It’s as if Republican House Whip Eric Cantor wants to be a cartoon villain:
…as the Daily Beast’s Howard Kurtz reports, one group that Cantor is apparently fine with making pay more is American college students. Cantor, at the White House for budget negotiations, apparently proposed that students who take out student loans should immediately start paying interest, rather than getting to make payments after graduation:
As Monday’s White House budget talks got down to the nitty-gritty, Eric Cantor proposed a series of spending cuts, one of them aimed squarely at college students. The House majority leader, who did most of the talking for the Republican side, said those taking out student loans should start paying interest right away, rather than being able to defer payments until after graduation. It is a big-ticket item that would save $40 billion over 10 years.
According to Kurtz, Obama rejected Cantor’s proposal out of hand, saying that he didn’t want to “screw students.” Cantor’s proposal comes at a time when American students are already overwhelmed by student loan debt. In 2008, the average debt that a college student graduated with was a whopping $23,000.
Eric Cantor is reported to have chosen “I want what I want when I want it” for his graduation high school yearbook quote. He apparently hasn’t changed a bit. This is evil and stupid: if students have enough money to pay the interest, they should be using that (small) amount of money to lower the prinicipal of the loan (i.e., take out a smaller loan in the first place), not paying off interest on a larger loan.
We are ruled by sociopaths.