"(the) federal government will borrow money at 2.8 percent and then lend it to students at 6.8 percent. . . . The government—instead of using that money to reduce costs for students who are borrowing the money—will use it to pay for more government programs. According to the preliminary CBO estimate produced this morning, the new bill will take $9.1 billion over 10 years from students’ interest payments to pay for this health care takeover."
-Senator Lamar Alexander
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The progs are as good at math as they are at history.
ReplyDeleteOne would think that with as much lip service as liberals give to education, that they would want to see that any "profits" from the student loan program be given to institutions of higher education, or in the form of breaks being given to students to encourage more of them to go to college, but no.
ReplyDeleteThe proportionately younger part of America's demographic (or their parents) are being asked to shoulder a proportionately higher share of the burden of Obamacare.
Spread the wealth, indeed!
Kind of sounds like more - gas meet fire - economic planning to me.
ReplyDeleteI was reading in another place that Obama is complaining that we are "not spending enough" on education. The student loan program would have been a perfect place to obtain those funds, had he not needed to put his hands on every dime he could for his bloated healthcare takeover.
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