Wednesday, April 25, 2012

One More Unsolvable Problem.

Well here we go again. Pres. George W Bush reduced the interest on student loans by half. That was a really good thing to do, but it's set to expire in July of this year. That means interest rates on student loans will return to 6.8%. So Pres. Obama started a push to extend the lower rates. Mitt Romney has agreed it's a good idea. Wait a minute? Both candidates for president agree that student loans should be as affordable as possible? There must be a mistake here. Go back and ask them both again. No, wait, they might both decide to vote the other way. Okay, lets just assume they actually do agree. So what's next? We need both houses of congress to agree also. See? I knew there was a catch here somewhere. We know Obama is looking for an issue. We know Senate Democrats are too. We know House Republicans would rather give an additional tax cut or at the very least, reduce the deficit and debt. And we know that Mr Romney doesn't get to vote either way, so it's easy to say anything he wants. That's the one advantage a challenger has over the incumbent in politics. The challenger can claim almost anything because he or she doesn't have to back it up unless he or she gets elected. But once elected, all is lost and forgotten. But what about when neither is the incumbent, what then? Then anything goes and usually does. The first to go is the truth. The next thing to go is reality. For instance, House Republicans claim that we can't afford to pile more debt on taxpayer by keeping interest rates on student loans low. But we can afford to raise debt by giving more tax breaks. Huh? Doesn't more tax breaks equate to higher debt which equates to even higher debt? Or do we keep borrowing to cover the additional debt? Which then adds more debt. Both to the country and to the future taxpayers who are now students who are getting dumped on with higher educational debts to go along with higher national debts. If you ask me, we're going about this whole thing the wrong way. If we really do need a better educated workforce for the future, shouldn't we take a chance and support these future workforce members. That way they can get jobs in high tech, high pay industries, so they can pay down the debt and deficit? Or we can just add more debt until we have borrowed all the money. But what then? If we're going to borrow, and that seems cast in bronze, then lets at least make the increased debt be about improving our chances to compete. Whatta ya think?

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