Democrats introduced legislation to keep rates at 3.4 percent for another year, but Senate Republicans filibustered it.86 Later that summer, Congress passed and President Obama signed a compromise, the Bipartisan Loan Certainty Act of 2013. ..…

Instead, the bourgeois consensus—and propaganda—shifted to support of Obama’s “balanced” approach of slow cuts and tax hikes and pulled the leash on blowhard Republican austerity drivel. ..…

Backed by Obama on the campaign trail, EFCA went nowhere in a Democratic controlled Congress until banished by the Republican comeback in the 2010 elections. . ..…