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<\/p>\nRUSH: Looky here, folks. According to CNN, Pelosi says Obama would veto the Republican student loan plan. Sorta tells you how important it is to him. What is the Republican student loan plan? Well, I\u2019ll tell you what it is. The Republican student loan plan is a piece of legislation that would prevent the interest rate from doubling. The student loan interest rate is supposed to go up, supposed to double in July. So John Boehner and the House Republicans have proposed legislation to prevent that from happening. CNN is reporting that Nancy Pelosi says Obama would veto that. Why? <\/p>\n
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This is so brazen and blatant. He wants the issue. He\u2019s gonna veto this so that student loan rates will go up so that he can blame Republicans for it. He is counting on the fact that the media will not significantly report the Republicans tried to stop it. Pelosi is attacking the Republican bill. This is what they\u2019re saying. Because this is paygo. “Okay, how we gonna pay for this? The student loan interest rate.” The government runs it now. The higher interest rate goes the more the government gets. So if you\u2019re not gonna have the student loan rate doubled, then the government says, “Uh-oh, we\u2019re losing money here.” So Boehner and the boys, to make up the loss, take $5.8 billion from Obamacare, and Pelosi is attacking Boehner\u2019s bill because it uses that $5.8 billion from Obamacare\u2019s preventative health program. She\u2019s calling it an attack on the health of American women. Apparently only American women benefit from preventative health care. <\/p>\n
Now, never mind that Democrats voted earlier this year to take money from the preventative health fund to help pay to keep doctors\u2019 Medicare reimbursements from dropping. And never mind that Obama\u2019s own budget proposed cutting $4 billion from the same fund to pay for some of the other stuff they wanted. The GOP has always been against the interest rate on student loans going up. They just want to pay for it. Again, folks, just so everybody\u2019s clear, the student loan interest rate is scheduled to double because of legislation the Democrats wrote in 2007. And since the government runs the student loan program, all the interest payments go to the government now, not private sector banks. <\/p>\n
So, if the student loan interest rate\u2019s scheduled to double, then the government\u2019s telling itself it\u2019s gonna have that much more money coming in as people pay off their loans and pay the new interest rate. So the Republicans come along and say, “We\u2019re gonna make sure the interest rate doesn\u2019t go up.” Well, that means the government\u2019s gonna lose all that money. Oh, no, government can\u2019t do with a penny less than it has ever spent. That\u2019s right. It\u2019s different when Obama does it. Obama can spend all kinds of money he wants, doesn\u2019t have to be paid for. The Republicans have to pay for what they do. So the government is not gonna do without the money that\u2019s supposed to be flowing in and the interest rate doubling. So Boehner\u2019s gonna go get it, and there\u2019s plenty of it, by the way, from Obamacare. It\u2019s got so much wasteful spending in it, it\u2019s obscene, and Pelosi, (imitating Pelosi) “Oh, no, we\u2019re not supporting that. You\u2019re not gonna take money from Obamacare. Why, that\u2019s gonna hurt women.” <\/p>\n
This is breaking news the way the AP is reporting this. “House ignores veto threat, OKs bill keeping federal student loan interest rates from doubling.” The bill passed 215 to 195, which means some Democrats voted with the Republicans. I\u2019m assuming so, I\u2019m assuming it\u2019s bipartisan. In 2007 — it\u2019s important to remember this so you can tell all your friends — in 2007 the Democrat controlled Congress could have made this interest rate permanent. Nobody coulda stopped them. They had a veto-proof majority. The Democrats are playing a political game. 2012 is an election year. The student loan interest rate is doubling in July of an election year so they can blame Republicans. <\/p>\n
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They wrote that into the law. They could have kept it permanent. So the Republicans want to lower the student loan interest rate, quote, unquote, pay for it by grabbing $5 billion from Obamacare. Pelosi says, “Nope, nope, not gonna do that,” and Obama\u2019s threatening to veto it now. I think Republicans next ought to go after Obama\u2019s $8 billion slush fund, which he implemented that to keep from gutting Medicare Advantage before his election. I\u2019d take the gloves off. You know, I\u2019d just go for everything now. <\/p>\n
But all you need to know is Obama\u2019s out campaigning to every college student audience he can find, trying to scare the heck out of them that their student loan interest rate\u2019s gonna double in July because of the Republicans. The Republicans have just voted to prevent it from doubling, and Obama\u2019s promising to veto it. So that\u2019s that. <\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: Looky here, folks. According to CNN, Pelosi says Obama would veto the Republican student loan plan. Sorta tells you how important it is to him. What is the Republican student loan plan? Well, I\u2019ll tell you what it is. The Republican student loan plan is a piece of legislation that would prevent the interest […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n