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The Government Takeover of Student Loans
18 Nov 2009 Is there anything the government does well business wise? The United States government is in charge of protecting us and a case can be made that they do a good job of that. But other than going to war and maybe controlling the police, I find it difficult to think of anything the government does successfully. It used to be said that the post office did a good job but now they are losing money every quarter and having to raise their prices as a result. Even with the price of stamps going up, the post office still continues to operate in the red. Private competitors like FedEx and UPS are thriving and doing successfully what the post office once did. Without any good examples of the US government operating a successful business, they are now proposing to take over the college loan business. President Obama wants to take student loans out of the hands of all the private companies and completely turn them over to the government. This is just one of a number of things the people in government think they can do better than the private sector. Besides the obvious question of why we should let this happen is another question about whether we want suits in Washington deciding which of our kids get loans and which ones don’t. Those students who don’t get loans are probably not going to be able to attend college and it is none of the governments business of who goes and who doesn’t. Our government is there to protect us and not to be our mother and father. We as American citizens have to be very careful how much power we let our government take on. Left unchecked, they will try to take over every industry and rule our lives completely. People in Washington want power and one way they get it is by trying to control our lives through taxes and the many decisions we allow them to make. It is now time to step back and remember that they work for us and not the other way around. Are you looking for information on Obama school grants? If you are or would like more student financial aid information, please visit my website Obama Financial Aid. |
