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Student loan bailout would consume 62% of new Obama taxes

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Politics,Paul Bedard,Washington Secrets
Americans concerned about what President Obama plans to do with the $1.6 trillion in new taxes he is proposing in the a "fiscal cliff" deal have a new worry: Will it go to bailout some $1 trillion in student loan debt, leaving enough to pay for less than two years interest on the national debt? Critics are raising that possibility on the heels of a new Federal Reserve report that student loan...