http://www.nytimes.com/2009/01/28/ed...c.html?_r=1&hp
Quote:
Analysts were also turning up surprises in the fine print.
One provision, which was sought by the student lending industry and went unmentioned in early Congressional summaries of the stimulus package, would temporarily increase subsidies to banks in the guaranteed student loan program by tying them to a new index, partly because recent federal intervention in the credit markets has invalidated the previous index. A spokesman for Sallie Mae, one of the largest student lenders, said the change was needed to keep student loan markets fluid. Critics said it represented a potential new windfall for lenders.
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Nope, no change at all. Pork is prime.
I have no problem with some of the education stimulus stuff, but what happens when the money runs out in two years. The answer to date has been "new entitlement"
The 'earmark ban' has been skirted by the lobbyist Obama did away with:
Lobbyists Get Around Obama's Ban On Earmarks
Someday mainstream media will pick up the story.