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News: NEW CHILD BOARD CREATED IN THE POLITICAL SECTION FOR THE 2016 ELECTION
 
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Author Topic: No More Credit For Congress & President!!!  (Read 474 times)
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WhiskeyGirl
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« on: July 24, 2013, 08:53:00 PM »

Quote
Liberal Democratic senators expressed firm opposition to the bipartisan student loan deal in its current form, which gained President Obama’s official support Tuesday.

“Did students put two wars on a credit card, Mr. President?” asked California Democratic Sen. Barbara Boxer on the Senate floor Wednesday. “Is that why they have to be punished here?”

The bipartisan loan deal would index interest rates on Stafford student loans to the financial markets, reducing the rate on undergraduate loans from 6.8 percent to 3.86 percent, although it could increase in subsequent years. The bill would also place an absolute cap on interest rates, keeping them lower than 8.5 percent for undergraduates and 8.25 percent for graduates.



Read more: http://dailycaller.com/2013/07/24/senate-liberals-oppose-student-loan-compromise/#ixzz2a0wmnNws

Did Main Street put $20 Trillion on a credit card?  $100 TRILLION in unfunded liabilities?

Why does DC keep racking up the national credit card?

Credit on steroids and automatic increases..

What is wrong in this country?
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