subsidies

In the film, “Monty Python and the Holy Grail,” King Arthur severs both of the Black Knight’s arms during a sword fight, but the Black Knight attempts to battle on.

The king admonishes him: “You’ve got no arms left.”

The knight refutes that: “Yes I have.”

“Look,” at the obvious, the king tells him. more »

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China is cheating again. Yawn... China is subsidizing its paper industry ($33 billion 2002-09) and has tripled their production, and now is the largest producer of paper and paper products. Yawn.

This has cost jobs and approximately 400,000 remaining American jobs are at risk. And the companies they work for. NOT so yawn! more »

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We at the Campaign for America’s Future congratulate the Senate today for passing historic student-loan reform, via a budget reconciliation bill that also contains historic health-care legislation. This reform ends wasteful billion-dollar bank subsidies with a shift to federal direct lending, and invests much of the savings to students. more »

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Something so simple, so easy: end tens of billions of dollars in bank subsidies to the private lending industry and return much of the savings back into the hand of students, with the Department of Education providing loans to students directly. A no-brainer right? Well reform may be a no-go, if six Senate Democrats have their way. more »

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Americans who travel out of the country will tell you about how the US is so visibly falling further and further behind the rest of the world. This hurts our ability to compete economically. The cause of the problem was tax cuts. The solution is certainly not more tax cuts. more »

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Representative John Kline (R-MN) and Senator Mike Enzi (R-WY) introduced legislation this week that keeps our broken student loan system in status quo, with corrupt private lenders and federal bank subsidies worth billions. more »

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The Student Aid and Fiscal Responsibility Act (SAFRA) is expected to be introduced in the House today. A historic bill, it will invest billions in student aid and higher education, while ending subsidies to banks (See Bob Brandon’s post outlining the bill here). more »

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They must be desperate. Unhappy with the Obama plan to end subsidies for student loan lenders, Republicans look to mar the benefits gained by the plan. Touting findings by an unofficial CBO estimate, Republicans look to use it as ammunition to kill the historic Student Aid and Fiscal Responsibility Act. But with a closer look, their arguments receive a failing grade. more »

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