I’m no fan of John Hoeven, but Ryan is oblivious to the fact he spent all that time and money on a Journalism degree from Concordia.
Published July 05, 2013, 11:35 PM
Letter: Senator really does not get it
By: Ryan Gustafson, Fargo
Do you think Sen. John Hoeven, R-N.D., knows the price of a pack of ramen noodles? It’s usually around 29 cents and provides one meal. Hoeven is the former manager of the Bank of North Dakota. From that position, he oversaw millions of dollars in student loan debt held by the state bank. The profits off the interest paid on those student loans goes directly into the North Dakota General Fund, where state legislators fritter it away on tax breaks for oil companies despite record high gas prices.
Is it any wonder that Hoeven didn’t bother trying to stop the interest rate hike from happening on a federal level? He’s seen the profit you can bilk out of students by double-dipping on both income tax and student loan interest payments.
Getting an education isn’t supposed to create lifelong debt, but that’s what Hoeven did to thousands of North Dakota students while he ran the Bank of North Dakota, and it’s what he’s doing to millions across the country now that he’s a senator. Hoeven is only interested in tax relief for his friends. Students? Let ’em suffer.
As for me, I’m on my way to the supermarket for a few more packs of ramen noodles.