(snip) (Obama) ...If Congress does not get this done in a week, the average student with federal student loans will rack up an additional $1,000 in debt over the coming year. If Congress fails to act, more than 7 million students will suddenly be hit with the equivalent of a $1,000 tax hike. And that’s not something that you can afford right now. (snip) Politico actually did the math, and suggests that Obama might have engaged in a little, er, “hyperbole”: That was a bit of hyperbole. According to the Department of Education, if rates double, the borrower paying back...