[wunder3]

http://news.yahoo.co...a_student_loans

Quote

By PHILIP ELLIOTT, Associated Press Writer Philip Elliott, Associated Press Writer – 1 min ago
WASHINGTON – Finalizing two major pieces of his agenda, President Barack Obama on Tuesday sealed his health care overhaul and made the government the primary lender to students by cutting banks out of the process.

Both domestic priorities came in one bill, pushed through by Democrats in the House and Senate and signed into law by a beaming president.

The new law makes a series of changes to the massive health insurance reform bill that he signed into law with even greater fanfare last week. Those fixes included removing some specials deals that had angered the public and providing more money for poorer and middle-income individuals and families to help them buy health insurance.

But during an appearance at a community college in suburban Virginia, he emphasized the overshadowed part of the bill: education.

In this final piece of health reform, Democrats added in a restructuring of the way the government handles loans affecting millions of students.

The law strips banks of their role as middlemen in federal student loans and puts the government in charge. The president said that change would save more than $60 billion over the next 10 years, which in turn would be used to boost Pell Grants for students and reinvest in community colleges.

Republicans: OMFG DA GOVAMENT TAKING OVA OUR LIVES!!!! OMG

Me: Yeah, you're right!!!!!!

R: what should we do???? OMG

Me: I think we should all kill ourselves!!!!! We'll show that silly socialist government!

R: Yeah!!!!

Me: On 3

Me: 1...

Me: 2...

Me: Thr... *Bang!*

Ahhhhh, peace and quiet.

*Intense Terminator music plays*

Bill O'Reily, Rush Limbaugh, Sean Hannity, Glenn Beck: heh heh heh heh

-To be continued-

[Eldarias]

Oh

This post has been edited by Eldarias: 30 March 2010 - 12:58 PM

[wunder3]

Yes

[mightyg]

A president? Signing bills into law? NO......WAY!

[Fencer of Alexander]

Were like 50 pens used this time too? OMG GAHMEN W4STe!!!1!!!

[wunder3]

I am glad we all feel the same way!

[Cruzandercerberus]

Meh, If the government is going to be the lender of only resort and the fed's going to hold interest rates at 0% forever. There's no point in having banks at all.

I would explain why thinking our secret weapon of economic invincibility is the Fed's ability to print dollars endlessly for degrees that are now going to be worth far less than they ever have been is the beginning of the end and a race to the exits. But hey Obama signed another bill! take that Sarah Palin's retard baby!

This post has been edited by Cruzandercerberus: 30 March 2010 - 02:45 PM

[Keylime]

Cruzandercerberus, on 30 March 2010 - 02:23 PM, said:

Meh, If the government is going to be the lender of only resort and the fed's going to hold interest rates at 0% forever. There's no point in having banks at all.

I would explain why thinking our secret weapon of economic invincibility is the Fed's ability to print dollars endlessly for degrees that are now going to be worth far less than they ever have been is the beginning of the end and a race to the exits. But hey Obama signed another bill! take that Sarah Palin's retard baby!

Something like that worked in Robert A. Heinlein's Beyond This Horizon.

[Cruzandercerberus]

The dollar only has value relative to other currencies. If we lived in a Post Scarcity world it would not matter. Until we invent that thing from star trek that produces food from energy or whatever this will not be true outside of the digital world.

This post has been edited by Cruzandercerberus: 31 March 2010 - 08:22 AM

[motoh]

Gutting banks as middlemen from baby's first student debt? I'm of mixed opinions, but I will probably take advantage of this situation personally.

~M

[MrReinhardt]

the fact that it can bolster some of the government loans is good, the fact that they'll probably have a subcommittee of idiots watching it will not be.

[Seigrith]

wunder3, on 30 March 2010 - 12:32 PM, said:

Bill O'Reily, Rush Limbaugh, Sean Hannity, Glenn Beck: heh heh heh heh

-To be continued-

Or, as I like to call them, the Four Horsemen of the Crapocalypse.

 4hc.jpg (188.23K)
Number of downloads: 1

[Cruzandercerberus]

Take that Jesus, you fucking commie pacifist jackass.

This post has been edited by Cruzandercerberus: 01 April 2010 - 08:10 AM

[Metticus]

fuck repulicans and banks.

[draugo]

yea fuk da bankxorz loawlolo

[Cruzandercerberus]

Metticus, on 01 April 2010 - 11:12 AM, said:

fuck repulicans and banks.

I'm sorry life hasn't quite lived up to your expectations. May I suggest realigning your expectations to meet reality at least halfway? I promise it's much healthier than the alternative.

Or you could just put on a bunch of makeup and pretend to be Tyler Durden. Please pick up your complimentary Obama sticker at the door.

This post has been edited by Cruzandercerberus: 05 April 2010 - 12:06 PM

[MrReinhardt]

thanks Bob. made me lol.