There’s an abundance of good cartoons this week. But before we get to them, let’s spend a few moments on the multi-year disaster in the US Department of Education (DOE). From NPR:
“…the US Department of Education is going to review the loan histories of most federal student loan borrowers….And the reason, in the department’s own words, is to, quote, “remedy years of administrative failures that effectively denied the promise of loan forgiveness to certain borrowers.” This review is expected to trigger loan forgiveness for tens of thousands of people and bring millions more closer to having their loans erased.”
More: (emphasis by Wrongo)
“For years, income-driven repayment was badly mismanaged by Ed and its loan servicers, making it really hard for borrowers to access. And so hardly anyone has qualified for that forgiveness.”
Finally: (brackets by Wrongo)
“Our investigation in April showed some [loan] servicers weren’t keeping track of how close borrowers were to loan forgiveness. Also, some borrowers weren’t getting credit for all their payments, or they were even losing months of credit when they were transferred from one servicer to another. After our reporting came out, members of Congress called for an investigation. And later that month in April, the department announced this big retroactive overhaul that’s now getting started.”
This amounts to $5 billion in forgiveness for 74,000 borrowers. When people talk about how the government is terrible, they should be talking about the decades of mismanagement at US DOE. On to cartoons.
The destruction of Gaza won’t win the US any friends in the Middle East:
Biden declares the Houthis terrorists:
GOP intransigence on funding for Ukraine continues:
Iowa win means Republicans fall in behind Trump:
The GOP still singing the same old tune:
S&P hits record high, but Biden’s still too old:
Baby it’s cold outside:
The blame should be to the entire program, but special blame to Secy De Vos who tried to undo efforts begun under Obama to help borrowers.