Middle East in Flames, U.S. Economy in Toilet, and Where’s Obama? Lying to Kids About Student Loan Cash Going to Obamacare

Just where you would expect him to be; that is, telling lies to groups of backward children on college campuses. He’s recycling one of his greatest hits from last year’s presidential campaign, bloviating about the high cost of college.

The student loan situation is a classic example of what happens when liberal “compassion” drives public policy. The inevitable result is cruel. The original idea: make college “affordable” for everyone. The policies put in place end up making it less affordable because huge federal subsidies only encourage increases in tuition and increases in administrator compensation. The law of unintended consequences strikes again.

I know that you will find what I’m about to tell you shocking, but Barack Obama isn’t exactly telling these bright, shining, admiring faces the whole truth when he undertakes these Children’s Crusades bus trips. For example, why isn’t he mentioning that part of the “savings’ that resulted from removing those evil big banks from the student loan process was used to fund his health care scheme? From Pat Dollard:

The Affordable Care Act is set to cost students enrolled in the government’s loan program $8.7 billion in extra interest over the next decade, according to a report published by the non-partisan Congressional Budget Office (CBO).

According to a report from the CBO, Obamacare is costing students enrolled in the government’s loan program an extra $8.7 billion in interest.
If savings were kept inside the loan program, instead of transferred to Obamacare, as some Republican senators are suggesting, they could allow the Department of

Education to lower student interest rates to 5.3 percent from 6.3 percent, according to the CBO.

What? These brainless screaming Obama acolytes don’t realize that they are suckers?

Wake up, Children. You have been had.

 

27 comments

  1. Wow Garnet, Teri seems to have struck a rather sensitive nerve. I can’t help noticing that you bristle with indignation at any criticism of the President. I also notice that you are no longer flying the Canadian flag. What gives?

  2. Garnet…YOU ARE AN OBOT AND I GUESS YOU CAN’T WAIT TO WORK IN THOSE FEMA CAMPS! Oh and yes they do exist…they are called government schools. They turn innocent children into government operatives who want government for their future generations instead of liberty.

    And now former TX Congressman and liberty icon Ron Paul has written another book about the fallacy that is the US Education system. It’s called The School Revolution: A New Answer for Our Broken Education System. It’s set to be released next month.

    Not spoil it, but his solution… one that centers on strong support for home schooling and the application of free market principles to the American education system.

    FREE MARKET…Garnet those words seem like cuss words to someone especially who cites corporate media whores like Rachel Maddow and the NY Slimes for their retorts!

    • AMEN Bob!!!

    • Well, at least Garnet isn’t citing some former reindeer wrangler turned democrat stooge as he did when trying to respond to my accurate statement regarding impeachment being a political process. I cited Alexander Hamilton to make my point, BTW.

  3. Well after all… they did want “Change.” Now they have it… From prosperity to dependency! From profit to government theft!

  4. Garnett: Do you believe everything that the White House says? If you hadn’t noticed, the Debt clock has been pegged an 16 trillion and just keeps rolling over. (You don’t suppose that the information is rigged? Same with unemployment. The BLS only reports “new applicants” for it’s “official government number. The U-6 (long term unemployed and underemployed) number tells a different story. It has not left the double digits since Obama has been in office!!! Respectfully I say, “Take your head out of the liberal sand,” and take an objective look.

  5. Garnett: Respectfully, I worked in the Building trades since age 17… and I have not seen any increase in New Construction anywhere in my vicinity. It was once said that if you cannot find a job in Chicago, it’s because you are not looking. Well I am here to tell you that the lack of construction in this area makes the Jimmy Carter years look like a boom… which it was not(double didgit unemployment and 32% interest rates at it’s peak)! I don’t know where you find all of these “magical” jobs, but my advice to you is not to believe everything the Government or the “Puppet Media” tells you.

  6. Sorry… mistyped. The interst Rates for home Mortgages war 21%.

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