EDITORIAL: Back door to a public option - Washington Times: "President Obama and House Speaker Nancy Pelosi claim that a new government health insurance option would strengthen competition and lower health care costs. If they really believe that theory, it doesn't explain why they are pushing a complete government takeover of the college-loan industry 16 years after federal tuition loans were created to compete with loans by private lenders. The student-loan power grab offers a cautionary tale that is relevant to the health care debate.
This wasteful effort demonstrates how publicly financed alternatives to the private sector can be a slippery slope. It's common practice for government to stick its foot in the door before taking over an industry.
The House approved legislation yesterday that would eliminate the major federal student loan guarantee program. Known as the Federal Family Education Loan (FFEL) program, it insures private lenders against defaults. If approved by the Senate, the bill would make the Federal Direct Loan Program (FDLP) the de facto national student-loan lender using taxpayer dollars."
No comments:
Post a Comment
Spamming will be removed.
Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.
Note: Only a member of this blog may post a comment.