WASHINGTON -- The U.S. Department of Education official responsible for student loans resigned Tuesday to avoid facing a House Oversight and Government Reform Committee inquiry into billions of dollars in loan overpayments and underpayments made on his watch.
It was easy to see why former Office of Federal Student Aid Chief Operating Officer James Runcie quit instead of complying with Education Secretary Betsy DeVos' order to attend Thursday's hearing.
Republican congress members including Champaign County GOP Rep. Jim Jordan spent much of the proceeding lambasting Runcie for accepting $432,814 in performance bonuses over six years despite his office's failure to correct improper payment problems.
"Today's hearing highlights exactly what American taxpayers hate about the federal government," said Jordan, who suggested the committee should subpoena Runcie to testify. "Why was he given this kind of bonus of taxpayer dollars when there's billions of taxpayer dollars that go unaccounted for that are under his watch?"
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Pretty much sums it up!
ReplyDeletealmost a 1/2 million dollars in bonus. And he will plead the 5th. We need to do something else. Any ideas?
ReplyDelete