Federal Government's Student Loans Windfall: 41B in Profits: Joseph Maloney
President Obama, and the 2010 Democartic controlled congress passed two boondoggles. The Afordable Care Act, better known as Obamacare and the revamping on the Student Loan Program.
By now, it’s clear that Obamacare will be an albatross our the necks of every Washington Democrate runnuing for reelection next year.
Obama also wanted to take over the Student Loan Program to eliminate the “middle man” the banks. http://bit.ly/1c6SsC1
The Democratic controlled Congress passed the bill, and President Obam signed it into law promisung to save billions of dollars that would go to grants for needy students. http://www.reuters.com/article/2010/03/22/us-usa-studentloans-idUSTRE62L0JX20100322
This is an Obama scheme for a mo money, money grab from Washington. http://www.freep.com/article/20131125/NEWS05/311250021 This is no redistribution of wealth. Just more big government taking control of more of the economy, and as our prvate sector shrinks, the Federal bureaucracy grows.
This is another scandal to add to the ever growing list to add to President Obama Legacy.
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