3

Obama finishes health care reform

Signs student loan bill into law


 

U.S. President Barack Obama has signed the final piece of his health care overhaul into law. The new bill makes the government the sole issuer of federal student loans, cutting out banks and other private lenders and shutting down a multibillion dollar loan industry. “Courage is an essential ingredient in any landmark legislation, particularly when the attacks are as fierce and unrelenting and inaccurate as they have been over the past year,” Obama said to the audience at Northern Virginia Community College, where he signed the bill. “[This] represents a major step forward.” His administration says the change, which piggybacks on fixes to health care legislation already signed by the president, will save Americans $68 billion over ten years. That money will then be used to expand a government student grant program. The bill also puts a cap on loan repayments at 10 percent of students’ income, creates more spending for community colleges and gives an additional $2.55 billion to historically black colleges and universities. Some Democrats and most Republicans opposed the bill, claiming it will destroy thousands of jobs in the private lending industry and cut lending options for students.

MSNBC

Reuters


 
Filed under:

Obama finishes health care reform

  1. A billion dollars for just a few days of security. Concrete barriers and iron-curtain partitions. Restricted access. Disrupted business. Police with martial-law powers. Veterinarians — one on maternity leave — and their infant son accosted in their own home at gunpoint by police in the middle of the night. Sounds like Kabul. Or Kandahar. Or Baghdad. Naw, TORONTO 2010!!!!! What goes around comes around.

  2. Well now let's see, we have the cost of the Gs app. 2.4 Billion + Harper well get a trashing bill from Mayor Miller of Toronto.

    The cops built a barricade then backed it up while the city was trashed.

    All of harpers initiatives were poorly supported by the world leaders, no freedom of choice, equals little support.

    World finances, Europe had it figured out already, USA does their own thing, and Harper is living off of the Liberals financial management record.

    Its plain to see what reality is here, but, Harper well ignore reality, give us his spin, plus he has our treasury to use to convince us.

    All of his right-wing supporters, radio talk shows, are on the Con's talking points.
    Case in point to-day on the Bill Good show the Con hack Norman Spector spinning Harpers tales.

    Harper blew a 12 Billion dollar Liberal surplus and drove Canada to a record Deficit and Debt and spending is still out of control.

    Although he would have you ignore reality and buy into his spin, we have to differentiate between spin and reality.

    Harper wants a majority so bad he is willing to spend all of your tax dollars to convince you.

Sign in to comment.