OK, ex, we've already made our point by what the Dems themselves have said but you don't believe them so just watch what they do.
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OK, ex, we've already made our point by what the Dems themselves have said but you don't believe them so just watch what they do.
Believe it . Buried in the bill is the under-reported takeover of the student loan industry also. Anthing they can label as "comprehensive reform "will be railroaded through in the same manner this was achieved. Comprehensive immigration, comprehensive energy, comprehensive banking reform are on the way. They have already nationalized the domestic auto industry and are well on their way to nationalizing the financial ,energy ,education sectors .
Gone are the days when the Obot's needed phrases like “reaching across the aisle" and other campaign pablum that some of us saw through. He is fulfilling our predictions .
Hello again, Steve:
I think we've talked before about your finding obscure off the wall lefties, and ascribing their crap to the party as a whole.
Here's where we differ. Even in the face of right wing nuts, I believe there ARE reasonable people in the Republican party who DON'T want to turn this country into a fascist state. You, however, in the face of left wing nuts, believe they represent everybody on the left.
That's the problem with ideology.
excon
Hello again, tom:
Yeah, it's kind of like a public option in the student loan industry. Of course, the banks don't like it. But, the banks abused (cheated) their customers... If they didn't do that, they could could still be in that business. But, you're right. The government loan program will drive them out of business, and I ain't going to lose any sleep over it.
I'm a believer in the free market. But, when businessmen discovered that they could lobby congress for laws that made them profits, instead of having to earn their profits the old fashioned way, by taking care of their customers, they STOPPED taking care of their customers. Whoda thunk they'd do that?
But, they did. So, as it turns out, students who borrowed from them (and it didn't matter which one, because they ALL had the game rigged), were in debt up to their eyeballs before they even found a job... The bankers called up their friends in congress and asked them to pass a law that PREVENTED students from discharging these loans through bankruptcy, and guess what? Their pliant congressmen DID their bidding...
So, as antithetical as it might appear to my private enterprise stance, I believe government needs to correct the abuses of the past.. Now, if businessmen competed like they USED to, I wouldn't be saying, what I'm saying.
excon
NK it doesn't surprise me that you didn't hear of this as they tacked this major seizure of a different industry as an amendment to an unrelated bill.
washingtonpost.com
I found it: House backs Obama's bid to revamp student loans | Reuters
Quote:
Nonpartisan congressional budget analysts project that the measure would save about $61 billion over 10 years. Savings would go increased federal grants to the neediest students as well as to other education programs... House Education Committee Chairman Miller defended the proposal, saying, "We can reform the student loan program by taking these wasteful subsidies (to private lenders) -- and redeem the savings for millions of families and students who want a shot at attending college."
Got it?Quote:
SEC. 2202. TERMINATION OF FEDERAL LOAN INSURANCE
12 PROGRAM.
13 Section 424(a) (20 U.S.C. 1074(a)) is amended by
14 striking ‘‘September 30, 1976,’’ and all that follows and
15 inserting ‘‘September 30, 1976, for each of the succeeding
16 fiscal years ending prior to October 1, 2009, and for the
17 period from October 1, 2009, to June 30, 2010, for loans
18 first disbursed on or before June 30, 2010.’’.
Al Sharpton put it bluntly, the American people voted foer Socialism when they voted for Obama.
I think he's wrong, the American people did not vote FOR socialism, they voted FOR an illusion.Quote:
"First of all, then we have to say the American public overwhelmingly voted for socialism when they elected President Obama," Sharpton said. "Let's not act as though the president didn't tell the American people - the president offered the American people health reform when he ran. He was overwhelmingly elected running on that and he has delivered what he promised."
I don't know, but Bart was partying on last night.
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