The Patient Protection and Affordable Care Act, commonly referred to as Obamacare, includes a provision that eliminates private sector student-loan programs. Preposterous? Nothing is preposterous in Washington.
In a letter to supporters, Larry Arnn, president of Hillsdale College, writes:
[Hillsdale’s resolution to remain independent of government funding] comes at a time when the federal government is increasing its unconstitutional grip on higher education. In the most recent example, sweeping legislation was passed that takes the student-loan business away from private lenders and hands it over to the Department of Education. This measure was tacked onto the health-care bill at the zero hour, and with false and laughable claims of saving billions of taxpayer dollars.
He who controls the purse strings controls absolutely. We are losing our liberty one increment at a time. We are losing it in subtle, almost clandestine ways. Did you know this provision was in the health-care bill? I would venture to say that many, perhaps even most of our representatives who voted for the bill were unaware of it.