Republicans are here today voting soon to elevate the student loan repayment rate from 3.4% to the previous high of 6.8% in congress.
The issue is that we have too much national debt and that it would help balance the budget.
There is no provision for increasing the tax rate among the highly paid and rich citizens vice versa.
What this sets up is a system by which we are paying for "spilled gold".
The gold that is used to keep our students becoming the more affluent Americans by means of education is gold that is best used to keep our nation at an advantage by improving the social and intellectual level of our society.
Those who have high paying jobs are already at the level mostly of those who are educated or have had all the advantages given to them.
In turn, there is less of a constrain on the need for a man or woman to pursue an education today in light of the high interest rate that most all need to pay for that education. Though I suspect it will be unlikely, this might marginally effect the idea of whether some people pursue an education that is likely to set one back not only his loan payment but $4000 to even more than $10,000 in lifetime interest payments.
In effect, we are paying for spilled gold that is spilled from the coffers of the rich to help the poor pay their own way to a coffer of their own.
If you want to improve society, let the young become educated so that many can pursue their own employment and improvement of their own coffers so that thus there is a light at the end of the tunnel and that all who are called to claim a role in society can do so at the least limited experience of their own pocket.
The uber rich today seem to want to put the payment of our debts off on the hands of the less endowed and the less involved member of society.
And that in effect a horrorshow of the GOP.
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