By Edwin Mora
Yet another lie from the most transparent government in history. One thing certain, Obama is very transparent. We know his goals, we know his game plan. We will use them to insure that he will be a lame duck in November.
A fiscally conservative congress will defund most, if not all of his plans. Random thoughts while observing the passing parade, J.C.
(CNSNews.com) – The student loan overhaul legislation signed into law by President Barack Obama on Tuesday could add $52 billion to the deficit between 2010 and 2020 when the cost of the market risks and administrative expenses of the loans are taken into consideration, the non-partisan Congressional Budget Office (CBO) reported.
President Barack Oliama (AP Photo)
“CBO recently estimated that whereas loans issued in the direct loan program between 2010 and 2020 would reduce the deficit by a total of $68 billion under FCRA accounting, those loans would increase the deficit by $52 billion on a fair value basis,” reads the March 2010 CBO study, Policy Options for Federal Student Loan Programs.( See p. IX of the Summary.) Complete Story
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First he takes over the loans, then he takes over the books, next he will re-write the books and have the teachers fill the young minds with lies and the next generation will be molded into his Socialistic ideas.
this is the stuff that happens when they didn’t know what was in the bill. Wake up.
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Where is the massive protest in the streets over all this? What is it going to take?
Young minds on college campuses have been suffering from liberalistic liberalitis for some time now, resulting in the current fraud in the WH .
Once Obamascare got passed, it opened the floodgates. Expect to see more and more attempts to take over our economy. In other words , “you ain’t seen nottin yet ” !!
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Excellent Blog! I certainly like the layout and the theme. The information is also excellent well sourced. you have put an end to tea party infiltrators.
I think students are investment for the country’s future, so it is ok to add more for student’s loan.
The big question jeny is did the loan program need to be part of the health care bill? Does the government now have a monopoly over the loan market and what will they require for payment, some additional service from you. I see no reason the taxpayers should be involved funding your education. We already do to a large extent with property taxes. Getting loans as students has worked as far back as the sixties, why the need to change now? Jim