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Michael considered fate at 03:40   |   Permalink   |   Post a Comment
Brilliant Mr. Bush, truly. Well done. See Thinkprogress for the rest of the story:
Bush was stumped during the Q&A session of his speech today by a sophomore at Kansas State:

[snip] Recently 12.7 billion dollars was cut from education. I was just wondering how is that supposed to help our futures?


Bush: Actually, I think what we did was reform the student loan program. We are not cutting money out of it.

The facts:

On Dec. 21, 2005, the Senate passed $12.7 billion in cuts to education programs — “the largest cut in student college loan programs in history.”
[snip] The bill also fixed the interest rate on student loans at 6.8 percent, “even if commercial rates are lower.” [snip]

Pell Grants have been frozen or cut since 2002; they are now stuck at a maximum of $4,050.

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