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The taxpayer savings don't fund Obamacare but rather go back into higher education: "The Congressional Budget Office said the direct-lending approach would sav
by muzz 12y ago
The taxpayer savings don't fund Obamacare but rather go back into higher education:
"The Congressional Budget Office said the direct-lending approach would save taxpayers about $61 billion over 10 years. Roughly $40 billion of the savings will be redirected to higher education. Education programs will get an additional $10 billion from the health care package."
http://www.nytimes.com/2010/03/26/us/politics/26loans.html http://www.nytimes.com/2010/03/26/us/politics/26loans.html
- hga 12y agoOK, 1/3 of the profits, per CBO scoring. Assuming the arrangement isn't changed in the future. There was a reason to attach it to Obamacare after all, it helped make the CBO's numbers, artificial as they are, add up.