college loans: Obama Taking Over Another Industry ~ More Layoffs Coming
- 03/19/10 02:10 PM
In a time when job creation is critical, would you expect Washington to take over an industry and eliminate jobs in the private sector? Obama is planning to eliminate an entire industry from the landscape of America, and convert it to a government run entity. The administration is moving quickly to pass legislation which would take over the Student School Loan program. The move according to the administration will save 67 billion over the next 10 years. Those savings amount to fees paid to third party lenders. The third party banks and lenders employ people to process these loans and administer … (15 comments)
In a time when job creation is critical, would you expect Washington to take over an industry and eliminate jobs in the private sector?
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