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A proposal that's up for grabs in the Senate would prohibit the private sector from making any education loans whatsoever, removing this area of the market from private control. But sixty votes are needed in the Senate to allow this proposal to pass, and Harry Reid doesn't have them.
So Reid and Obama are considering using reconciliation to pass the education bill as well as the health care bill.
There's something of a case to be made financially for the government take-over of private educational loans, if you use the warped parameters set by Democratic accounting standards. Since...
So Reid and Obama are considering using reconciliation to pass the education bill as well as the health care bill.
There's something of a case to be made financially for the government take-over of private educational loans, if you use the warped parameters set by Democratic accounting standards. Since...
Let's Just Use Reconciliation For Everything!
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Mass cannot sustain their program without drastic cuts in service or high tax increases. If nothing is done, they're done in 5-10 years.