GOP and Student Loans

Discussion in 'Politics' started by DontBeStupid, May 18, 2012.

  1. DontBeStupid
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    DontBeStupid Look it up!

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    In late 2010, the GOP leadership announced they would allow taxes for everyone to go up and to cancel unemployment insurance money, unless the top 1% were able to maintain their low tax rates. There was zero talk of how to pay for these continued low rates.

    In the coming weeks, interest rates on student loans will double, and the GOP not only voted in favour of letting it happen (link below) but they are adamant about finding a way to "pay for" the low rates.

    "Conservatives", help me out here. The GOP economic philosophy is that the more of your money you have the better off you are and the better off the country is. They said as much when demanding low rates for the top 1%. So why not allow people with student loans to have more of their own money? What's the difference?

    And also, isn't doubling the interest rate the same as a tax on those who have loans? Why then is the GOP now in favour of increased taxation?

    Senate Republicans Vote To Hike Student Loan Rates They Oppose Hiking | TPMDC
     
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  2. uscitizen
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    uscitizen Senior Member

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    The difference is that students do not have lobbyists and fund Pacs, the ones holding those student loans and profiting from the increased rates do have lobbyists and pacs.
     
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    Last edited: May 18, 2012
  3. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    You have a gross misinterpretation of the facts of this issue.
     
  4. DontBeStupid
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    DontBeStupid Look it up!

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    Then please explain to us the facts of this issue.
     
  5. g5000
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    g5000 Diamond Member

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    You mean the US Treasury is writing checks to the top 1%?
     
  6. Trajan
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    Trajan conscientia mille testes

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    don't be...well,you know:rolleyes:
     
  7. SniperFire
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    SniperFire Senior Member

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    Tax rates aren't 'paid for,' moran.
     
  8. Trajan
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    Trajan conscientia mille testes

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    heres a novel concept...they can NOT take the loans....woweee!!!!!

    did I just blow your mind?
     
  9. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    The Constitution of the United States makes no specification of giving out the people's money to gold-diggers, regardless of age, color, orientation, or creed.
     
  10. uscitizen
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    uscitizen Senior Member

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    Pretty much. Govt contacts and such.
     

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