Student loan debt runs to about $30,000 per graduate of the class of 2013, as Phil Izzo writes in the Wall Street Journal. And the total amount of student loans outstanding runs to almost a trillion dollars: more than either credit card balances or automobile loans. More than any form of consumer debt other than home mortgages.
Pool was ushered into Harvey Weinstein's 5 story West Village town home for POTUS's remarks to the assembled donors. The ground floor room contained 8 tables of 8, covered in white linen with roses as a centerpiece.
Several White House staffers were seated at the tables including Dan Pfeiffer and Jay Carney. Patrick Gaspard was standing in the right side of the room (POTUS's) right.
Late last week, we learned that the Department of Health and Human Services was running a little short of the scratch it needed to sell the Affordable Care Act (Obamacare) to the people who will reap its many benefits. Sarah Kliff at the Washington Post reported:
As the White House first announced in March, Barack Obama is scheduled to visit Mexico and Costa Rica later this week. The trip is billed as "an important opportunity to reinforce the deep cultural, familial, and economic ties that so many Americans share with Mexico and Central America." And at yesterday’s White House press conference, the president stated that he is "very much looking forward to taking the trip down to Mexico" this week.
President Obama has never been shy about hitting up those "millionaires and billionaires" for the cash he needs to bash them and "fundamentally transform" things. Up to now, they have been generous but patience, it seems, is beginning to fray. The donors would like to see some more action and hear fewer pleas for money.
John Kerry, who is worth an estimated $198.65 million, will donate $9,175 because of the so-called sequestration.
"A day after Obama and Defense Secretary Chuck Hagel said they'd return 5 percent of their paycheck to the Treasury, Secretary of State John Kerry followed in somewhat similar fashion," the Huffington Post reports.
The details of a stimulus grant awarded to Indiana University to study condom use have now been released on a government website. The study, titled "Barriers to Correct Condom Use," is now completed, according to the website, and the university received $423,500 of stimulus funds to perform the study.
President Barack Obama raised campaign funds yesterday for the 2014 House elections. Visiting the homes of California billionaires, Obama touted Nancy Pelosi, as a primary reason for Democrats needing to win the next national election.
At a speech this morning at the White House to outline a new science initiative, President Barack Obama named himself "Scientist-in-Chief."
"I’m glad I’ve been promoted Scientist-in-Chief," Obama said to laughter at the White House. "Given my grades in physics, I’m not sure it’s deserving. But I hold science in proper esteem, so maybe that gives me a little credit."
As the sequester bore down on Washington, the dire warnings from the Obama administration gave the impression that wild horses couldn't drag another dime out of the treasury for a whole host of vital government services. Aircraft carrier refueling, the Head Start program, and White House tours were among the high profile victims.
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