Friday, April 27, 2012

Obama Vetos Student Loan Planhttp://www.cnn.com/2012/04/27/politics/house-student-loans/index.html

I believe that Obama has really great intentions for Woman regarding the issues of breast cancer and trying to get more funds for the health care program. But, i greatly disagree with the statement since it would be cutting down the funds for college students loans. Loans are already expensive as they are and they should be reduced or minimized. According to Obama this plan wouldn't really effect the students who are attending college and are receiving these loans since the loan rates and prices would remain the same. Even though they aren't raising up higher they aren't lowering down neither making this a problem that nothing is being done to help students who may need loans in school and the prices for them are too high. Obama states that people themselves wanted to get more funds for woman with breast and cervical cancer which in fact is a false statement according to" Boehner said Obama proposed budget called for reducing the same health care fund, which he labeled a "slush fund."
"You may have already forgotten that several months ago, you all voted to cut $4 billion out of this slush fund to pay for the payroll credit bill" that extended a payroll tax cut, Boehner continued, shouting, "So, to accuse us of wanting to gut women's health is absolutely not true."
Many people may say that this is a great thing that Obama is trying to do for woman but, you also have to put into consideration that a lot of money is being put into this problem and all other problems are being ignored all together thinking that by solving one problem all problems will be solved.
According to Pelosi he said that "House Republicans were forced by Obama publicizing of the issue to reverse their previous opposition to keeping the interest rates on federal student loans at the current 3.4% instead of letting them double to 6.8% on July 1." This is a very unfair rate for loans they are definitely not steady in any way and are in fact just a way to take advantage of all the students who attend college and may have student loans.

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