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President Obama Is Helping America’s Schools Out-Educate the Rest of the World and Students Pay for College; We Can’t Afford Romney Economics

Today Mitt Romney is giving yet another major policy framing speech, this time about education. The President believes education is an economic imperative and key to making long-term investments for an economy built to last. Romney didn’t make long-term investments in companies as a corporate-buyout specialist, he didn’t make long-term investments in Massachusetts’ education as governor, and he won’t make them as President.

Romney Economics: In both the public and the private sector, Romney favored short-term profits that helped only those at the top over long-term investments that helped everyone. He did and would do the same to our children’s education, putting budget-busting tax cuts for the wealthiest ahead of good schools and affordable higher education.

  • In Massachusetts: He forced class sizes to go up as he cut schools’ funding. College tuition and fees skyrocketed as he cut funding for both schools and student aid. Meanwhile, he ranked 47th out of 50 in job creation.
  • As President: He’d make deep cuts to education to help fund tax breaks for millionaires and billionaires. He’d enact the Ryan budget, which:
    Would make college more expensive by cutting Pell Grants and letting the President’s college tax credit expire and student loan interest rates double.
    Could cut nearly $5 billion a year from our country’s schools. That would mean thousands of dollars in cuts per child every single year.

President Obama believes every child deserves access to quality schools, as well as the ability to afford college or advanced training that prepares them for jobs of the future.

  • K-12: His education reforms spurred innovations in local schools, empowering 46 states to raise standards for our schools with no new mandates or federal dollars.
    No Child Left Behind: Since Congress wouldn’t act, he offered states relief from its mandates, giving them the opportunity to pursue the flexibility to use local solutions to improve their schools and increase accountability.
  • Student Loans: He reformed federal student loans so we’re investing in students, not banks, and he capped payments so 1.6 million students will see relief as soon as this year. He’s fighting to stop interest rates on student loans from doubling for more than 7 million students.
  • Paying for College: He created and expanded a tax credit worth $10,000 over four years of college and expanded Pell Grants to help nearly 4 million more students.