Obama to Veto GOP Student Loan Fix?
Looky here, folks. According to CNN, Pelosi says Obama would veto the Republican student loan plan. Sorta tells you how important it is to him. What is the Republican student loan plan? Well, I’ll tell you what it is. The Republican student loan plan is a piece of legislation that would prevent the interest rate from doubling. The student loan interest rate is supposed to go up, supposed to double in July. So John Boehner and the House Republicans have proposed legislation to prevent that from happening. CNN is reporting that Nancy Pelosi says 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 the Republicans tried to stop it. Pelosi is attacking the Republican bill. This is what they’re saying. Because this is paygo. “Okay, how we gonna pay for this? The student loan interest rate.” The government runs it now. The higher interest rate goes the more the government gets. So if you’re not gonna have the student loan rate doubled, then the government says, “Uh-oh, we’re losing money here.” So Boehner and the boys, to make up the loss, take $5.8 billion from Obamacare, and Pelosi is attacking Boehner’s bill because it uses that $5.8 billion from Obamacare’s preventative health program. She’s calling it an attack on the health of American women. Apparently only American women benefit from preventative health care.