Helping the Kids Out
President Obama this weekend began bullying Congress not to let the low-interest student loans expire this year.
Obama wants Congress to extend a law that cut interest rates on a popular federal loan program for low- and middle-income undergraduates. If the law expires, the rates will double on July 1, from 3.4 percent to 6.8 percent.
Obama blames Republicans for voting against new ways to make college more affordable for middle-class families. But it was House Democrats who cut interest rates on the school loans in 2007 and included an expiration provision that placed the looming increase in the middle of an election year.
It now seems as Mitt Romney agrees. But will Romney be able to get his party to follow suit?
You make an interesting point Nemski…. not with you post… well, yes with your post, as always….
But you used the term “bullying” to describe how obama is trying to force congress to help people..
We talked a lot about “creep” yesterday, “Bully” is finally becoming an unacceptable social role, let’s save it for real bullies… like the republicans.
also, mitt romney doesnt have the spine.