Recently one of the candidates who is participating in 2020 big dance has asked a major student loan servicing institution to pay $22.3 million to the federal government. This money, according to the report has been asked by the candidate due to “massively overcharging the federal government in a years-long scandal “.
Hello DOE, how has this occurred? One lesson learned from this case is that DOE did not do either compliance nor the financial audit. The Association has long argued that Uncle Sam needs to have ESCC. It does matter if the color of the administration is red or blue. Interestingly, it seems the three government branches are both deft and mute. For none of them has the interest or will to work for their constituents. They just need their valuable votes. Therefore, the American public has to learn which candidate will work for the general or public interests.
It is pretty clear that the company has followed the maximizing behavior as discussed by the neoclassical economists in the past. However, the economists never suggested that in order to be consistent with the rational behavior, it should break the laws and/or regulations. This is what the Association has discussed about the missing constraints in the firms’ maximizing behavior model.
Apparently, this candidate is pretty persistent and consistent in her paramount motivation to run in the 2020 big dance. Her objectives are nothing but:
- To work for the American public’s interests.
- To make college education is affordable to every American.
- To make the country back to the NDEA’s original soul.