RED ALERT: Obamacare’s Job-Killing ‘Christmas Tree Ornaments’

Up to 8,600 Jobs May be Lost in Indiana

“Health-reform legislation passed just four days, but new discoveries keep cropping up.

“Seems the bill goes far beyond reforming health; it also has the potential to substantially alter the employment picture of Muncie and Delaware County in a bad way.

“It’s yet another example of an out-of-control Congress that just can’t say no to expanding government’s reach into every corner of society.

“Just to be clear, we’re not discussing the pros or cons of the health bill; it’s the Christmas tree ornaments that Congress hung off it to assure its passage.

“The main one (at least that we know of so far; it takes time to wade through 2,409 pages of legislation) will expand the government’s Pell Grant programs at the expense of private student loan originators such as Sallie Mae.

“The result: Under a worst-case scenario, Muncie might lose 700 jobs at its Sallie Mae call center on the city’s north side. A Star Press article on Tuesday said the company might have to cut its 8,600 total workforce by 2,500 workers and reduce its national locations from 25 to about six. It’s unknown how Muncie might fare if the company starts closing offices.

“The federal government is taking private sector jobs and adding to the government’s bloated expenditures.”

(Editorial, “Health-Reform Package Contains Nasty Surprise,” The Star-Press, 3/25/10)

By Code Red