Wonder what you would find if you frisked the Student Loans Bill that was passed in the House today?
Answer: The good… and the terrible.
Well, it finally seems ACORN is drastically losing the fight after the undercover videos were released last week! The House decided to cut all funding to ACORN today in the Student Loans Bill. And once again, the final vote was mainly bipartisan: 345-75.
Seems great news, right!? Well, not entirely. Turns the Student Loans Bill basically sets up an all-government run program. What’s that mean? Basically single-payer for student loans… Yahoo reports:
The biggest change in U.S. higher education finance in 35 years was approved on Thursday by the House of Representatives, handing a defeat to major banks and student loan giant .
Lawmakers voted 253-171 in favor of legislation that would cut the banks and Sallie Mae out of a large slice of the $92 billion college student loan business, shifting most lending into a program run by the .
The bill, supported by the White House, will go next to the Senate for further consideration.
“This bill is an expansion of the government … a government takeover of an industry,” said , the education committee’s top Republican.
Those Dems are sneaky, aren’t they? Another overhaul of another industry, of course! We can honestly all question: What industry will the government takeover next?
Hmm… With the Obama Adminstration, it is safe to say the possibilities are endless!