GOP’s Newest Attack on Student Loans
The platform calls for repealing student loan reform so private lenders can get a bigger piece of the pie
By Tim Price, Next New Deal
Since health care reform was passed in March 2010, Republicans have railed against the individual mandate and imaginary death panels. But they’ve also been seething over a lower-profile part of the package called the Student Aid and Fiscal Responsibility Act (SAFRA), which made the government the sole originator of federally backed student loans. Critics have called it a government takeover, with Paul Ryan claiming that “they had the federal government, the Department of Education, basically confiscate the private student loan industry.” (For the record, you can still go get a private student loan whenever you want. You won’t be pulled off the street and tossed into the back of an FBI van.)…
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I admit to liking Ryan, but this is bullshit. His claim, even if it was true, would be praised if he was talking about Syria. “they had the federal government, the Department of War, basically confiscate the sovereign rule of Syria/Egypt/Libya/Iraq/Afghanistan.” Then it’s ok. But if the government tries to put down the usury run rampant in our own businesses, they’ve stepped on his buddy’s toes. Business can do no wrong in Ryan’s eyes. How can one live with such a perspective?