The Government Takeover of Student Loans

The government does not have a good track record when it comes to doing business. While a case can be made that it does a good job of protecting our security, it is hard to make a case that they run our country with good fiscal policy. The only way the government survives its mistakes is by printing more money and taxing its citizens.

For many years the post office was the one agency that was run well and did do a good job. In recent years though, stamp prices have had to be continually raised to pay for the inadequate management and lack of good business practices. The declining performance of the United States post office has allowed private competitors such as Fed Ex and UPS to step in and take away market share.

Without any good examples of the US government operating a successful business, they are now proposing to take over the college loan business. President Obama wants to take student loans out of the hands of all the private companies and completely turn them over to the government. This is just one of a number of things the people in government think they can do better than the private sector.

One of the most compelling reasons why this should not go through is that we would be giving the government more power than it already has. Our children’s fates would be in the hands of someone behind a desk in Washington who would be deciding which of our children get loans and thus which of them get to go to college. Is this really what we want?

We as American citizens have to be very careful how much power we let our government take on. Left unchecked, they will try to take over every industry and rule our lives completely. People in Washington want power and one way they get it is by trying to control our lives through taxes and the many decisions we allow them to make. It is now time to step back and remember that they work for us and not the other way around.

Would you like to find out about Obama moms return to school grants or loans? If you would please visit my website Obama Financial Aid to find out more.

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