Tag Archives: trillion

News Roundup – education, fracking and more

Over one trillion dollars in student loan debt

I’ve talked about this before, but one of the things that is going completely wrong in our society has to do with education and the cost of education. Yes, I’ll go ahead and say it, “back in my day…,” getting an education was a no-brainer. The cost of education was relatively miniscule compared to the rewards. College was expensive but affordable. The average middle-class family could afford to send their son or daughter to almost any school in the United States. Although some families had to take out loans, the loans weren’t overwhelming, crushing and never-ending. Today it is different. With the median income of the middle class stagnant or falling and the cost of higher education continuing to skyrocket, making the decision to go to college can place the average American family into a debt spiral that they can never get out of. The honest truth is that there was a time when states thought that they had a responsibility to educate the population. States and the national government subsidized student education. Over the years that subsidy has lapsed. This requires the student to take on more and more of the burden.

Yesterday, I briefly talked about rape and sexual assault in the military. What I forgot to mention was the pitiful excuses that are being thrown around. For lack of better phrasing, I will just say the “they are young men with raging hormones” excuse is possibly the worst. Where in the world are we supposed to find young men that are more disciplined and more trained to follow orders than the US military? Rape and sexual assault in the military must stop and must stop now.

I love David Letterman’s explanation of fracking. He is 100% correct.

Bill Clinton at the DNC

Bill Clinton delivers a barn burner at the DNC. There is something about President Bill Clinton that really, really gets under the skin of conservatives. They can’t stand him. Their heads start to spin when someone even thinks about mentioning Bill Clinton.

From DK:

He also tried to work with Congressional Republicans on Health Care, debt reduction, and jobs, but that didn’t work out so well. Probably because, as the Senate Republican leader, in a remarkable moment of candor, said two years before the election, their number one priority was not to put America back to work, but to put President Obama out of work.

Senator, I hate to break it to you, but we’re going to keep President Obama on the job!

In Tampa, the Republican argument against the President’s re-election was pretty simple: we left him a total mess, he hasn’t cleaned it up fast enough, so fire him and put us back in. Continue reading Bill Clinton at the DNC

Are We Better off Today?

Are we better off today than we were four years ago? Okay, let’s do this. The campaign for the president of the United States officially starts now. I hate progressives being wishy-washy. It is time for us to step up. Paul Ryan threw a simple 70 mile an hour pitch right down the center of the plate only to have several progressives foul it off. Dammit. We’ve got to do better. This was easy. Paul Ryan asked whether we are better off now than we were four years ago. This is a no-brainer.

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First let’s look at the deficit which the GOP likes to talk about all of the time. Who has piled up the debt?

It is the Republicans who have burdened us with debt. Trillions of dollars of Republican debt. Let me just underline what the above graph tells us. George W. Bush saddled the economy with $5.07 trillion in debt. Barack Obama has come nowhere near this lofty goal.

Now, on to the all-important question, are we better off today than we were four years ago? The answer is a big and loud Hell, Yeah! Our economic output was actually negative when Barack Obama took office. We’ve seen real GDP growth go from negative to positive and remain continuously positive for the last ten quarters.

Finally, and most importantly, when Barack Obama took office our economy was losing over 600,000 jobs per month. We’ve seen private sector growth (really important to Republicans) for 29 straight months. It is time for Democrats, progressives and other liberally leaning allies to get our heads in the game. When the Republicans serve up a softball, we must hit it out of the park – every time. So, the answer to the question as to whether we are better off now than we were four years ago – (with a smile) Hell, Yes!