The Sequester Strikes its First Victims!

[regular.joe]

What's the use of having all that green if you you can't buy a few politicians????

[tw]

Originally Posted by regular.joe

What's the use of having all that green if you you can't buy a few politicians????

Warren Buffet, Bill Gates, Andrew Carnegie, the Rockefeller family, and recently Michael Bloomberg all answered that question in numbers that have exceed $billions.

[IamSam]

tw wrote We have a sequester because extremists say "my way or the highway". Or "we want America to fail" - a direct quote from Rush Limbaugh. Or "Reagan proved that deficits don't matter" - a direct quote from the extremist VP Cheney. Last week was a perfect example of how many adults can be manipulated like children. They voted for Berlusconi.

I don't know about Italy, but in the US, tea party members are an extremely ignorant and uninformed group. I suppose you could say that makes them like childrem. However, IMO they are just xenophobic and closed minded.

The far right has a significant percentage of people with racist attitudes as I've mentioned before in other threads. There is a genuine fear that black people will riot in the streets if they happen to feel like it - for whatever reason. Even a dweller here (who shall remain anonymous) mentioned to me in a pm that they were concerned because if Obama lost the recent election, African Americans would take to the streets and disrupt the entire country.

Such beliefs contribute to the " just say 'no' " attitude of conservatives in the House. They are outwardly enraged and secretly frightened that a black person has become POTUS not only once, but twice. Thus, anything Obama suggests is immediently opposed as a manner of routine. I bet that the tea party would suddenly decide the rich should be taxed to the hilt if Obama made a speech saying he had changed his stance and wanted to protect the wealthy from any new taxes.








sent by waves bounced off a million tin hats

[infinite monkey]

From my national association newletter:

How does it impact the Federal Student Aid Programs?

The Office of Management and Budget (OMB) has announced that sequestration will cut overall ED funding by $2.278 billion. For federal student aid, the Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work Study (FWS), TEACH Grant, TRIO, Gaining Early Awareness and Readiness for Undergraduate Programs (GEAR UP), and Graduate Assistance in Areas of National Need (GANN) will each see an estimated 5.0 percent cut during the first year of sequestration.

Stafford Loan origination fees are expected to rise from 1.00 to 1.05 percent and PLUS origination fees to rise from 4.00 to 4.20 percent. Annual or aggregate loan limits would not be impacted.

The Pell Grant is protected from sequestration for the first year. In years 2-10, (Award Years 2014-15 though AY 2022-23) Pell will be subject to cuts as a result of sequestration.

The specific long-term impact on Department of Education (ED) contractors is unknown.

When will I know how much was cut for the student aid programs at my campus?

Hopefully soon, but it could take several weeks to find out what the new campus-based allocations under sequestration will be for your campus-based programs. Using ED's institutional-level formula elements for the 2013-14 tentative campus-based allocations, NASFAA has created a list of estimated campus-based reductions on an institutional basis for both the FWS and FSEOG programs as a result of the impending sequester.

What should I tell my students?

For schools preparing award letters for the 2013-14 award year, we advise that award letter language include clear caveats that award amounts for FWS, FSEOG, TEACH, and loan origination fees are subject to change based on federal funding.

It's always fun telling students "I don't know nuttin'" when we're waiting on the feds. It's also fun for me when loan fees change midstream. Reporting nightmare.

Just a view from this side of the sequestration. The More You Know.