Rep. Eric Cantor (R-VA) has been a bit of a pain in the arse lately. He has acted as one of the chief spokemen for the GOP in the debt ceiling talks and rumor has it that Rep. Bonher is less than happy with him. Cantor’s main problem seems to be combating that old problem of just looking mean. According to the Daily Beast:
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.
President Obama responded:
“I’m not going to do that,” Obama said. “I’m not going to take money from old people and screw students,” not without some compromise on the tax-increase side.
And screwing students is exactly what that move would be. How can a student pay interest when he or she is still in school and in all probability does not have a job? Where is the common sense here? Does Cantor just speak to hear himself talk? There are some very realistic cuts that can be made in the economy. Student loans aren’t the place to start curbing the deficit. Do these people really believe half that comes out of their mouth?