Monday, October 01, 2012
Romney on law school loans
I don't think he's said anything since the primaries. But the debates are coming up. And
student loans are not such a good issue for him. President Obama has
pushed legislation and signed executive orders to make loans cheaper,
and Romney's response: "Borrow money from your parents." Not sure either
the parents or the kids loved that suggestion.
So what's a losing presidential candidate to do? One possibility is to stop saying "no" to student loans and start saying "yes, but."
Obama attacks Romney on the issue, here's a
possible response: "I support making loans available to young people trying to go to
college, working hard to make a better life for themselves and their
families. But you can't go spending taxpayer money willy-nilly.
President Obama and his Dep't of Education apparently think we need more
lawyers in this country. So his Administration has been falling all
over themselves to give out money to people who want to be lawyers, and
guess what -- you don't even have to pay it back. Now I understand
President Obama used to be a constitutional law professor, and has a lot of trial lawyers supporting
his campaign. But he has no
experience running a business or creating jobs.
You can't keep spending money and running up the deficit like there's no tomorrow. If you're going to invest money in young people, invest it in engineers, in scientists, in entrepreneurs. People who create jobs. Not more lawyers who destroy jobs. If I'm President, that's going to change."
Now I would hope that Obama would respond in part with a defense of the role of lawyers in our society, in doing things like getting justice for victims of corporate misconduct and helping businesses grow and create jobs. But at least this might put Romney on stronger ground.
Posted by Jason Solomon on October 1, 2012 at 11:49 AM | Permalink
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This seems less than accurate in at least two respects. President Obama signed a bill abolishing subsidized graduate student loans, which makes student loan debt several thousand dollars more expensive off the top. And President Obama did not "lower" the rate of loans, but rather signed legislation that would have preserved the old, low rates of loans.
Posted by: anon | Oct 1, 2012 1:30:43 PM
Anything that ignores reining-in the cost of college is a non-solution.
So they're both equally wrong.
Posted by: Joel | Oct 1, 2012 2:46:09 PM
Obama certainly helped me in my public service career by reducing my payment to below exit-velocity, thus permitting my law school to assist me less while my debt remains at the same exact numerical levels until in ten years it somehow magically disappears. It's the opposite of the golden handcuffs.
Posted by: AndyK | Oct 1, 2012 3:35:03 PM
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