The relentless government takeover of private industry since the Obama administration took office is more than a little frightening. The fact that a government can destroy private industry with such little effort does not bode well for our future. The government is now involved in the banks, the car companies, and now are heavily involved in health care. What else is left? Well, take student loans off the list. These goons managed to completely take over the student loan industry through the health care bill. What in the hell is a complete takeover of this industry doing in a health care bill? Student loans have absolutely nothing to do with our health care. This should have been stripped from the bill immediately but why not take over more private industry?

Students looking for loans to attend college used to go through the Federal Family Educational Loan Program (FFELP) and obtain low interest loans from banks and credit unions. For example, my student loans have been issued by Citi. The government helped organize the program and kept interest rates reasonable. That level of interaction from the government was acceptable. Now the FFELP program is being completely replaced by the Direct Loan program. The two programs are more or less exactly the same but now the loan money is provided by the federal government and not the private banks. Isn't this country broke?

This is just another example of a program that is going to drive taxes skyward. The government doesn't have money to pay for current obligations but we're going to spend billions more taxpayer dollars to fund student loans when the private industry was already doing this just fine. It's another complete industry takeover and no one is talking about it. Let the private banks make a small profit from servicing these loans. As a taxpayer, I don't want to be giving up my dollars to pay for someone's education while the government makes the profit off my money. This is another massive power grab and it's something that's going to be nearly impossible to overturn.

Just another reason why recovering from this idiotic health care bill is going to be almost impossible. Come November, these out of control morons need to be tossed on their asses or I don't see how we stop the slide into complete and utter socialism.