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For Immediate Release December 21, 2005 Contact: Amaya Smith 202-863-8148
The Grinch Who Stole Student Loans
Washington, DC- This morning the Republican-led Senate voted to cut over $12 billion in student loans from the federal budget, the largest cut to student aid in history. The controversial 51-50 vote was sealed by none other than Vice President Cheney who cut short a trip to the Middle East to cast the tie- breaking vote. The final bill was so controversial that five Republicans broke rank to vote with every single Democrat in opposition to the bill.
Republicans claim the bill will balance the budget, but the bill would in fact add to the already huge deficit that they are leaving to the next generation to pay. Although Republicans claim that the budget is strapped for cash, they still plan to pass huge new tax cuts for the wealthiest Americans-using student loan funding to pay for it. The $12 billion cut was part of a larger $40 billion package which also cut Medicaid and food stamps.
"Before going home for the holidays, Senate Republicans joined their Republican House colleagues in leaving college kids out in the cold in order to give gifts to their rich pals," said College Democrats President Grant Woodard. "This is akin to parents stealing their kid's Christmas presents and then sending them the bill. Together, America can do better than a Congress that passes their debts to the next generation while cutting funding for education. Republicans should join Democrats in working to provide a better future for America's youth."
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Paid for and authorized by the Democratic National Committee, www.democrats. org. This communication is not authorized by any candidate or candidate's committee.
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