Obama promotes 'overlooked' changes to student loan program
President Obama said today an overlooked part of the new health care law will help Americans get a college education by lowering the costs of student loans.
Yup. It was real easy for the socialist democrats to overlook the student loan reform that was buried in the 2,400+ page document that is know as the Health Care Deform bill. Of course, it was buried in this 2,400+ page document so that the republicans wouldn't get any more ammunition (they already had too much) for their fight against the Health Care Deform bill (can someone explain to me what health care reform has to do with student loan reform).
As part of the Health Care Deform bill, the government claims that by spending more than 1 trillion dollars that the government doesn't have, the government will balance the budget and reduce overall spending.
So if you believe that bunch of hooey, it will be very easy to believe that this will also cause the cost of student loans to go down. Of course the federal government will have to create a unionized organization (think high wages and high retirement benefits) to spend lots of money on themselves in order to hand out funding to uneducated students who won't be able to pay back their student loans because they will not be able to graduate or get a job which will enable them to earn enough to pay them back.
The federal government, which is unable to point to a single government program that has ever functioned as intended or functioned efficiently, has now taken over the student loan process. This should help guarantee that illegal aliens who can't read or write in any language will take their place in federal institutions instead of academically qualified English speaking students.
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