How low can they go?: Repug slimebuckets at it again....
House Passes Student Loan Bill That Would Cut Funds From Health Care
The Republican-controlled House of Representatives passed a student loan bill today that would keep interest rates as they currently are while cutting money from the Affordable Care Act. President Obama, though, has vowed to veto the bill due to the provisions concerning the health care bill.
The bill would keep federally subsidized student loan interest rates at 3.4 percent. If a bill to keep student loan rates at 3.4 percent is not passed and signed by Obama, rates would jump up to 6.8 percent July 1.
The looming July 1 deadline, combined with Obama’s campaigning on the issue, has focused attention this week towards the issue of student loans. ...................(more)