“The last thing that struggling American families can afford is to see the rates for Stafford loans double, yet this is the reality that we are faced with starting today….(through) a standard for congressional leadership that highlights the disconnect many on Capitol Hill have from the American people…”
CHICAGO (July 1, 2013) — Lenny McAllister, upon the doubling of interest rates on new federally-subsidized Stafford loans starting Monday, issued the following statement:
“Far too often in these recent political times, we find that Congress has found the inability to garner the creative leadership and the legislative patriotism necessary to save America’s youth from chronic unemployment, mounting national debt, and diminishing educational pathways to procure the prosperity they deserve. Today, we as a nation have collectively failed them once again, placing another unnecessary burden upon their backs due to our inability to act within reasonable timeframes and create legislation that facilitates growth and success.
“The last thing that struggling American families can afford is to see the rates for Stafford loans double, yet this is the reality that we are faced with starting today. Both sides of the political aisle have again missed the bar, instead putting into place a standard for congressional leadership that highlights the disconnect many on Capitol Hill have from the American people, the everyday citizen that works hard and expects results from themselves and from their representative government.
“Like with the sequester, leadership has failed to satisfy the legislative needs of the people before a previously self-imposed deadline was met. As with the sequester, we cannot afford to keep this economically-inhibitive standard in place. We can only move past this point through a common sense approach that makes sure that American students can secure the education necessary. Through this, we empower our future with the resources necessary to allow the United States to remain the preeminent economic and technological power in the world throughout the remainder of this century.
“We need good, pliable, and smart legislation immediately. We need a bill that takes into consideration the diversity of economic needs, family backgrounds, and future employment opportunities that we find within today’s American student base.
“Any plan that seeks to make a profit from the federal student loan program, despite its good intentions to address the federal deficit, fails to understand the true role of government. We may run government like a business, but government is never to be a profit-driven entity, notably and especially making money off of the backs of those that need the latitude required to grow into our leaders for years to come. The shareholders of the United States of America are its struggling citizens, not profit-incented investors. Therefore, we must always remember that we reduce the deficit through fostering the growth of jobs and hard-working taxpayers, not through encouraging rate hikes on the backs of those that are already struggling to pay for a competitive education.
“Any plan that sees doing the status quo as viable is not watching the mounting debt that threatens our national sovereignty and place within the global community. As with the Affordable Care Act, any process that chases runaway costs with additional government spending instead of addressing both the cost and spending ends of this confounding equation facing higher education today misses the crux of the situation. We must put a long-term solution into place that creates a stronger return revenue flow back into the coffers of the federal student loan program while making sure that graduates can be both good loan borrowers – paying back these loans on time – while also being good consumers as well, able to buy homes, cars, and other goods that bolster our economy. For America to remain the beacon of hope for the world to see moving onward, we must make sure that higher education is the great equalizer that is economically accessible across our American diversity for years to come.
“Perhaps, with new leadership, those that are focused on accomplishing tasks through humble service and not accumulating partisan style points through continued bickering can finally solve these types of issues so that the students of today can be the unencumbered consumers, innovators, job-creators, and leaders of tomorrow.
“May God guide us towards finally some common sense common ground for the sake of empowering America’s future leaders today and may He bless the United States of America.”
Political commentator and community advocate Lenny McAllister is the “Working Man’s Conservative” currently working to make his hometown of Chicago and our proud nation better by working together as #OneBigTeam.
For more information, go to http://www.LennyMcAllister.com or call 773-492-0509