“Behind The Eight Ball”: John Boehner Flat Out Lies On Student Loans
Setting the groundwork for the GOP congressional capitulation to President Obama’s insistence that interest rates not be raised on college loans, Speaker John Boehner announced today that the House will vote to keep the rates at the current level and will pay for it from a ‘slush fund’ in the Affordable Care Act.
In making his announcement, Boehner claimed there was never any intent on the GOP’s part to raise the rates on student loans and that President Obama had simply manufactured this disagreement to score political points with young voters and their families.
I wonder, then, how the Speaker would explains the provision in the Ryan Budget—passed last month by all the Republicans in the House but ten—that doubles the student loan rate to 6.8 percent on July 1, 2012?
And that Obamacare ‘slush fund’ the Speaker intends to raid to pay for holding the line on the student loans?
It turns out, the fund in jeopardy was created in the Affordable Care Act to screen women for breast and cervical cancer in addition to providing funds for the treatment of children with birth defects.
This, apparently, is Speaker Boehner’s idea of a slush fund.
While it was clear from the start that Congressional Republicans had handed the president a political gold mine by opposing the freeze on student loan interest rates, it is not only Speaker Boehner’s troops that find themselves behind the political eight ball. Presumptive GOP nominee Mitt Romney, after managing to work out that supporting the hike was a serious political loser, came out in support of the President’s position earlier this week. By doing so, Romney has now put himself in opposition with the Ryan budget for which he has previously offered up his strong and complete support.
BY: Rick Ungar, Contributor, Forbes, April 25, 2012