President Obama signs the health care ‘fixes’ bill which also nationalizes the student loan industry, Obama says banks were exploiting college students, former CBO director slams Democratic accounting gimmicks on health care, controversy erupting over another Obama recess appointee.
Archives for March 30, 2010
Drowning in Red Ink
Former Congressional Budget Office Director Douglas Holtz-Eakin explains just how contrived the accounting is in the new health care law. Holtz-Eakin explains what the cost will be over the first 10 years of the program actually being in effect. He also explains how Congress is raiding money from Social Security and Medicare to help cover this new entitlement – and how money is being stolen from a another program just created by the same bill! So how much debt will we see? How will Congress try to cover the massive shortfall? And how much will premiums go up on top of everything else?
Dems Make College More Expensive
On Tuesday, President Obama signed the ‘fixes’ bill for the major health care bill he signed a week ago. Included in the legislation is a government takeover of the student loan industry. So what will be the immediate and long term impacts of this move? Why will this make college tuitions go even higher? Will this allow the government to play favorites and make more demands on colleges and universities? We ask Rich Brake of the Intercollegiate Studies Institute.
Obama’s Radical Recess Appointment
Over the weekend, President Obama issued 15 recess appointments, which allow his nominees to serve in their positions without Congressional confirmation until the end of the current Congress. One of those appointments was for Georgetown University professor Chai Feldblum to serve at the Equal Employment Opportunity Commission. So what makes her a radical? What will she promote? Why could employers be forced to accept workers with all sorts of troubling proclivities?