Oh, please. We're talking a 1% increase according to Fox "News." I said all along that the health care law is not adequate because it does not do enough to contain costs. The law also will reduce the budget deficit by $143 billion over the next ten years.
Seriously, about the student loan thing... hear me out here. Under the old plan, the government insured the loan so that if the debtor defaulted the government would pay the lender. If the debtor paid on time all the principal plus interest went to the lender. So, there is no risk for the lender and the government could only lose money. With the new plan, the government loans directly. How could it not save money?
Well, for one...the government has proven that it can lose money better than anyone else, straight up.
Second...as we saw with Fannie & Freddie, plus all the stupid regulations encouraging bad loans (coupled with greed and poor judgment on the part of many)...the government is a terrible judge of creditworthiness.
Third...what business is it of the government's where I get my student loan $?
It is not their job.
Fourth...you don't think they're counting this money right now...do you?
Nope...this is a trick so these geniuses in Washington can say that our trillion-dollar health care takeover saves money.
Hey, do ya'll remember the other Robert...the one who made three weeks of nice?
Wonder where he got off to.
Listen, RS:
it's one thing to get caught up in the heat of a contentious debate.
I've done it.
But it's entirely another to jump on a guy with attacks, in a thread in which you haven't even been addressed!
Paul and I, though we're disagreeing are doing so amenably.
It's called "maturity."
You should explore that idea sometime.
In other words, grow up.
I don't wish you another accident...I really don't.
But another awakening on your part (for longer than the shelf life of milk) would be a nice touch.
Anyhow...do you mind self-reporting your posts?
My mouse is overheating.
The main problem that I have with the change in student loans is that the government will now extend their habit of picking winners and losers to deciding what students will be granted a loan based on their course of study and their willingness to work a job picked by the government for a required number of years upon graduation.
This will end up being nothing more than just another government social engineering plan.
The other problem that I foresee is when those students have a problem and want to call customer service...
Did you ever try to call a government agency with a problem - such as calling the IRS?
Thousands upon thousands of people trying to call the same phone number and being put on hold for hours at a time.
The healthscare plan is no different.
The government will be picking winners and losers and patients will all be lining up for the same limited resources.
Rule #1 - Any time the government "provides" something it will cost more and do less that the same product or service in the free market.
Rule #2 - Any time the government "provides" something it will be impacted by politics which means it will be used to attain votes.
Rule #3 - Any time the government "provides" something it will transition from a generous gift of the people to an entitlement of selected recipients.