Daily Archives: 24 May 2018

Confusion, or….

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The NLMSM has its collective panty in a twist over US Ambassador to the UN Nikki Haley’s use of her twitter account.

Or they’re manufacturing a paranoia about her use, claiming she’s campaigning for the Presidency by using her personal Twitter account for Official Business.  Here’s what Politico offered as examples of this misuse.

That can’t possibly be a personal opinion shared with her personal followers.  Nope—that’s Official Business.  She’s instructing staff with that expression.

And this:

Yeah, that’s an Official Instruction to…someone…all right.

And this:

Because any expression of sympathy and commiseration and encouragement can only be Official Business.

The NLMSM is getting desperate in its search for criticisms those not within its narrative.

Student Loan Delinquency

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…rates are declining.  Or so a headline number implies.

The share of new delinquencies on student loans has fallen to the lowest level in more than decade—and it’s not just due to the healthy labor market.

In the first quarter, slightly over 9% of student debt outstanding was newly delinquent….

Aside from employment rates, which encourage jobs as trade-off for college, the decline is laid off to a couple of causes.

[F]forbearance[] allows borrowers to go months without making a payment while remaining in good standing on their debt.

And

[I]ncome-driven repayment[] sets borrowers’ monthly payments as a share of their income….

These are legalist sophistries only; the debts still aren’t being repaid along the timelines nominally agreed.  The lenders—us taxpayers—still are being hurt by these legal shenanigans, and there’s no real expectation that these loans actually will be repaid, even in the long (much longer) run.  Nor is there any serious hope that the opportunity cost of the forgone monies, tied up as they are in those practically, if not legally, nonperforming loans, will be repaid at all.