Politics
The College Loan Bombshell Hidden in the Budget
In this Jan. 20, 2015, President Barack Obama delivers his State of the Union address to a joint session of Congress on Capitol Hill in Washington. The White House said Tuesday, Jan. 27, it is dropping a proposal to scale back the tax benefits of college savings plans amid a backlash from both Republicans and Democrats. Obama made the proposal as part of his State of the Union address. It was part of Obama’s plan to consolidate and simplify a sometimes confusing array of tax breaks for college students. (AP Photo/Mandel Ngan, Pool)
(Politico) – In obscure data tables buried deep in its 2016 budget proposal, the Obama administration revealed this week that its student loan program had a $21.8 billion shortfall last year, apparently the largest ever recorded for any government credit program.
The main cause of the shortfall was President Barack Obama’s recent efforts to provide relief for borrowers drowning in student debt, reforms that have already begun to reduce loan payments to the government. For more than two decades, budget analysts have recalculated the projected costs of about 120 credit programs every year, but they have never lowered their expectations of repayments this dramatically. The $21.8 billion revision—larger than the annual budget for NASA, or the Interior Department and EPA combined—will be tacked onto the federal deficit.
“Wow,” marveled Steve Ellis, vice president of Taxpayers for Common Sense. “Whether or not it’s good policy to help borrowers with their payments, it’s obviously costly for taxpayers.”
The 40 million Americans with student loans are now saddled with more than $1.2 trillion in outstanding debt. And with higher education costs rising much faster than inflation, the already massive program has been growing at a spectacular clip; direct government loans alone increased 44 percent over the last two years despite an aura of austerity in Washington. The Obama administration has tried to ease the burden for some borrowers by reducing their payments to 10 percent of their income and forgiving their loans after 20 years; this year, the Education Department plans to make all borrowers eligible for that “pay-as-you-earn” relief.
Activism
Remembering George Floyd
BLACKPRESSUSA NEWSWIRE — Minnesota State Attorney General Keith Ellison acknowledges that the Floyd case five years ago involved a situation in which due process was denied, and five years later, the president is currently dismissing “due process. “The Minnesota Atty General also says, “Trump is trying to attack constitutional rule, attacking congressional authority and judicial decision-making.” George Floyd was an African American man killed by police who knocked on his neck and on his back, preventing him from breathing.
By April Ryan
BlackPressUSA Newswire
“The president’s been very clear he has no intentions of pardoning Derek Chauvin, and it’s not a request that we’re looking at,” confirms a senior staffer at the Trump White House. That White House response results from public hope, including from a close Trump ally, Georgia Congresswoman Marjorie Taylor Greene. The timing of Greene’s hopes coincides with the Justice Department’s recent decision to end oversight of local police accused of abuse. It also falls on the fifth anniversary of the police-involved death of George Floyd on May 25th. The death sparked national and worldwide outrage and became a transitional moment politically and culturally, although the outcry for laws on police accountability failed.
The death forced then-Democratic presidential candidate Joe Biden to focus on deadly police force and accountability. His efforts while president to pass the George Floyd Justice in policing act failed. The death of George Floyd also put a spotlight on the Black community, forcing then-candidate Biden to choose a Black woman running mate. Kamala Harris ultimately became vice president of the United States alongside Joe Biden. Minnesota State Attorney General Keith Ellison prosecuted the cases against the officers involved in the death of Floyd. He remembers,” Trump was in office when George Floyd was killed, and I would blame Trump for creating a negative environment for police-community relations. Remember, it was him who said when the looting starts, the shooting starts, it was him who got rid of all the consent decrees that were in place by the Obama administration.”
In 2025, Police-involved civilian deaths are up by “about 100 to about 11 hundred,” according to Ellison. Ellison acknowledges that the Floyd case five years ago involved a situation in which due process was denied, and five years later, the president is currently dismissing “due process. “The Minnesota Atty General also says, “Trump is trying to attack constitutional rule, attacking congressional authority and judicial decision-making.” George Floyd was an African-American man killed by police who knocked on his neck and on his back, preventing him from breathing. During those minutes on the ground, Floyd cried out for his late mother several times. Police subdued Floyd for an alleged counterfeit $20 bill.
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Activism
Oakland Post: Week of May 28 – June 30, 2025
The printed Weekly Edition of the Oakland Post: Week of May 28 – June 3, 2025
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
Activism
Oakland Post: Week of May 21 – 27, 2025
The printed Weekly Edition of the Oakland Post: Week of May 21 – 27, 2025
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Remembering George Floyd
Oakland Post: Week of May 28 – June 30, 2025
Black Feminist Movement Mobilizes in Response to National Threats
Hoover’s Commutation Divides Chicago as State Sentence Remains
WATCH: Five Years After George Floyd: Full Panel Discussion | Tracey’s Keepin’ It Real | Live Podcast Event
Harvard Reaches Historic Settlement Over Earliest Known Photographs of Enslaved Americans
True Unemployment Rate Soars Past 24% — Black Workers Hit Hardest
PRESS ROOM: Black Leaders Detroit Launches 1,600-mile Ride for Equity to Raise Awareness, Funding for Entrepreneurs of African Descent
ICE Raids in Martha’s Vineyard
Court Fight Begins Over Trump’s Destruction of AmeriCorps
Questions and Answers for Parents of Children with Disabilities
Trump’s Personal Fortune Surges as Critics Point to Historic Monetization of Presidency
Op-Ed: Five Years Later, We Still Can’t Breathe
‘We’re Not Going Back’ Black Churches Confront Target
IN MEMORIAM: A Legend of Black Politics in Harlem and Beyond, Congressman Charlie Rangel Dies at 94
AI Is Reshaping Black Healthcare: Promise, Peril, and the Push for Improved Results in California
ESSAY: Technology and Medicine, a Primary Care Point of View
The RESISTANCE – FREEDOM NOW
Faces Around the Bay: Author Karen Lewis Took the ‘Detour to Straight Street’
BOOK REVIEW: Love, Rita: An American Story of Sisterhood, Joy, Loss, and Legacy
Oakland Post: Week of April 30 – May 6, 2025
Oakland Post: Week of May 7 – 13, 2025
MLK Bust Quietly Removed from Oval Office Under Trump
The Save Act…a modern Day Poll Tax
STATE OF THE PEOPLE: Freddie
Trump Targets the National Museum of African American History and Culture
Barbara Lee Accepts Victory With “Responsibility, Humility and Love”
Hakeem Challenges Mike
After Two Decades, Oakland Unified Will Finally Regain Local Control
ECONOMIC BOYCOTT DAY!!!!!
AI Is Reshaping Black Healthcare: Promise, Peril, and the Push for Improved Results in California
ESSAY: Technology and Medicine, a Primary Care Point of View
Sanctuary Cities
The RESISTANCE – FREEDOM NOW
STATE OF THE PEOPLE: Freddie
ECONOMIC BOYCOTT DAY!!!!!
I told You So
Trump Targets the National Museum of African American History and Culture
Hakeem Challenges Mike
The Save Act…a modern Day Poll Tax
Its All A Game
Headlines and Hot Topics
Headlines & Hot Topics
President Trump’s Miss on Education. April Ryan
Headlines and hot topics
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Politics
The College Loan Bombshell Hidden in the Budget
In this Jan. 20, 2015, President Barack Obama delivers his State of the Union address to a joint session of Congress on Capitol Hill in Washington. The White House said Tuesday, Jan. 27, it is dropping a proposal to scale back the tax benefits of college savings plans amid a backlash from both Republicans and Democrats. Obama made the proposal as part of his State of the Union address. It was part of Obama’s plan to consolidate and simplify a sometimes confusing array of tax breaks for college students. (AP Photo/Mandel Ngan, Pool)
(Politico) – In obscure data tables buried deep in its 2016 budget proposal, the Obama administration revealed this week that its student loan program had a $21.8 billion shortfall last year, apparently the largest ever recorded for any government credit program.
The main cause of the shortfall was President Barack Obama’s recent efforts to provide relief for borrowers drowning in student debt, reforms that have already begun to reduce loan payments to the government. For more than two decades, budget analysts have recalculated the projected costs of about 120 credit programs every year, but they have never lowered their expectations of repayments this dramatically. The $21.8 billion revision—larger than the annual budget for NASA, or the Interior Department and EPA combined—will be tacked onto the federal deficit.
“Wow,” marveled Steve Ellis, vice president of Taxpayers for Common Sense. “Whether or not it’s good policy to help borrowers with their payments, it’s obviously costly for taxpayers.”
The 40 million Americans with student loans are now saddled with more than $1.2 trillion in outstanding debt. And with higher education costs rising much faster than inflation, the already massive program has been growing at a spectacular clip; direct government loans alone increased 44 percent over the last two years despite an aura of austerity in Washington. The Obama administration has tried to ease the burden for some borrowers by reducing their payments to 10 percent of their income and forgiving their loans after 20 years; this year, the Education Department plans to make all borrowers eligible for that “pay-as-you-earn” relief.
Activism
Remembering George Floyd
BLACKPRESSUSA NEWSWIRE — Minnesota State Attorney General Keith Ellison acknowledges that the Floyd case five years ago involved a situation in which due process was denied, and five years later, the president is currently dismissing “due process. “The Minnesota Atty General also says, “Trump is trying to attack constitutional rule, attacking congressional authority and judicial decision-making.” George Floyd was an African American man killed by police who knocked on his neck and on his back, preventing him from breathing.
By April Ryan
BlackPressUSA Newswire
“The president’s been very clear he has no intentions of pardoning Derek Chauvin, and it’s not a request that we’re looking at,” confirms a senior staffer at the Trump White House. That White House response results from public hope, including from a close Trump ally, Georgia Congresswoman Marjorie Taylor Greene. The timing of Greene’s hopes coincides with the Justice Department’s recent decision to end oversight of local police accused of abuse. It also falls on the fifth anniversary of the police-involved death of George Floyd on May 25th. The death sparked national and worldwide outrage and became a transitional moment politically and culturally, although the outcry for laws on police accountability failed.
The death forced then-Democratic presidential candidate Joe Biden to focus on deadly police force and accountability. His efforts while president to pass the George Floyd Justice in policing act failed. The death of George Floyd also put a spotlight on the Black community, forcing then-candidate Biden to choose a Black woman running mate. Kamala Harris ultimately became vice president of the United States alongside Joe Biden. Minnesota State Attorney General Keith Ellison prosecuted the cases against the officers involved in the death of Floyd. He remembers,” Trump was in office when George Floyd was killed, and I would blame Trump for creating a negative environment for police-community relations. Remember, it was him who said when the looting starts, the shooting starts, it was him who got rid of all the consent decrees that were in place by the Obama administration.”
In 2025, Police-involved civilian deaths are up by “about 100 to about 11 hundred,” according to Ellison. Ellison acknowledges that the Floyd case five years ago involved a situation in which due process was denied, and five years later, the president is currently dismissing “due process. “The Minnesota Atty General also says, “Trump is trying to attack constitutional rule, attacking congressional authority and judicial decision-making.” George Floyd was an African-American man killed by police who knocked on his neck and on his back, preventing him from breathing. During those minutes on the ground, Floyd cried out for his late mother several times. Police subdued Floyd for an alleged counterfeit $20 bill.
Activism
Oakland Post: Week of May 28 – June 30, 2025
The printed Weekly Edition of the Oakland Post: Week of May 28 – June 3, 2025
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
Activism
Oakland Post: Week of May 21 – 27, 2025
The printed Weekly Edition of the Oakland Post: Week of May 21 – 27, 2025
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
-
Activism3 weeks ago
After Two Decades, Oakland Unified Will Finally Regain Local Control
-
Activism3 weeks ago
Oakland Post: Week of May 14 – 20, 2025
-
Alameda County3 weeks ago
Oakland Begins Month-Long Closure on Largest Homeless Encampment
-
Activism3 weeks ago
New Oakland Moving Forward
-
Barbara Lee3 weeks ago
WNBA’s Golden State Valkyries Kick Off Season with Community Programs in Oakland
-
Activism3 weeks ago
East Bay Community Foundation’s New Grants Give Oakland’s Small Businesses a Boost
-
Bo Tefu3 weeks ago
Gov. Newsom Highlights Record-Breaking Tourism Revenue, Warns of Economic Threats from Federal Policies
-
Bay Area3 weeks ago
Chevron Richmond Installs Baker Hughes Flare.IQ, Real-time Flare Monitoring, Control and Reduction System
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