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Student loan fund money being siphoned to pay for obungacare

 
 
Reply Tue 2 Jul, 2013 02:19 pm
http://www.campusreform.org/blog/?ID=4817

Quote:
The Affordable Care Act is set to cost students enrolled in the government’s loan program $8.7 billion in extra interest over the next decade, according to a report published by the non-partisan Congressional Budget Office (CBO)....
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parados
 
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Reply Tue 2 Jul, 2013 02:54 pm
@gungasnake,
This is the same CBO in that same study says the Affordable Care Act will actually reduce the deficit.
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/113xx/doc11379/amendreconprop.pdf


But wait... The government isn't siphoning off $8.7 billion in interest. It is actually saving money by doing direct loans instead of letting outside lenders siphon off the money.

Quote:
CBO estimates
that eliminating new guaranteed loans and replacing them with direct loans
would yield reductions in direct spending of $61 billion over the 2010–
2019 period.


I guess you prefer the government WASTE your money, gunga.
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