Huckabee- Education Cheaper than Building Prisons

[Oldtimer]

While Huckabee was fundraising for his type of private Christian Schools- he is right with the basic idea- funding educations and colleges, schools and training centers is much cheaper than funding and operating prisons- and makes more taxpayers, instead of tax leechs and tax users....

But our current government/Administration can't even come up with a way to provide adequate loan money to students right now- while spending BILLIONS $ to build Iraqi schools....

I heard GW is trying to get an Iraqi University named for him-- they're looking at calling it "DUH U".....

[Rambo]

There is plenty of loan money for college tuition. The problem is every time the feds increase the loan amount the colleges increase tuition. After helping two kids through college that is what i see anyway. The loan money they had offered would have put them in debt over $100,000 each.

[Mike]

US student loan bill advances, Bush will sign
May 1, 2008

WASHINGTON (Reuters) - The U.S. Senate on Wednesday unanimously approved legislation aimed at stabilizing the student loan market and heading off what lenders warn could be a shortage of loans in coming months as millions of college students lock in their finances before heading to school.

The bill would temporarily allow the U.S. Education Department to inject liquidity into the secondary market for student loans, which seized up recently after investors were spooked by the subprime mortgage crisis.

The department would be empowered until mid-2009 to buy federally guaranteed loans that lenders are unable to sell as securitized debt. Many lenders depend on selling such debt to raise money for new loans.

The bill would also let the Education Department funnel capital for loans to state guaranty agencies under a "lender of last resort" program -- not only for students, but for entire colleges, if they face loan shortages from other sources.

The House of Representatives was expected to vote in favor of the bill, possibly as soon as Thursday. The White House said on Wednesday that President George W. Bush supports the legislation and will sign it.

Loan providers such as Sallie Mae (SLM.N: Quote, Profile, Research), Bank of America Corp (BAC.N: Quote, Profile, Research), Citigroup (C.N: Quote, Profile, Research), JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) and many others in the $85-billion industry would be affected.

Sallie Mae said the bill would give the Education Department "at no cost to taxpayers, the flexibility to implement a comprehensive, equitable solution to the credit crunch in the student loan capital markets."

The company urged the Education Department to move as quickly to write regulations to implement the bill as Congress had in adopting it. Sallie Mae, known formally as SLM Corp, is the nation's largest student loans provider. Continued...

[Mike]

If the Liberal Federal judges appointed down through the years had not outlawed prison labor, these prisoners would be much more productive and help pay their way through the prison system.

I remember a few years back when the State of Florida was proposing that prisoners separate burnable materials from garbage to provide fuel for an electrical power plant got shot down as "Cruel and Unusual Punishment".

The farm at a prison just closed down here because the prisoners no longer wanted to work.

[backhoeboogie]

[aplusmnt]

[Rambo]

[Texan]

[aplusmnt]