As the House prepares to vote on a bill that would largely do away with private lending in higher education, Rep. John Kline railed yesterday against the expansion of a “public option” in the student loan industry.
This all sounds very familiar.
“We’re not talking about health care today, but perhaps we should be,” said Kline, the top Republican on the Education and Labor committee. “The vote we will take on student lending is a culmination of a plan set in motion more than a decade and a half ago – and one that bears an eerily strong resemblance to the health care debate that rages on today.”
Kline explained that moving toward a fully government option means moving away from “the choice, the competition, and innovation of the private sector.”
He said, “What is absolutely clear is that forcing the public option is a government takeover.”
It will mean that school across the country will have to “scramble to make the personnel and infrastructure changes necessary to administer a program that is run by the Federal Government.”
It may sound like the health care debate, but it surely won’t last as long. The bill is expected to pass today.
Update: Rep. Michele Bachmann just blogged at Townhall.com that the student loan public option is “not to be confused with the public option for health care — but the similarities can’t be overlooked”