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I finally understand why Obama demanded that no one but government be allowed to issue student loans--no banks, no financial firms, no one but government. He claimed it was about standardization and ending "discrimination" and high costs.
What a lie.
"Only a federal bureaucrat could come up with an oxymoron this laughable: "Feasibility of Including a Volunteer Requirement for Receipt of Federal Education Tax Credits." A "volunteer requirement"? Come again? But that's what the Treasury Department said in a call for comments issued this spring on the idea of making community service--volunteer work for charity--mandatory for college students seeking to qualify for a higher-education tax credit made part of the $800 billion economic stimulus bill that Congress passed in 2009."
Now it is only for tax credits. You can be sure that in the near future, either you "volunteer" or you will not qualify for a student loan.
Under these circumstances, these are not volunteers, they are slaves to the government. As usual, Obama policies harm the poor the most.
"Molly Corbett, president of the American Council on Education, in a letter to Treasury written on behalf of the council and 20 other higher-education organizations, pointed out that mandatory community service would harm the very low-income students that the tax credit was designed to help, by forcing them to spend precious spare time that could be used to earn money to help support themselves or their families instead volunteering for no pay."
Volunteerism is a good thing. Government making students slaves is transformational--changes the United States into the USSR or Cuba.
Now you know why Obama wanted to get rid of private firms or State governments from the student loan business. How else would The One get his slaves?
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What a lie.
"Only a federal bureaucrat could come up with an oxymoron this laughable: "Feasibility of Including a Volunteer Requirement for Receipt of Federal Education Tax Credits." A "volunteer requirement"? Come again? But that's what the Treasury Department said in a call for comments issued this spring on the idea of making community service--volunteer work for charity--mandatory for college students seeking to qualify for a higher-education tax credit made part of the $800 billion economic stimulus bill that Congress passed in 2009."
Now it is only for tax credits. You can be sure that in the near future, either you "volunteer" or you will not qualify for a student loan.
Under these circumstances, these are not volunteers, they are slaves to the government. As usual, Obama policies harm the poor the most.
"Molly Corbett, president of the American Council on Education, in a letter to Treasury written on behalf of the council and 20 other higher-education organizations, pointed out that mandatory community service would harm the very low-income students that the tax credit was designed to help, by forcing them to spend precious spare time that could be used to earn money to help support themselves or their families instead volunteering for no pay."
Volunteerism is a good thing. Government making students slaves is transformational--changes the United States into the USSR or Cuba.
Now you know why Obama wanted to get rid of private firms or State governments from the student loan business. How else would The One get his slaves?
More...