"Stage III cancer of socialism"

Todd Aiken - Stage 111 Cancer of Socialism

"Most successful industrialized Countries including Israel, India and Germany have pulled themselves ahead the United States in education and training. These Countries they have not allowed their Students to be saddled by Loans and other Debts  rather subsidized their Education up to a first Degree in return for voluntary service".  In America some Politicians advocate students Education should become Pawns of of the Banks before they earn a penny in their profession". 

President Obama removed a part of this extra financial obligation by taking away the Student Loan disbursement from the Banks saving Students $6 Billion Dollars in interest and fees. These actions were seen as a Negative by some Elements of the Republican Party including Representative Todd Aiken referring to the move as, "Stage III cancer of socialism"  as a result of the Presidents action more than 7.4 million students currently hold affordable student loans at a 3.4 percent interest rate.

Rep Todd Akin compared student loans to Stage III cancer: "America has got the equivalent of the Stage III cancer of socialism because the federal government is tampering in all kinds of stuff it has no business tampering in. So, first to answer your question precisely. What the democrats did to get rid of the private student loans and take it all over by the government was wrong. It was a lousy bill. That's why I voted no. The government needs to get its nose out of the education business."

"The Banks should be allowed to participate in students Loan but their rates should be reasonable and affordable. Like the Government the Private sector has a role to play in the Education of our Students and that does not include unreasonable Loan Rates and fees saddling them with long term debts to enrich themselves".