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?
(CNSNews.com) -- 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.
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.
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