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[O]bama administration cooked the books, used student loan profits to make Obamacare look good
Daily Caller ^ | Jan. 5, 2014 | Ginni Thomas / Grae Stafford

Posted on 01/05/2014 1:53:16 PM PST by T Ruth

Cato education scholar Neal McCluskey revealed how a little-reported feature of the Affordable Care Act uses shady accounting to hide its overall cost.

“The change in student loans was part of Obamacare — and why was it part of Obamacare?” McCluskey said in an exclusive interview with The Daily Caller. “So that the profit they were supposedly making from the student loans could then be plugged into how much money would come from Obamacare, so it didn’t look like it cost as much.”

In the last days of Obamacare’s formulation, the projections had student loans folded into them to make them not seem so expensive.

* * *

Catch the full interview with Neal McCluskey on Monday on The Daily Caller.

(Excerpt) Read more at dailycaller.com ...


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: abolishobamacare; obamacare; obamacarelies; obamalies; studentloans

1 posted on 01/05/2014 1:53:16 PM PST by T Ruth
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To: T Ruth

You gotta pass it to know what’s in it.


2 posted on 01/05/2014 1:55:17 PM PST by Vermont Lt (If you want to keep your dignity, you can keep it. Period........ Just kidding, you can't keep it.)
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To: T Ruth

Lying to America is okay — it’s for the “common good.”


3 posted on 01/05/2014 1:56:49 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: T Ruth

He lied? Say it isn’t so!


4 posted on 01/05/2014 2:09:23 PM PST by bgill
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To: T Ruth
This not news, everyone here on FR knew it, as they took over student loans, took out of the marketplace everyone loaning them money,( except for their apparatchiks ) and were charging 6.8% to boot.

What happened to "Contract Law" here? I can't get a "Contract" with a bank to do so.. They could, but it is unsecured, and post Dodd-Frank ya think they'd take the risk? No way...

These 18 to mid 20 somethings that voted for this and sometimes twice have Bohica'd themselves more then they will ever know, but they are too busy tweeting or watching the game, or some inane series on TV....

5 posted on 01/05/2014 2:11:51 PM PST by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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To: taildragger

After the mid-terms, start Impeachment proceedings so the country can get a look at what this guy has been up to.


6 posted on 01/05/2014 2:15:59 PM PST by Rodney Dangerfield ("Close the Voter ID Loophole! ID & Background checks for all voters!")
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To: Rodney Dangerfield

Please!


7 posted on 01/05/2014 2:54:25 PM PST by blaveda
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To: T Ruth

The ‘pajama boy’ demographic is getting screwed twice.


8 posted on 01/05/2014 3:51:00 PM PST by sportutegrl
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