> Another example taking over the Ed Loans from the private sector and than not raising some type of tax to pay for it.
Don't take talking points at face value... Student loans in the "private sector" were a misnomer--they were backed by the Fed Gov't. The private lender had no risk, just guaranteed profit. We saved money by ending subsidizing the private market and making the loans directly. The "takeover" was simply ending the government backing of private loans. Not much of a takeover if you ask me. The private sector can still make loans all they want, they just have to be on the hook for it.
Don't take talking points at face value... Student loans in the "private sector" were a misnomer--they were backed by the Fed Gov't. The private lender had no risk, just guaranteed profit. We saved money by ending subsidizing the private market and making the loans directly. The "takeover" was simply ending the government backing of private loans. Not much of a takeover if you ask me. The private sector can still make loans all they want, they just have to be on the hook for it.