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Time Is Running Out To Stop Student Loan Rate Hikes

The clock is ticking on student loan interest rates. The rates for federally-backed student Stafford loans will double from 3.4 percent to 6.8 percent on July 1. And what has Congress done to help these already struggling students? Absolutely nothing. Student debt now totals $1 trillion, and Congress is still deadlocked when it comes to preventing an increase in the interest rate on student loans.

America Feeds the Rich

The Farm Bill that is expected to pass the U.S. House this week explains income inequality in America. The Republican-sponsored proposal slashes food stamps for poor children and pads farm subsidies for wealthy agri-businessmen.

We Need a New Deal for Millennials

What kind of society abandons its own young? What kind of society allows the generations in power to favor themselves over those who follow them, and then lets them claim they're doing it out of selflessness? Look around you.

Austerity Battle Heating Up In Greece

Austerity Battle Heating Up In Greece

Protests in Athens and all across Greece have not abated since the ERT shutdown last week. If anything, they've intensified, into a genuine political crisis, raising talk of early elections as the ruling coalition struggles to avoid collapse

National Confidence Ratings For Congress Don't Matter When It Comes To The Budget

You would think that this poll showing "Americans' confidence in Congress is not only at its lowest point on record, but also is the worst Gallup has ever found for any institution it has measured since 1973" would be so embarrassing to those on Capital Hill that they would take immediate steps to change the situation.

You would be especially justified in thinking that it would change congressional behavior on the federal budget. Although the poll doesn't say it, there's no doubt in my mind that the constant and highly publicized "I'm-gonna-hold-my-breath-till-I'm-blue-in-the-face" fights over the deficit, debt ceiling, and annual budget resolution haves been the biggest factors in this totally failing grade for the House and Senate.

But it won't. Particularly when it comes to the budget it's not likely to change congressional behavior at all.

There are two reasons.

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