drieuxster (drieuxster) wrote,

Red National Socialist Communist DeNationalize Banks?

The House on Thursday passed legislation that would make the biggest changes in federal student loans in decades, driving private banks out of the business and leaving it to an existing federal program to provide that crucial source of college financing.

The bill, passed on a party-line vote of 253-171, would save $87 billion over ten years by abolishing subsidies to banks that have been criticized as excessive, supporters said. Most of the money saved would be channeled to increases in Pell Grants for low-income students.

``The choice before us is clear,'' said Rep. George Miller (D-Calif.), lead sponsor of the bill. ``We can either keep sending these subsidies to banks, or we can start sending them directly to students.''

[ cf House passes big change in college loan program ]
Well, if we stop subsidizing, hence Nationalizing the student loan banking industry, then, uh, isn't that the godless Anti-Socialism of hating, uh, stuff, and thingie?

Makes me wonder what will happen with that part of the ideological wars.

Does this mean that the Obamanites are Nationalizing Students?
Tags: memewar

  • Who's Getting Who's Crazy On?

    Fox & MSNBC Reporters at Values Voters: Rude, Disruptive, Lazy - the folks at faith to action have another take on the values conference, where the…

  • The asymetric problem

    A friend of my recently raised the fear point - what happens when some stateless actor up and does a nuke strike on some american friendly space. { I…

  • Which family values?

    A man who had long been vocal in his opposition to abortion was shot to death Friday morning while staging an anti-abortion protest outside a…

  • Post a new comment


    default userpic

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.