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The Water Cooler
General Discussion
Did the Obama administration commit 'the biggest accounting fraud in history' with student loans?
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<blockquote data-quote="John6185" data-source="post: 3268655" data-attributes="member: 25679"><p>7% interest on student loans to the federal government? That is too high, especially since the gov't is double-dipping. Once to draw 7% interest and the next is to draw an increased withholding Tax because a person went to school and has a higher paying job (hopefully). You get ripped off twice, one with student loans and again in higher taxes so they politicians can buy votes. It's obvious they don't care about the average Joe, who are they trying to kid, they made it look like they were doing everyone a favor.</p></blockquote><p></p>
[QUOTE="John6185, post: 3268655, member: 25679"] 7% interest on student loans to the federal government? That is too high, especially since the gov't is double-dipping. Once to draw 7% interest and the next is to draw an increased withholding Tax because a person went to school and has a higher paying job (hopefully). You get ripped off twice, one with student loans and again in higher taxes so they politicians can buy votes. It's obvious they don't care about the average Joe, who are they trying to kid, they made it look like they were doing everyone a favor. [/QUOTE]
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The Water Cooler
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Did the Obama administration commit 'the biggest accounting fraud in history' with student loans?
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