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Congress Wrongheadedly Revisiting Student Loan Debate

Marc_H Wrote: Jun 13, 2012 10:00 AM
end all unconstitutional programs now
The media placed it on the backburner after President Obama decided that he wasn't getting much campaign-trail traction, but the student loan interest rate issue is back. Democrats want to spend $6 billion per year subsidizing the debt that college graduates have amassed.

Rep. George Miller (D., Calif.), ranking Democrat on the House Committee on Education and the Workforce, said Friday that he considered the Reid proposal a “serious” effort at compromise that made it more likely the stalemate would be broken before July 1, when student-loan interest rates are scheduled to double to 6.8% if Congress...