So, I watched the State of the Union address in its entirety, this being the first one of my adulthood that I could stand to listen to and look at without getting angry!! I'll keep this highly biased, flag-waving post with my first State of the Blog. It is shorter than the President's.
Ladies and gentlemen:
I have always supported Obama for various reasons. I think he is a brilliant speaker. And last night's speech is a testimony, his speech should be a model for presidents to follow: be informal and colloquial, come out swinging, don't be afraid to ad-lib, point out your successes, point out the other side's failures, and lay out a specific, short-term agenda. However I was not in agreement to a few things one of which as follows;
"To make college more affordable, this bill will finally end the unwarranted taxpayer subsidies that go to banks for student loans. Instead, let’s take that money and give families a $10,000 tax credit for four years of college and increase Pell Grants.
And let’s tell another 1 million students that, when they graduate, they will be required to pay only 10 percent of their income on student loans, and all of their debt will be forgiven after 20 years, and forgiven after 10 years if they choose a career in public service, because in the United States of America, no one should go broke because they chose to go to college."
OK, let’s take away any incentive for banks to give student loans. That makes complete sense only if you want to ensure that government is the only place where you can get one (hint, hint). But what floored me the most was that if you take a student loan, you don’t have to pay back more than 10% of your income. Suppose I get my degree in social work and work primarily pro bono for the first ten years, then become a politician! FREE EDUCATION!!!!! Your debt will be forgiven? Really? We will tell banks that if they make a loan, they get no perks from government, and on top of it, after a certain period of time, the students will not be required to pay the bank back! BRILLIANT. Talk about a socialist sentiment.
I have always supported Obama for various reasons. I think he is a brilliant speaker. And last night's speech is a testimony, his speech should be a model for presidents to follow: be informal and colloquial, come out swinging, don't be afraid to ad-lib, point out your successes, point out the other side's failures, and lay out a specific, short-term agenda. However I was not in agreement to a few things one of which as follows;
"To make college more affordable, this bill will finally end the unwarranted taxpayer subsidies that go to banks for student loans. Instead, let’s take that money and give families a $10,000 tax credit for four years of college and increase Pell Grants.
And let’s tell another 1 million students that, when they graduate, they will be required to pay only 10 percent of their income on student loans, and all of their debt will be forgiven after 20 years, and forgiven after 10 years if they choose a career in public service, because in the United States of America, no one should go broke because they chose to go to college."
OK, let’s take away any incentive for banks to give student loans. That makes complete sense only if you want to ensure that government is the only place where you can get one (hint, hint). But what floored me the most was that if you take a student loan, you don’t have to pay back more than 10% of your income. Suppose I get my degree in social work and work primarily pro bono for the first ten years, then become a politician! FREE EDUCATION!!!!! Your debt will be forgiven? Really? We will tell banks that if they make a loan, they get no perks from government, and on top of it, after a certain period of time, the students will not be required to pay the bank back! BRILLIANT. Talk about a socialist sentiment.
Anyway, I believe Obama has real integrity. For one thing, he has been triying to run a decent presidency. Some tactics that could be considered underhanded are probably impossible to avoid, but I really believe he is committed to the mush needed change.
Thank you!
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