Monday, September 7, 2009

And thats another thing it is not obama giving you this "free" money!

Look at this ad I found on the Milwaukee Examiner now do not blame them I chuckle myself from time to time since we do not control what ads google places on our site and some could not be more inappropriate. I may be carrying on about the Liars Loans or our government creating another bubble and an ad appears No Down Payment Financing so I am sure the Examiner has no control.   So back to the ad....

Obama will give you $2,500 a year to go to school

(ARA) - By now, everyone knows that the Obama administration's stimulus bill is designed to get the economy moving again. However, you may not know that most of the bill's $70 billion for education will go to low- to middle-income individuals.

A major part of the bill is a $13.8 billion tuition tax credit boost called the American Opportunity Tax Credit. This tax credit reimburses 100 percent of the first $2,000 of educational expenses for lower income students. For the next $2,000, students will receive a 25 percent reimbursement. In short, lower income students will receive $2,500 in education reimbursements per year.

The bill also features other benefits for low-income students. Families that do not earn enough to pay income taxes can receive a $1,000 education refund.

"These kinds of incentives from the government don't come along very often," says Janet Hill, financial aid and education counselor at, a free online education service. "If people have been thinking of going back to school, now would be the time to do it. If they are hurting financially, they can easily get the money they need to get a degree." These benefits are set to expire after the 2010-2011 school year.

Fortunately, thanks to a growing number of online education options, degree-seekers can take advantage of President Barack Obama's stimulus bill without leaving their jobs. You can read the rest if you like.
The reality is obama is not giving you crap!  The money for this was taken from another through the threat of imprisonment (failure to pay taxes IRS).  This chit just chaps my hide.

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