National Association of Scholars
Obama Slips a student loan takeover into the healthcare bill
Of President Obama’s three big takeovers—cap ‘n trade,health care,and higher ed—higher ed has garnered the least public attention. That may change now that the administration is attempting to impose its wishes by legislative trickery.
The health care bill that the Democrats hope to pass by “reconciliation” to avoid the normal Senatorial voting procedure is now being amended to include the administration’s Big Grab on federal student loans. If this works,we will have one bill in which the federal government not only takes primary control of American health care but also simultaneously takes practical control of American higher education.
Some background: last September,The Wall Street Journal (“The Quietest Trillion”) gave an early heads-up to the administration’s then-plan to move the Department of Education from a 20 percent to an 80 percent share of the student loan market. A bill passed the House that month that would have eliminated private lenders from the federally guaranteed student loan market by July 1,2010. It came with a promise that taxpayers would save some $87 billion from substituting a government-run service for the rough-and-tumble of private lenders. In October,Secretary of Education Arne Duncan sent a letter to colleges and universities across the country advising them to get their institutions ready for a 2010 implementation of the new rules,dubbed “Direct Lending.” College officials,some House Democrats,and a few Republicans expressed their uneasiness at the new plan.
Duncan didn’t yield an inch. Here he is in a February op-ed in the Washington Post arguing his case that “direct student loans” will save taxpayers billions and make life easier for “educators,engineers and computer scientists—the backbone of the new economy.”
[...] Why Obama Wants To Control Student Loans March 17,2010 —budsimmons Why Obama Wants To Control Student Loans [...]
Along with the loan will arrive certain qualification standards for the loans. Academics will have no play…Like all Federal programs,repayment of the
loans will not be enforced or enforcement will be so lax as to be ineffective.
In order to qualify for the loans,universities will be judged on what and how
they teach.
Every black,illegal and others other than whites are going to get it all…Grade,scholaship and demeanor will not matter as long as you are considered an impoverished minority..Like The Ted Kennedy's immigration bill of 1966/1967 which stated we would only admit people of color to become citizens or otherwise..When in god's name are white guilted people going to wake up and fight for their race and ethnicity???…When????
When they figure out that they have been taken over. I for one have had my belly full of it for a long time!
Why doesn't obumer just go back to kenya and take every one else that doesn't like the true AMERICAN Way with him?
It is just another piece of the pie,,,the destruction of America,,,the take over of America,,,his wish to become King! He will change the text books and villainize our history. He fancies himself a Lincoln,a Kennedy or a number of other important historical figures!
The only infamous figure I can see him as is a Hitler!
impeachobama.com
If more Americans would have the same determination that this man does in the oval office;we'd have a whole lot less problems in this Republic.
IMPEACH OBAMA IN 2010 after November elections.
http://www.impeachobamacampaign.com/
This has nothing to do with this story,but now obama has TURNED OVER OUR OIL TO RUSSIA! WE CAN'T DRILL IN THE GULF,BUT RUSSIA CAN! THIS IS ANOTHER OF THISE EXUTIVE ORDERS.
WHAT MORE DOES THIS MAN HAVE TO DO BEFORE HE IS TRIED FOR TREASON? WHAT MORE DOES HE HAVE TO DO BEFORE EVERY AMERICAN WAKES UP AND GETS THEIR HEAD OUT OF THEIR BUTT!!!!
MY GOD,WE ARE GOING DOWN FAST AND IT INFURIATES ME WHEN I HEAR AMERICANS DEFEND A man WHO WILL NOT EVEN SALUATE OUR FLAG,OR SPEAK THE TRUTH WHEN HE OPENS HIS MOUTH!!
ENOUGH IS ENOUGH!!
I agree,and another off the subject comment. There is a protest in DC this Saturday 3/20/2010 starts at 10am. Pass it around.