Watch the Numbers Turn on the Student Debt Clock

The counter at the time of posting. Click to go to the site for the current total.


$848,193,864,069 at 2:52. $848,194,027,574 at 2:53. It’s frightening how fast the figures change on the student debt clock.

Total student loan debt outstanding exceeded total credit card debt outstanding for the first time in June 2010. The seasonally adjusted figure for revolving credit in the Federal Reserve’s G.19 report (current report, historical data) was $826.5 billion in June 2010. (Credit card debt represents as much as 98% of revolving credit.)

It’s a big problem and a growing one. Graduates are not making enough when they leave college to make the payments on their student loans, yet it is nearly impossible to discharge such loans, even through bankruptcy. College students are clearly borrowing to much and you may be tempted to say let them suffer the consequences.
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New York City, Murfreesboro, Tennessee and Islamophobia

This is the United States of America! Most of us realize that what makes our country great is not our military or economic power, but what we stand for, the principles laid out in our Declaration of Independence and made law in our Constitution. One of our most sacred principles, one which drew many of our ancestors to this place, is freedom of religion. And yet lately one group finds itself under attack purely because of their religion. It started with the argument over the so called Ground Zero Mosque, and the rhetoric over that has stoked the flames of something more dangerous, as exhibited by this story of an attack on the construction site of a mosque in the Nashville suburb of Murfreesboro, Tennessee.

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Academic Freedom Media Review, August 14-20

Speak, by R. Baxter © All Rights Reserved


“I disapprove of what you say, but I will defend to the death your right to say it.”
— from the Friends of Voltaire
When Laura Schlessinger quit her job this week, she made claims about violations of free speech and her first amendment rights. This is absurd. Her show is on commercial radio network. The First Amendment applies to the government infringing on free speech; a commercial network needs to think about the listeners or viewers, as well as the advertisers. Laura Schlessinger is free to use the “N-word” as much as she wants in the privacy of her own home, and speeches for organizations that share her views, or just out on the street if she’s prepared to deal with the consequences.
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Citizens Medal

President Barack Obama turns 49 today. Happy Birthday Mr. President! But the celebration at the White House that really deserves attention today is the announcement of the recipients of The Citizens Medal.

The Citizens Medal is the second highest civilian honor in our nation. For over 40 years, some of America’s most respected heroes and public figures like Muhammad Ali, Colin Powell and Bob Dole, and everyday heroes like Oseola McCarty, a washerwoman who left her entire life savings to establish a scholarship for students in need, have received this award.

This year the White House solicited nominations for the medal directly from the general public and narrowed them down to 13 recipients who have done great things in their community. See who they are and what they did here. Isn’t it wonderful to see people acknowledged for good works?

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Using the BP Crisis for Political Gain

The Daily Show holds them accountable again.  Did you catch this segment last night? Say something one day, contradict yourself another and, in general, the media lets them get away with it. Not the Daily Show. Yay Jon!

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Day 62 – The Strife Aquatic
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So politicians flip-flop according to the political breeze from one day to another. No big surprise. But Joe Barton’s assertion that the administration should apologize for “shaking down” BP was only the most shocking moment in a charade during this completely absurd hearing.
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Putting the Call for Energy Independence in Context

Jon Stewart talks about Nixon and an energy-independent future

When it come to current events, the most informative hour on television is the slot occupied NewsHour on PBS. This is a full hour devoted to the news that is nearly commercial free. It is an excellent news broadcast, but for a generation used to infotainment, that can seem rather dry.
The second most informative hour is, arguably, the hour occupied by The Daily Show and The Colbert Report on Comedy Central. People shake their heads with a “tsk, tsk” when they are told that many in the younger generation get most of their news from The Daily Show, and it is a problem if this is the only source, but I daresay that an analysis of the content in the flagship news broadcasts on any network and that on The Daily Show would reveal that on many nights as much or more of the Daily Show is devoted to serious, important, timely topics than is the network news, particularly on those days when the guest is not an entertainer. Certainly the Daily show often provides more context, albeit through humor.
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