Word: kassebaum
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...lending industry could not succeed in maintaining its chokehold on taxpayer-financed profits without well-placed friends in Congress and the Seante. Of course, they found willing accomplices in the Republican party. Representative Bill Goodling (R-Penn.) and Senator Nancy Landon Kassebaum (R-Kansas) were more than willing to trumpet the innuendos against direct student lending...
Three-term Senator Nancy Kassebaum became the tenth member of the Senate, and the second Republican, to announce that she will not seek re-election in 1996. "Kassebaum's departure is another indication there is not as much room in the Republican party for moderates as there once was," says senior correspondent Jeffrey Birnbaum. "She will be remembered as one of the most thoughtful members of an institution that a lot people doubt gives much serious thought to anything these days. In partisan terms, it is likely she will be replaced by a Republican...
...exactly does Sen. Nancy L. Kassebaum think she is? The Kansas Republican who is leading the Senate Labor and Human Resources Committee's crusade to cut financial aid could soon become the Wicked Witch of the West to many students. We'd like to throw a little dirty dish water on this latest attack on government funding for education...
...Kassebaum has undertaken the task of cutting $10 billion in federal loans and grants with repulsive gusto. The most ludicrous part of her plan calls for colleges to pay a two percent fee on all federal loans. Perhaps the senator needs another lesson in basic economics, this time on efficient taxes...
...good (such as cigarettes or alcohol) has negative side effects, it is efficient to tax that good to compensate society for the side effects. But in the case of education, those effects are over-whelmingly positive, and thus society should subsidize the procurement of education rather than taxing it. Kassebaum's plan proposes the equivalent of a sin tax on a college education--could anything be more idiotic...