In a push to younger voters, President Barack Obama is touring college campuses this week to discuss the problems of student loan debt. But Senate Minority Leader Mitch McConnell is blaming the president for the poor job market that college graduates enter.
Interest rates for subsidized Stafford Loans are set to double this summer, going from 3.4 percent to 6.8 percent. The White House projects more than 7.5 million students will face steeper debt if lawmakers don't act to freeze the interest rate. Mr. Obama says that should be a higher priority than protecting tax breaks for wealthy Americans.
But in a Senate floor speech, McConnell says the president is too busy pointing fingers and not taking responsibility for the poor economy that students face. "It’s the millionaires. It’s the banks. It’s big oil. It’s the weather. It’s Fox News. It’s anything but him. And it’s absurd. I mean, if you believe that a president who got everything he wanted for two years—two whole years—has nothing to do with the problems we face, then I’ve got a solar panel company to sell you," he says.
