Friday, 21 October 2016

Green Party Candidate Jill Stein Rips John Oliver's 'Deceptive Attack'

quote [ The Jill Stein campaign hit back at John Oliver after he questioned the plausibility of the Green Party's promise to cancel student debt. ]

Tim Canova posted this in his Facebook page: Well before I ever ran for public office, I was studying and writing about central banking and monetary policy. In 2011, Bernie Sanders appointed me to a Senate advisory panel on Federal Reserve reform. Jill Stein is right and John Oliver is wrong. The Fed already has ample discretionary authority to address the student debt crisis, certainly to drive down interest rates on student loans. And after more than $3 trillion of QE programs for Wall Street, it's past time for QEs for Main Street and MLK Street, USA. A new president with a new Congress could also direct the Fed through legislative enactment to implement such programs, as it did in the 1930s and 1940s. And as Jill Stein's spokesperson also points out, there are other ways to pay for student debt relief programs, but perhaps Oliver is equally ignorant of such fiscal policies as the G.I. Bill after WWII
[SFW] [politics] [+6 Funny]
[by raphael_the_turtle]
<-- Entry / Comment History

bbqkink said @ 9:48pm GMT on 21st October
Well he did post this...and it is way wrong..so ya.

bbqkink said @ 9:48pm GMT on 21st October
The Fed already has ample discretionary authority to address the student debt crisis

Well he did post this...and it is way wrong..so ya.


bbqkink said @ 9:50pm GMT on 21st October
The Fed already has ample discretionary authority to address the student debt crisis

Well he did post this...and it is way wrong..so ya.

" certainly to drive down interest rates on student loans."

Those are set by congress not the Fed.


bbqkink said @ 9:58pm GMT on 21st October
The Fed already has ample discretionary authority to address the student debt crisis

Well he did post this...and it is way wrong..so ya.

" certainly to drive down interest rates on student loans."

Those are set by congress not the Fed. and the prime rate couldn't get much lower.


bbqkink said @ 10:42pm GMT on 21st October
The Fed already has ample discretionary authority to address the student debt crisis

Well he did post this...and it is way wrong..so ya.

" certainly to drive down interest rates on student loans."

Those are set by congress not the Fed. and the prime rate couldn't get much lower.

"Congress sets interest rates on Direct Loans from the U.S. Department of Education through legislation that ties the rate to financial markets. Your student loan servicer does not set your student loan interest rate and cannot change it. Plus, all the interest you pay on U.S. Department of Education loans is deposited into the U.S. Treasury."

How Student Loan Interest Works

And right now the US is making a bunch on interest.

Federal discount rate

Direct Subsidized Loans Undergraduate 3.76%

What are the interest rates for federal student loans?


bbqkink said @ 10:43pm GMT on 21st October
The Fed already has ample discretionary authority to address the student debt crisis

Well he did post this...and it is way wrong..so ya.

" certainly to drive down interest rates on student loans."

Those are set by congress not the Fed. and the prime rate couldn't get much lower.

"Congress sets interest rates on Direct Loans from the U.S. Department of Education through legislation that ties the rate to financial markets. Your student loan servicer does not set your student loan interest rate and cannot change it. Plus, all the interest you pay on U.S. Department of Education loans is deposited into the U.S. Treasury."

How Student Loan Interest Works

And right now the US is making a bunch on interest.

Federal Discount Rate 1.00

Federal discount rate

Direct Subsidized Loans Undergraduate 3.76%

What are the interest rates for federal student loans?


bbqkink said @ 10:48pm GMT on 21st October
The Fed already has ample discretionary authority to address the student debt crisis

Well he did post this...and it is way wrong..so ya.

" certainly to drive down interest rates on student loans."

Those are set by congress not the Fed. and the prime rate couldn't get much lower.

"Congress sets interest rates on Direct Loans from the U.S. Department of Education through legislation that ties the rate to financial markets. Your student loan servicer does not set your student loan interest rate and cannot change it. Plus, all the interest you pay on U.S. Department of Education loans is deposited into the U.S. Treasury."

How Student Loan Interest Works

And right now the US is making a bunch on interest.

Federal Discount Rate 1.00

Federal discount rate

Direct Subsidized Loans Undergraduate 3.76%

What are the interest rates for federal student loans?

This is how it is done in the real world....you change congress...not tell a non political bank how to handle monetary policy


GOP blocks Warren's student loan plan

you vote for somebody who can get elected not whine about imaginary candidates who don't even understand the problem let alone have a way to fix it.



<-- Entry / Current Comment
bbqkink said @ 9:48pm GMT on 21st October
The Fed already has ample discretionary authority to address the student debt crisis

Well he did post this...and it is way wrong..so ya.

" certainly to drive down interest rates on student loans."

Those are set by congress not the Fed. and the prime rate couldn't get much lower.

"Congress sets interest rates on Direct Loans from the U.S. Department of Education through legislation that ties the rate to financial markets. Your student loan servicer does not set your student loan interest rate and cannot change it. Plus, all the interest you pay on U.S. Department of Education loans is deposited into the U.S. Treasury."

How Student Loan Interest Works

And right now the US is making a bunch on interest.

Federal Discount Rate 1.00

Federal discount rate

Direct Subsidized Loans Undergraduate 3.76%

What are the interest rates for federal student loans?

This is how it is done in the real world....you change congress...not tell a non political bank how to handle monetary policy


GOP blocks Warren's student loan plan

you vote for somebody who can get elected not whine about imaginary candidates who don't even understand the problem let alone have a way to fix it.




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