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U.S. Congressman John Boehner
House Will Vote to
Extend Student Loan Rates, Cut ObamaCare Slush Fund
WASHINGTON, D.C. – Congressman John Boehner (R-West Chester) 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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