Speaker Boehner: House Will Vote to Extend Student Loan Rates, Cut ObamaCare Slush Fund
House Speaker John Boehner (R-OH) today announced the House will vote this Friday to extend the current interest rates on federal student loans, paid for by eliminating a slush fund in the president’s health care law – the law that is one of the reasons American small businesses today are not hiring more recent college graduates:
“You know, back in 2007 a Democrat-controlled Congress put in place a law that would double student loan interest rates this year. And Republicans and Democrats on both sides of the aisle here on the Capitol have long agreed this was a problem that must be addressed. Right now, the president’s economic policies are leaving recent college graduates – 50 percent of whom are either unemployed or underemployed.
“Today I’m pleased to announce that on Friday the House will vote on a bill to extend the current interest rate on federal student loans for one year. We will pay for this by taking money from one of the slush funds in the president’s health care law.
“You know, this week the president’s traveling the country on the taxpayers’ dime, campaigning and trying to invent a fight where there isn’t one, and never has been one on this issue of student loans. We can and will fix the problem without a bunch of campaign-style theatrics.
“Listen, the rising cost of tuition is a serious one for students. I know this issue well. It took me seven years to work my way through college, working every job I could get my hands on. And what Washington shouldn’t be doing is exploiting the challenges that young Americans face for political gain. And it shouldn’t be sticking small businesses with a health care law that’s…making it more difficult for them to hire workers. Let’s fix the problems for young Americans, and leave the campaign theatrics for the fall.”
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