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Obama pushes for low-interest student loans, derides remarks by Virginia Foxx

President Barack Obama used Tuesday’s visit to UNC-Chapel Hill to press Congress to extend a five-year-old law that cuts interest rates on subsidized Stafford loans for low-and-middle-income college students.

Obama told a packed Carmichael Auditorium that college must remain affordable for students for the next generation to prosper.

According to the Obama Administration, if Congress doesn’t act, interest rates on the Stafford loans will double on July 1st for more than seven million students. The average student affected by these changes will rack up an additional $1,000 in debt over the life of their loan.

The President also had a little fun at the expense of 5th-district Republican Rep. Virginia Foxx, in which he quoted from her recent interview on G. Gordon Liddy’s Radio Show. During that interview, Foxx said she had “little tolerance” for those who complain today about their level of college debt.

Click below to listen to that excerpt of the President’s remarks, followed by Rep. Foxx’s exact words from the Liddy Radio Show.  You can watch the President’s full speech here.

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8 Comments

  1. Jack

    April 24, 2012 at 6:22 pm

    This is a brain. (Photo of a brain.)

    This is a mouth. (Photo of a mouth.)

    This is what it sounds like when the two are not connected. “I have very little tolerance for people . . . “

  2. Frances Jenkins

    April 24, 2012 at 6:36 pm

    I just have to know was David Parker in attendance? Did Jay attend and did Barrack mention Jay’s girl friend has aids and the DNC offered to pay her insurance if she would not talk? Debbie is so on target with the war on woman.

  3. Andrew

    April 24, 2012 at 8:02 pm

    I think Obama should have discussed the $6.2 Trillion debt he is laying on these students from just one term in office. I wonder if they even realize it ?

  4. david esmay

    April 25, 2012 at 12:47 pm

    They do realize the economic disaster of the Bush administration 10+ trillion in debt he left. Debt and deficits weren’t an issue to teapublicans when he was in office, after all wasn’t it draft dodger dick cheney who said, ” debts don’t matter”?

  5. david esmay

    April 25, 2012 at 12:51 pm

    Frances, I’m sure your heart”s all a flutter with the promise of scandal, save it for the beauty parlor gossip.

  6. david esmay

    April 25, 2012 at 3:54 pm

    Virginia Foxx on G. Gordon Liddy’s show, two right-wing nuts make a wrong. G. Gordon Liddy, really?

  7. Frank Burns

    April 25, 2012 at 4:09 pm

    Shhh Frances, everybody is keeping that stuff under wraps. Also please don’t bring up Gwen Wilkins, first vice chair who is facing misdemeaner charges for bouncing checks. This wouldn’t look too good for Obama and the Democratic Convention to be held in Charlotte.

  8. Andrew

    April 26, 2012 at 9:16 am

    As usual david is challenged by the numbers. Obama will create more debt in one term than Bush did in two terms – actually more than all presidents from Washington to Clinton. Not a very enviable record !