Target: Speaker of the House John Boehner
Goal: Demand Congress end the hike in interest rates for student loans and regulate the business of lending to students
On March 1 of 2013, the United States Congress allowed automatic budget cuts to be put into effect. The cuts were designed to hurt the constituents of each political party: not the actual members of Congress, but their constituents. The idea was to force both parties to come to an agreement before these budget cuts were put into place, but the entire Congress ended up failing so spectacularly that the ruinous cuts were ultimately initiated after a brief and desperate postponement.
Part of this agreement was that student loans would be increased to absurd levels in an effort to damage the Democratic Party, and so it has been done. Federally subsidized student loan interest rates, which were high enough to begin with considering the sinful cost of tuition in the United States, have doubled.
Meanwhile, student loan corporations that feed on the poverty of our nation’s youth like Sallie Mae, are able to take advantage of the low interest rates offered to lending companies by the government-sponsored Federal Housing Finance Agency, and lend back to students at 25-40 times that interest, a truly scandalous proportion.
This whole scenario is working to create an America where the super-rich feed on the more and more desperately poor, who are unable to fight back. When young people start their adult lives with this obscene amount of debt, they are essentially in chains. They are unable to rise up against these injustices for fear that their debt will increase and they will just be buried further. It is an insult to democracy to hold that sort of leverage over the young citizens of the United States.
Please sign this petition to remind Congress that they work for the people, and that the people will not stand for this institutionalized prison of debt.
Dear Speaker of the House John Boehner,
Due to the utter neglect and partisan infighting of the present United States Congress, some truly abhorrent budget cuts have been initiated as a result of the sequester. Part of the sequester was the doubling of federally subsidized student loan interest rates, and by this I will not abide.
If some members of Congress think that they can slip legislation by the American people that will badly damage the economic framework of this country and silence the middle class under the oppression of debt, they are badly wrong. I will not stand by these ruinous budget cuts. The next time Congress needs manufacture a crisis to encourage bi-partisanship, I suggest you focus on cutting your own salaries.
I will remind you that the Congress works for the people, and this reckless business must be stopped. You must rescind the hike in interest rates for student loans and the rate in half at the absolute very least. The American people are waiting.
[Your Name Here]
Photo credit: Lawrence Jackson via Wikimedia Commons