ProudlyProgressive

Progressive Political Discussion

Posts Tagged ‘student debt’

Student Debt Debacle

Posted by ProudlyProgressive on May 1, 2012

According to the new DailyKos/SEIU poll a majority of Americans and more importantly a majority of Independents believe President Obama will do more than Romney to keep interest rates low on student loans. See the poll results here.  Naturally, I agree with the poll, but am increasingly frustrated with the conversation swirling around student loan debt.  The real problem is the skyrocketing costs of higher education and the media and political focus on 3.4% differential in interest rates is a distraction from the real problem! Historically low levels of taxation of the 1% and businesses is precisely why there is no money to invest in higher education, not to mention public safety or the social safety net.  Americans need to stop being distracted by the effects of the problem and get to the heart of the problem….skyrocketing costs of higher education.

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