Read time: 1 minute

Bush Plans To Leave More Students Behind

Er...that probably doesn't read the way it was intended... Reuters: The White House on Tuesday threatened to veto a bill backed by U.S. House of Rep

Er...that probably doesn't read the way it was intended...

Reuters:

The White House on Tuesday threatened to veto a bill backed by U.S. House of Representatives Democrats that would slash subsidies paid to college student-loan companies such as Sallie Mae, Citigroup and Bank of America.

Expected to come up for a House floor vote on Wednesday, the House bill and a similar measure in the Senate have been attacked by the $85 billion student-loan industry, but championed by industry critics, including some student groups.

If adopted into law, the bill would likely squeeze large lenders' profits and chase smaller ones from the sector, industry analysts have predicted.

The White House said late on Tuesday that if the House bill went to President George W. Bush "in its current form, his senior advisors would recommend that he veto the bill."[..]

Rep. George Miller, chief sponsor of the measure, said in response: "It's unfortunate that the president would let a veto stand between millions of students and the college financial aid they so urgently need."

It's not so surprising that Bush would choose corporate interests over individual, financially-challenged citizens, especially over something like education, since a dumbed-down populace is a compliant one. But it always strikes me funny at what Bush chooses to employ his rarely-used veto power. In fact, The Gavel has been keeping a list that you might find illuminatingl

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $21 for 2021? Please consider a one-time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team