Congress stuck on student interest rates

Congress is stuck on the student loan interest debate.  This is the problem with the government owning everything.  The lenders should be allowed to set the interest rates.  Now the success of people going to college is riding on our government who is almost bankrupt.  Even if they wanted to keep interest rates low the government has no money.  So either all tax payers will lose money or student loan cost will go up.  Isn't it great when the government gets involved in things?

How do you feel this issue should be resolved?  My thoughts are the government should get out of it, so it can go through a correction.  It will suck for a year or two, but this issue won't occur again.

More information here http://www.politico.com/news/stories/0612/77243.html

Posted in: politics,student loans