Monday, November 25, 2013

Sooo much wrong with this-------Federal government books $41.3 billion in profits on student loans

1. Why is the government competing with banks.
2. Banks pay taxes on their profits. BarryBank don't.
3. These aren't profits. They are excess cash flow. They DO NOT account for defaults. Which are growing exponentially.
4. As soon as the "profits" are announced, a billion "brilliant" ideas come from politicians and their comrades in the national propaganda office (AKA the liberal media) to spend every penny.
5. So many more reasons this is a sad window into the sad future of our children and their children. And on and on and on......
Federal government books $41.3 billion in profits on student loans | Detroit Free Press | freep.com:
"The federal government made enough money on student loans over the last year that, if it wanted, it could provide maximum-level Pell Grants of $5,645 to 7.3 million college students."

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