Long-term solution stops recurring political gain

info@islandpacket.comJune 7, 2013 

Democrats are devious. Last year, college loans were due to double from 3.4 percent to 6.8 percent. Democrats negotiated an agreement to stop the rise. Republicans forced a compromised so that the rate would be in effect for only one year.

Now the Democrats are at it again. The interest rate for federal college loans is due to double again this summer. President Barack Obama and the Democrats are working for sympathy from Americans who borrowed money for college expenses. Many of these students would save thousands of dollars.

Perhaps it's time to negotiate a long-term agreement. Then Democrats won't reappear yearly looking like the champion for common folk.

Jim Riggs

Hilton Head Island

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