April 27, 2012
On the politics of government student loan interest rates…
The Republican student loan plan is a piece of legislation that would prevent the interest rate from doubling. [The] student loan interest rate’s supposed to go up – it’s supposed to double – on July 12th. So John Boehner and the House Republicans have proposed legislation to prevent that from happening… Nancy Pelosi says that Obama would veto that. Why? This is so brazen and blatant… He wants the issue. He’s gonna veto this so that student loan rates will go up so that he can blame Republicans for it. He is counting on the fact that the media will not significantly report that the Republicans tried to stop it.