Republican Budget Chair Paul Ryan's budget plan -- approved by almost every House Republican and enthusiastically endorsed by Mitt Romney -- allows rates on student loans to double on July 1 -- from 3.4 percent to 6.8 percent. That will add an average of $1,000 a year to student debt loads, which already exceed credit-card debt.
House Republicans say America can't afford the $6 billion a year it would require to keep student loan rates down to where they are now. But that same Republican plan gives wealthy Americans trillions of dollars in tax cuts over the next decade. (Under mounting political pressure, House Republicans have come up with just enough money to keep the loan program going for another year -- safely past Election Day -- by raiding a fund established for preventive care in the new health-care act.)
Here again, Romney is trying to tiptoe away from the GOP position. He now says he supports keeping student loans where they were. Yet only a few months ago he argued that subsidized student loans were bad because they encouraged colleges to raise their tuition.
How can a political party be so dumb as to piss off Hispanics, women, and young people? Because the core of its base is middle-aged white men -- and it doesn't seem to know how to satisfy its base without at the same time turning off everyone who's not white, male, and middle-aged.
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