fund health care that way at all. meanwhile, speaker john boehner announced late this afternoon that the house will vote friday on a bill to extend low interest rates for student loans, paid for by gutting health care. we will pay for this by taking money from one of the slush funds in the president s health care law. you know, this the week, the president s traveling the country on the taxpayers dime, campaigning and trying to invent a fight where there isn t one and never has been one on this issue of student loans. let s bring in congressman george miller of california, the ranking member of the house education in the workforce committee. george, great to have you with us tonight. i have to ask you about what roy blunt said. was this a pay-for to raise the student rates to help pay for the health care bill? take us down that road? roy blunt has it backwards. we lowered the interest rates in 2007, when we were paying them as middle men to loan them money. we said, let s get ri
campaigning and trying to invent a fight where there isn t one and never has been one on this issue of student loans. let s bring in congressman george miller of california, the ranking member of the house education in the workforce committee. george, great to have you with us tonight. i have to ask you about what roy blunt said. was this a pay-for to raise the student rates to help pay for the health care bill? take us down that road? roy blunt has it backwards. we lowered the interest rates in 2007, when we were paying them as middle men to loan them money. we said, let s get rid of the middle men and give the money to students and families. we did that on a very large bipartisan vote back in 2007, and that became the law. we did it for four years, because that s all that we could afford with that pay-for sop roy blunt has it all backwards. he has the health care bill mixed up with what happened
and never has been one on this issue of student loans. let s bring in congressman george miller of california, the ranking member of the house education in the workforce committee. george, great to have you with us tonight. i have to ask you about what roy blunt said. was this a pay-for to raise the student rates to help pay for the health care bill? take us down that road? roy blunt has it backwards. we lowered the interest rates in 2007, when we were paying them as middle men to loan them money. we said, let s get rid of the middle men and give the money to students and families. we did that on a very large bipartisan vote back in 2007, and that became the law. we did it for four years, because that s all that we could afford with that pay-for sop roy blunt has it all backwards. he has the health care bill mixed up with what happened several years before in the bush administration. well, this is what the
give people jobs. you understand? it s a ripoff. any way, last week we talked to kentucky congressman joe courtney who has legislation to stop the summer spike in student rates. he expressed his concerns today, but acknowledged there s a bigger issue which is that the overall system is not driving towards that movement to solve our problems. instead it s busted. we can t just keep on at the federal level subsidizining skyrocketing tuition. tuition is going up faster than inflation, sooner or later, we re going to run out of money. we want to spend money on something that has value. money is not the issue. it s money with no value that s the issue. our next guest gained notoriety when she took bank of america on. $5 debt fees. she s now turning her attention to the student loan debt issue. molly graduated with $10,000 in
Detailed text transcripts for TV channel - FOXNEWS - 20120425:20:50:30 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.