The Economy Is Improving, So Washington Has Decided It's Time To Screw You

[LiberalArkie]

Congress appears to think the U.S. economy has improved so much that it’s time to turn the screws on American households.

Snip

On Nov. 2, President Barack Obama signed into law a bill that allows Department of Education loan contractors to bombard federal student loan borrowers’ cell phones with texts, pre-recorded messages and autodialed calls without borrowers’ consent, gutting a key consumer protection. Harassing borrowers in this manner won't save the government much money: The White House estimates the proposal will generate just $12 million annually in additional revenue. The Congressional Budget Office projects the federal government will collect even less -- below $500,000 annually, or a bit more than 1/100,000th of 1 percent of the government’s fiscal year 2015 revenue.

On Dec. 4, Obama signed into law a provision that forces the Internal Revenue Service to use private debt collectors to largely recoup uncollectible delinquent tax bills from low-income Americans. The IRS ended a similar program in 2009 after concluding that the federal government spent more money administering the program than it actually collected. National Taxpayer Advocate Nina Olson called it a “failure.”

Now, lawmakers may be on the verge of enacting a provision that would bail out for-profit college chain Education Management Corporation in a dispute with some of its creditors, just one month after the company settled federal and state allegations that it had cheated taxpayers out of at least $11 billion in a years-long scheme. Yet not one cent of relief for EDMC's allegedly defrauded former students would accompany that bailout.

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http://www.huffingtonpost.com/entry/economy-improving-screw-you_566b06a8e4b009377b24c556

[abelenkpe]

1. K&R

[Doctor_J]

2. The president's unleashing his ultra liberal self just as The Swarm predicted he would

once the mid terms were over.

[Egnever]

3. Part of the budget deal

Certainly not something Obama pushed for though the article would like to imply that instead of blaming the pukes who put it in the bill that went to the deadline of default but I am sure it wont stop the nonsense here.