Monday, July 1, 2013

Interest rates on student loans doubled today

link - John Boehner

Speaker Boehner said, "Republicans have passed common-sense legislation mirroring the president’s plan to stop student loans from doubling and make college more affordable. It’s disappointing that Senate Democrats left town without taking action on behalf of students and their families."

Change: Democrats Double Student Loan Rates, Use the Money to Fund Obamacare - Rush

...RUSH: About 15 months ago Obama as in Iowa City, Iowa. By the way, I went back to my website and I now am fully up to speed. The Democrats wrote this student loan bill so that the rate would double as a campaign issue in an election year. Details coming up. I want you to hear Obama, though, April 25th, 2012, in Iowa City. He's at the University of Iowa talking about student loan program.

OBAMA 2012: Now is not the time to double the interest rates on our student loans. Now is not the time to double interest rates. Now is the time to double down on start investments that build a strong and security middle class. Now is the time to double down on building an America that's built to last.

RUSH: Okay, so that's during last year's presidential campaign, April 25th in Iowa City. "Now is not the time to double interest rates." They were scheduled to double today, and they were using this as a campaign issue. Guess what? Interest rates doubled. Obama won reelection so it doesn't matter. They need the money for Obamacare. ....