The interest rates on Stafford Student loans is set to double from 3.4% to 6.8% on July 1st if congress does not act before then. Both the Senate and House versions of a bill to cap the rates were voted down just before the Memorial Day break. It’s looking unlikely that a bill may pass before the deadline.
Democrats wish to pay for the bill by closing a tax loophole for wealthy Americans. Republicans want to pay for the bill by repealing a section of the Affordable Care Act.
I believe the reality is that while Congressional Republicans feel they need to pay lip service to keeping student loan rates low for political reasons, the truth is that they hope the deadline passes and rates double. The reason why is obvious.
Studies by the Pew Research Center, the Intercollegiate Studies Institute, and about a million independent social psychologists all indicate a strong correlation between higher education and liberal ideology. By making it harder for people to get a college education or an advanced degree they hope to slowly make America less educated, therefore more Republican.
As an example I offer “Mr. Frothy” himself; Rick Santorum. Ricky accused President Obama of being a “snob” because he wants “everybody in American to go to college.” This is a curious statement considering Santorum actually has more advanced degrees than Obama does. Santorum went on to imply to a crowd in Troy, Michigan that college professors try to “indoctrinate” students. Obviously Santorum has had enough education to see a correlation between higher education and liberal thinking (obviously in people other than himself) and sees it as a danger to his extreme right wing agenda. My son, who happens to be a college professor, does not indoctrinate students. He simply explains that he will be unable to pass them if they are not Democrats.
I don’t think everyone in America should go to college, but I would hope that higher education would be an aspiration for most young Americans and I do think it should be as assessable as possible. An educated America is a more innovative and prosperous America. Isn’t that part of the American dream?
Besides, I’m a unapologetic liberal and I want to see the Republican Party crushed like the un-educated cockroaches they are. Opps….did I just say that out-loud?
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