Wednesday, June 6, 2012

Jesse Kelly: Let Students Loan Rates Increase Now, Deal With Them Later

Posted By on Wed, Jun 6, 2012 at 12:00 PM

Republican Jesse Kelly, who is facing Democrat Ron Barber in next week's special election to finish the congressional term of Gabby Giffords, talked with Chuck Todd of NBC News today. The Barber campaign pounces on some of Kelly's statements:

This morning on national television, Jesse Kelly continued his assault on middle class families. When asked by the Daily Rundown’s Chuck Todd if he would urge Congress to act this summer to prevent student loan interest rates from doubling, Kelly said it would be fine to “deal with that retroactively.” Student loan rates are set to double from 3.4 percent to 6.8 percent if Congress does not act before July 1st.

“Middle class families can’t afford to have their concerns dealt with ‘retroactively,’ they need solutions now,” said Jessica Schultz of the Barber campaign. “Unfortunately, Jesse Kelly’s willingness to allow student loan rates to double is just one more example of how out of touch he is with this district; from wanting to see the corporate tax rate lowered to zero to calling for the elimination of the minimum wage—Jesse Kelly is happy to abandon working families in favor of the rich.”

Additionally, during the interview, Kelly confirmed that he wants to phase out Social Security and Medicare by privatizing the programs for future generations.

Background on students loans here. More background on the June 12 CD8 election here.

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