The Outrage Du Jour is Sallie Mae spent $4 million dollars, U.S. taxpayer dollars to lobby against student loan reform.
This call out is coming from the White House and what a right on target to choose.
Sallie Mae had launched an intense lobbying effort to push the Senate's hand, including "sit-downs with lawmakers, town-hall-style meetings and petition drives to plead their case and stay in business." Over the past year, the company spent more than $4 million lobbying Congress, a review of campaign finance records showed. That was the equivalent of $25,000 for every day Congress was in session.
U.S. Education Secretary Duncan:
Sallie Mae executives have paid themselves hundreds of millions of dollars in the last decade while teachers, nurses, and scientists -- the backbone of the new economy -- face crushing debt because of runaway college tuition costs.
Where is this going on? The Senate. Are you surprised?
What we need is to clear out the Senate from all of the corruption. It's just a legislative lobbyists' wet dream.