Ben Nelson released a statement this afternoon declaring that he would vote against the reconciliation bill that the House passed yesterday because of the student loan reforms. As he says:
“Perhaps most troubling is adding unrelated student loan reforms that have never been debated in the Senate and would result in a government takeover of student lending.”
Get that? Ending an $80 billion subsidy to private lenders to do what the government already does is “a government takeover” in his mind.
As John Cole said on twitter Saturday,
“Only a full fledged wingnut like @kathrynlopez would call stopping a multibillion dollar corporate handout “a takeover.”
Full-fledged wingnuts and Ben Nelson.
Nelson argues that this would endanger 30,000 jobs, which he says is foolish in this economy. Ben Nelson thinks it’s worth $80 billion to protect 30,000 jobs, yet continues to vote against the much-less-expensive jobs bills that have come up in the Senate because they add to the deficit.
And quite significantly, the reconciliation bill eliminates the “Cornhusker Kickback,” which Nelson will now cast another vote to preserve.