Submitted by Patrick Bott on July 18, 2009 - 12:45pm.
"But Congress is not skilled at setting a payment rate that is neither too high nor too low, or that encourages the optimal number of lenders to make loans to all students."
How preposterous is this statement in light of current events folks? Do the scholars at the NAF live in an alternative universe? Or is this just more FFELP bloodlust courtesy of the Captain Ahab mentality of this blog when it comes to the private sector? Let's see here...Congress is trying to control how 17% of the economy will operate--health care ring a bell? How about cap and trade NAF? Congress seems to think it can determine the Earth's temperature for the next 100 years and therefore winners and losers in the realm of energy. (And Jason thinks Congress can't set a simple subsidy rate on student loans!) Perhaps I'm being too harsh here with the scholars at the NAF. Maybe a trip over to the local Government Motors car lot will clear my head! I hear the new Chevy Volt is a real winner!
The absurd...never in short supply at the NAF!
"But Congress is not skilled at setting a payment rate that is neither too high nor too low, or that encourages the optimal number of lenders to make loans to all students."
How preposterous is this statement in light of current events folks? Do the scholars at the NAF live in an alternative universe? Or is this just more FFELP bloodlust courtesy of the Captain Ahab mentality of this blog when it comes to the private sector? Let's see here...Congress is trying to control how 17% of the economy will operate--health care ring a bell? How about cap and trade NAF? Congress seems to think it can determine the Earth's temperature for the next 100 years and therefore winners and losers in the realm of energy. (And Jason thinks Congress can't set a simple subsidy rate on student loans!) Perhaps I'm being too harsh here with the scholars at the NAF. Maybe a trip over to the local Government Motors car lot will clear my head! I hear the new Chevy Volt is a real winner!