Obama’s Education Two-Step

Obama’s Education Two-Step: "While President Obama’s proposals to incrementally bleed the private health care and energy sectors are receiving far more coverage in the mainstream media, his plans for education are dramatically more radical. For what the White House has in mind stops just inches short of the total abolition of private lending for college students.
What Obama intends is the elimination of the Federal Family Education Loan Program, a public-private partnership that is the primary vehicle for providing college loans in America. According to the Congressional Budget Office, his plan would save $94 billion over 10 years by eliminating the private lenders and leaving the loans fully controlled by Washington. Expect to hear that figure often in this debate, as it is the sedative by which the White House will seek to pacify fiscal conservatives."