Bachmann: Obama college loan move abused power

October 27, 2011 - 6:00 PM
GOP Candidates Drill Baby Drill

FILE - In this Oct. 20, 2011 file photo, Republican presidential candidate, Rep. Michele Bachmann, R-Minn. speaks in San Francisco. It's still “drill, baby, drill.” After the nation's largest offshore oil spill and a series of pipeline breaks, Republican presidential candidates are still pushing an aggressive policy of oil and gas drilling. (AP Photo/Jeff Chiu, File)

ST. PAUL, Minn. (AP) — Republican presidential candidate Michele Bachmann is ripping a move by President Barack Obama to ease student loan debt as an "abuse of power" that will give people incentive to dodge debt.

Bachmann reacted Thursday to a decision Obama announced a day earlier to cap payments for some college loan borrowers and forgive payments for others after 20 years. He used executive authority to accelerate a law that wasn't supposed to go into effect until 2014.

The Minnesota congresswoman made her remarks during an education forum put on by The College Board and News Corp.

Appearing by satellite from Minneapolis, Bachmann told the gathering that the loan breaks could push costs onto other taxpayers.

She called it a "moral hazard" because it relieves people of responsibility for debt they've accumulated.