The health care reforms passed by the House last night is not not NOT a government takeover of health care. Not even close. If it were, I'd really be partying.
But for those of you who need a real socialism fix, Understanding Government reminds us that last night's historic vote did include one honest-to-goodness nationalization of an industry. We got student loan reform! Instead of subsidizing banks to provide federal student loans, Uncle Sam will now kick out the middle man and handle students loans directly. Savings: $61 billion... $36 billion of which goes to expand Pell Grants. Not as big a boost as I was hoping for when SHS voted against this good legislation last fall, but still good news for students and taxpayers alike.
I guess it's not really nationalization to take back a government service that was outsourced to produce an artificial risk-free market. But why quibble: if you wanted socialism to gripe about, student loan reform is as good as you're going to get this week. Go ahead, Republicans: gripe about yet another great piece of Democratic deficit-cutting.
Drink Up! -
1 day ago