Congress has given the President NO CHOICE but to work through Executive Orders - and I applaud him. As for Congress- I think they all need to be ousted, especially the Tea Party, who won't even work with their Republican colleagues.
Here are the summaries of the THREE Executive Orders now signed into Law:
1) U.S. throws lifeline to underwater homeowners
WASHINGTON (Reuters) -
Homeowners who owe more than their properties are worth got new help on Monday
with the government's expansion of a refinancing program in a step that could
help up to 1 million borrowers.
The regulator of mortgage finance
giants Fannie Mae and Freddie Mac eased the terms of a program that helps
so-called underwater borrowers who have made payments on time but have been
unable to refinance.
FULL STORY: http://www.reuters.com/article/2011/10/25/us-usa-housing-idUSTRE79K6JY20111025?feedType=nl&feedName=ustopnewsearly
October 25, 2011 06:04 AM ET WASHINGTON
(Reuters) - The White House said on Tuesday that President Barack Obama will
take executive action to help military veterans find work, bypassing
congressional Republicans to show voters he is serious about creating jobs. "Today, we are announcing two new initiatives
that will help create jobs for veterans at community health centers and
expand opportunities for veterans to become physician assistants," a
White House official said.
FULL STORY: http://www.reuters.com/article/2011/10/25/us-obama-jobs-veterans-idUSTRE79O23P20111025?feedType=nl&feedName=ustopnewsearly
3) Help for Students Paying Loans
The Administration is moving forward with a new "Pay As You Earn" proposal that will reduce monthly payments for more than one and a half million current college students and borrowers. Starting in 2014, borrowers will be able to reduce their monthly student loan payments to 10 percent of their discretionary income. But President Obama realizes that many students need relief sooner than that. The new "Pay As You Earn" proposal will allow about 1.6 million students the ability to cap their loan payments at 10 percent starting next year, and the plan will forgive the balance of their debt after 20 years of payments. Additionally, starting this January an estimated 6 million students and recent college graduates will be able to consolidate their loans and reduce their interest rates. FULL STORY: http://content.usatoday.com/communities/theoval/post/2011/10/obama-orders-changes-to-student-loan-payments/1?csp=Dailybriefing
3) Help for Students Paying Loans
The Administration is moving forward with a new "Pay As You Earn" proposal that will reduce monthly payments for more than one and a half million current college students and borrowers. Starting in 2014, borrowers will be able to reduce their monthly student loan payments to 10 percent of their discretionary income. But President Obama realizes that many students need relief sooner than that. The new "Pay As You Earn" proposal will allow about 1.6 million students the ability to cap their loan payments at 10 percent starting next year, and the plan will forgive the balance of their debt after 20 years of payments. Additionally, starting this January an estimated 6 million students and recent college graduates will be able to consolidate their loans and reduce their interest rates. FULL STORY: http://content.usatoday.com/communities/theoval/post/2011/10/obama-orders-changes-to-student-loan-payments/1?csp=Dailybriefing
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