Obama is a f***ing douchebag of the first order. Don’t expect consistency or logical consideration in any of his actions.
What a scumbag.
Obama’s use of 529s is evidence that they are tools of the ruling class from wealthy white families, since he is the grandson of a wealthy white family.
Yes let’s not forget that several Democrats have floated the idea of confiscating 401K accounts to shore up Social Security.
The Democrats hate the middle class. They hate people who can make it on their own because it shows just how little people really need government.
I work with an African-American man who has 2 daughters in college. I have put two children through and have more to go.
I mentioned how much my wife and I have sacrificed to pay their tuition, fees, room, board, and expenses.
He looked at me first with incredulity, and then satisfaction, and exclaimed:
"I have had hardly paid a dime."
I later learned that his daughters did not earn academic scholarships, but Affirmative Action payments by the universities that essentially have his daughters a free ride.
How are we not to feel bitterness towards this injustice? How much longer can it go on?
later
Whites Need Not Apply
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Obama is a skin-bag full of crap.
In his 2006 book The Audacity of Hope, Obama praised 529s, and in 2007 actually used book earnings to make a $240,000 contribution to his own family’s 529 accounts, according to financial disclosures. With his own 529s topped off, he tried to yank the ladder away for everyone else.
Typical.
MSM currently doing same thing, hiding Obama’s massive New Years’ Eve expansion of immigration waivers for college graduates via Federal register.
Government Black Hole / Obamafail bump for later....
Kill the program - something Obama and I agree on.
The fact Americans need to use 529’s in the first place shows how ridiculous and complex our tax and education system are
Then to be a D-bag, Obama puts another curve-ball on that.
Would it be better to invest in a traditional investment plan, savings account, CD’s, under the mattress?
There just seems to be no predictability anymore in any Gov’t approved tax deferred plan.