President Obama Screws The Middle Class. Again.

by Ben Hoffman

WASHINGTON — In his 2011 State of the Union address, President Obama promised that investment in education and getting the next generation of Americans ready to face their own “Sputnik” moment would be a focus of his administration. But at least one component of his FY 2012 budget, which will be released tomorrow, will likely pile more debt upon students who decide to pursue graduate school, potentially making the dream of higher education even more unattainable for many Americans. The move, say administration officials, is needed to ensure that a popular financial aid award stays available at current levels.

In an interview on CNN’s “State of the Union” on Sunday, Office of Management and Budget Director Jacob Lew said that interest on graduate school loans will begin building up while students are still in school. Currently, interest does not begin compiling until after students graduate.

Read more…

Yep, the rich get interest free loans but the struggling middle class gets the shaft.

Hey Obama… Fuck you!

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17 Comments to “President Obama Screws The Middle Class. Again.”

  1. I should say, if you’re a white middle class American, you get the shaft. The “disadvantaged” minorities usually go to college for free.

  2. I’m interested to know how a “disadvantaged” minority goes to school for free? Last time I checked, the college enrollment rate for Whites was higher than the for Blacks and Latinos. Also, the unemployment rate for Black high school students is over twice the unemployment rate for White high school students.

    So, if you’re implying that “disadvantaged” minorities are getting a free lunch I suggest you do a little more fact based research. Then again, you headline days say “no fact checking.”

    • Circle City, your argument lacks logic. You’re making the claim that because there are more whites in college, minorities aren’t going to college for free. The two statements are not contradictory. There are a lot of grants and scholarships available to minorities that aren’t available to whites. Many of those are not need based, which means that an upper middle class Hispanic has more financial aid available to him than a lower middle class white. Those are indeed facts.

      • No, my argument, however inarticulately written, does not lack logic. I based my claim that minorities (at least Blacks) are not going to college for free because Blacks graduate college with more student loan debt than any other race.

        FYI: I’m Black and I have to pay for college. I never found a State or Federal scholarship/grant that was only for Blacks or awarded for just being Black. So, if you know of any, please let me know.

  3. I would argue that there are just as many grants and scholarships available to Whites as there are minorities. Matter of fact, Whites have another advantage by their parents having went to college (Legacy Scholarships).

    You do realize that it is unconstitutional for colleges to base admission solely on a race? Additionally, Whites can apply for minority scholarships (http://www.collegescholarships.org/scholarships/white-scholarship-guide.htm).

    Please understand that minority scholarships are not restricted to race only and not awarded for just being a minority. For example, lower middle class White women, scholarships/grants for a certain heritage (Irish, etc.) and in a town or county that is all or majority White the local Chamber of Commerce, Rotary Club, etc. would probably have a scholarships/grants for Whites. Bob Jones University and Brigham Young University, to name a couple, have scholarships and grants that favor Whites.

    Don’t forget that there are more rich White people than rich Black people. So, they can easily set up scholarships and grants to target White people without using the word “White.”

    • [Whites have another advantage by their parents having went to college ]

      Some have. Some haven’t. My parents never went to college. My father never even graduated high school. State and federal aid should be need based, not race based.

  4. State and Federal aid is need and merit based not race based. I am not aware of any government scholarship or grant that discriminates based on race. Do you?

    Perhaps you missed the part of my comment that said “it is unconstitutional for colleges to base admission solely on a race.” And that “scholarships are not restricted to race only and not awarded for just being a minority.”

    More Whites have graduated college than Blacks and Whites don’t have a history of being prevented from attending college based solely on their race. My parents and grandparents were denied access to college based on their race and financial situation. So, I doubt the reason your parents never went to college wasn’t based on their race. Financial situations change but race doesn’t.

    Do you have any facts to support your belief that there are State and Federal scholarships that are being awarded just because someone is Black?

  5. No need to name call. I thought I was being respectful to you and your blog but apparently you took offense to something I said. FYI, none of those scholarships/grants met the criteria in my question. I said there aren’t any, “State or Federal scholarship/grant that was only for Blacks or awarded for just being Black.”

    Those scholarships/grants, many of them from the private sector and none of them are awarded just for being Black. Perhaps your bias led you to believe so but there is nothing preventing a middle class White male to apply for State and Federal scholarship/grant money.

    Also, after reviewing the website, I noticed a lot more scholarships that don’t mention anything about being a minority. Using your reasoning, then the majority of White people should be able to attend college for free, too. If not, then it’s their own fault because there are plenty of scholarships out there for them.

    • Well, you may be right. I’m going by the situation back in the early 90s when I was working on my Bachelor’s degree. We’ve had an extreme shift to the right in this country since then and many grants and scholarships may have been eliminated.

      What did you study, if you don’t mind me asking?

  6. Minor in Biblical Studies and Major in Business Management.

    • Interesting that you listed your minor first. I’m not sure what that means, but a major in management is good to have. I’m going back to school to get my Masters in project management.

  7. CNN: Cuba announced on Monday it would lay off “at least” half a million state workers over the next six months and simultaneously allow more jobs to be created in the private sector as the socialist economy struggles to get back on its feet.

    The plan announced in state media confirms that President Raul Castro is following through on his pledge to shed some one million state jobs, a full fifth of the official workforce — but in a shorter timeframe than initially anticipated.
    “Our state cannot and should not continue maintaining companies, productive entities and services with inflated payrolls and losses that damage our economy and result counterproductive, create bad habits and distort workers’ conduct,” the CTC, Cuba’s official labor union, said in newspapers.

    Castro had announced layoffs in August, but said they would occur over the next five years.

    At the time, he said the government “agreed to broaden the exercise of self employment and its use as another alternative for the employment of those excess workers.”

    The drastic and unprecedented economic changes have many Cubans worried that jobs they had long taken for granted under the Communist government will no longer be guaranteed.

    Others are hopeful that they will have more freedom to set prices and earn more than the average state wage of $20 a month.

    The state currently controls more than 90 percent of the economy, running everything from ice cream parlors and gas stations to factories and scientific laboratories. Traditionally independent professions, such as carpenters, plumbers and shoe repairmen, are also employed by the state.

    State media on Monday did not give details about where private enterprise would be allowed to grow or which sectors would suffer layoffs, but did talk about which areas are still strategic.

    “Within the state sector, it will only be possible to fill the jobs that are indispensable in areas where historically the labor force is insufficient, like agriculture, construction, teachers, police, industrial workers and others.”

    The announcement avoided the word “private,” but said alternative forms of employment to be allowed included renting or borrowing state-owned facilities, cooperatives and self employment and that “hundreds of thousands of workers” would find jobs outside of the state sector over the next few years.

    Castro has launched a few, small free-market reforms since taking over from his brother Fidel Castro in 2006.

    In April, for example, barbershops were handed over to employees, who pay rent and tax but charge what they want. Licenses have also been granted to private taxis.

    For a couple of years, fallow land in the countryside has been turned over to private farmers. The more they produce, the more they earn.

    Damn those evil capitalists!! 🙂

  8. @Ben, good for you. I’m glad you were able to find a way to pay for college. Every year it gets more expensive.

  9. Salam dear sir this is Sadam Hussain s/o Irshad Ali Mangi and i am from Pakistan sir i am the student of class Inter(XII) and i passed the Metric(X) with (A-1) Grade so i want to get a schlorship at this University for get a high education because i belong to a middle class family and my parents was cannot offerd the money to get a high education so dear sir i request you plz give me a schlorship at this University to get a high education i hope you dont ignore this request…
    Thanks….
    your sincerely:
    Sadam Hussain Mangi

  10. I need to to thank you for this great read!! I absolutely enjoyed every little bit of it.

    I’ve got you book marked to look at new stuff you post…

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