Another dirty little secret. In the original Robin Hood story (before political correctness rewrote it), Robin Hood stole from King George - the government - and gave the money back to the poor over taxed peasants. You could say Robin Hood was a huge TEA party supporter.
The original tale is the opposite of the way it's being used today.
I don’t really understand why they needed to do the bookkeeping exercise of “taking” money from the PBGC - which apparently has a value of negative $26 billion.
Why not just create more Baraqqi/Bernanke/Geithner minibucks?
That Transportation Bill was chock-full of myriad evils. But it was sure to draw plenty of Pubbie votes, due to all the pork involved.
You forgot to mention that
1. Many of loans go to kids that can’t get a job and instead buy into the fallacy that a BA gets you somewhere and therefore enroll in African Studies, Social Responsibility, English Lit., PolySci etc.
2. Few students are encouraged to learn a trade - welding, plumbing, auto repair, electrical contracting - all trades that earn very respectable income and are actually useful in society.
3. The government charges interest on the loans (of course) and therefore makes money on the students and saddles them with debt right from day one.
“Robin Hood robbed the rich to pay the poor......”
Once more with FEELING! Robin Hood robbed the rich EVIL, CONTROLLING POLITICIANS - KING JOHN AND HIS SHERIFF OF NOTTINGHAM, to give the money back to the legitimate owners of the money, the working peasants.
Robin Hood did not ever rob merchants who were not noblemen, but also peasant class!
I am on a crusade here to get people to always object to the liberals trying to claim the mantle of Robin Hood, when in fact, they more closely resemble bad King John.