Wednesday, March 31, 2010

Great News! Student Loan Takeover will Add $52 Billion to Deficit

According to the CBO, when all costs are considered, the government takeover of the student loan program will cost taxpayers $52 billion. Someone please explain to me why Democrats did this?

( -- The student loan overhaul legislation signed into law by President Barack Obama on Tuesday could add $52 billion to the deficit between 2010 and 2020 when the cost of the market risks and administrative expenses of the loans are taken into consideration, the non-partisan Congressional Budget Office (CBO) reported.


sybilll said...

Great find!

Interested Bystander said...

Hey All,

The thread asks:

"Someone please explain to me why Democrats did this?"

I believe I can explain why Government took over student loans.

I believe it is so the Government can DICTATE what career students will have after they graduate.