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Chris Wysocki
Caldwell, NJ
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Monday, 01 July 2013
The real reason Democrats let student loan interest rates double? To pay for Obamacare!
It's all over the news this morning. Student loan interest rates doubled today, supposedly because Congress "did nothing" to prevent it.
Nevermind there were several Republican proposals on the table to keep rates low. And the Democrats hope you don't notice they were the folks thwarting those proposals at every turn.
Why?
Because Dear Leader needs the revenue from that interest rate hike to fund Obamacare, that's why.
The Affordable Care Act is set to cost students enrolled in the government's loan program $8.7 billion in extra interest over the next decade, according to a report published by the non-partisan Congressional Budget Office (CBO).
If savings were kept inside the loan program, instead of transferred to Obamacare, they could allow the Department of Education to lower student interest rates to 5.3 percent from 6.8 percent, according to the CBO.
Hey all you idealistic Obamabot youths, it's time to pay up.
Suckers!
Posted at 09:53 by Chris Wysocki
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