Category Archives: Vintage

Watch John Oliver Explain the Insanity of Our Prison System With Puppets

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

The United States imprisons too many people for too long for too many things. As John Oliver summed it up last night, “We are doing a terrible job taking care of people that it is very easy for all of us not to care about.”

Oliver outlines a few of the prison system’s flagrant injustices:

African Americans are sent to prison for drug offenses at 10 times the rate of white people, despite similar levels of drug use.
Solitary confinement, which Mother Jones has covered extensively, is “one of the most mentally excruciating things prisoners can be subjected to.” Yet when a senator asked the director of the Federal Bureau of Prisons about the size of the average isolation cell during a Senate Judiciary Committee hearing this past February, the prison official had no idea, stalling awkwardly before making a wildly incorrect guess.
One in 25 prison inmates reported being sexually victimized in the past year, yet prison rape is culturally-acceptable joke material that crops up in pop culture regularly: from SpongeBob to Friends to Puss in Boots.
In an effort to cut costs, many states outsource food, health care, and even prison operations to private contractors. These cost-saving techniques have lead to maggot-infested food in Michigan prisons and 50 inmates dying in one 8-month stretch in Arizona.
Prisoner rehabilitation isn’t exactly the system’s focal point: Publicly-traded private prison giant Corporate Corrections of America (CCA) actually touted “high recidivism” as a reason private prisons are a “unique investment opportunity.”

He closes the segment by recapping the horrors of the US prison system with mock Sesame Street puppets: The PBS show has recently made efforts to reach out to the 1 in 28 US children growing up with a parent behind bars.

The segment’s bottom line: Prisoners are not treated humanely in the United States. They’re viewed as a nuisance, a problem to be tucked away in a cell and never thought of again. But when nearly 1 in 100 American adults is behind bars, our broken system of mass incarceration is a human rights abuse that should not be ignored.

Link – 

Watch John Oliver Explain the Insanity of Our Prison System With Puppets

Posted in Anchor, FF, GE, LAI, LG, ONA, Radius, Uncategorized, Venta, Vintage | Tagged , , , , , , , , | Comments Off on Watch John Oliver Explain the Insanity of Our Prison System With Puppets

Here’s Why Wall Street Reform Is Still in Limbo

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Four years ago today, with a who’s who of congressional Democrats standing over his shoulder, President Barack Obama signed into law the Dodd–Frank Wall Street Reform and Consumer Protection Act, hailing it as the answer to preventing future financial meltdowns. “For years,” the president said at the signing ceremony, “our financial sector was governed by antiquated and poorly enforced rules that allowed some to game the system and take risks that endangered the entire economy.”

But, years later, much of Dodd-Frank has not been implemented and the risks to the economy remain. According to law firm Davis Polk, which has been tracking the law, just 52 percent of the rules mandated by Dodd-Frank have been finalized by federal regulators. Another 23 percent have been proposed but not yet ironed out, and regulators haven’t even gotten around to crafting 96 required rules—24 percent of the total bill.

Much of Dodd-Frank remains to be implemented Davis Polk

Former Massachusetts congressman Barney Frank, co-author of the law, isn’t too concerned with the slow rollout. “Not all rules are equal, in the first place,” he said. “In fact, the rules are being steadily approved. And it’s also the case that the financial institutions are abiding by some of those rules in principle even before they’re adopted, because if you’re a large financial institution you’re not going to try to take advantage of a little bit of a delay and then have to stop things when it happens.”

Continue Reading »

Continue at source: 

Here’s Why Wall Street Reform Is Still in Limbo

Posted in Anchor, Citizen, FF, GE, LAI, LG, ONA, Radius, Uncategorized, Venta, Vintage | Tagged , , , , , , , | Comments Off on Here’s Why Wall Street Reform Is Still in Limbo

Do We Need More Business Folks In Congress?

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Ed Kilgore points to a new Gallup poll that asks what kind of people you’d like to see in Congress:

So is this a vote for more business experience? Or even—shudder—a retroactive yearning for Mitt Romney? Like Kilgore, I’m skeptical. At a guess, people who answered the question about business experience were implicitly contrasting it with lawyers or career politicians, and that’s a rigged deck. Of course business leaders will come out ahead compared to those two despised professions.

Which makes it too bad that Gallup screwed up this question. Instead of throwing out a kitchen sink of qualities (occupation, religion, ideology, etc.) they should have asked specifically about a list of occupations. Do you think the country would be better governed if our legislatures had more:

Business folks
Teachers
Lawyers
Doctors
Retired people
Military leaders
Scientists
Etc.

That would be kind of an interesting poll. Personally, I’d vote for more kindergarten teachers. I suspect that’s a pretty appropriate background for serving a few years in Congress.

View original post here:

Do We Need More Business Folks In Congress?

Posted in FF, GE, LG, ONA, Uncategorized, Venta, Vintage | Tagged , , , , , , , , , | Comments Off on Do We Need More Business Folks In Congress?

Rand Paul Flubs the Facts on the Minimum Wage

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Sen. Rand Paul (R-Ky.) says the minimum wage, like Trix, is for kids. Speaking in San Francisco over the weekend, the likely 2016 presidential candidate took issue with the president and first lady over an interview they gave to Parade, in which the Obamas suggested their daughters should work minimum wage jobs because “that’s what most folks go through every single day.” It was a fairly innocuous comment. But Paul argued it sent the wrong message. Per Politico:

Speaking at a downtown conference for libertarian and conservative technology types, the Kentucky Republican and prospective 2016 White House contender said he had an “opposite” view from the Obamas when it comes to seeing his own sons work delivering pizzas and at call centers.

“The minimum wage is a temporary” thing, Paul said. “It’s a chance to get started. I see my son come home with his tips. And he’s got cash in his hand and he’s proud of himself. I don’t want him to stop there. But he’s working and he’s understanding the value of work. We shouldn’t disparage that.”

Paul, a libertarian, was echoing the argument made by those who oppose raising the minimum wage: That those jobs are largely filled by young adults just entering the job market—people who are taking these low-paying positions before moving on to the better-paying jobs—so it’s no big deal if the compensation is at the bottom end of the scale. A low wage might even be beneficial, by providing an incentive to get to the next level. But this is not supported by the facts. Only a quarter of minimum wage workers are teenagers, according to the Bureau of Labor Statistics. Nearly half of minimum wage earners are over 25, and 585,000 (18 percent) are over 45. These aren’t kids just learning the value of the buck; they’re adults who need income to support themselves and their families. As Mother Jones has reported previously, the current minimum wage doesn’t come close to doing that. Just take a spin on our living-wage calculator.

If Paul truly believes a low wage is “temporary” for most minimum-wage workers, perhaps he should take the Obamas’ advice for their daughters and spend some time working in a fast-food joint.

Read original article:  

Rand Paul Flubs the Facts on the Minimum Wage

Posted in Anchor, FF, GE, LAI, LG, ONA, Radius, Uncategorized, Venta, Vintage | Tagged , , , , , , , , , , , | Comments Off on Rand Paul Flubs the Facts on the Minimum Wage

Watch: Massachusetts Gov. Deval Patrick’s Emotional Speech on Child Migrants

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>


70,000 Kids Will Show Up Alone at Our Border This Year. What Happens to Them?


Map: These Are the Places Central American Child Migrants Are Fleeing


Why Our Immigration Courts Can’t Handle the Child Migrant Crisis


Are the Kids Showing Up at the Border Really Refugees?


Child Migrants Have Been Coming to America Alone Since Ellis Island

On Friday, Massachusetts Gov. Deval Patrick announced a plan for his state to temporarily shelter up to 1,000 unaccompanied children who have recently fled to the United States as part of the ongoing border crisis. He cited America’s history of giving “sanctuary to desperate children for centuries,” the “blight on our national reputation” when we refused to accept Jewish children fleeing the Nazis in 1939, and his Christian faith as reasons for the decision. “My faith teaches,” he said, fighting back tears, “that if a stranger dwells with you in your land, you shall not mistreat him but rather love him as yourself.” The Joint Base Cape Cod and Westover Air Base are the two facilities being considered as possible locations.

Notably, Patrick has said “maybe” to a 2016 run for president.

See original article here – 

Watch: Massachusetts Gov. Deval Patrick’s Emotional Speech on Child Migrants

Posted in alo, Anchor, FF, GE, LAI, LG, ONA, Radius, Uncategorized, Venta, Vintage | Tagged , , , , , , , , | Comments Off on Watch: Massachusetts Gov. Deval Patrick’s Emotional Speech on Child Migrants

If the Left Wants Scapegoats, Just Look in the Mirror

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Thomas Frank is convinced that Barack Obama single-handedly prevented America from becoming the lefty paradise it was on course for after the financial meltdown of 2008:

The Obama team, as the president once announced to a delegation of investment bankers, was “the only thing between you and the pitchforks,” and in retrospect these words seem not only to have been a correct assessment of the situation at the moment but a credo for his entire term in office. For my money, they should be carved in stone over the entrance to his monument: Barack Obama as the one-man rescue squad for an economic order that had aroused the fury of the world. Better: Obama as the awesomely talented doctor who kept the corpse of a dead philosophy lumbering along despite it all.

….In point of fact, there were plenty of things Obama’s Democrats could have done that might have put the right out of business once and for all—for example, by responding more aggressively to the Great Recession or by pounding relentlessly on the theme of middle-class economic distress. Acknowledging this possibility, however, has always been difficult for consensus-minded Democrats, and I suspect that in the official recounting of the Obama era, this troublesome possibility will disappear entirely. Instead, the terrifying Right-Wing Other will be cast in bronze at twice life-size, and made the excuse for the Administration’s every last failure of nerve, imagination and foresight. Demonizing the right will also allow the Obama legacy team to present his two electoral victories as ends in themselves, since they kept the White House out of the monster’s grasp—heroic triumphs that were truly worthy of the Nobel Peace Prize. (Which will be dusted off and prominently displayed.)

I see this kind of thing all the time on the right. If only we had a candidate who refused to sell out conservative values! A candidate who could truly make the American public understand! Then we’d win in a landslide!

It’s easy to recognize this as delusional. Tea party types are always convinced that America is thirsting for true conservatism, and all that’s needed is a latter-day Ronald Reagan to be its salesman. Needless to say, this misses the point that Americans aren’t all reactionaries. In fact, as the embarrassing clown shows of the past two GOP primaries have shown, even most Republicans aren’t reactionaries. There’s been no shortage of honest-to-God right wingers to choose from, but they can’t even win the nomination, let alone a general election.

(Of course you never know. Maybe 2016 is the year!)

But if it’s so easy to see this conservative delusion for what it is, why isn’t it equally easy to recognize the same brand of liberal delusion? Back in 2009, was Obama really the only thing that stood between bankers and the howling mob? Don’t be silly. Americans were barely even upset, let alone ready for revolution. Those pathetic demonstrations outside the headquarters of AIG were about a hundredth the size that even a half-ass political organization can muster for a routine anti-abortion rally. After a few days the AIG protestors got bored and went home without so much as throwing a few bottles at cops. Even the Greeks managed that much.

Why were Americans so obviously not enraged? Because—duh—the hated neoliberal system worked. We didn’t have a second Great Depression. The Fed intervened, the banking system was saved, and a stimulus bill was passed. Did bankers get treated too well? Oh yes indeed. Was the stimulus too small? You bet. Nevertheless, was America saved from an epic collapse? It sure was. Instead of a massive meltdown, we got a really bad recession and a weak recovery, and even that was cushioned by a safety net that, although inadequate, was more than enough to keep the pitchforks off the streets.

As for Obama, could he have done more? I suppose he probably could have, but it’s a close call. Even with his earnest efforts at bipartisanship at the beginning of his presidency, he only barely passed any stimulus at all. If instead he’d issued thundering populist manifestos, even Susan Collins would have turned against him and the stimulus bill would have been not too small, but completely dead. Ditto for virtually everything else Obama managed to pass by one or two votes during his first 18 months. If that had happened, the economy would have done even worse, and if you somehow think this means the public would have become more sympathetic to the party in the White House, then your knowledge of American politics is at about the kindergarten level. Democrats would have lost even more seats in 2010 than they did.

Look: Obama made some mistakes. He should have done more about housing. He shouldn’t have pivoted to deficit-mongering so quickly. Maybe he could have kept a public option in Obamacare if he’d fought harder for it. Maybe, maybe, maybe. But probably not. Like it or not, America was not poised for a huge liberal wave in 2008. It just wasn’t. It was poised for a fairly routine cycle of throwing out the old bums and electing new bums, who would, as usual, be given a very short and very limited honeymoon. Democrats actually accomplished a fair amount during that honeymoon, but no, they didn’t turn American into a lefty paradise. That was never in the cards.

All of us who do what Thomas Frank does—what I do—have failed. Our goal was to persuade the public to move in a liberal direction, and that didn’t happen. In the end, we didn’t persuade much of anyone. It’s natural to want to avoid facing that humiliating truth, and equally natural to look for someone else to blame instead. That’s human nature. So fine. Blame Obama if it makes you feel better. That’s what we elect presidents for: to take the blame.

But he only deserves his share. The rest of us, who were unable to take advantage of an epic financial collapse to get the public firmly in favor of pitchforks and universal health care, deserve most of it. The mirror doesn’t lie.

More: 

If the Left Wants Scapegoats, Just Look in the Mirror

Posted in alo, Anker, FF, GE, LG, ONA, Paradise, Uncategorized, Venta, Vintage | Tagged , , , , , , , | Comments Off on If the Left Wants Scapegoats, Just Look in the Mirror

Fighting in Gaza Bad for Mankind, Great for Right-Wing Website

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Israel’s ground offensive into Gaza, which began last Thursday after a week of air strikes, has come with a heavy price: 20 Israelis and 445 Palestinians have now died since the conflict flared up two weeks ago. But at least one group is happy about the news—WorldNetDaily, the far-right website, which reports, in a story titled “Hamas Rockets Boon to Israel Tour,” that the ground offensive has been good for business:

WASHINGTON – During the week Hamas fired thousands of rockets on Israel, interest in WND’s Israel tour with Joseph Farah and Jonathan Cahn spiked, with 68 signups in seven days, the most in a one-week period since registration began in February, WND announced.

“I thought news of thousands of rockets raining down on Israel would be a deterrent to Americans who were thinking about joining us on WND’s Israel tour,” said Farah. “It wasn’t at all. In fact, it seems like Americans are eager to show solidarity with the Jewish state at this time.”

The second annual tour is on pace to match last year’s size, with nearly 400 participants, most originating in the U.S.

Congrats, guys.

View original: 

Fighting in Gaza Bad for Mankind, Great for Right-Wing Website

Posted in Anchor, FF, GE, LAI, LG, ONA, Radius, Uncategorized, Venta, Vintage | Tagged , , , , , , , , , , | Comments Off on Fighting in Gaza Bad for Mankind, Great for Right-Wing Website

Inside the AIDS Conference Reeling From Losses Aboard MH17

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

As news broke last Thursday that Malaysia Airlines Flight 17 was shot down over separatist-controlled eastern Ukraine, it quickly became known that top-level AIDS researchers and activists were among the dead. Initially it was reported as 100 or more, but that number has now been debunked. At least six are confirmed dead, including the celebrated Dutch AIDS researcher Dr. Joep Lange, 59, who was en route to the world’s largest AIDS conference, held this year in Melbourne, Australia. All 298 people on board the flight from Amsterdam to Kuala Lumpur were killed.

Sunday night’s opening ceremony of the 20th International AIDS Conference, a biennial gathering run by the International Aids Society (IAS), was used to pay tribute to the six colleagues, who were honored as some of the brightest minds in the field of HIV research and activism.

“I think it was a touching opening ceremony,” Craig McClure, UNICEF’s top HIV/AIDS advocate told me. “I think for most of us, we’re sill in a state of shock.”

McClure was close friends with Dr. Lange, a former IAS president and world-renowned professor of medicine in Amsterdam, as well as Lange’s partner, Jacqueline van Tongeren, who worked at the Amsterdam Institute for Global Health and Development. Both were killed in the attack.

“Joep was really a giant in HIV research,” McClure said. Lange “changed the face of the epidemic”, he said, through his pioneering early work on combination antiretroviral trials that led to a crucial, and hard-won, advancement in the fight against AIDS. Antiretroviral therapy consists of the combination of at least three drugs that act in concert to suppress the HIV virus, slowing its replication in a patient’s body. Deployed in the mid-1990s, this treatment allowed an HIV diagnosis to be viewed as something other than an automatic death sentence.

“His contribution there in the early years was phenomenal,” a clearly emotional McClure told me when I reached him by phone as the conference’s formal schedule kicked off earlier today (Australian time). “But he was also very involved in the early years of work on prevention of mother-to-child transmission, and the role antiretrovirals play there, and pediatric treatment.”

“But he didn’t stop there,” McClure said. Lange would have continued to play a major role in going “that final mile” to end the epidemic in the next decade or so, he said, highlighting Lange’s energetic ability to work across varying fields of policy, medicine, and politics to hammer out responses to the spread of the disease, especially in poor countries.

McClure himself was appointed Executive Director of the International Aids Society in 2004 by Lange when he was president of the organization. “We were very, very close friends,” he said. Of Lange’s partner Jacqueline van Tongeren, McClure added, “They were very much in love. She was as dedicated to the HIV response as he was. It’s a very personal loss.”

Early reports that around 100 delegates were lost aboard MH17—repeated by President Obama on Friday—now appear to have been wrong. IAS has confirmed the names of six advocates who had been scheduled to attend the conference, but said that the number may increase with new information.

“The number that we have confirmed through our contacts with authorities in Australia, in Malaysia, and Dutch authorities as well, is six people,” said IAS president Françoise Barré-Sinoussi. “It may be a little bit more, but not the numbers that have been announced.”

In addition to Lange and van Tongeren, IAS confirmed the deaths of Pim de Kuijer, an AIDS campaigner for Stop Aids Now!; Martine de Schutter, a program manager at the same organization; Lucie van Mens, director of support at the Female Health Company; and Glenn Thomas, a former BBC journalist and spokesman for the World Health Organization.

McClure said it was important the conference go ahead to honor these six lost colleagues. “This community, we’ve lost 35 million people in the last 30 years to AIDS, so we know what it means to lose friends, to lose patients, to lose family members,” he said. “So this is not the first loss, and one of the things that has come together over the years is our collective sense of loss and our anger at the epidemic, and the loss of Joep and Jacqueline and the others on that plane just brings us together again and reminds us of why we’re doing this work, and gives us again that sense of solidarity.”

IAS president Barré-Sinoussi urged delegates to honor their memory by redoubling efforts to fight AIDS. “I strongly believe that all of us being here for the next week to discuss and learn is indeed what our colleagues who are no longer here with us would have wanted,” she said.

Ken Legins, who works with McClure as a senior advisor to UNICEF on HIV among children and adolescents, said Tuesday’s scheduled candle-light vigil in Melbourne’s Federation Square will incorporate memories of those lost aboard MH17, with memories of those taken by AIDS in the last two years. “We’re used to remembering people that die of AIDS, and now I’m going to remember people because they’re shot out of the sky. It just seems unfair but it’s a community that’s used to dealing with things that are unfair,” Legins said.

“With the same passion, caring, and love that we have always drawn upon to adjust to this epidemic, we will adjust to the challenges of managing the loss of the people on that flight,” he said. “I really think you’ll see recovery. But that’s not to say that people are not greatly affected by what happened, it’s just fucking unbelievable.”

More – 

Inside the AIDS Conference Reeling From Losses Aboard MH17

Posted in Anchor, FF, GE, LAI, LG, ONA, PUR, Radius, Uncategorized, Venta, Vintage | Tagged , , , , , , , , , | Comments Off on Inside the AIDS Conference Reeling From Losses Aboard MH17

Check Out These Vintage Photos of New York City’s 1970s Punk Playground

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Two notable recent books from Glitterati Incorporated take readers deep into New York City’s 1970s punk underground. Playground: Growing Up In the New York Underground by Paul Zone, with Jake Austin (of Roctober fame!), features photos and firsthand accounts from a foot soldier in the rock and roll wars waged in the city’s now infamous clubs, including Max’s Kansas City and CBGB. White Trash Uncut, meanwhile, comes out of Andy Warhol’s factory scene and, as you might expect, takes an artier look at the New York scene.

Given that my tastes tend more towards the Ramones/Dead Boys/Dictators and less Warhol/Waters, Playground hits a real sweet spot. Zone’s photos pull back the curtain on that time and place in a way few other books on the ’70s NYC scene have done. Sure, you get plenty of (mediocre) performance photos. But that isn’t why you’re here. Where Playground shines is in its casual photos of friends—famous and not—behind-the-scenes, after hours and off guard, almost 240 pages of them. It also brings John Holstrom’s awesome oral history of the early New York punk scene, “Please Kill Me,” to life. It’s a perfect companion.

With the recent passing of Tommy Elderly/Ramone, Playground is particularly timely. It’s an exciting visual romp through a unique period in the history of rock and roll. Looking through the photos, it’s hard not to notice how many of the people featured have died, many way before their prime: drugs (too many to list), AIDS (which also took Zone’s brother, Miki), cancer (three of the original Ramones) and weird car crashes (Stiv Bators). How the hell are all the Stones still alive and the Ramones all dead? Here are some samples from that book:

Sylvain Sylvain, Johnny Thunders, and Jerry Nolan (New York Dolls) at Max’s. (August 1973)

Tish and Snooky at Manic Panic on St. Marks Place (1978)

Debbie Harry (Blondie) at Max’s. (1975)

Dee Dee Ramone and Connie Gripp in Max’s kitchen. (1975)

Wayne County at the Coventry, in Queens. (1973)

Crayola at Max’s. (1977)

Originally published in 1977, White Trash Uncut, by Andy Warhol Factory devotee and one time Interview staff photographer Christopher Makos, quickly went out of print and became something of a collector’s item. Finally reprinted, the book consists of a mix of artier photos—close-ups of body parts and portraits of players in the art and music scenes, focusing on that point of intersection between the two in venues like Max’s Kansas City. It leans heavy on photos of the well-known, if not outright famous: Richard Hell, Andy Warhol, Mick Jagger, the Dead Boys, Debbie Harry, Grace Jones, David Bowie, Divine, Man Ray, John Waters, Marilyn Chambers and plenty other luminaries of that era. The reprint includes 25 photos not included in the original book. Here’s a sampling:

Punk rock fans, New York City.

David Bowie in Los Angeles.

Divine and John Waters

A hustler, posing. (Jeans by Fiorruci, Milan.)

Earring by Gillette.

The two books go well together, together giving a representative look at the intersection of music, art, scene-making, fashion, hustling, and hanging out that made the early New York City punk scene so indelible.

Visit site:

Check Out These Vintage Photos of New York City’s 1970s Punk Playground

Posted in Anchor, FF, GE, LAI, LG, ONA, oven, Radius, Uncategorized, Venta, Vintage | Tagged , , , , , , , , | Comments Off on Check Out These Vintage Photos of New York City’s 1970s Punk Playground

Student Loan Relief in Sight, Maybe

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Hooray! A new bipartisan bill has been introduced in the Senate to address the student loan crisis. It wouldn’t actually reduce the amount that grads have to pay (you didn’t expect that, did you), but it does make repayment easier by taking a program that already exists as an option and making it the default repayment plan. Jordan Weissman reviews the details:

It looks pretty solid overall. All federal loan borrowers would be enrolled in an income-based program where they paid 10 percent of their earnings each month, with a $10,000 annual exemption. Meanwhile, the government would collect the money directly from workers’ paychecks, just like tax withholding. One potentially controversial part: It would forgive up to $57,500 worth of loans after 20 years, but anything above that amount wouldn’t be forgiven for 30 years. (The current Pay as You Earn repayment program forgives all debts after two decades.) But borrowers who don’t like the income-based option could opt out and set their own payment timetable.

And now for the bad news. The bill is sponsored by Democrat Mark Warner and Republican Marco Rubio. And as Weissman puts it a family-friendly rewrite of Jon Chait, “Rubio doesn’t have a sterling track record of selling his own party on bipartisan policy proposals.” No, he doesn’t, does he? But who knows. Maybe after ripping his political guts out over immigration reform, Republicans will throw him a bone by supporting this bill. It’s not like it really costs any money to speak of, after all.

Then again, passing the bill would represent getting something done, and Republicans these days seem to be convinced that getting anything done makes government look efficient and responsive and therefore redounds to the credit of Democrats. And we can’t have that, can we?

Excerpt from:

Student Loan Relief in Sight, Maybe

Posted in FF, GE, LG, ONA, Sterling, Uncategorized, Venta, Vintage | Tagged , , , , , , , , , | Comments Off on Student Loan Relief in Sight, Maybe