S. 897, the Bank on Student Loan Fairness Act, would make our government fund student loans through the Federal Reserve -- meaning federal student loans wouldn't have a 3.4% interest rate (or a 6.8% rate, as it will if Congress does nothing to extend the 3.4% rate expiring at the end of June), but an 0.75% interest rate. The bill's sponsor, Sen. Warren (D-MA), reminds us that our beloved banksters, the same ones who trashed our economy, can borrow from our government at 0.75%, but students, who pursue an education so that they might make something of themselves and do something for our society, can't. What will banksters do with these loans, besides redistribute more of our wealth upward to themselves? I remember how all of last year's action alerts about student loan rates called for a mere extension of the 3.4% rate; it's past time we demanded a lot more. Daily Kos helps you tell your Senators to support S. 897.
Meanwhile, Pennsylvania's Department of Environmental Protection (DEP) Secretary, Michael Krancer, has resigned -- tired, apparently, of fighting EPA drilling regulations, cheerleading DEP department budget cuts, and providing incomplete water reports to the homeowners who demand them -- and will return to the gas drilling lobby from whence he came. And his interim successor, Chris Abruzzo, has no expertise in environmental science and works part-time at this gig (his other gig, as Gov. Corbett's Chief of Staff, must be too demanding), and that tells you all you need know about how much Tom Corbett values your clean water. But it's remotely possible Mr. Corbett might appoint a successor who'll do right by the people of Pennsylvania, since his devotion to the far-right agenda advanced in state houses across America has made him quite unpopular here. So CREDO helps you tell Mr. Corbett to do the right thing. For once.
Finally, if you've missed previous opportunities to tell the Securities and Exchange Commission (or SEC) to force publicly-traded corporations to disclose their campaign spending, Demand Progress helps you do that. This wouldn't be executive branch "tyranny" -- it'd be the SEC fulfilling its obligation to protect those good Americans who hold shares in publicly-traded corporations, a lot of whom would be pretty miffed to find their corporate overlords spending millions of dollars of shareholder money on the likes of 2012 Ohio U.S. Senate candidate Josh Mandel, who only finished five points back of Sherrod Brown because of the $40 million spent on his behalf. You'll be happy to learn that over half a million Americans have already submitted comments supporting mandated disclosure -- and perhaps you'll be amused to find ALEC and the U.S. Chamber of Commerce and other big corporate flacks opposing it. What do they have to hide?