Congressman John Boehner (R-West Chester) released the following statement after the House approved the Interest Rate Reduction Act (H.R. 4628), legislation by Rep. Judy Biggert (R-IL) that would extend current student loan interest rates by cutting spending from an ObamaCare slush fund:
"Students and families are struggling in President Obama's economy. Nearly half of college graduates are unemployed or underemployed, and laws like ObamaCare have only made it harder for small businesses to hire them. That's why House Republicans voted to extend current student loan rates and to pay for it by eliminating an ObamaCare slush fund President Obama himself proposed cutting from his budget. It's time for the president and Democrats in Congress to stop exploiting the challenges facing young Americans for political gain, and start working with Republicans to create a better environment for private-sector job growth."