Obama Tried to Fund Obamacare with Interest from Student Loans
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1 year ago
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In 2010, the Congressional Budget Office told us originating the loans federally would provide 61 billion dollars is savings for the government over 10 years. They could borrow student loan money at 2.8% and lend it at 6.8%, so the government sells taxpayer money to students at a 4% markup. A portion of that savings from not paying banking fees, about 9 billion, was routed to fund Obama health care initiatives.
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