I rise today with some sense of sadness, and probably quite a bit of outrage. The administration, in its zeal to protect the President's direct student loan program and hide their failure to really do anything about balancing the budget, has been using scare tactics to frighten and mislead the American people in order to, I suppose, to strap them from the need to balance the budget. To do this, the administration has pulled out all stops. It has used Presidential public relation mechanisms at the taxpayers' expense to spread misinformation about our plans to balance the budget in 7 years. Even the President has gone on the road with many of these misinterpretations of what it is we plan to do to balance the budget. So in an effort to set the record straight, I have sent a letter to the President asking that he publicly apologize to the America people for his scare tactics, and urging that he use all the methods at his disposal to set the records straight and level with the America people about what we are and are not going to do. Mr. Speaker, I want to set the record straight at this time. Republicans are preserving, I repeat, preserving the in-school interest subsidy for undergraduate and graduate students, even though its elimination was recommended by the President's Budget Director, Alice Rivlin, in her suggestions as to how to balance the budget.
Editor's note · Context
Addressing the administration's use of scare tactics regarding student loan programs and budget balancing.
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