About That Other Government Takeover…
Amidst all the controversy surrounding Democrats’ government takeover of health care, it’s worth pointing out that President Obama just enacted a second government takeover. The reconciliation bill signed yesterday included a complete government takeover of the student loan industry, the “savings” from which were used to finance the health care takeover.
For these reasons it’s worth noting an article from the Washington Times, which points out that the federal student loan website was down for much of yesterday, even as the President signed into law the measure securing the federal government’s role as the sole student loan provider. This failure raises obvious questions about how the Department of Education will manage to transition thousands of schools and millions of students on to the government-run loan plan between now and July 1, when the loan changes take effect. More importantly, if the federal government can’t run an informational website for the government takeover of student loans, how on earth can it manage the transformation of a $2.2 trillion segment of our economy as part of the government takeover of health care?