Gettin' It Done - 14

One of the things that didn't work out so well when everybody was busily hacking away at "all that Washington red tape that strangles commerce" was that we ended up boondoggling the financial sector to the point that we might as well have nationalized the banks.

It's interesting to me that the "conservatives" are always accusing their opponents of hiding a socialistic agenda, when they're the ones making it impossible for banks to operate without a guaranty of government help.  The banks borrow money from the government at ridiculously low rates to begin with, and then If the borrower defaults, Uncle Sugar steps in to pay off the loan.  So who the fuck is the socialist in all of this?

14. Kicked Banks Out of Federal Student Loan Program, Expanded Pell Grant Spending: As part of the 2010 health care reform bill, signed measure ending the wasteful decades-old practice of subsidizing banks to provide college loans. Starting July 2010 all students began getting their federal student loans directly from the federal government. Treasury will save $67 billion over ten years, $36 billion of which will go to expanding Pell Grants to lower-income students.

If you ask me what I think of American Capitalism, I'd have to answer - I think we should try it.  (the good ones know what to borrow, and the great ones know what to steal)