So a member of the leadership in Washington is saying that Republicans should refrain from brinksmanship when it comes to the upcoming continuing resolution and the budget fight. That’s not that interesting, what is interesting is who said that, Majority Leader Eric Cantor!

Believe it or not but the oft confused Republican from Virginia sent around a memo laying out the reasons why the House Republicans should not engage in the same kind of economic and policy hostage taking they have been successful with for most of a year.

Student loan lobbyists have been distributing a memo around Capitol Hill, with the misleading claim that if the FFEL program is eliminated in favor of direct lending, all of these jobs in the industry will be lost.

The bottom line: job losses in a tough economy are nothing to treat lightly, but the claims made by lobbyists don’t hold to close scrutiny, and the jobs impact must be weighed against the number of students currently enrolled in each state if money that could be going to schools is instead propping up a costly and unnecessary industry that is surviving only because of government subsidy.

Find out more about the Students, Not Banks campaign and sign the petition.