It hasn’t been easy for middle-class Americans to get by in the Obama economy. Perhaps the group most affected by this President’s policies are recent college graduates and current college students.
For the most part, they do what they learned to do – go to college, work hard, and secure a good-paying job upon graduation.
Unfortunately, the economy is stagnant, and jobs are scarce as student loan debt is piling up.
Here are some numbers that tell the story:
• The unemployment rate for 16-24 year olds is 13.2%, twice the national unemployment rate (Bureau of Labor Statistics, 5/14/14)
• 63% of Americans ages 18-34 feel the American Dream is impossible to achieve in this country. (CNN Money, 6/14/14)
• 36% of Americans ages 25-34 are now living with their parents. (New York Post 5/18/14)
• Nearly 80% of those graduating in 2014 will face student loan debt of at least $10,000 (CNN Money, 5/8/14)
The solution to deal with student loan debt is by helping to ensure jobs are available when students graduate. That’s why House Republicans have passed jobs bill after jobs bill.
The SKILLS Act would reform and strengthen the workforce investment system of the Nation to put Americans back to work and make the United States more competitive in the 21st century.
The Save American Workers Act would restore the 40-hour work week lost under Obamacare, so all Americans can take home more money.
The Small Business Capital Access and Job Preservation Act reins in excessive red tape that prevents small businesses from hiring more workers.
Unfortunately, these are just a few of the bills collecting dust in the Senate.
The President’s approach? An executive order that does nothing to actually address the skyrocketing cost of college.
The pen and phone approach used by the President isn’t working, especially for the 40 million Americans who hold student loan debt and are struggling to find jobs.
If he really wants to tackle student loan debt, he should use his phone to tell Senator Harry Reid to stop blocking the dozens of House-passed jobs bills awaiting action.