Members of Congress are speaking more like high school sophomores, according to the findings of a new study.

The study, undertaken by the Sunlight Foundation, found that the level of discourse has dropped roughly one grade level since 1995.

Read More Here.

(Photo: Digital Vision/Digital Vision/Thinkstock)

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Members of the Class of 2012,

As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you’re picking up today.

You’re f*cked.

Well, not exactly. But you won’t have it easy.

First, you’re going to have a hell of a hard time finding a job. The job market you’re heading into is still bad. Fewer than half of the graduates from last year’s class have as yet found full-time jobs. Most are still looking.

That’s been the pattern over the last three graduating classes: It’s been taking them more than a year to land the first job. And those who still haven’t found a job will be competing with you, making your job search even harder.

Contrast this with the class of 2008, whose members were lucky enough to get out of here and into the job market before the Great Recession really hit. Almost three-quarters of them found jobs within the year.

You’re still better off than your friends who didn’t graduate. Overall, the unemployment rate among young people (21 to 24 years old) with four-year college degrees is now 6.4 percent. With just a high school degree, the rate is double that.

But even when you get a job, it’s likely to pay peanuts.

Last year’s young college graduates lucky enough to land jobs had an average hourly wage of only $16.81, according to a new study by the Economic Policy Institute. That’s about $35,000 a year – lower than the yearly earnings of young college graduates in 2007, before the Great Recession. The typical wage of young college graduates dropped 4.6 percent between 2007 and 2011, adjusted for inflation.

Presumably this means that when we come out of the gravitational pull of the recession your wages will improve. But there’s a longer-term trend that should concern you.

The decline in the earnings of college grads really began more than a decade ago. Young college grads with jobs are earnings 5.4 percent less than they did in the year 2000, adjusted for inflation.

Don’t get me wrong. A four-year college degree is still valuable. Over your lifetimes, you’ll earn about 70 percent more than people who don’t have the pieces of parchment you’re picking up today.

But this parchment isn’t as valuable as it once was. So much of what was once considered “knowledge work” – the kind that college graduates specialize in – can now be done more cheaply by software. Or by workers with college degrees in India or East Asia, linked up by Internet.

For many of you, your immediate problem is that pile of debt on your shoulders. In a few moments, when you march out of here, those of you who have taken out college loans will owe more than $25,000 on average. Last year, ten percent of college grads with loans owed more than $54,000. Your parents have also taken out loans to help you. Loans to parents for the college educations of their children have soared 75 percent since the academic year 2005-2006.

Outstanding student debt now totals over $1 trillion. That’s more than the nation’s total credit-card debt.

The extraordinary rise in student debt is due to two related facts: the cost of a college education continues to increase faster than inflation, and state and local spending per college student continues to drop – this year reaching a 25-year low.

But this can’t go on. If unemployment stays high for many years, if the wages of young college grads continue to fall, if the costs of college continue to rise and state and local spending per college student continues to drop, and if the college debt burden therefore continues to explode – well, you do the math.

At some point in the not-too-distant future these lines cross. College is no longer a good investment.

That’s a problem for you and for those who will follow you into these hallowed halls, but it’s also a problem for America as a whole.

You see, a college education isn’t just a private investment. It’s also a public good. This nation can’t be competitive globally, nor can we have a vibrant and responsible democracy, without a large number of well-educated people.

So it’s not just you who are burdened by these trends. If they continue, we’re all f*cked.

Mitt Romney (Image: ABC News.com)

According to the Huffington Post:

Reporters covering Mitt Romney’s campaign sent out a volley of tweets on Wednesday, complaining that they had been prevented from asking the presumptive Republican nominee questions at an event in Florida.

Trouble between the campaign and the press apparently started at the beginning of the day. Sara Murray, a Wall Street Journal reporter, tweeted that journalists had been told they would not be asking any questions of Romney. “Isn’t that our decision?” a reporter asked.

Reporters were physically kept away from asking Romney questions, as he worked a rope line greeting supporters.

Read the whole story HERE. 

Black pastors across the country dwelt on President Barack Obama’s stance during worship services Sunday, after Obama’s May 9 announcement that he supports gay marriage.

The Rev. Emmett C. Burns Jr., a politically influential black minister, held an event Sunday at his Rising Sun Baptist Church in Baltimore, Md., to publicly withdraw support from Obama over his same-sex marriage support, CNN reported. “I love the president, but I cannot support what he has done,” Burns was quoted as saying at the church. He also predicted that Obama’s stance would lead to his defeat in November.

Many other black ministers differed with Obama’s stance but also said they’d continue to support him.

Read More Here.

Florida’s U.S. Rep. Daniel Webster (8th District), joined his colleagues in the House Thursday and voted to cut food stamps, federal workers’ benefits and other domestic programs to avoid scheduled reductions in defense spending.

The measure, H.R. 5652, which passed in a 218-199 vote, will cut about $310 billion in spending to replace automatic defense-spending reductions that lawmakers in both parties agree shouldn’t be allowed to take effect in January.

Democrats lined up against the measure, saying it places too heavy a burden on the vulnerable.  The proposal next goes to the Democratic-controlled Senate, where it is expected to die.

Read More Here.

According to reports, Romney grabbed tearful John Lauber and hacked away with a pair of scissors because he thought his bleached blond hair was ‘wrong’.

Romney’s apology comes one day after President Barack Obama’s surprise announcement that he now supports gay marriage, a position he says has evolved overtime.

Obama’s new-found support of gay marriage, which stands in stark contrast to Romney’s view that “marriage is between a man and a woman,” is sure to be a major campaign issue in the coming months.

Read More Here.

John Glenn

“These extraordinary honorees come from different backgrounds and different walks of life, but each of them has made a lasting contribution to the life of our Nation. They’ve challenged us, they’ve inspired us, and they’ve made the world a better place. I look forward to recognizing them with this award,” Mr. Obama said.

The following individuals will be awarded the Presidential Medal of Freedom:

Madeleine Albright
From 1997 to 2001, under President William J. Clinton, Albright served as the 64th United States Secretary of State, the first woman to hold that position. During her tenure, she worked to enlarge NATO and helped lead the Alliance’s campaign against terror and ethnic cleansing in the Balkans, pursued peace in the Middle East and Africa, sought to reduce the dangerous spread of nuclear weapons, and was a champion of democracy, human rights, and good governance across the globe. From 1993 to 1997, she was America’s Permanent Representative to the United Nations. Since leaving office, she founded the Albright Stonebridge Group and Albright Capital Management, returned to teaching at Georgetown University, and authored five books. Albright chairs the National Democratic Institute and is President of the Harry S. Truman Scholarship Foundation.

John Doar
Doar was a legendary public servant and leader of federal efforts to protect and enforce civil rights during the 1960s. He served as Assistant Attorney General in charge of the Civil Rights Division of the Department of Justice. In that capacity, he was instrumental during many major civil rights crises, including singlehandedly preventing a riot in Jackson, Mississippi, following the funeral of slain civil rights leader Medgar Evars in 1963. Doar brought notable civil rights cases, including obtaining convictions for the 1964 killings of three civil rights workers in Neshoba County, Mississippi, and leading the effort to enforce the right to vote and implement the Voting Rights Act of 1965. He later served as Special Counsel to the U.S. House Committee on the Judiciary as it investigated the Watergate scandal and considered articles of impeachment against President Nixon. Doar continues to practice law at Doar Rieck Kaley & Mack in New York.

Bob Dylan
One of the most influential American musicians of the 20th century, Dylan released his first album in 1962. Known for his rich and poetic lyrics, his work had considerable influence on the civil rights movement of the 1960s and has had significant impact on American culture over the past five decades. He has won 11 Grammys, including a lifetime achievement award. He was named a Commandeur dans l’Ordre des Art et des Lettres and has received a Pulitzer Prize Special Citation. Dylan was awarded the 2009 National Medal of Arts. He has written more than 600 songs, and his songs have been recorded more than 3,000 times by other artists. He continues recording and touring around the world today.

William Foege
A physician and epidemiologist, Foege helped lead the successful campaign to eradicate smallpox in the 1970s. He was appointed Director of the Centers for Disease Control and Prevention in 1977 and, with colleagues, founded the Task Force for Child Survival in 1984. Foege became Executive Director of The Carter Center in 1986 and continues to serve the organization as a Senior Fellow. He helped shape the global health work of the Bill and Melinda Gates Foundation, and remains a champion of a wide array of issues, including child survival and development, injury prevention, and preventative medicine. Foege’s leadership has contributed significantly to increased awareness and action on global health issues, and his enthusiasm, energy, and effectiveness in these endeavors have inspired a generation of leaders in public health.

John Glenn
Glenn is a former United States Marine Corps pilot, astronaut, and United States Senator. In 1962, he was the third American in space and the first American to orbit the Earth. After retiring from the Marine Corps, Glenn was elected to the U.S. Senate in Ohio in 1974. He was an architect and sponsor of the 1978 Nonproliferation Act and served as Chairman of the Senate Government Affairs committee from 1978 until 1995. In 1998, Glenn became the oldest person to visit space at the age of 77. He retired from the Senate in 1999. Glenn is a recipient of the Congressional Gold Medal and the Congressional Space Medal of Honor.

Gordon Hirabayashi
Hirabayashi openly defied the forced relocation and internment of Japanese Americans during World War II. As an undergraduate at the University of Washington, he refused the order to report for evacuation to an internment camp, instead turning himself in to the FBI to assert his belief that these practices were racially discriminatory. Consequently, he was convicted by a U.S. Federal District Court in Seattle of defying the exclusion order and violating curfew. Hirabayashi appealed his conviction all the way to the U.S. Supreme Court, which ruled against him in 1943. Following World War II and his time in prison, Hirabayashi obtained his doctoral degree in sociology and became a professor. In 1987, his conviction was overturned by the U.S. Court of Appeals for the Ninth Circuit. Hirabayashi died on January 2, 2012.

Dolores Huerta
Huerta is a civil rights, workers, and women’s advocate. With Cesar Chavez, she co-founded the National Farmworkers Association in 1962, which later became the United Farm Workers of America. Huerta has served as a community activist and a political organizer, and was influential in securing the passage of California’s Agricultural Labor Relations Act of 1975, and disability insurance for farmworkers in California. In 2002, she founded the Dolores Huerta Foundation, an organization dedicated to developing community organizers and national leaders. In 1998, President Clinton awarded her the Eleanor Roosevelt Award for Human Rights.

Jan Karski
Karski served as an officer in the Polish Underground during World War II and carried among the first eye-witness accounts of the Holocaust to the world. He worked as a courier, entering the Warsaw ghetto and the Nazi Izbica transit camp, where he saw first-hand the atrocities occurring under Nazi occupation. Karski later traveled to London to meet with the Polish government-in-exile and with British government officials. He subsequently traveled to the United States and met with President Roosevelt. Karski published Story of a Secret State, earned a Ph.D at Georgetown University, and became a professor at Georgetown’s School of Foreign Service. Born in 1914, Karski became a U.S. citizen in 1954 and died in 2000.

Juliette Gordon Low
Born in 1860, Low founded the Girl Scouts in 1912. The organization strives to teach girls self-reliance and resourcefulness. It also encourages girls to seek fulfillment in the professional world and to become active citizens in their communities. Since 1912, the Girl Scouts has grown into the largest educational organization for girls and has had over 50 million members. Low died in 1927. This year, the Girl Scouts celebrate their 100th Anniversary, calling 2012 “The Year of the Girl.”

Toni Morrison
One of our nation’s most celebrated novelists, Morrison is renowned for works such as Song of Solomon, Jazz, and Beloved, for which she won a Pulitzer Prize in 1988. When she became the first African American woman to win a Nobel Prize in 1993, Morrison’s citation captured her as an author “who in novels characterized by visionary force and poetic import, gives life to an essential aspect of American reality.” She created the Princeton Atelier at Princeton University to convene artists and students. Morrison continues to write today.

Shimon Peres
An ardent advocate for Israel’s security and for peace, Shimon Peres was elected the ninth President of Israel in 2007. First elected to the Knesset in 1959, he has served in a variety of positions throughout the Israeli government, including in twelve Cabinets as Foreign Minister, Minister of Defense, and Minister of Transport and Communications. Peres served as Prime Minister from 1984-1986 and 1995-1996. Along with Israeli Prime Minister Yitzhak Rabin and then-PLO Chairman Yasser Arafat, Peres won the 1994 Nobel Peace Prize for his work as Foreign Minister during the Middle East peace talks that led to the Oslo Accords. Through his life and work, he has strengthened the unbreakable bonds between Israel and the United States.

John Paul Stevens
Stevens served as an Associate Justice of the U.S. Supreme Court from 1975 to 2010, when he retired as the third longest-serving Justice in the Court’s history. Known for his independent, pragmatic and rigorous approach to judging, Justice Stevens and his work have left a lasting imprint on the law in areas such as civil rights, the First Amendment, the death penalty, administrative law, and the separation of powers. He was nominated to the Supreme Court by President Gerald Ford, and previously served as a judge on the U.S. Court of Appeals for the Seventh Circuit. Stevens is a veteran of World War II, in which he served as a naval intelligence officer and was awarded the Bronze Star.

Pat Summitt
In addition to accomplishing an outstanding career as the all-time winningest leader among all NCAA basketball coaches, Summitt has taken the University of Tennessee to more Final Four appearances than any other coach and has the second best record of NCAA Championships in basketball. She has received numerous awards, including being named Naismith Women’s Collegiate Coach of the Century. Off the court, she has been a spokesperson against Alzheimer’s. The Pat Summitt Foundation will make grants to nonprofits to provide education and awareness, support to patients and families, and research to prevent, cure and ultimately eradicate early onset dementia, Alzheimer’s type.

The disappearance of mid-level jobs during the Great Recession, along with overall high unemployment, have made it hard for recent college graduates to find good jobs when they leave school. More than 50 percent of college graduates under age 25 are either jobless or underemployed, according to an analysis from Drexel University and the Economic Policy Institute.

Recent graduates are struggling to find mid- and high-level jobs upon graduating and are increasingly turning to jobs in restaurants and retail. As a result, median wages have dropped, thinkprogress.org reports.

Total student loan debt surpassed $1 trillion this year, and the rate of delinquency on those loans is already quite high.

Read More Here.

According to a report by the Special Inspector General of the TARP program, the administration has spent only a tiny fraction of the money it was allocated to help those most negatively impacted by the housing collapse. In two years, only a little over 30,000 households have been helped, at a cost of $217 million. That’s only 3 percent of the $7.6 billion TARP is authorized to spend through its Hardest Hit Fund.

No wonder most people think TARP – the Troubled Asset Relief Fund – is only concerned with bailing out the banks. The Obama administration has treated it that way, even though Congress intended a portion of that money to help homeowners recover from the damage the banks had done.

From the day he was sworn in – and even before that, on the campaign trail – Obama has behaved as if the welfare of the banks is all that matters. Tim Geithner, the man he appointed to head the Treasury Department, which in turn runs the TARP program, is a former president of the Federal Reserve Bank of New York. A previous Inspector General of TARP reported, back in the summer of 2009, that the bank bailout might cost as much as $24 trillion – approaching twice the size of the gross domestic product of the United States. $7.4 trillion of that was to come out of TARP and other Treasury Department programs. That’s more than a thousand times more money than the $7.6 billion set aside for the hardest hit homeowners – but Geithner couldn’t even bring himself to spend that paltry sum on TARP’s Hardest Hit Fund, so almost all of the money has been sitting there, doing nothing for anybody, for the last two years.

Read More Here.

While according to Alex Main, a senior associate for international policy at the Center for Economic and Policy Research in Washington, the United States had limited expectations going into the Summit, it was nontheless overshadowed by the involvement of some Secret Service and U.S. soldiers’ involvement with at least one Colombian prostitute.

Read and listen to more HERE.