The first day in July marks a doubling of the interest rate
students have to pay on their tuition loans. It happened
because MIch McConnell, the Republican Senate Minority
leader held up his will-not-allow-a-vote card.
That’s the same Mitch McConnell who successfully fought any
reduction in the 2.4 billion dollars given as subsidies to 5 very
successful oil companies in 2012. It would not take any
special insight to forecast that thousands of additional college
students will join the list of people unable to payoff their
student loans.
If we were looking for an outrages example of the rich getting
richer at the expense the middle class, the above should do
nicely. It also suggests that education is not a matter of great
concern to many members of the Senate.
Jerry Greenspan
