Flash back three years ago to the weeks before the 2008 election. This video surfaced of a woman from Florida. This Obama supporter, who later became known only as “Peggy the Mooch”, unknowingly set the stage for the theme of the Obama presidency. When she said, “I won’t have to worry about putting gas in my car. I won’t have to worry about paying my mortgage. You know. If I help [Obama], he’s gonna help me.”, she became the poster child of the entitlement mentality. And many people followed suit.
I don’t know whatever happened to Peggy. If I had to make a guess, I’d say she’s probably still struggling even more now than she was three years ago. In spite of 3 years’ worth of stimulus boondoggles and bailouts for select groups (some student loan holders are the latest- more on that later), the economy continues to be unstable and unemployment remains high.
Now, there’s a whole movement full of people marching in the streets, occupying major cities, demanding their “fair share” of the good life that many of them seem to believe has been denied to them. After years of indoctrination by left-wing teachers and professors, these young people- who came out in droves for Obama in 2008- look at life in America as an oppressive, unfair life where it’s impossible for the little guy to get ahead.
Forget that many of these people protesting are attending very elite northeastern schools and major in such things as women’s studies and the oppression of underdeveloped people. They then graduate with no marketable skills in the real world, lots of debt, and they can’t find a job. So they go on for more education, taking out more loans, and the cycle goes on. They should try occupying reality and take their placards and mindless chants to the brick-lined lawns of their hallowed ivy-league schools that overcharge them for an education they have no place to use in the real world.
But, I digress. The Occupier’s recently-released list of demands reads like a Progressive/ Socialist/ Communist utopia that, when attempted in reality, leads to no good for the general population.
One of their demands, of course, is to have all student loan debt forgiven. As if on cue, Obama, again circumventing Congress, issued an executive order that will move up the timeline on changes to the student loan program that were part of Obamacare in 2010.
The plan is supposed to cap student loan repayment rates at ten percent of a debtor’s income (down from 15%), and will forgive the balance of the loan after 20 years (currently 25 years in Obamacare).
However, according to Daniel Indiviglio, associate editor of The Atlantic, the changes will unlikely have any effect on anyone over the age of 32. So if you’ve already been paying your loans off for 15 or 20 years, don’t get your hopes up. Nor will it do much to spur on the economy. Indiviglio states, “savings for the average student loan borrower would be between $4.50 and $7.75 per month.”
Way to get the economy going! But at least we know now what the going rate is for the votes of the “Gimme Generation”. Will this get them to the polls in 2012? Time will tell. But they aren’t called “O-bots”, “Obamatons” and “Obama Zombies” for nothing.
So go ahead kids…get your bachelors degree in basket weaving on the 8 or 10-year plan, then go on for your masters and Ph.D.’s. If you stay in school long enough, you just might not have to pay anything! Uncle Obama’s got your back.
Isn’t this just the kind of sense of responsibility and work ethic that we want from the leaders of tomorrow? SCARY!!!!