Rush Limbaugh vs. Contract Law violations in College Debt crisis





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Published on Jul 13, 2014

(STEREO audio/video) I seek the assistance of Rush Limbaugh in calling out Congress' violation of Contract Law. NOTE: This 'Fair Use' clip features a cameo appearance by Limbaugh's great call-screener, Bo Snerdley, aka the famous radio personality, James Golden. -- Bo will be surprised that I feature him (as he was not on air at the time), but it's all good: Not only do I portray the E.I.B. Network in good light, but it is also permitted by 'Fair Use,' as this is merely a single clip of my 'Open Line Friday' call this past Friday, 11 July 2014.

I asked Rush about when he called out Pres. Obama for violating long-standing Contract Law (by capping payments on college loans). - Why, I ask Rush, does he not call out Congress for the same thing, since Congress, by the passage of the Bankruptcy Reform Act of 1994 (P.L. 103-394, enacted October 22, 1994), which amended the FFELP (Federal Family Education Loan Program), removed ALL standard consumer protections (truth in lending; bankruptcy proceedings; statutes of limits; the right to refinance; adherence to usury laws; and, Fair Debt & Collection practices, etc.) normally afforded to any borrower.

Heck, Donald Trump filed for Bankruptcy four (4) times - for MILLION$... why can't college students be afforded the same safety net -especially as it was in their original loan contract? (Congress changed the rules mid-race.) Caveat: Students *can* qualify for bankruptcy, but only if their pass the nearly-impossible 'Undue Hardship' test... I think my call-in is more interesting than this long, boring write-up, so why don't you pull up a seat, grab a Latee', and listen to the fun!...

Hmm... oppressive nature of Federal Law regarding College Loans... TRIVIA: Student Loan Debt has, for the 1st time ever in America, surpassed Credit Card Debt, exceeding $1 Trillion U.S. Dollars - that is a Thousand Billions -and a 'Billion' is a Thousand Millions -a lot of dough.

Important: While the GOP has been 'good' in some areas (trying to get Government out of the business of Higher Ed loans, which, of course, tempt colleges to raise tuition to match increased borrowing ability), Republicans are usually *against* students having the same Bankruptcy rights that they, themselves -and their rich cronies -enjoy.

Therefore, we must remember to pray for leaders, like Rep. Ross (featured in the video immediately before this one), who are brave enough to "go against the grain," to defend the weak and powerless against indentured servitude and other oppression.

For a very deep discussion of all the pro's and con's on the Higher Education crisis, point your web browsers to:

* http://GordonWatts.com/Higher-Ed-Tuit...
* http://GordonWayneWatts.com/Higher-Ed...

And, pay special attention to the 'Legal Research' link at the top left of the Op-Ed linked above.

Gordon Wayne Watts
Editor-in-Chief, The Register

PS: At about 2:51-2:52, there is an overlap in title... I was trying to say: "(GW: In case u missed it, my 'on-air' audio-feed was cut off earlier, so I wasn't live on air.)"


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