Another Health Care 'Deal'?

[Zoom-boing]

It's being dubbed 'The Bismarck Bribe'.

The legislation contains provisions apparently designed to ensure votes from wavering Democrats. As outlined in the House version, the compromise plan would give nonprofit loan providers in several states the right to participate, along with for-profit loan companies selected through a competitive process, in helping the Education Department distribute loan money to students.

A new element, included in the plan issued on Thursday, would give a specific right to the Bank of North Dakota to issue federally subsidized student loans, meaning that it would be the only lender remaining outside of the Education Department's direct-lending system.

The Bank of North Dakota is a state-owned lender that Democratic aides described as representing the type of nonprofit entity they want to encourage. Critics of the loan bill suggested the provision was designed to win the support of a key Democrat, Sen. Kent Conrad of North Dakota, chairman of the Senate Budget Committee.

Democrats Outline Compromise Student-Loan Bill, With $36-Billion for Pell Grants - Government - The Chronicle of Higher Education

 

[CrusaderFrank]

Statist completing their stranglehold on the US Educational system.

We need to deem the Dept of Ed vanished when we win it back in 2010

 

[Zoom-boing]

Statist completing their stranglehold on the US Educational system.

We need to deem the Dept of Ed vanished when we win it back in 2010

Q: If this hc bill is so great why do they have to bribe Dems to vote for it?

Q: If the student loan takeover is so great, why are they putting in the hc bill?

A: They both suck.

 

[Soggy in NOLA]

Statist completing their stranglehold on the US Educational system.

We need to deem the Dept of Ed vanished when we win it back in 2010

Q: If this hc bill is so great why do they have to bribe Dems to vote for it?

Q: If the student loan takeover is so great, why are they putting in the hc bill?

A: They both suck.

You ask too many questions. STOP ASKING QUESTIONS!!! SUBMIT!!!!!

 

[Soggy in NOLA]

Bottom line, if this whole thing where such a great idea... it'd be law and we discussing something else.

 

[Annie]

The education loan part will likely cost an additional trillion within the next decade also. There are legitimate functions for government, but whenever they've tried to meddle in what should be private or state, they fuck it up, but good. Between the graft and unintended consequences, we're heading from the white water, over the falls.

 

[☭proletarian☭]

Shoulda listened to me and gone with my plan.