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Obama seeks debt collector proposal
North County Times ^ | October 4, 2011 | AP

Posted on 10/04/2011 2:53:44 AM PDT by Cincinatus' Wife

To the dismay of consumer groups and the discomfort of Democrats, President Barack Obama wants Congress to make it easier for private debt collectors to call the cellphones of consumers delinquent on student loans and other billions owed the federal government.

The change "is expected to provide substantial increases in collections, particularly as an increasing share of households no longer have landlines and rely instead on cellphones," the administration wrote recently. The little-noticed recommendation would apply only to cases in which money is owed the government, and is tucked into the mammoth $3 trillion deficit-reduction plan the president submitted to Congress.

Despite the claim, the administration has not yet developed an estimate of how much the government would collect, and critics reject the logic behind the recommendation.

(Excerpt) Read more at nctimes.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: bhofascism; debt; debtcollection; democrats; economy; govtabuse; hopeychangey; jobs; liberalfascism; liberals; obama; progressives; studentloans
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To: Tyrone13

Ditto, you said exactly what I said. And said it well!


41 posted on 10/04/2011 7:24:01 AM PDT by bvw
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To: wintertime
My daughter graduated from a conservative college on a Saturday. We started on a three day road trip home the following Monday, arriving the Thursday morning. She landed an interview in her field the very next day and was offered the job the following Monday.

Of course, she wasn't as picky as she might have been, but she also got a marketable degree and had the relevant experience.

42 posted on 10/04/2011 7:25:41 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Vigilanteman
Congratulations! To you and your daughter.

My son is finishing his one last course for his masters in accounting. He was offered a job last June and will start in January.

Yes, there are jobs out there for people who have planned wisely.

43 posted on 10/04/2011 7:46:24 AM PDT by wintertime (I am a Constitutional Restorationist!!! Yes!)
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To: Cincinatus' Wife

given how debt collectors regularly ignore the law, this is pointless anyways. There is no need for this law.

What they should do is go back to student loans being dischargable in bankruptcy since most university degress have very little value in the real employment world.


44 posted on 10/04/2011 8:32:47 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: wally_bert
I may have to get Sprint.

The cool thing is forwarding unanswered calls with Sprint is free. Normally a forwarded call costs a dime.

45 posted on 10/04/2011 10:59:59 PM PDT by VeniVidiVici ("Si, se gimme!")
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