Friday, October 21, 2011

Paul Ryan tells College student with crushing loan to get 3 he did?

Rep. Paul Ryan has resorted to just making things up now. With no regard for facts or actual dollar amounts, he's getting lazy, BS'sing his way through town hall sessions like a street vendor selling knock off watches. 

Think Progress came up with this gem, where Ryan tells a college student to get three jobs if he's having a hard time paying for his student loans. In fact, Ryan would do away with the grant altogether and simply dump people into private banks (another gift to bankers). 

In an economy with lower wages, benefits, high tuition's, crushing college loans, and fewer and fewer jobs, Ryan's 3 jobs advice is cruel.

LOWE: I come from a very middle-class family and under President Obama, I get $5,500 per year to pay for school, which doesn’t come close to covering all of the funding, but it helps ease the burden. Under your plan, you cut it by 15 percent. I was just curious why you would cut a grant that goes directly to the middle- and lower-class people that need it the most.

RYAN: ‘Cause Pell Grants have become unsustainable. It’s all borrowed money…Look, I worked three jobs to pay off my student loans after college. I didn’t get grants, I got loans, and we need to have a system of viable student loans to be able to do this.

The second concern I have is, in the health care bill — people don’t know this — for budgetary gimmickry reasons, the administration and Congress at the time, took over the student loan industry. So they had the federal government, the Department of Education, basically confiscate the private student loan industry.

Ryan leaves out how much money the government saves not paying banks for processing government backed Pell grants.

Ryan worked 3 jobs to pay for his student loans? That’s doesn’t mesh with this interesting part of Ryan’s bio:
Ryan's father died when Paul was only 16. Using the Social Security survivors benefits he received until his 18th birthday, he paid for his education at Miami University in Ohio, where he completed a bachelor's degree in economics and political science in 1992.

Let’s see the proof of these jobs, Paul. How much was the loan? In reality, Ryan never had to look too far for work or worry about being unemployed:
Ryan worked as a marketing consultant for his family's construction business before being elected to Congress. Ryan Incorporated Central began as an earthmoving business created by his great-grandfather in 1884. 

1 comment: