Some very good links, but it’s all really depressing. I hope to have some good news for us all soon:
- Matt Taibbi makes a powerful case that the federal government is getting a nice bit of profit from student loans. Or to put it another way: the gov’t is making a quick and obviously unsustainable buck from allowing entire generations to be completely swamped with debt. The passage that I’m probably going to be dumping on facebook and elsewhere: Another debtor, a 38-year-old attorney who suffered a pulmonary embolism and went into default as a result, is now more than $100,000 in debt. Bedridden and fully disabled, he accepts he will likely be in debt until his death. He asked that his name be withheld because he doesn’t want to incur the wrath of the government by disclosing the awful punch line to his story: After he qualified for federal disability payments in 2009, the Department of Education quickly began garnishing $170 a month from his disability check.
- Garance Franke-Ruta visits the RNC’s Summer Meeting to find out how the GOP is going to get more women voting for them.
- The Surprising Truth about Government Fraud – I’ll add this: if you’re in the position of giving out money, you can’t really worry about fraud first. You should be worried about being blamed if the money doesn’t ever get out of your hands. A friend the other day was talking about how the food stamp people will ask you if there’s anyone pregnant in your household before they ask anything else, even your name. As horrific as the government is with regards to the student loan crisis, that’s probably the exact right question when it comes to benefits.
- Karl Richter plays an amazing harpsichord solo in Bach’s Brandenburg Concerto 5