Republicans Block Bill To Extend Low Interest Rates For Student Loans

[J.E.D]

Once again, Republicans show us who they work for. Their hatred of this president and his landmark health care law seeps from their pores. They would rather gut preventive health care funds (part of the ACA) than ask a small percentage of wealthy people to pay a little extra in order to prevent student loan interest rates from doubling.

Student Loan Vote: Republicans Block Bill To Extend Low Interest Rates

WASHINGTON -- Senate Republicans on Tuesday blocked a bill that would have frozen student loan interest rates before they are set to double on July 1.

In a partisan vote of 52 to 45, the Senate failed to reach the 60 votes needed to begin debate on the Democratic bill. Sen. Olympia Snowe (Maine) was the lone Republican to vote "present." A Snowe spokesman told The Huffington Post her vote was related to her practice of voting "present" on legislation that contains the potential or appearance of association with the private business activity of her husband.

The vote wasn't much of a surprise: Republicans have been signaling they would filibuster the bill because of its cost offsets. Democrats would cover the $6 billion cost of keeping student loan interest rates at 3.4 percent for another year by raising Social Security and Medicare payroll taxes on certain high-earners. By contrast, Republicans have called for nixing a preventive health fund to pay for it.

Ultimately, the vote gives Democrats another chance to try to frame Republicans as favoring the wealthy over the middle class in the midst of intensifying election-year politicking.

During debate on the bill, Sen. Tom Harkin (D-Iowa) said Republicans were "afraid" to agree to let it come up for debate because they would be forced to choose between helping college students and protecting the rich.

 

[Clementine]

The Democrats were responsible for deciding a few years ago that the interest rate would double now. So, are they owning up to that? They did it for a reason. They wanted to be able to pretend they were the heroes by stopping their own plan from becoming reality. And they knew this would be an issue in a campaign year and they figured it would be great to add some other BS to the bill that they knew the Repubs wouldn't go for. This way, the Repubs will look like the bad guys. It was set up this way from the start.

 

[Stephanie]

Liberals will NEVER hold their party responsible for the games they play with peoples lives..

Instead we get threads like this one

 

[Seawytch]

The Democrats were responsible for deciding a few years ago that the interest rate would double now. So, are they owning up to that? They did it for a reason. They wanted to be able to pretend they were the heroes by stopping their own plan from becoming reality. And they knew this would be an issue in a campaign year and they figured it would be great to add some other BS to the bill that they knew the Repubs wouldn't go for. This way, the Repubs will look like the bad guys. It was set up this way from the start.

The Repugs don't have to look like the "bad guy", they are choosing to.

 

[eflatminor]

They would rather...

Yes, that whole keeping interest rates below what the market would charge has worked out so well for the housing industry, why not student loans?

Is there anything in which you wouldn't want the federal government to meddle? Anything?

Oh, and can you please point to the enumerated power in the Constitution that grants the federal government authority over student loans? I can't seem to locate it.

 

[Steelplate]

They would rather...

Yes, that whole keeping interest rates below what the market would charge has worked out so well for the housing industry, why not student loans?

Is there anything in which you wouldn't want the federal government to meddle? Anything?

Oh, and can you please point to the enumerated power in the Constitution that grants the federal government authority over student loans? I can't seem to locate it.

It's up you ass....you know? The place where you keep your head?

 

[edthecynic]

The Democrats were responsible for deciding a few years ago that the interest rate would double now. So, are they owning up to that? They did it for a reason. They wanted to be able to pretend they were the heroes by stopping their own plan from becoming reality. And they knew this would be an issue in a campaign year and they figured it would be great to add some other BS to the bill that they knew the Repubs wouldn't go for. This way, the Repubs will look like the bad guys. It was set up this way from the start.

You should know better than to believe any of the bullshit your MessiahRushie feeds you. The bill came up several times without the expiration date, but the GOP filibustered it each time until the expiration date was added, but you knew that all along!

 

[WillowTree]

Once again, Republicans show us who they work for. Their hatred of this president and his landmark health care law seeps from their pores. They would rather gut preventive health care funds (part of the ACA) than ask a small percentage of wealthy people to pay a little extra in order to prevent student loan interest rates from doubling.

Student Loan Vote: Republicans Block Bill To Extend Low Interest Rates

WASHINGTON -- Senate Republicans on Tuesday blocked a bill that would have frozen student loan interest rates before they are set to double on July 1.

In a partisan vote of 52 to 45, the Senate failed to reach the 60 votes needed to begin debate on the Democratic bill. Sen. Olympia Snowe (Maine) was the lone Republican to vote "present." A Snowe spokesman told The Huffington Post her vote was related to her practice of voting "present" on legislation that contains the potential or appearance of association with the private business activity of her husband.

The vote wasn't much of a surprise: Republicans have been signaling they would filibuster the bill because of its cost offsets. Democrats would cover the $6 billion cost of keeping student loan interest rates at 3.4 percent for another year by raising Social Security and Medicare payroll taxes on certain high-earners. By contrast, Republicans have called for nixing a preventive health fund to pay for it.

Ultimately, the vote gives Democrats another chance to try to frame Republicans as favoring the wealthy over the middle class in the midst of intensifying election-year politicking.

During debate on the bill, Sen. Tom Harkin (D-Iowa) said Republicans were "afraid" to agree to let it come up for debate because they would be forced to choose between helping college students and protecting the rich.

Yep! that's pretty much the dems game but "It's the economy and we're not stupid."

 

[OohPooPahDoo]

Once again, Republicans show us who they work for. Their hatred of this president and his landmark health care law seeps from their pores. They would rather gut preventive health care funds (part of the ACA) than ask a small percentage of wealthy people to pay a little extra in order to prevent student loan interest rates from doubling.

Student Loan Vote: Republicans Block Bill To Extend Low Interest Rates

WASHINGTON -- Senate Republicans on Tuesday blocked a bill that would have frozen student loan interest rates before they are set to double on July 1.

In a partisan vote of 52 to 45, the Senate failed to reach the 60 votes needed to begin debate on the Democratic bill. Sen. Olympia Snowe (Maine) was the lone Republican to vote "present." A Snowe spokesman told The Huffington Post her vote was related to her practice of voting "present" on legislation that contains the potential or appearance of association with the private business activity of her husband.

The vote wasn't much of a surprise: Republicans have been signaling they would filibuster the bill because of its cost offsets. Democrats would cover the $6 billion cost of keeping student loan interest rates at 3.4 percent for another year by raising Social Security and Medicare payroll taxes on certain high-earners. By contrast, Republicans have called for nixing a preventive health fund to pay for it.

Ultimately, the vote gives Democrats another chance to try to frame Republicans as favoring the wealthy over the middle class in the midst of intensifying election-year politicking.

During debate on the bill, Sen. Tom Harkin (D-Iowa) said Republicans were "afraid" to agree to let it come up for debate because they would be forced to choose between helping college students and protecting the rich.

When its hard to find work people shouldn't be going to school they should be working.

Idiot libruls.

 

[Mr.Nick]

Once again, Republicans show us who they work for. Their hatred of this president and his landmark health care law seeps from their pores. They would rather gut preventive health care funds (part of the ACA) than ask a small percentage of wealthy people to pay a little extra in order to prevent student loan interest rates from doubling.

Student Loan Vote: Republicans Block Bill To Extend Low Interest Rates

WASHINGTON -- Senate Republicans on Tuesday blocked a bill that would have frozen student loan interest rates before they are set to double on July 1.

In a partisan vote of 52 to 45, the Senate failed to reach the 60 votes needed to begin debate on the Democratic bill. Sen. Olympia Snowe (Maine) was the lone Republican to vote "present." A Snowe spokesman told The Huffington Post her vote was related to her practice of voting "present" on legislation that contains the potential or appearance of association with the private business activity of her husband.

The vote wasn't much of a surprise: Republicans have been signaling they would filibuster the bill because of its cost offsets. Democrats would cover the $6 billion cost of keeping student loan interest rates at 3.4 percent for another year by raising Social Security and Medicare payroll taxes on certain high-earners. By contrast, Republicans have called for nixing a preventive health fund to pay for it.

Ultimately, the vote gives Democrats another chance to try to frame Republicans as favoring the wealthy over the middle class in the midst of intensifying election-year politicking.

During debate on the bill, Sen. Tom Harkin (D-Iowa) said Republicans were "afraid" to agree to let it come up for debate because they would be forced to choose between helping college students and protecting the rich.

So in short democrats wanted to raise taxes AGAIN???????

I wonder what else was HIDDEN in the bill???

You fucking idiot progressives really do believe money grows on trees don't you???

I love how you dickheads don't give a fuck how much something costs just as long as it benefits you....

As usual republicans are playing parent while democrats are being children.

What part of "we cant afford this" do democrats NOT understand????

 

[OohPooPahDoo]

So in short democrats wanted to raise taxes AGAIN???????

What do you mean "again"? They've only gone lower under Obama.

 

[DiamondDave]

Hmmm.. voting against 6BIL in spending on something that individuals should be personally responsible for anyway, because it would raise taxation via various means to cover the cost....

And this is a bad thing??

 

[sfcalifornia]

Once again, Republicans show us who they work for. Their hatred of this president and his landmark health care law seeps from their pores. They would rather gut preventive health care funds (part of the ACA) than ask a small percentage of wealthy people to pay a little extra in order to prevent student loan interest rates from doubling.

Student Loan Vote: Republicans Block Bill To Extend Low Interest Rates

WASHINGTON -- Senate Republicans on Tuesday blocked a bill that would have frozen student loan interest rates before they are set to double on July 1.

In a partisan vote of 52 to 45, the Senate failed to reach the 60 votes needed to begin debate on the Democratic bill. Sen. Olympia Snowe (Maine) was the lone Republican to vote "present." A Snowe spokesman told The Huffington Post her vote was related to her practice of voting "present" on legislation that contains the potential or appearance of association with the private business activity of her husband.

The vote wasn't much of a surprise: Republicans have been signaling they would filibuster the bill because of its cost offsets. Democrats would cover the $6 billion cost of keeping student loan interest rates at 3.4 percent for another year by raising Social Security and Medicare payroll taxes on certain high-earners. By contrast, Republicans have called for nixing a preventive health fund to pay for it.

Ultimately, the vote gives Democrats another chance to try to frame Republicans as favoring the wealthy over the middle class in the midst of intensifying election-year politicking.

During debate on the bill, Sen. Tom Harkin (D-Iowa) said Republicans were "afraid" to agree to let it come up for debate because they would be forced to choose between helping college students and protecting the rich.

Only rich people deserve to be educated.

Everyone else should work in factories, digging ditches or forced to join the military.

 

[Conservative]

http://www.nytimes.com/2012/05/09/us/politics/senate-republicans-block-bill-on-student-loan-rates.html

But the Democratic line of attack has been complicated by the House’s actions. Shrugging off a White House veto threat, the House passed an extension of the subsidized rate last month, paid for with the preventive health care fund. Thirteen Democrats voted for the bill, making up for the 30 Republicans who voted no because they opposed federal subsidies for an interest rate they believed should be set by market forces. Those Democratic defections put the House bill over the top and fortified Republican arguments that the Senate Democrats are now to blame for the stalemate.

 

[whitehall]

Serve your Country for a couple of years and get a break on college costs you selfish bastards. Don't expect me to put you through college.

 

[StevenC]

Once again, Republicans show us who they work for. Their hatred of this president and his landmark health care law seeps from their pores. They would rather gut preventive health care funds (part of the ACA) than ask a small percentage of wealthy people to pay a little extra in order to prevent student loan interest rates from doubling.

Student Loan Vote: Republicans Block Bill To Extend Low Interest Rates

WASHINGTON -- Senate Republicans on Tuesday blocked a bill that would have frozen student loan interest rates before they are set to double on July 1.

In a partisan vote of 52 to 45, the Senate failed to reach the 60 votes needed to begin debate on the Democratic bill. Sen. Olympia Snowe (Maine) was the lone Republican to vote "present." A Snowe spokesman told The Huffington Post her vote was related to her practice of voting "present" on legislation that contains the potential or appearance of association with the private business activity of her husband.

The vote wasn't much of a surprise: Republicans have been signaling they would filibuster the bill because of its cost offsets. Democrats would cover the $6 billion cost of keeping student loan interest rates at 3.4 percent for another year by raising Social Security and Medicare payroll taxes on certain high-earners. By contrast, Republicans have called for nixing a preventive health fund to pay for it.

Ultimately, the vote gives Democrats another chance to try to frame Republicans as favoring the wealthy over the middle class in the midst of intensifying election-year politicking.

During debate on the bill, Sen. Tom Harkin (D-Iowa) said Republicans were "afraid" to agree to let it come up for debate because they would be forced to choose between helping college students and protecting the rich.

I thought SS amd Medicare taxes were to pay for those programs, not pet projetcs of senators.
No wonder SS and Medicare will be going broke sooner than expected.

 

[eflatminor]

They would rather...

Yes, that whole keeping interest rates below what the market would charge has worked out so well for the housing industry, why not student loans?

Is there anything in which you wouldn't want the federal government to meddle? Anything?

Oh, and can you please point to the enumerated power in the Constitution that grants the federal government authority over student loans? I can't seem to locate it.

It's up you ass....you know? The place where you keep your head?

Ah, another MENSA member here on our board I see. That's quite the compelling retort...well thought out, specific and backed with logic and reason. Impressive. I bet you were the captain on your high school debating team.

 

[Steelplate]

What I don't get is this......the students aren't getting free money. They are fucking LOANS! That means in addition to the principle, they are currently paying 3.?% interest on their debt. The government is going to collect that original money plus interest. There's no reason to raise taxes OR to cut to pay for this.

Yes...there are students who default.....but even if those people file for bankruptcy, those debts aren't eligible for forgiveness. They will get the money back eventually...they can even garnish wages to collect it.

 

[JakeStarkey]

They would rather...

Yes, that whole keeping interest rates below what the market would charge has worked out so well for the housing industry, why not student loans?

Is there anything in which you wouldn't want the federal government to meddle? Anything?

Oh, and can you please point to the enumerated power in the Constitution that grants the federal government authority over student loans? I can't seem to locate it.

Non Sequitur. Try again or fail.

 

[peach174]

What was in the Democratic bill ?
Dem's wanted to take payroll tax (FICA) from S Corporations to pay for the student loans.
Yep ! 6 Billion for the SSI tax
Repubs wanted to take it from the Health Care Act.
And you think that they are for the people?
This was nothing but a political farce.