I read a few comments that President Bush could save a lot of postage by direct depositing the economic stimulus checks in the oil companies' bank accounts instead of sending them to taxpayers. Well, I cut back my driving, but there's no escaping Sallie Mae for my son. So, despite having a meager paycheck, his 3 month "forbearance" period ends this month and he's up for over $800 a month in loan payments to that evil company that owns so many Congress members. And I can't let him go into financial disaster because of it, so we're on the hook to help out. (I almost said, "I can't let him go into bankruptcy over it," but then I remembered that the evil giant got the law changed so that if you're bankrupt - hell, even if you're dead, probably - you still have to pay Sallie Mae. Forever. And in ever-increasing amounts that make Payday Loans look like a good deal.
Or, maybe more accurately, you still have to pay former chief robber Al Lord, at least until he dropped the F-bomb at a meeting and had to resign. But I doubt he's given up all the spoils of his CEO-ship. As CBS News' Leslie Stahl reported last year:
'"It would be very hard for me to tell you that what I make is not a lot of money," Lord said. Said to be worth a quarter of a billion dollars, Al Lord is building his own private golf course and made a bid to buy a professional baseball team. During the past 13 years taxpayers have spent $40 billion on guaranteed student loans. Sallie Mae would not tell 60 Minutes how much of that went to them.'
So I'll suggest that Bush just transfer the rebates for anyone who has Sallie Mae loans directly to Al Lord's (probably offshore) bank account. He can pay his golf course landscapers a few hundred bucks, and so help out some of their relatives back home, and he can spend the rest on whatever rich people spend money on. Trickle down economics, you know. As in, Al (and all the Congressmen he's bought) stand there and piss on regular people like us, and it trickles down our throats, after we asked the Federal government for finanical aid and filled out all those FAFSA forms that did nothing but give Sallie Mae all our private information. I love this country.
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