Mr. Shaman
Well-Known Member
- Joined
- Nov 27, 2007
- Messages
- 7,829
Sorry, folks! Education is SUPPOSED-to-be a LONG-TERM inve$tment...not another "conservative"-style, short-term CA$H-GRAB!!!!
"The Congressional Budget Office said on Friday that a student loan reform plan backed by Sallie Mae and other lenders might save U.S. taxpayers $17 billion less than one backed by the Obama administration.
The Obama plan has already been approved at the committee level in the U.S. House of Representatives and is headed for a likely vote on the House floor next week.
The student loan industry has been fighting the administration's plan and seeking political support for its own counter-proposal that would preserve a role for the lenders in the student loan system and furnish them steady fee income.
Congress' budget researchers said that after counting expenses needed to make the lender plan viable, budget savings from it "would be about $67 billion over the 2010-2019 period -- in contrast to the net impact of $80 billion in 10-year savings for" the Obama bill."
Gee.....where ELSE could we apply such a blueprint?????????????????