Brentastic Posted April 1, 2010 Share Posted April 1, 2010 Now that the student loan reform is passed, the CBO is now saying it will add to the deficit. Funny how the bill was going to reduce the deficit just a few weeks ago. Our government sucks. http://www.cnsnews.com/news/article/63560 Quote Link to comment Share on other sites More sharing options...
wiegie Posted April 1, 2010 Share Posted April 1, 2010 If you are still trying to argue that the government shouldn't have switched to direct lending, you have still failed: The federal government helps students finance higher education through two major loanprograms—one that guarantees loans made by private lenders and one that makes loans directly to borrowers. The two programs offer similar types of loans on similar terms to borrowers, but they differ significantly in how they are funded and administered. Those differences cause the guaranteed loan program to have a significantly higher rate of federal subsidies—as calculated for the federal budget under the rules of the Federal Credit Reform Act—than the direct loan program has. However, such subsidy-rate estimates do not include the costs to taxpayers that stem from the risks involved in making student loans, nor do they include federal administrative costs (which are recorded separately in the budget). More comprehensive, fair-value estimates, which include such costs, indicate higher subsidy rates for both programs, although direct loans continue to show a marked cost advantage over guaranteed loans. http://www.cbo.gov/ftpdocs/110xx/doc11043/...tudentLoans.pdf Quote Link to comment Share on other sites More sharing options...
Brentastic Posted April 1, 2010 Author Share Posted April 1, 2010 If you are still trying to argue that the government shouldn't have switched to direct lending, you have still failed: http://www.cbo.gov/ftpdocs/110xx/doc11043/...tudentLoans.pdf I am not trying to make that argument because I already know private lending is better for students and the economy. Regardless of which sentence you decide to highlight, it does not mean any of your opinions are fact. How can direct loans 'continue to show' anything when the bill just passed yesterday What I am saying is that the government will say whatever they want in order to get a bill passed - you cannot believe anything they say. Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted April 1, 2010 Share Posted April 1, 2010 (edited) Now that the student loan reform is passed, the CBO is now saying it will add to the deficit. Funny how the bill was going to reduce the deficit just a few weeks ago. Our government sucks. http://www.cnsnews.com/news/article/63560 Consider your source, bub: The Cybercast News Service was launched on June 16, 1998 as a news source for individuals, news organizations and broadcasters who put a higher premium on balance than spin and seek news that’s ignored or under-reported as a result of media bias by omission. Study after study by the Media Research Center, the parent organization of CNSNews.com, clearly demonstrate a liberal bias in many news outlets – bias by commission and bias by omission – that results in a frequent double-standard in editorial decisions on what constitutes "news." And just in case you think of the :Media Research Center as "non-biased" take a look at thier front page headlines: NBC Nightly News Showcases Devotional Obama as Lauer Cracks: 'Spirituality Meets High-Tech!'Wednesday, March 31, 2010 @ 11:22 AM ET HuffPo's New Effort: The Religion Blog That Hates Religion Wednesday, March 31, 2010 @ 11:20 AM ET FCC Advisor Calls For 'Digital Public Media' To Serve As 'Filter' Of Information, 'Megaphone' For Gov't-Funded Journalists Wednesday, March 31, 2010 @ 12:24 PM ET Lauer to Obama: How Do You 'Move On' from the Vitriol, Sniping and Threats? Wednesday, March 31, 2010 @ 11:22 AM ET Prominent Republican Gets Actual Death Threat, NYT Suddenly Drops Concern Over Threatening Protesters Tuesday, March 30, 2010 @ 03:16 PM ET No Time for a Real Threat as ABC and CBS Skip Arrest of Man Targeting GOP's Cantor Tuesday, March 30, 2010 @ 10:12 AM ET Bozell to CNN: Using Sinead O'Connor to attack the Catholic Church is Despicable Tuesday, March 30, 2010 @ 02:04 PM ET MSNBC's Dylan Ratigan Touts Left-wing Group to Convict Sean Hannity Over Freedom Concerts Hardly fair & balanced © Edited April 1, 2010 by cre8tiff Quote Link to comment Share on other sites More sharing options...
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