Obama Threatens To Veto Student Loan Act That Cuts Health Care Fund

What a Hobson's choice. It's not easy being president, especially when the so-called "loyal opposition" so consistently holds the poor and powerless hostage. Sometimes I wonder how they got so screwed up that they put power and greed ahead of other

What a Hobson's choice. It's not easy being president, especially when the so-called "loyal opposition" so consistently holds the poor and powerless hostage. Sometimes I wonder how they got so screwed up that they put power and greed ahead of other human beings, because this is just plain amoral:

President Barack Obama threatened on Friday to veto a House Republican bill that would keep government-backed student loan interest rates at their current level because of a poison-pill amendment, even though his veto would play directly into an obvious trap laid by Republican political strategist Karl Rove.

President Obama has said repeatedly that student loan rates must not go up — which they will on July 1 without Congressional action — and the Interest Rate Reduction Act would indeed accomplish those ends. However, it would do so by eliminating the Prevention and Public Health Fund, a key part of Obama’s health care reforms.

“This is a politically-motivated proposal and not the serious response that the problem facing America’s college students deserves,” the administration said Friday in a policy statement (PDF), threatening a veto the bill if it lands on Obama’s desk.

The bill passed the Republican-controlled House of Representatives on Friday afternoon by a margin of 215-195, with votes falling mostly along party lines.

That veto could be issued at hazard to the president, who’s facing a political Catch-22 thanks to a new strategy hatched by former Bush political adviser Karl Rove. Rove’s political action committee, American Crossroads, has a new ad out this week that makes a pitch for the youth vote by condemning Obama as a “cool” president who’s somehow causing students to struggle.

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