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For the average American, what all this means is that of every dollar you send to the IRS, 53 cents will be going to pay for blowing stuff up, fattening the wallets of colonels, admirals and generals, bloating the portfolios of investors in military industries, and of course funding the bonuses paid to executives of those companies, and the campaign chests and expense accounts of the members of Congress who vote for these outlandish budgets. Your money will also be going to pay for the salaries and the bullets of those brave heroes over in Afghanistan who are executing kids, killing pregnant women (and then digging out the bullets and claiming they were stabbed by their families), and for the anti-personnel weapons that are creating legions of legless Afghani kids.
On Thursday, Ohio Representative Dennis Kucinich introduced H. Con Res. 248, a privileged resolution with 16 original cosponsors that will require the House of Representatives to debate whether to continue the war in Afghanistan. Debate on the resolution is expected early next week.
Original cosponsors of the Kucinich resolution include John Conyers, Ron Paul, José Serrano, Bob Filner, Lynn Woolsey, Walter Jones, Danny Davis, Barbara Lee, Michael Capuano, Raúl Grijalva, Tammy Baldwin, Tim Johnson, Yvette Clarke, Eric Massa, Alan Grayson, and Chellie Pingree.
The Pentagon doesn’t want Congress to debate Afghanistan. The Pentagon wants Congress to fork over $33 billion more to pay for the current military escalation, no questions asked, no restrictions imposed for a withdrawal timetable or an exit strategy.
According to the Regents’ own data and policy documents, the primary use of student fee revenue since 2004 has been as collateral for bonds to fund campus construction projects. In this “modified credit swap,” students are forced to take out “subprime” student loans, often charging six percent interest, so the university can borrow money at a reduced rate to construct new facilities like – to take one example — the Blum Center for Developing Economies at UC Berkeley, which UC Regent Richard C. Blum’s own construction company, URS Corporation, was contracted by the university to build.
And those subprime student loans? They’re often owned by big banks like Wachovia and other financial outfits that many of the UC Regents and their business partners are shareholders or executives of. So the whole cycle begins and ends with massive public and student debts, both of which increase as the Regents partake in further undermining the tax base while looting the public sector, again ratcheting up the crisis rhetoric.
This is must-read stuff if you’re in any way interested in the politics and consequences of the ways that public universities are being funded.
The American worker is screwed over every step of the way, and it all starts with the explosion in the cost of a college education. This is one of the Economic Elite’s most devastating weapons. To have any chance of succeeding in this economy, it is commonly believed that you must attend the best college possible. With the rising costs involved, today’s students are graduating with record levels of debt from student loans. At the same time, the unemployment rate among recent college graduates has risen higher than the national average, and those who do find work are making significantly less than they expected to make. This combination of extreme debt and reduced pay has crippled an entire generation right from the start and has put them in a vicious cycle of spiraling debt that they will struggle with for the rest of their lives. The most recent college graduates are now known as a “lost generation.”