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Compromise: House GOP Offers Student Loan Extension

WCTaqiyya Wrote: Apr 25, 2012 7:54 PM
The republican leadership should figure out how to plant their noses firmly between Obama's cheeks from their homes, so we can just turn off all the lights in Congress. Boehner, McConnell and Kantor are to Obama what fluffers are to porn actors. Is stop spending money we don't have so difficult to understand? Really?

Call it a win for President Obama, or a win for bipartisanship, or a win for students. However you see it, the House Republicans have offered a solution to the student loan interest rate hike that loomed in July. The bill, which the House will vote on this Friday, will keep the rates from doubling 3.4% to 6.8%. Essentially, the biggest difference in the GOP proposal from the Democratic one stems from where the money comes from, with the GOP attempting to avert a tax increase. 

The House legislation would cost roughly $6 billion and would be...