HUH? Obama Administration to promote financial capabilities among high-schoolers.

Obama Administration Announces Start of Student Exam Window for 2011 National Financial Capability Challenge


Challenge Prepares Students for Secure Financial Futures; Runs March 7 – April 8

WASHINGTON – Today, high school-aged students across the country will begin taking an voluntary online exam as part of the 2011 National Financial Capability Challenge. The Challenge is designed to enhance the financial capability of high school-aged youth across the United States by strengthening their knowledge of the basics of saving, budgeting, and investing.

"All of us - parents, educators, policymakers and students - share the responsibility to ensure that young people in our country learn a set of practical skills that will help them navigate important personal financial decisions,” said Treasury Secretary Tim Geithner. “This Challenge will help students understand basic finance. It will help them understand what it means to save for retirement. And it will help them understand the risks and benefits associated with debt from things like car loans and credit cards. Empowering students with this knowledge is important for the long-term strength of our economy.”

“Our goal is for every student in the nation to get a world class, well-rounded education,” said Education Secretary Arne Duncan, “and that includes preparing them to make critical financial decisions. I hope the Challenge not only helps high school students get smart about money, but encourages more states and schools to make financial education a priority in classrooms as early as kindergarten.”

Congressman Harper denounces administrations move to tap fuel reserves.

Congressman Gregg Harper (center)

U.S. Representative Gregg Harper (R–Miss.), a member of the House Energy and Commerce Committee, released the following statement after the White House hinted at tapping into the Strategic Petroleum Reserves (SPR):

“The White House would be ill-advised to reach into our nation’s Strategic Petroleum Reserves. While the escalating price of oil creates hardship and threatens economic recovery, there can be no denial that the President’s energy policies are short-sighted and restrict the advancement of domestic oil production. The same President who is proposing to release government owned petroleum stocks, which are held for national emergencies, has essentially halted offshore drilling by investor owned companies in the Gulf of Mexico. Instead of slowing the approval process for new offshore drilling permits, the President should be promoting increased domestic energy production from oil, renewables, natural gas, clean coal technology and nuclear power – ultimately leading to an energy independent America. Expanding our supply of domestic energy would lower costs, reduce our dependence on foreign oil from nations like Libya and create American jobs. This misstep by the White House is yet another example of the Obama Administration’s failure to enact an effective energy policy.”

Ricky Dombrowski says Secretary of State Hosemann on a power grab.