GOP’s student loan solution

House Speaker John Boehner now says he’s on board with the idea of preventing interest rates on subsidized Stafford student loans from doubling from 3.4 to 6.8 percent in July. There’s a catch, course.

From ThinkProgress:

But Boehner’s proposal would finance the $5.9 billion cost of maintaining the 3.4 percent interest rate for one year by repealing the Affordable Care Act’s Prevention & Public Health Fund, financing that’s designed to help states and communities fight chronic conditions like heart disease, cancer, stroke, and diabetes, and ultimately reduce health care costs…


Yet the GOP had supported increased federal funding for prevention before Obama embraced it, even attempting to take credit for it as a Republican idea…

The article then quotes prominent Republican legislators who, in the past, have praised the idea of health care that emphasizes preventive measures against disease.

Bottom line: Republicans will stick students with double interest payments on loans, or they will cut funding of preventive measures against disease. They will not consider ending big tax subsidies for oil and gas companies, or any other taxes on their base, the one percent.

4 thoughts on “GOP’s student loan solution

  1. Come on lung cancer, you’re such a pussy that I’l bet you can’t knock off Boner inside of six months time while his family looks helplessly on. I dare you. Cowardly caner…

  2. When it was first reported that the Republican leadership was back peddling on student loan interest, we should have known there was going to be a catch.

    Since bankruptcy laws guarantee the loans will be paid back, there is little risk to the taxpayers. These loans should be interest free.

  3. And of course, Obama will plead helplessness and move to the right a little bit. And the democratic party apologists/liberal class (I am using it in the same sense as Chris Hedges) will weep for pooah Obama baby.

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