President Barack Obama’s push to lower student-loan payments and forgive them five years sooner than current law requires is a “fraudulent solution” to the problem of rising college tuition, Rush Limbaugh said on his radio show Thursday. Obama’s plan would save graduates less than $10 per month, he said, quoting a magazine piece in The Atlantic.
“This is all a fraud,” he said. “It’s all about making the student-loan community think that he cares.”
According to The Atlantic, student loans have grown by 511 percent since 1999, and 82 percent of the debt was taken on during the past decade.
“That is a stunning fact,” Limbaugh said. “So, here’s Obama now, out promoting a fraudulent solution, just like everything else he does is fraudulent. It’s all about more lies — it’s all about more promises.”
Obama’s proposal will allow borrowers to consolidate all direct government loans, limit the amount of student-loan payments to 10 percent of graduate’s income (the figure is now 15 percent), and forgive the debt after 20 — it’s currently 25 — years.
“These student loans are going to end up costing the taxpayers anywhere between $800,000 and $900,000 per student,” Limbaugh said. “The student on the loan repayment, if they make the payment, will save $8 to $10 maximum a month.
“Obama’s proposal was geared to getting the best headlines for the least amount of money,” he continued. “The taxpayers get screwed royally. It’s another transfer, redistribution of wealth.”
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Donald Trump says the removal and killing of Libyan despot Moammar Gadhafi will result in “disaster” because “at least he had control of his weapons,” and under new leadership the United States won’t have any idea whose fingers are on the triggers. The real estate mogul also told Fox News’ Greta Van Susteren Tuesday he still questions whether President Barack Obama’s birth certificate is “real.”
“We spend all this money and it will be worse than Gadhafi — least he had control over his weapons, he had control over the country — I think what’s going on there is going to be worse,” Trump said. “You know what? When you look at him — I could care less for Gadhafi — but when you look at the way they treated him: I mean, these are the people that we are going to be dealing with.
“Do you think we really made a bargain there? We spent billions of dollars and we got nothing,” he said. “The so-called rebels . . . they came to us and said: ‘We need help, we need help’ — we could have said, we are going to give you help but we want 50 percent of your oil for the next 25 years. You know what they would have said? ‘How about 75 percent of the oil — we will give that too.’ What do we get out of it? We get nothing.
“So, you know, people talk about like Libya is a victory — Libya is not a victory — I think it’s a disaster,” he said.
Turning to the issue of Obama’s birth certificate, Van Susteren noted that presidential hopeful Rick Perry has indicated Trump might still have doubts about whether Obama was born in the United States and asked if indeed that was the case.
“I’m not a major believer — I don’t know how it just miraculously appeared. We will see what happens — but I’ve never been a major believer,” Trump said. “All of a sudden . . . it was produced out of nowhere. Some people have serious, serious doubts as to its validity.
“I frankly really want to get on to much more important subjects, although that’s a very important one — because if in fact it’s not 100 percent, he’s not supposed to be the president of this country — which is a pretty important fact,” he said. “But nevertheless, I want to talk about jobs, I want to talk about the economy, I want to talk about how China, and OPEC, and others are ripping us off.”
Van Susteren said she thought the question of Obama’s birth had been put to rest in April when the president produced documentation that showed he was born in Hawaii.
“No, no, never to rest, I’m at a point where I say: Look, the country is going to hell in a hand basket, and something has to be done about it — and we shouldn’t be talking about the birth certificate — but people love to talk about it,” Trump said. “For instance, it’s your first question. I guess at a luncheon or an interview, Governor Perry mentioned that I said I’m not a big believer — and I’m not. People look at the hospital: There are no records that his mother was there. There are many a things that are really suspect.”
In his interview with Van Susteren Trump also:
• Questioned whether Obama does any real work as president. “I have a never seen anything like it — he’s constantly out campaigning and he will make a speech and another speech, they are campaign speeches — there’s a different between work and campaigning.”
• Weighed in on GOP presidential hopefuls’ tax plans. “There are a lot of different concepts of taxes, including the ones we currently have if you take away deductions and simplify it. But the code is so complex right now — it’s thousands and thousands of pages and simplification would be a fantastic thing. Even if you took the existing code and that starts getting into the flat tax. The only problem I have with the 9-9-9 — and I like Herman [Cain] — the sales tax will be tough on people of middle income and lower income status. I think the sales tax aspect of it is pretty tough for them to handle.”
• Revisited the possibility he might run for president if he doesn’t think a GOP candidate can beat Obama and revitalize the nation. “If we choose somebody who is not right, and the economy continues to be bad — which I think we will because we have leadership that doesn’t know what it’s doing — I would certainly consider running as an independent, yes.”
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