As if this Marxist President hasn't done enough to destroy our economy and nationalize industries, he now seems poised to buy off even more of the college vote by enacting new rules for college loan pay back.
Obama got legislation passed in 2009 that outlawed the private college loan business and handed over that unconstitutional authority to the Feds, putting taxpayers on the hook to subsidize every little Johnny or Susie's college loan whether they want to or not.
Now with these new rules he will enact, the little slimes suckling off this program will now have to pay only paltry amounts after they graduate and after 20 years the remaining balance is forgiven!! Meaning YOU and I will pay for that unpaid portion!
Like health care, Big Brutha got this garbage passed by promising to lower costs and increase efficiency, but as we will definitely see in healthcare with the passage of Obamacare, what we will really get is a government takeover, soaring costs, higher taxes, and less choice and having the government dictate who gets what loan and under what conditions. (can you say "rationing" and "death panels"?). The evil of this dangerous man knows no bounds and soon we will see the collapse of our economic system under the weight of entitlement and crushing debt.
