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> So, millenials voting for Obama were wrong? Hi, unfortunately, yes. I, like many others, wrote to him [and a few notable Democrat and Republican Senators who
by jsoc815 8y ago
> So, millenials voting for Obama were wrong?
Hi, unfortunately, yes. I, like many others, wrote to him [and a few notable Democrat and Republican Senators who publicly champion(ed)] SL reform. My letter actually had supporting facts, and practical actionable policy suggestions. I heard back (directly) only from one Senator, a Republican, whose form letter was unrelated to SLs.
Though I didn't receive a direct response from anyone in Obama's administration, shortly after I'd sent my letter, the administration suggested cutting the SL interest deduction, which was polar opposite of what I'd suggested.
And as you probably know, during last year's tax reform debates, the Republicans picked up, but ultimately dropped, that very same idea of removing said deduction.
There were some other policy changes that I saw effected after my letter that makes me certain that it was read and understood. Unfortunately, those changes, harmful to borrowers, were again the opposite of what I'd suggested.
Given what I am reading in Ron Suskind's Confidence Men, and have read/heard elsewhere, I'm not all that surprised.[1]
Young people will continue to be politically and financially expendable until they learn from history, organize themselves into strong blocks and directly involve themselves in the political process. Voting is merely a small part of participation. And I say that having been on the inside of the political machine.
[1] http://ronsuskind.com/books/confidence-men/ http://ronsuskind.com/books/confidence-men/