Obama Student Loan Policy Nets $51 Billion Profit for Government

save the banks

For all the talk of “gifts” being handed out to students in the 2012 election, it looks like most of the giving is coming from the students to the government. When the Feds get money for nothing and then charge students 3, 4% (soon to be 6.8%) on college debt that’s a good revenue recipe.

Read More

Firm is Awarded $500 Million in IRS Contract Work, No Previous Contracts, Cronyism Possible

Congressman Daryl Issa is a busy guy these days. This week he is examining whether $500 million in government contracts for IT work at the IRS were given to a firm inappropriately. The company had no federal contracting experience but did have connections within the agency.

Read More

“Good” Politics: The Government Redefines Poverty (In a way in which poverty likely will NEVER be “reduced”)

 The federal government has just decided that poverty for family of 4 in New York City means an income of up to $37,500, not $22,500.  Quite a leap. As before, the figure excludes earned income tax credit cash checks from the government and also medical and other non-cash assistance.

Read More