Obama seeks debt collector proposal FOR US
To the dismay of consumer groups and the discomfort of Democrats, President Barack Obama wants Congress to make it easier for private debt collectors to call the cellphones of consumers delinquent on student loans and other billions owed the federal government.
The change “is expected to provide substantial increases in collections, particularly as an increasing share of households no longer have landlines and rely instead on cellphones,” the administration wrote recently. The little-noticed recommendation would apply only to cases in which money is owed the government, and is tucked into the mammoth $3 trillion deficit-reduction plan the president submitted to Congress.
This is PRECISELY what the US govt has forbidden private businesses to do to try to collect money owed. However, they reserve ILLEGALITY FOR THEMSELVES.
WHAT WILL IT TAKE 53%?
WHAT WILL IT TAKE?
3 comments:
HA! This undermines "Demand #11" of Obama's army on Wall Street . . . "Demand eleven: Immediate across the board debt forgiveness for all. Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans and personal loans now! All debt must be stricken from the "Books." World Bank Loans to all Nations, Bank to Bank Debt and all Bonds and Margin Call Debt in the stock market including all Derivatives or Credit Default Swaps, all 65 trillion dollars of them must also be stricken from the "Books." And I don't mean debt that is in default, I mean all debt on the entire planet period."
Obama wants Congress to make it easier for private debt collectors to call the cellphones of consumers delinquent on student loans and other billions owed the federal government.
Students loans are in severe default. I know this for a fact because several of my former students have defaulted. They can't find employment!
"They can't find employment!"
Tell them to call the loan collectors, apparently they will be hiring, then they can all call each other while the govt cuts check to the collection agencies for time billed and a cut of the debts, which will have to be extorted from all ... but hey... this is called creating jobs.
Next week the govt will insist the health insurance we have to buy be from salespeople they hire, and then they can have the newly hired govt collectors go after the billings.
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