Let Student loan rates double

Several years ago, as part of the stimulus package, Congress and the President agreed to cut student loan interest in half – temporarily. Like so many other temporary cuts, there is tremendous pressure to continue them. Take the Bush Tax cuts and the Social Security tax cut. Congress need to buck up and let all of these tax cut expire – on everyone. We have a tremendous budget deficit and debt. We are absolutely cheating our children and grandchildren. We must actually reduce our deficits – through a combination of significant spending cuts and letting the various tax cuts expire and by closing special interest loopholes in the tax code.

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