President Obama is set to sign an executive order Monday to cap repayment of a student’s loans to 10 percent of their monthly income.
Obama is scheduled to announce “new steps to further lift the burden of crushing student loan debt,” a White House official told the New York Times. The action will expand a 2010 law that excluded older loans making them currently ineligible.
After using his weekly address to promote his intentions, Obama’s Twitter account posted this:
“I will keep doing whatever I can without Congress to help responsible young people pay off their loans.” —President Obama #ItsOurInterest
— Barack Obama (@BarackObama) June 7, 2014
Obama is already under fire for trading five Guantanamo Bay detainees for Army Sgt. Bowe Bergdahl without congressional approval last week. Twitter response was quick to point that out, posting this:
@BarackObama you just openly tweet about breaking laws now? Not surprised but seriously? Why does anyone buy into this racket anymore?
— Josh Wells (@JoshWells) June 7, 2014
— Condoleeza Rice (@Condi2016) June 7, 2014
@BarackObama You think you are the Emperor, but in reality, you are just some dope smoking Tard people elected to prove they weren’t racist
— Dr. Helldigger (@drhelldigger) June 7, 2014
— S.M (@redsteeze) June 7, 2014
Obama appears to be following through on his promise in January that he would “use every tool he can,” including his pen and his phone, to get what he wants through the remainder of his administration.
H/T: Weasel Zippers
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