Comment by Jim Campbell Citizen Journalist
With three days left before Congress makes a decision on the doubling of student loan interest rates, President Barack Obama and college students around the country continue to push for congressional action to stop the increase.
The likelihood of this legislation being settled with the Supreme Court decision on Obama Care, and a vote in the House of Representatives being cast to determine if Eric Holder will be held in contempt of Congress.
This entire issues is only remotely concerned with interest rates students will or will not pay, they are being held hostage by the Obama administration who will veto the bill should it reach his desk. Simply said, it’s all about politics.
Dianne Feinstein did not break from form proving once again a follower, the Senate voted 52-45 along party lines.
In anticipation of the ineptness of Harry Reid and his followers, the Republicans passed a bill in The House of Representatives to prevent student loans from doubling.
Democrats don’t like it because the money to pay for it would come from President Obama‘s health care law and would eliminate a fund that pays for preventive care. ( code for mandatory free birth control and abortions a matter of great concern to the 83-year-old Feinstein.
It appears that once again Ronald Reagan’s quote”Government is not the solution, it’s the problem,”delivered at his inaugural address, Jan. 20, 1981 will be operative.
A bill to prevent interest rates on federal college loans from doubling on July 1 failed to get the 60 votes needed to clear the Senate to start debate on the legislation.
The $6 billion measure would extend the 3.4 percent interest rate on subsidized Stafford loans for another year. Without congressional action, rates would grow to 6.8 percent.
The Senate voted 52-45 along party lines. The vote was largely symbolic because the Democratic bill had no chance of approval by the GOP-led House, for very good reason.
According to said Senate Majority Leader Harry Reid, (D-NV) “They’re sending a clear message that they’d rather protect wealthy tax dodgers, and that’s what they are, than help promising students achieve their dreams of higher education.”
Mr. Obama has been on the road going to several school campuses blaming Republicans. Republicans say Democrats are making a war where there is none.
“To travel to three battleground states and go to three large college campuses on taxpayer’s money to try to make this a political issue is pathetic,” said House Speaker John Boehner.