Saturday, November 19, 2005

In Debt Forever

Congress is moving to eliminate the cap on student loan interest rates.

Someone once commented that the Republicans won control of Congress and they ought to do something with their power.

Given the decline of manufacturing, a college education is often the only way to get ahead in the "new economy". It strikes me that it would help if Republicans didn't saddle the millions trying to get a piece of the growing economy President Bush loves to rave about.

Compound interest is wonderful for investment, but it is a killer for debt. Perhaps the Republican leadership would see fit not to saddle the American people with debt for the rest of their lives. Education is an investment, not a luxury.

If the Republicans can cut their well-heeled supporters a tax break, perhaps they could see their way to providing a way for the rest of us to reach that point.

- Murphy

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