Six Democrats Side With Banks, Ask For ‘Alternative’ To Landmark Student Lending Reform
Six Democrats Side With Banks, Ask For ‘Alternative’ To Landmark Student Lending Reform
One of the greatest hardships facing America’s college students is student debt; the average student in the class of 2008 graduated with $23,000 of debt, “a figure 25 percent higher than what their older brothers and sisters owed when they graduated from college in 2004.”
To tackle this student debt crisis, last year the House of Representatives passed the Student Aid and Fiscal Responsibility Act (SAFRA), which expands and improves successful student aid programs like the Pell Grant and the Perkins Loan program, and eliminates billions of dollars in subsidies to wasteful private lenders by arranging loans directly with students instead of through bank middlemen.
The Senate is currently deliberating over its own version of the bill, and it is one Senate floor vote away from being signed into law by the President. However, the student lending industry has launched an “aggressive lobbying campaign” of senators representing states where big lenders are based, scaremongering about job losses resulting from passing SAFRA. Now, it appears that their lobbying is paying off, as six Democratic senators have written to Sen. Tom Harkin (D-IA), chairman of the Senate Health, Education, Labor and Pensions Committee, asking him to “consider potential alternative legislative proposals” to SAFRA’s major lending reforms:
Six Democrats signaled deep concerns with their chamber’s student lending reform bill on Tuesday, imploring party leaders to “consider potential alternative legislative proposals” in the coming days.
That could spell trouble for Sen. Tom Harkin (D-Iowa), the chairman of the Senate Health, Education, Labor and Pensions Committee, and other Democratic leaders, who once hoped to advance the Student Aid and Fiscal Responsibility Act to the president’s desk using the chamber’s 50-vote reconciliation process.
In a brief letter dated Tuesday, Democratic Sens. Bill Nelson (Fl.), Tom Carper (Del.), Blanche Lincoln (Ark.), Jim Webb (Va.), Mark Warner (Va.) and Ben Nelson (Neb.) describe reform to the country’s “higher education funding” system as a “priority.” But the group…also express concerns the Senate’s lending bill could ultimately result in local job loss.
While the senators may be claiming that passing SAFRA would result in job losses in their states, the truth is that it would be minimal at worst. The fact is that only 30,000 people at most are employed in the student lending industry. And because the companies would still be in charge of servicing all the government issued loans, servicing jobs could actually increase. For example, “Nelnet (Ben Nelson’s biggest donor) saw their servicing revenues [increase] 13% in 2009 as a result of a contract they won to service student loans for the Department of Education.”
One way to avoid a filibuster by Republicans and lender-friendly Democrats is to pass SAFRA with the health care legislation in one reconciliation bill. The Hill reports that “a Democratic official familiar with negotiations” over the student lending bill has told them that the leadership has already decided to “pair [the] overhaul of student lending with healthcare reform,” although Senate Majority Leader Harry Reid’s (D-NV) office says “no final decision has been made.” Using reconciliation for a major education reform bill would hardly be without precedent. In 2007, the Senate passed the College Cost Reduction Act of 2007 through the reconciliation process by an overwhelmingly bipartisan vote of 79-12.
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Democratic Sens. Bill Nelson (Fl.), Tom Carper (Del.), Blanche Lincoln (Ark.), Jim Webb (Va.), Mark Warner (Va.) and Ben Nelson (Neb.)
All Blue Dogs of the first order. (although I’m surprised at Jim Webb). F**k ‘em. They are just DINOS and should be treated as such.
March 10th, 2010 at 6:03 pmGood grief. Don’t these Senators read the polls? The public is angry and this just adds more fuel to the fire.
March 10th, 2010 at 6:06 pmFuzzyBeefSwallower
Why are YOU such a liar and such an ignorant brainwashed pile of pigshit?
March 10th, 2010 at 6:07 pmFuzzy never got past 5th grade, this thread doesn’t apply to him
March 10th, 2010 at 6:10 pmHere’s an idea how about all the students who can’t pay back their loans get to work in the resurected CCC?
http://en.wikipedia.org/wiki/Civilian_Conservation_Corps
March 10th, 2010 at 6:13 pmAnd no I don’t mean the CCC should be used as punishment I mean at the end of three years students debt (up to $30,000) is forgiven.
March 10th, 2010 at 6:14 pmScuzzy Flippers:
Why does the democrat party hate education?
Why do “conservatives” hate cost-saving measures?
March 10th, 2010 at 6:17 pmEuropeans don’t go broke trying to educate their children, and Europeans don’t go broke if a medical need arises.
Why in the hell is our society so screwed up?
March 10th, 2010 at 6:17 pmPay no attention to the retard Fuzzy Slurpers.
That’s the sort of dingaling found in the Klan these days.
March 10th, 2010 at 6:18 pmgummitch — this space for rent says:
Scuzzy Flippers:
Why does the democrat party hate education?
Why do “conservatives” hate cost-saving measures?
They don’t hate all cost-saving measures just the ones they don’t make a profit from.
March 10th, 2010 at 6:19 pmThe Republican is not capable of insight. The Republican is not capable of independent thought. The Republican is like the Borg. Devoid of humanity. Full of fear and hate.
March 10th, 2010 at 6:19 pmOh, don’t forget selfishness and greed.
Quite a bunch…
March 10th, 2010 at 6:20 pmRepiggies have a hierarchical view of society.
The well-educated elite at the top hold virtually all the wealth.
The poor are useful for hard labor, service jobs and military service.
Well-educated people are a problem for hierarchical societies as they tend to question the state of things and the whole sense of hierarchy.
March 10th, 2010 at 6:24 pmThe Republicans oppose all those things necessary for a society to advance. A healthy well educated citizen would make wiser choices. Unfortunately, that is not the target group for Republicans.
March 10th, 2010 at 6:27 pmSo claims the poster that is uneducated to the point of not realising there is no “democrat” party.
March 10th, 2010 at 6:33 pmThis bill is a jaub killer. My party is a believer of misery jobs; that is, people who come into work from 9-5 to make other people’s lives a living hell.
March 10th, 2010 at 6:37 pmConservatives are so far detached from education that they need a special interest group called Conservatives for Education!
March 10th, 2010 at 6:39 pmfuzzy nuts is just not trying anymore.
It’s sad to see the trolls flail and give up hope.
I understand though.
March 10th, 2010 at 6:48 pmFuzzyGOPBallsLicker™ A Solid F- says:
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Sure thing genius.
March 10th, 2010 at 6:44 pm
Drools one of the morons who worships a tool incapable of pronouncing “nuclear” along with an empty-headed bim who cannot grasp that the Vice President’s name is “Biden” and not “O’Biden” ……….
March 10th, 2010 at 6:48 pmI am not sure how “correcting” me on something I was right about is supposed to be an insult to me more than a validation of my original statement.
http://dictionary.reference.com/browse/realising
March 10th, 2010 at 6:53 pmGo figure Blanche Lincoln and both Ben Nelson’s are considering this. Slimy f***s should just switch to being Republicans after the health-care bill passes through reconciliation.
March 10th, 2010 at 6:57 pmWhy isn’t the focus on reducing the price of education? We should have our focus on colleges that increase their charges year after year and at the same time recieve money from the government. The root of the problem is the cost of education, not the method of borrowing for it.
March 10th, 2010 at 6:58 pmIf my party could find a way to use those student protestors as fodder for another Tiananman Sqaure, they would.
March 10th, 2010 at 7:00 pm“anyone who offers an intelligently constructed retort to the TP slanderized blog topics”
March 10th, 2010 at 7:02 pmand what constructive comments have you offered regarding this, fake dr hunt?
What the GOP REALLY means … says:
March 10th, 2010 at 7:03 pmIf my party could find a way to use those student protestors as fodder for another Tiananman Sqaure, they would.
–
Knowing the GOP they’d let the Chinese in on it and have a demolition tank derby between American M1 Abrams tanks and Chinese Type 59 tanks with the students in the center.
Apparently these DINO’S don’t care about the people, just the corporations…
Since I am a student, I am looking about $100,000 in student loan debt by the time that I am done, and I am not even counting late fees or interest, so after that is added up, I’m looking at half a million dollars in debt by the time that I am done with school…Pretty soon, college is only going to be a privilege of the rich, and that my friends is going to be a sad day in America when college is out-of-reach for the other 99% of American’s.
March 10th, 2010 at 7:03 pm” to develop plans for students to work for the government in order to pay those loans back.”
you mean like the one batshit crazy shelley blaaacchhman’s son is a part of?
March 10th, 2010 at 7:04 pmdrhunt1 says:
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March 10th, 2010 at 6:58 pm
Amazing how a lying slug like you views yourself to be the ultimate arbiter over what is or isn’t “slanted” and/or “intelligent” ; what an absolute joke ……….
March 10th, 2010 at 7:05 pm“Why isn’t the focus on reducing the price of education? We should have our focus on colleges that increase their charges year after year and at the same time recieve money from the government”
sounds an awful lot like the push to socialize higher education
March 10th, 2010 at 7:05 pm“why would the GOP support a government that does not honor freedom of speech and the freedom to peaceful assembly”
fake dr hunt. where were you when 43 was creating “free speech zones” you supported him, didn’t you?
March 10th, 2010 at 7:06 pmYou’re absolutely right, Dr. Dung, my trolls are terribly oppressed. Instead of rebuilding the civil rights division from the Bush years, the Obami administration should on combating troll abuse all across this big Reagan Ranch we call America. Civility should go toward the trolls and all the fact-free abuse should come from them and only them. Rename the civil rights division the Troll Coddling Division.
March 10th, 2010 at 7:06 pmHi dochunt. Will “Alfred” be making an appearance this evening?
I hope so. I sure miss him.
March 10th, 2010 at 7:07 pmdrhunt1 says:
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It’s about control and power…something our Founders would NOT approve of, and tried to avoid in the Constitution. There has been NO major legislation that readily comes to mind that Obama has put forward, supported or signed that is Constitutional.
March 10th, 2010 at 7:03 pm
Drools one of the “strict constitutionalist” morons who never uttered a peep about the godawful Bush administration , nor their “Patriot Act” .
Good call there , Jefferson ………..
March 10th, 2010 at 7:08 pmSay… you guys don’t suspect that dochunt works at the same rural hospital where jmunny is the CFO, do you?
That would be a weird conicidence.
March 10th, 2010 at 7:08 pmdrhunt1 says:
#32 bizarro-why would the GOP support a government that does not honor freedom of speech and the freedom to peaceful assembly?
Are you pulling stuff out of your orifice for special effects?
March 10th, 2010 at 7:08 pm–
The free-speech zones at the anti-war rallies…both you and the GOP are once again full of shit.
ralph the wonder llama, official spokesllama for the Llama Milk Council® says:
Say… you guys don’t suspect that dochunt works at the same rural hospital where jmunny is the CFO, do you?
That would be a weird conicidence.
March 10th, 2010 at 7:10 pm–
Both share the same offi…er…janitor’s closet.
Perhaps that’s because, in a wingnut lexicon known for its flexibility, “Constitutional” is a synonym for “things we like” and has almost nothing to do with the actual Constitution.
March 10th, 2010 at 7:10 pmif fake “dr” hunt and jdummy were really concerned about the price of their education they could always sign up to serve and be the beneficiaries of the G.I. bill. you know, the one grampy mcalzheimer’s said was “too generous”
March 10th, 2010 at 7:12 pmOh, yeah, dochunt, that’s right… “he” name-jacked me.
*winky winky*
March 10th, 2010 at 7:12 pmsoooo, fake “dr” hunt thinks “free speech zones were designed to “protect” people?
how about they were designed to shield the idiot king george’s eyes from the disppleasure of his constituents and stomp out 1st amendment rights?
March 10th, 2010 at 7:13 pmdrhunt1 says:
bizarro-so you’re equating what you wrote above, (copied and pasted below for your viewing pleasure),
“Knowing the GOP they’d let the Chinese in on it and have a demolition tank derby between American M1 Abrams tanks and Chinese Type 59 tanks with the students in the center.”
to free speech zones designed to protect all involved?
Wow…that’s a stretch…even for a Honeywell bean counter.
–
I wasn’t comparing the Tiananmen Square incident to the “free-speech” zones moron. The Chinese/US tank rally was a joke and the free-speech zones were un-necessary, unconstitutional violations of the protesters free speech. And yet law enforcement treated it as law. And shit heads like you and O’Reilly loved the idea.
P.S. Get a f***ing job Hunt! We’re sick of phony f***ing doctors like you leeching off of what we pay taxes for!
March 10th, 2010 at 7:17 pmfake “dr” hunt.
March 10th, 2010 at 7:21 pmperhaps you can explain to us how free speech zones were designed to protect the protestors since you seem to think they were desinged to “protect everyone involved”.
drhunt1 says:
——————————————————————————–
Bozo-I never stated that I agreed with the free-speech zones, just offered conjecture on why they were created.
March 10th, 2010 at 7:19 pm
Yeah , a completely ridiculous and knowingly dishonest one …
March 10th, 2010 at 7:24 pmdrhunt1,
March 10th, 2010 at 7:24 pmYou’d piss and moan too if the current president suggested anything limiting or negating your 1st amendment rights as well.
Excellent, dochunt is leaning on the reputation for inegrity he has earned here.
Well played.
March 10th, 2010 at 7:26 pm“where are those same protestors now…now that BO has extended timelines in Iraq and added troops into Afghanistan?”
http://www.codepink4peace.org/article.php?list=type&type=3
try there
March 10th, 2010 at 7:27 pmisn’t it amazing how fake “dr” hunt gets all pissypants about “intelligent conversation” on a thread and then goes on a rant about the president.
March 10th, 2010 at 7:28 pmdrhunt1 says:
——————————————————————————–
Bozo-again, my response is conjecture, but any attempt to separate those that were in favor of the war, from those that were vehemently opposed to it, would protect both AND the police.
On a side note, where are those same protestors now…now that BO has extended timelines in Iraq and added troops into Afghanistan?
March 10th, 2010 at 7:25 pm
The only ones in favor of the war were the hand-picked moronic Bush faithful , who were always inside the venue ; when did you EVER see a pro-war Bush leg humping moron hanging around outside an event that President NumbNutts was appearing at ?
BTW
What was Chimpy McFlightsuit’s original timeline for Iraq ?
He never even had one ………
March 10th, 2010 at 7:30 pmso, dr. hunt,
what do you propose we do for the youth of america to keep them from becoming enslaved in student loan debts?
please be specific
March 10th, 2010 at 7:32 pmAfter offering a link to a previous post where they linked an editorial no less.
Or crying about hitting nerves after previously saying other posters like myself lived at home, could not read, etc. (among other insults and random stupidity) when we thorougly debunked their crap.
March 10th, 2010 at 7:34 pmdrhunt1 says:
March 10th, 2010 at 7:36 pm#58 bizarro-BO minions and czars have already done so. Ever heard of Mark Lloyd?
–
Hmm…guy who’s the head of the FCC or Bush using law enforcement to detain those who protested him…which is worse? Which one makes hunt and Beck shit their pants in fear?
Congratulations, Mr. President, your approval ratings are at an all-time low.
–
March 10th, 2010 at 7:37 pmYet still more support the president then oppose the president…
apparently, fake dr hunt has left to formulate his
“researched, cerebral and thought provoking contrarian opinions on the highly jaded, disingenuous, cherry-picked and completely partisan “journalistic”
freaking retard
March 10th, 2010 at 7:37 pmdrhunt1 says:
——————————————————————————–
March 10th, 2010 at 7:36 pm
Please post Chimpy McFlightsuit’s approval rating and all the things he did to “inspire” the youth to perform better, to accelerate their desire to forge ahead and create a new America , jackass …….
March 10th, 2010 at 7:38 pmWe saw this stupidity the first dozen times you cut and paste it in multiple threads. It has nothing to do with the topic and is spam.
March 10th, 2010 at 7:38 pmthe fake doctor needs to remember to try to use the word contrarian with only one of his fake identities lest he give himself away yet again…
March 10th, 2010 at 7:39 pmfake Dr. hunt,
please explain to us how your posting@68 realtes to the topic and is an
March 10th, 2010 at 7:39 pm“an intelligently constructed retort to the TP slanderized blog topics”
drhunt1 says:
Hope and Change is now Fear and Loathing in just one year. Congratulations, Mr. President, your approval ratings are at an all-time low….
Keep repeating that to yourself because you are the only person who agrees with those statements. You aren’t convincing anyone with rhetoric. Most of the posters on this blog are able to differentiate fact from fiction.
March 10th, 2010 at 7:42 pminnit funny fake “dr” hunt posts this drivel
“The definition of troll from the Progressive viewpoint:
1)anyone who disagrees with the progressive mantra
2)anyone who offers an intelligently constructed retort to the TP slanderized blog topics
3)anyone who offers well researched, cerebral and thought provoking contrarian opinions on the highly jaded, disingenuous, cherry-picked and completely partisan “journalistic” offerings from the TP/progressive minions.”
and every one of his following posts directly contradicts his opinion of himself as a MENSA member and not a troll
March 10th, 2010 at 7:44 pmUnless “dr” hunt meant that it looked like 1994 in the regard of mentally and emotionally challenged clowns repeating empty talking points and throwing mindless support behind a corrupt GOP group that will probably end up resigning in disgrace after throwing a temper tantrum and shutting down the government.
March 10th, 2010 at 7:45 pmIt’s just a matter of time before the good (and fake) doctor posts more useless insipid piss , and then a separate post declaring himself “victorious” , after getting his stupid , lying ass kicked in ……
March 10th, 2010 at 7:46 pmfake “dr” hunt,
March 10th, 2010 at 7:49 pmwhere are you fcuktard? don’tcha wanna discuss the issues with me no more?
The trolls think you can put a price on education?
Hell, let’s scrimp on police and firemen too.
If you want quality, you have to pay for it. Cost should not be an issue where education is concerned.
March 10th, 2010 at 7:57 pmattempted take-over by the federal government
Talk about your basic fear and loathing!
March 10th, 2010 at 7:57 pm“if you can’t determine how post #68 relates to the topic of student loans, and the attempted take-over by the federal government of loans distribution/access/payment,”
i can’t follow your fanciful ballet in which you attempt to tie the president to every piece of legislation being considered, fcuktard. it’s making me dizzy
March 10th, 2010 at 7:58 pmFred ♪♫♪ says:
The trolls think you can put a price on education?
Hell, let’s scrimp on police and firemen too.
If you want quality, you have to pay for it. Cost should not be an issue where education is concerned.
March 10th, 2010 at 8:01 pm–
Exactly! That’s one of the many fundamental differences between conservatives and liberals: liberals want to get what they pay for…conservatives just don’t want to pony up their share and whine when shit inevitably goes wrong.
there goes fake “dr” hunt with his revisionism again.
name on “liberal” who ever embraced a ratmutton poll as credible.
“Liberals loved Scott back when his polls showed a major change in voter sentiment in 2006″
i am sure you can prove that statement with a link, right?
March 10th, 2010 at 8:03 pmdrhunt1 says:
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It’s typical of the liberal left to cherry pick what data they use, what stories they cover and who’s bed they sleep in.
March 10th, 2010 at 7:59 pm
Claims the ignorant and moronic d0uchebag who worships the party of WMD’s in Iraq , Obama was born in Kenya , Saddam/Iraq attempted to purchase yellowcake from Niger , “death panels” , Fat Lying Fu(k LImpballs , Glennda Speck , She-Yawn Insanity , Princess Winksalot and many others…….
Good call there , Sir Dunce-A-Lot ……..
March 10th, 2010 at 8:06 pmRasmussen has always had a conservative bend, whether it is the way the question is asked or the audience that is polled. Liberals did not love Rasmussen in 2008; they relished the fact that Rasmussen validated all the Dems and independent polls showing Obama to win.
Student loans were always a federal government program. The loans the banks made were guaranteed by the feds. In exchange, the banks were rewarded with a percentage of the loan costs for administration. Any defaulted loan was paid off by the feds who then took over the whole loan. It was a win-win proposition for the banks.
March 10th, 2010 at 8:07 pm“and forgiven after 10 years if they choose a career in public service”
hey stupid,
March 10th, 2010 at 8:08 pmyou do realize “public service” means cops, firemen and teachers, right? or didn’t they explain that to you on pox?
fake dr hunt: #75 Bozo-if you can’t determine how post #68 relates to the topic of student loans, and the attempted take-over by the federal government of loans distribution/access/payment, then there’s NOTHING I can add that would assist you.
Shockingly, fake dr hunt has no idea what he’s talking about. Can you imagine that? And with that Giant Brain, too. Lots of info about SAFRA here.
Competitive bidding? Commies!
And here’s the really vicious, nasty, commie part:
Emphasis added, especially for fake dr hunt.
The current system diverts huge sums of money from students and from taxpayers, in order to pay administrative costs and profits of lenders. It’s not surprising to hear fake dr hunt whining about “government takeover.” But it is complete and utter bullsh!t.
March 10th, 2010 at 8:10 pmrunt decided to think of the most ridiculous thing he could say….
rassmussen…accurate….heh….that’s funny shit.
March 10th, 2010 at 8:11 pmleave it to those palin women to work the system like true welfare queens
“Tripp’s grandfather Todd is a descendant of the Yup’ik Eskimo, and thus, his children and grandchildren are registered with the Curyung Tribal Council, part of the Bristol Bay Native Association. Further, this means they are eligible for government-run health insurance through the Indian Health Service.”
March 10th, 2010 at 8:11 pmhttp://www.gather.com/viewArticle.action?articleId=281474978063541
whoops, #94 was a mistake posted on the wrong thread.
March 10th, 2010 at 8:12 pmsorry
Democratic Sens. Bill Nelson (Fl.), Tom Carper (Del.), Blanche Lincoln (Ark.), Jim Webb (Va.), Mark Warner (Va.) and Ben Nelson (Neb.)
Fcuk the lot of you. Srsly.
March 10th, 2010 at 8:12 pmdrhunt1 says:
You might want to back off from your opinion polls. The Rasmussen poll is not current and it shows no undecided/other. All the other polls show no opinion. That means Rasmussen lumped the no opinion into the disapproval category.
http://en.wikipedia.org/wiki/United_States_presidential_approval_rating
The current Gallup/USA Today poll shows more people approve Obama than disapprove.
March 10th, 2010 at 8:13 pmdrhunt1 says:
Can you show me where in the Constitution that it gives the Federal gub’mint the right to mandate health care or offer student loans?
We don’t have to show you anything since we have already discussed this argument. Another rehashing is not going to make your argument any more legitimate than it was before, which it is not.
March 10th, 2010 at 8:16 pmfake “dr” hunt.
last time i check the government wasn’t mandating student loans.
by the way, can you point out in the constitution what amendment created a standing army?
March 10th, 2010 at 8:16 pmwhat the hell is a gub’mint? Whatever pretend doc is just gonna piss and moan till he gets all tuckered out…
March 10th, 2010 at 8:17 pmfake “dr” hunt thinks just because something isn’t in the constitution makes it “unconstitutional”
March 10th, 2010 at 8:17 pmwhat an assclown
Wow the vote down baby’s existence is so fleeting…
March 10th, 2010 at 8:18 pmWow the vote down baby’s existence is so fleeting…
Like a Higgs Boson?
March 10th, 2010 at 8:25 pmfake dr hunt: Can you show me where in the Constitution that it gives the Federal gub’mint the right to mandate health care or offer student loans?
You probably disapproved of the GI Bill, too, right?
Sounds to me like Washington, Jefferson and Madison disagree with you:
And the Federal Government has been supporting higher education since 1862. One would think that the Supreme Court would have quashed all that if it wasn’t “Constitutional”.
If you don’t mind, I’ll take the opinions of those three Founding Fathers over yours, fake dr hunt.
March 10th, 2010 at 8:26 pmIf you don’t mind, I’ll take the opinions of those three Founding Fathers over yours, fake dr hunt.
But Rush said……
/snark
March 10th, 2010 at 8:28 pmBut the group…also express concerns the Senate’s lending bill could ultimately result in local job loss.
Yeah, we can’t have them folks being educated and getting jobs, can we ?
Not to mention, they are vulnerable as they are scrapping by to get just enough to fund their education. And we can’t pass by gouging a vulnerable person.
The only light that I can take this seriously is that I live in a rural area. And the folks that go to college seem more likely to move away as we don’t have a job market for the higher educated folk.
March 10th, 2010 at 8:36 pmLOL, of course, this means the banks have them bought and paid for already and just havent offered enough money to the remaining lawmakers.
Jess
March 10th, 2010 at 8:42 pmhttp://www.real-anonymity.eu.tc
Hey if it ain’t in there it ain’t in there. Isn’t that your argument?
March 10th, 2010 at 8:47 pmhis first sentence was the constitution doesn’t mention health care.
I shut it off right then.
You’re a phony pony runt. Lot’s of stuff aint mentioned and you’ve been spoon fed the facts. You’re a poser and a loser.
We will have the things we want because despite your efforts to make us into Somolia, we progress.
Look at your history honey. The only times we go backwards is when the right is running things and that aint very often.
March 10th, 2010 at 8:48 pmReported #109 for youtube spam.
March 10th, 2010 at 9:00 pmQuote quiz: Who referred to the Constitution as just a god damned piece of paper?
March 10th, 2010 at 9:02 pmOooh, oooh. George Soros
*Drink!*
Which is convenient, since there is a glass of Old Granddad 100 sitting here waiting for some knothead to roll out a cliche in an attempt to change the subject.
Thanks for the drink, fake dr hunt.
March 10th, 2010 at 9:04 pmWhat is the current rule on the Privacy Center?
March 10th, 2010 at 9:06 pmGovernment can give students loans at half the price of private industry, guess those righties weren’t right about private industry being better than government.
March 10th, 2010 at 9:07 pmThe fact you can not post on topic is a sign of your ignorance.
Your post was spam as it had nothing to do with the topic. Your feeble insults do not change that simple fact.
March 10th, 2010 at 9:07 pmNapolitano is the same “bright guy” that lied about how Scott Matheson’s appointment to an appeal court would make it illegal for his brother to vote “yes” on health-care reform.
March 10th, 2010 at 9:13 pmMr. FuzzySlippers
Thanks for confirming that the GOP hates education. You have declared that if 6 Democrats want an “alternative” then the Democrats hate education. I would have to disagree and say that the Blue Dogs LOVE the banks. And so when 41 Senators vote against the same bill one can only conclude that the GOP REALLY hates education and REALLY LOVE THE BANKSTERS. I love how the GOP are such “fiscal hawks” but when a bill comes out that would eliminate billions in needless subsidies the entire Republican caucus is against it. Given the overwhelming opposition to this bill and the money it would save America we can say the GOP is a party of hypocrites and their fiscal conservatism is a sham.
March 10th, 2010 at 10:25 pmI am so sick of these blue dog Democrats. They are rethug lites and they need to go.
March 10th, 2010 at 10:33 pmAlways, always about the buck. Bankers now control American politics and that is bad news for anyone who isn’t in the top 1% of income in this country. Their increasing greed will require them to squeeze as much cash out of Americans as humanly possible. Note that it is now a race between the banks and health insurers to see who can destroy the American middle class first. Fairly close race right now.
March 10th, 2010 at 10:33 pmThrow the bums out, en Massa!
March 11th, 2010 at 5:49 amEven if the Obama overhaul passed, there would be no law saying banks could not continue to make private loans for education. But they will do not it because they will lose their government subsidies and guarantees. This is not about a government takeover-it is about capitalists who are too afraid to actually practice capitalism without government welfare.
March 11th, 2010 at 6:34 amSallie Mae has essentially ruined a huge portion of my life. $60,000 in loans that in less than five years now total $112,000. My school would only bring up Sallie Mae if we needed help and went out of their way to make anything else difficult.
It has taken so long for any government people to care about this. I wrote Obama long before he was President be cause I was all out of ideas. I can’t do forbearance and their private loans do not allow for income sensitive repayment. I pay $1020 a month to those loans, which will increase to $1300 next year. I only get $2000 a month after taxes. I can’t live on $700 a month, but Sallie Mae does not care. They’ve made that very clear to me.
Obama’s rep just told me about federal loans. Those aren’t my problem. If student private loans had similar protections I probably wouldn’t have had a problem at all. In retrospect I made some dumb decisions, but I didn’t know much better. I thought my school was trying to, you know, HELP ME.
You can’t even consolidate anymore to help alleviate that. They say it’s not economic for them, fine. But they also have the gall to say it’s not economic for me. Bullshit!
I and several other people I know essentially owe a mortgage because of these companies. People are worried about the housing market? They’re doing this to a LOT of people and there are many, such as myself, who don’t know if they can ever even afford a home mortgage in the first place.
March 11th, 2010 at 7:42 amSo these democrat legislators, yes that is democrat, are the same one’s easily recognized by the brown and green stains on their noses. Dangle money in front of them and the only thing they can see is themselves. Constituents? Don’t bother them with details.
March 11th, 2010 at 8:47 amExcellent point bob h. These same corporatists who scream till they’re blue in the face about protecting capitalism and free markets ignore the fact that without “socialized” government subsidies the banks wouldn’t even offer loans to students. At least not at a rate that would be in this stratosphere. As a matter of fact, without “socialized” government subsidies many banks and lenders would simply have folded a year ago. An inconvenient truth that the corporatist blue dogs happily ignore…along with the other fact that this Bill would not cause job losses in their districts.
March 11th, 2010 at 8:48 amVirtually a “who’s who” of who needs to be replaced. The blue-pussies ruin everything thats meant to help regular people. The contrast is so obvious. Let’s teach them a lesson and replace them
March 11th, 2010 at 11:42 amQuite simply put: if the government is the one backing the loan, then the government is the one offering the loan. Having another private entity “sell” the loan that you’re backing merely amounts to giving that entity free money. Might as well just cut out the middleman and make the loan directly from the guarantor to the borrower. It’s cheaper to the taxpayer. That’s just plain old fiscal-conservative common sense. Right? Right?
Oh wait I forgot, banks are against it, so wingnuts are against it too.
March 12th, 2010 at 3:26 am