Wednesday, March 31, 2010

Health Care Reconciliation Bill Also Makes Government Primary Student Loan Lender

From the LA Times:

President Obama signed into law the last piece of his mammoth plan to overhaul healthcare Tuesday, and achieved another dramatic and far-reaching change with the very same pen stroke -- revamping the way most Americas help pay for a college education.

The bill shifts responsibility for making low-interest student loans to the government, ending the federal subsidies and guarantees now given to private banks that lend to students.

Overhauling the loan program, which fulfilled an Obama campaign promise, was a kind of stealth accomplishment for the president, coming as rider on the final piece of healthcare legislation.


Yet another government takeover of a private sector activity. Regardless of its merits, why exactly was this slipped into the health care reconciliation bill at the last minute? This is just another example of a devious and underhanded way of imposing more government upon the people.

I contend that if something is good enough to become a law, that it should be sent as its own bill and debated separately on its own merits, not hidden as a rider in another bill.

This is exactly what we on the anti-Obamacare side of the aisle were saying would happen with a bill that runs in excess of 2,000 pages. We've only just begun to find out all the absolute crap that's hidden in it.

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