Both the Dems and the GOP say they want to extend low interest rates on student loans, that is, they want to keep in force the current federal loan rate of 3.4%. That's a very attractive rate, much lower than the private market loan rate.
But bullheaded partisanship is getting in the way, what a surprise. The Republicans in the House want to "pay for" the low rate extension (that is, make up for the federal revenue we won't get from higher student loan rates) by using money allocated for preventive health care in the Affordable Care Act, and the Democrats aren't buying it. The Democrats in the Senate want to "pay for" it by eliminating current business tax loopholes, and the Republicans aren't buying it.
Same old story.
Doggone it, it's time for Congress to start doing what's right for America. Think about the big picture: suppose neither party gets control of both the House and Senate for the next 20 years.....are we going to have this political dance of death on everything forever? We have to accept the necessity of sensible political compromise…………if the right and the left and the Dems and the GOP decide they're going to hold out for everything they want, then America and Americans will get nothing but chaos and despair.
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