Paying for Reduced Student Loan Rates

28 Apr

OK.  The Democrats want to pay for the $6 billion gift to students by increasing revenues — taking from high-earning businessmen or from oil-drilling subsidies.  The Republicans want to get the $6 billion by taking it from a preventive health fund created as a part of Obamacare.

The Democrats are screaming about the Republicans wanting to wage a war on women, and the Republicans are screaming about the foolhardiness of raising taxes in a recession.

From a conservative’s point of view, here’s the irony in the Democrat’s attack — according to an Associated Press article:

Democrats voted solidly earlier this year to take money from the preventive health fund to help keep doctors’ Medicare reimbursements from dropping. Obama’s own budget in February proposed cutting $4 billion from the same fund to pay for some of his priorities.” [Emphasis is mine.]


The Democrats are beating up on the Republicans for something the Dems have already endorsed through previous Democratic Party proposals?

By the way, the same AP article points out that the reduced rate means the average student will pay about $1000 less over the life of the student loan.

WHAT [again]? 

We are going through all this argument and name-calling for a benefit of only $1000 average per person over an extended loan payback period?  Wow.  Where’s that kid again who said he’d have to change colleges if the rate were allowed to go back to 6.8%?  Maybe someone needs to give him a better education, anyway.

Your thoughts?


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