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Government Takeover of Student Loans

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Uploaded by on Mar 18, 2010

In a March 16, 2010 press conference, leading Republicans speak out against the proposed government takeover of the student loan programs, arguing the decision to link the student loan scheme to a health care reconciliation package is an abuse of the legislative process that will eliminate borrower choice and competition, destroy tens of thousands of jobs, and add to the country's long-term debt.

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  • I can see where this could be a problem, nevertheless republicans and bankers haven't proposed any solution to the ever growing student loan deb problemt. I mean, its the private banks fault in the first place for screwing over students and having extremely high interest rates. The Bush administration failed miserably, and this is the result of that failure. Am I happy with it? Not really...but karmas a bitch. Republicans and Democrats alike can all go fuck themselves.

  • Basically, the interest paid back on student loans will go to health care...... Not bad at all.

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