Student Loan Interest Rates Double

Interest rates on subsidized federal student loans doubled on Monday, going from 3.4 percent to 6.8 percent.  Cato scholar Neal McCluskey argues that the most discouraging aspect of all this isn’t the financial impact of the doubling, but that Congress couldn’t get a deal done. “That’s bad news for any future compromise, but much more importantly, a clear and troubling sign of why we won’t get the long-term solution we need: getting Washington out of student aid entirely.”

Immigration Reform Moves Forward

The Senate on Thursday voted 68-32 to pass its sweeping immigration reform bill. Cato scholar Alex Nowrasteh says that while the bill has its flaws, it is still “a solid improvement over the current immigration system.”  The bill now moves to the House, where it will face an uphill battle.

Supreme Court Rules DOMA Unconstitutional; Gay Marriage Legal in California

The Supreme Court last week struck down the Defense of Marriage Act as “unconstitutional as a deprivation of the equal liberty of persons that is protected by the Fifth Amendment.”  In the Hollingsworth v. Perry (Prop 8) case, the Supreme Court found that the Ninth Circuit was without jurisdiction to consider the district court appeal, and remanded the case with instructions to dismiss.  Comments Cato scholar Ilya Shapiro, “The Court upheld the equal liberty and dignity of all individuals, regardless of sexual orientation.”

Supreme Court Strikes Down Outdated Voting Rights Act Provision

The Supreme Court last week struck down Section 4 of the Voting Rights Act, a provision that subjected a now-random assortment of states and localities to onerous burdens and unusual federal oversight.  Cato scholar Ilya Shapiro notes, “Recognizing that the nation has changed, the Court aptly ended the extraordinary intrusion in state sovereignty that can no longer be justified by the facts on the ground. …Today’s ruling underlines, belatedly, that Jim Crow is dead.”

Recent Commentary

Events

July 18

Money, Gold, and History

Featuring Lewis E. Lehrman, Author, Money, Gold, and History, Founder and Chairman, Lehrman Institute; moderated by Mark Calabria, Director of Financial Regulation Studies, Cato Institute.

12:00pm Hayek Auditorium

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Cato University 2013

Cato University 2013 * July 28 - August 2

Cato University is Cato’s premier educational event of the year. This annual program brings together outstanding faculty and participants from around the country and globe – for sharing experiences and perspectives in a one-of-a-kind, brain-energizing environment. Above, Senator Rand Paul – who will be giving a presentation at this year’s program – speaks at last year’s Cato University. This year’s program will be held at the Cato Institute, in the heart of Washington, D.C – the perfect setting for examining the roots of our commitment to liberty and limited government and for exploring the ideas and values on which the American republic was founded.
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