent standard is to ensure "that bankruptcy does not
> become a convenient and expedient means of extinguishing student loan
> debt."
> The Education Department is seasoned at waging this particular battle. For
> over a decade, the department, through its lawyers, has pushed the courts
> to
> adopt the harshest standards possible when considering pleas from bankrupt
> students.
> "The general purpose of the Bankruptcy Code to give honest debtors a fresh
> start does not automatically apply to student loan debtors," the
> government's lawyers wrote.
> Filing for bankruptcy ordinarily allows debtors to wipe out what they owe
> in
> exchange for marred credit for up to 10 years. In the 1970s, Congress made
> student loans unique. To get a reprieve on education debt, federal law
> requires proof that repaying it would impose an "undue hardship."
> Lawmakers have never defined undue hardship, though, so courts have tried
> to
> work out exactly how poor Americans need to be-and for how long-in order to
> qualify for student loan forgiveness.
> The Department of Education has been successful at convincing judges to
> make
> that threshold incredibly high. A borrower now has to show that making
> payments on a loan would "strip himself of all that makes life worth
> living," according to one court. Lawyers rifle through debtors' daily
> expenses to determine whether they will be able to maintain a "minimal
> standard of living" if they are required to repay student loans. Attorneys
> arguing on behalf of the Education Department have called such things as
> retirement account contributions, fast-food dinners, cell-phone plans, and
> nutritional supplements "luxury expenses."
> The government argues that such scrutiny of a borrower's financial life is
> crucial for "protecting the solvency of the student loan program." Consumer
> advocates say the Education Department's fears are exaggerated because most
> debt that could be discharged in bankruptcy is not collectable if bankrupt
> borrowers can't pay it back.
> Murphy calculated that even if he were to find a job paying $50,000 per
> year
> and then work until he turns 77, his student debt would nonetheless balloon
> to $500,000.
> http://e-max.it/posizionamento-siti-web/socialize
> http://e-max.it/posizionamento-siti-web/socialize
>
>
>
No comments:
Post a Comment