by Allen Clifton
First, let’s look at his exact words and the numbers he used to make his asinine claim:
“The Democrats, when they passed the health care law, took $50 billion from over-charging students and used it to reduce the debt, pay for Pell grants, and to pay for the health-care bill. And they’re still doing that.”And the numbers he’s using for his statement:
By eliminating banks from the process of giving out government loans to students, the non-partisan CBO estimates that it would yield a savings of $58 billion, or $5.8 billion per year, between 2010-2019. So what did we do with that money? Well:
- $36 billion on increases in Pell college grants for low-income students.
- $10.3 billion for deficit reduction.
- $8.7 billion to support the health care law.
- $3 billion for historically black colleges and minority-serving institutions.
Which of course makes absolutely no sense.
I’m willing to bet if we took that $8.7 billion which he claims is “overcharging students on their loans” and handed it over in the way of some big corporate tax break or tax cut for the wealthy, then he wouldn’t object at all. In fact, he’d probably say it wasn’t enough.
But let’s look at what Senator Alexander essentially admits in his feeble attempt to try and attack the Affordable Care Act.
First, while the shrubwas in the White House (and repugicans mostly controlled Congress) he admits that students were essentially overcharged $46.4 billion dollars ($5.8 billion x 8 years in the White House). And the “fiscally conservative government repugicans” did nothing about this.
But Obama did, didn’t he?
Second, he admits Obama passed a bill which saved $58 billion dollars and is using $10.3 billion of it on deficit reduction. Mind you, really it’s insignificant when it comes to the size of our national debt, but surely a man Republicans claim is just out to “spend, spend spend” wouldn’t use some of the savings he supported and signed to pay towards our deficit, would he?
Well he did, as Mr. Alexander openly admits.
Third, he admits that the vast majority of the savings Obama created by eliminating banks from the process of giving government loans to students went back into providing more funding for Pell Grants, which help millions of Americans afford to go to college.
That son of a gun. How dare Obama help Americans afford to go to college! He’s such an elitist fool!
So, in Senator Alexander’s pathetic attempt to tie in the Affordable Care Act with the cost of student loans, he essentially:
- Admits the shrub junta overcharged students $46.4 billion during his time in office.
- Admits President Obama passed a good policy which will save $58 billion.
- Admits President Obama used some of that savings to pay down our deficit.
- Admits President Obama invested the majority of it back into our education system through Pell Grants for students.
That tricky thing called reality, it sure knows how to ruin a repugican trying to perpetuate a lie.