House takes a swing at healthcare law and extends student loan rates"Member of the of Congress took the high road on Friday to extends the low interest rates on subsidized student loans for another year but pays for that extension by killing a piece of the 2010 healthcare law, which prompted a veto threat from President Obama before the vote. Congress approved the Interest Rate Reduction Act in a 215-195 vote, this is one of the few time that a bill pass the House without truly getting a majority vote.
Although many Republicans came under fire by some conservative groups who believes that the government should stay out of the student loan business allowing it to be controlled by private industries, those Republicans and Democrats who voted for the bill had to put more emphasis on the interest of student instead of the status quot who they usually put ahead of everything. I think they did the right thing for millions of students across this great nation who will be owing twice as much in students loans than students in previous decade