These are completely counterfactual. Speed mac. The fed used to have reserves and one of the changes is that now they can pay it and they look at the new tool of the interest rate. And number of people to put this in context a number of people have been arguing one of the problems in terms of Funding Investment in the private sector is that the fed is taking the money out of the system by paying interest on reserves. I think there is very little evidence that that is the case created the design of the policy was primarily to make sure that there was control over the rate to keep the fund rate is much narrower than they had been. Remember that as a time when it was all over the place. It seemed to have worked quite effectively, and i think the evidence to that policy is pretty positive. The evidence against it in terms of its longterm effect is minimal. That doesnt mean that it couldnt be used to harm the private sector by taking the money out of the economy because they have discretion
Thank you very much. Im very disappointed that sallie mae did not come today, and i think its important that we take a closer look at how all of our servicers are performing. But we need accurate data to be able to do that, so thank you. Want to ask a second question, thats about the Student Loan Program. You know, Student Loan Program just from 2007 to 2012 are now on target to make 66 billion in profits for the United States government. Just that small cohort. And lets keep in mind these are the best data we have available. These are government data, these are not data anybody else made up. The gao, the cbo to, the fed are all looking in the same direction at whats happening to students that are loading up on Student Loan Debt. And right now best estimate we have is that the Interest Rate were going to charge next year to our students is double, nearly double, the rate that undergraduates would have to pay in order to have the program break even. And as much as triple for graduate st
Did to . I am going to keep showing you other products coming of the medical marijuana states as we go through the rest of the slide. It is critical to understand the research, and there is huge Scientific Consensus on this showing of a the poverty drives used. As the availability increases aware leanness, addiction, school failure, auto crashes, Mental Illness and other Public Health and safety problems. This, by the way, is marijuana in fuse Chocolate Chip Cookie used in some medical marijuana stores. We think there are three Marijuana Policy options, two products, charlie rangees and klondike ice cream bars. The first is to adjust our current Marijuana Laws to improve us by replacing incarceration of marijuana users with substance treatment and social services to help people to become non addictive. Why is this important . First, it tries a middle road between incarceration and legalization but it also is the best we have for holding the number of kids who engage in marijuana use. M
Forward to taking their money and buy school supplies. But once they removed all of that, by the time my children got to be 16 years old, they in my we call this crack. They started off with smoking marijuana, and then they would put Something Like embalming fluid, where it would make you get a more potent high. Host debra, thank you for that background. Whats the in your view, whats the current status of the situation . Caller the situation is, they have to get back to putting their children in more afterschool programs. They got to get their children with their lives being upsidedown, these children need to find some kind of way to say, okay, the house is falling down, my life is not that my future. Guest absolutely. There has to be more support for kids in all kinds of ways. Something that somebody brought up about the cutting back this is in a prosperous community, too cutting back on the choices i think reaching high school, that you could take art but you couldnt take do athletic
Lets go to a second question and that is given the way in which this nexus crosses two communities, the Law Enforcement community and the National Security community, are we effectively organized to deal with these problems and the special issues of this nexus and how should we be changing our organization nationally or internationally to be dealing with these issues. Any thoughts from the panelists . We should not go to knee jerk reactions when a major disaster happens and ill give you an example. Back in the days of my partnership of trying to bridge that gap between intel and Law Enforcement and Work Together, during that time we had an Organization Called the organized crime operation. S group. Case officers from the cia, i had about 15, at any given time 15 to 20 fbi agents and analysts assigned there fulltime. It was very successful. With regard to Human Trafficking internationally, we did two renditions in that program for Major International human smugglers working together. 9