jhofficial
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House bill would kill subsidized student loansBy LIBBY QUAID, AP Education Writer Libby Quaid, Ap Education Writer
Thu Sep 17, 4:29 am ET
WASHINGTON – The House is poised to vote to push private lenders out of the federal college loan business and massively expand the government's own lending program.
Lawmakers debated a student aid bill Wednesday that has widespread support, including from the White House. The measure is expected to win passage Thursday and go next to the Senate.
Proponents of putting the government in charge of all federal loans say it would save an estimated $87 billion, though this figure has been disputed.
The money would boost Pell Grants for needy students and pay for a new college completion fund, community college reforms and more college aid for veterans.
"No student in this great country of ours should have to mortgage their future to pursue their dreams," said the bill's sponsor, California Democratic Rep. George Miller, chairman of the House Education and Labor Committee.
Yet the money also would be spent on things that don't help pay for college, such as construction at K-12 schools and new preschool programs.
And while the measure would increase Pell Grants, it would do nothing to curb college costs, which rise much faster than Pell Grants do.
Changes in federal student aid would fulfill a campaign promise by President Barack Obama and transform a long-standing partnership between the government and the private sector.
Republican critics argue it is wrong to put the government in near-total control of student lending.
"Ask yourselves whether another government takeover is what we need right now," said Minnesota Rep. John Kline, senior Republican on the Education Committee.
Many also worry about job losses in their districts.
The measure would end the subsidized loan program under which private lenders made $56 billion in loans backed by the government to more than 6 million students last year, compared with $14 billion in direct loans from the government. Private lenders employ more than 30,000 people whose jobs depend on the subsidized loan program, and the industry says many would be laid off.
Sallie Mae employees have been trying to involve local leaders in the issue and recently held a series of town hall meetings and petition drives in Pennsylvania, Florida, Delaware, New York and Indiana.
Sallie Mae, the biggest student loan provider, has about 8,500 employees in the program. It still will have contracts to service federal loans but would probably lay off about 30 percent of those workers.
Democratic Rep. David Wu of Oregon said lenders still could make all the loans they want. "What will not happen anymore is making those student loans with taxpayer subsidies," he said.
As consumers, college students probably wouldn't notice any difference in their loans, which they would get through their schools. Broadly speaking, the bill doesn't do much to make loans cheaper or help pay them off.
It does keep interest rates for some federal loans — those based on need — from jumping from 3.4 percent currently to 6.8 percent as scheduled in 2012. Interest rates for most other loans would remain at 6.8 percent.
Under the measure, Pell Grants would rise slightly more than inflation over the next decade, increasing on average by about 2.6 percent yearly, according to the bill's sponsors.
The bill marks the first time lawmakers have ever agreed to a long-term annual increase in the program. Pell Grants have always depended on annual spending bills and on occasion have stayed flat or been cut when lawmakers came under pressure to reduce spending.
However, the bill does not actually change the situation. Obama originally proposed to take Pell Grants out of lawmakers' hands entirely, making the program an entitlement like Social Security and Medicare, which would have cost an estimated $117 billion — more than lawmakers have to spend
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jhofficial
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Are they gonna take over everything? Is there gonna be any private business left?
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Roostercogburn
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| jhofficial wrote: | | Are they gonna take over everything? Is there gonna be any private business left? |
Don't you feel yourself getting stupider with every post?
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THE CURE
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Impossible. He's already on the bottom. 
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jhofficial
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| Roostercogburn wrote: | | jhofficial wrote: | | Are they gonna take over everything? Is there gonna be any private business left? |
Don't you feel yourself getting stupider with every post? |
Please tell me oh wise one what is so stupid with not wanting the government miss manging everything is this country?
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Roostercogburn
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| jhofficial wrote: | | Roostercogburn wrote: | | jhofficial wrote: | | Are they gonna take over everything? Is there gonna be any private business left? |
Don't you feel yourself getting stupider with every post? |
Please tell me oh wise one what is so stupid with not wanting the government miss manging everything is this country? |
Well let's just let the good "honest" people who ran Enron, Lehman Brothers, Citigroup, Bank of America, General Motors, Chrysler, (I could go on. but you get the point) run this country. We will all be in breadlines, except there won't be any bread.
Since you disagree with everything that "Obumaluma" does, who do you think should run the country JH?.
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jhofficial
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| Roostercogburn wrote: | | jhofficial wrote: | | Roostercogburn wrote: | | jhofficial wrote: | | Are they gonna take over everything? Is there gonna be any private business left? |
Don't you feel yourself getting stupider with every post? |
Please tell me oh wise one what is so stupid with not wanting the government miss manging everything is this country? |
Well let's just let the good "honest" people who ran Enron, Lehman Brothers, Citigroup, Bank of America, General Motors, Chrysler, (I could go on. but you get the point) run this country. We will all be in breadlines, except there won't be any bread.
Since you disagree with everything that "Obumaluma" does, who do you think should run the country JH?. |
Me, you and even Cure. The same ones who made the country great. THE PEOPLE, not the governement.
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THE CURE
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Before the government stepped in you had very wealthy Americans like the Vanderbilts, Gettys, and Astors and very poor Americans like the majority of our great grand parents. The government leveled the playing field by enabling collective bargaining and the G.I. Bill. It provided security for our seniors with Social Security and Medicare and it provided Civil Rights for everyone. All of these things helped create the middle class. The middle class is what makes the United States great.
Some of the most disturbing signs that I saw at the tea bagger rally were the one's promoting the "country that our fore-fathers envisioned" or the country I grew up in. Our fore-fathers founded a society that condoned and legalized the instiution of slavery, a mistake long since corrected. The society many of these people grew up in still had seperate drinking fountains for whites and "coloreds". Where would we be if government had "stayed out" and let things run its course Jh?
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Roostercogburn
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| Quote: | | Me, you and even Cure. The same ones who made the country great. THE PEOPLE, not the governement. |
We bash the politicians at every opportunity on this board and they bash each other. If they didn’t, we wouldn’t know whom to vote against in the next election. They know we don’t like any of them, and would never on purpose, vote for any of them. So elections are fought only on the basis of who we hate most and that will be decided on the basis of who bashes their opponent best.
Just about every American has figured out by now that neither democrats or republicans intend to be productive in Washington once elected anyway. Face it, we have been talking about and voting on the same old issues over and over for years now and no matter who is elected, the same issues will be back on the campaign trail in the next election cycle. Nothing really ever changes, except unlike wine, none of our problems seem to get better with age.
Let’s be honest with ourselves for a minute. We are anti-government, anti-business, anti-life, anti-death, anti-abortion, anti-choice, anti-white, anti black, anti-rich, anti-poor, anti-heterosexual, anti-homosexual, anti-morality, anti-socialist, anti religion, anti-security, anti-sovereignty, anti-freedom, anti-liberty, and generally anti-American.
Let’s not leave out all the other useless idiot parties now - it just wouldn’t be “fair and balanced”. We have the Green Party, who is left of MoveOn.org and the the Socialist Party USA. We have the Libertarian Party, which is the party of fiscal neocons, social progressives and national security isolationists. We have the Independent Party, made up of people who can’t make up their minds where they stand on anything. There are more, but they are all worthless and none of them can win a national office anyway.
The funny thing is – no matter our differences, there is one thing we all agree on. What ever is wrong with our country, and opinions vary, we all know for certain that none of it is in any way our fault.
Second only to rich white capitalist guys, politicians are the most hated group in America today and it doesn’t really matter what party they belong to. But it seems time to ask the trillion dollar question here. What came first, the do-nothing blame-everyone chickens running our government, or the egg-headed idiots who keep electing them to office for all the wrong reasons?
In a country designed to be run by, of and for the people, how is it we escape personal responsibility for the outcome of our own actions, or in the case of the mostly silent moral majority in America, our inaction, and either way, the condition of our country?
Democrats have been handed their ass over and over in the last several election cycles until last year. Conservatives thought they elected old Republicans to office to clean-up the stench left over from the Clinton panty-raid era, only to find out that they actually elected spineless Republicrats who lack the intestinal fortitude to stomach the bellyaching of the left long enough to get done what we sent them to do. Now their agenda and their constituency is in a free-fall towards complete extinction.
Maybe the GOP should just change its name from Republican Party to Fox Party. Fox, after all, is the brand that has consumer appeal, at least in a select demographic. And really, the policies wouldn't have to change one iota.
The polls only say one thing of any real importance and that message is, the American people don’t like or trust any of them and the more they bash each other in an effort to become the least despised, the more the American people despise them all
Kicking politicians is one of my favorite pastimes too. But sooner or later, don't we have to claim personal responsibility for the country "we" were supposed to govern? It struck me recently that the only way we can blame politicians for everything is if we allow them to become responsible for controlling everything. Isn't this the cart ahead of the horse right from the start?
We are supposed to be a "representative" government and those "representatives" must be held accountable for "representing" us, the people who elected them. But seriously, don't you think our current crop in Washington is really no better or worse than the society who elected them, and therefore, really pretty "representative" of that society?
My point isn’t that we should accept what we have in Washington. My point is - we must accept responsibility for what we have in Washington. Today, even people who believe that government isn’t (or shouldn't be) in charge of anything, holding them responsible for everything, as though we had no part in the making of this mess.
If we are to have any part in fixing this mess, we must first claim at least some personal responsibility for how we got here. That’s why all political pundits attempt to talk directly to the people.
The silent moral majority of Americans can not remain silent and expect their interests to be represented in Washington. Over the last 60 years, what voice in America has been louder than the voice demanding government solutions to individual challenges? The people have been begging their government to get involved in an endless stream of individual challenges and at the same time, asking the government to reduce its spending habit and the ever stronger grip on what are supposed to be private resources needed to fund such an effort.
Asking the government for help is like asking a drug dealer for drugs. We are only going to get more addicted and they are never going to say no. The government must grow every time they say yes, no matter the request. Politicians can’t say no, if they want to be elected. That’s why campaign war rooms work around the clock to figure out which government freebie’s bring in the most votes. That’s why the campaign stumps are filled with wonderful promises of gifts from the treasury.
We need to figure out that corporations employ people and that they never pay taxes no matter how many taxes are imposed upon them. Every penny of corporate tax is passed on to consumers in the form of higher retail prices. Corporations collect and remit taxes, they don’t pay taxes, consumers do and until politicians figure that out, they will keep demanding higher retail prices through higher corporate taxes. Yes, that includes your gas at the pumps.
When the voice for smaller fiscally responsible less intrusive government becomes louder than all the requests (votes) for money from the treasury, the politicians who we think are not listening will hear that voice. But until then, they will continue to say yes to every request because that’s where the political power is, in the money from the treasury that buys the winning votes.
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jhofficial
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| THE CURE wrote: | Before the government stepped in you had very wealthy Americans like the Vanderbilts, Gettys, and Astors and very poor Americans like the majority of our great grand parents. The government leveled the playing field by enabling collective bargaining and the G.I. Bill. It provided security for our seniors with Social Security and Medicare and it provided Civil Rights for everyone. All of these things helped create the middle class. The middle class is what makes the United States great.
Some of the most disturbing signs that I saw at the tea bagger rally were the one's promoting the "country that our fore-fathers envisioned" or the country I grew up in. Our fore-fathers founded a society that condoned and legalized the instiution of slavery, a mistake long since corrected. The society many of these people grew up in still had seperate drinking fountains for whites and "coloreds". Where would we be if government had "stayed out" and let things run its course Jh? |
The government agencies were dragged along kicking and screaming towards the civil rights movements. Most being good southern Democrats like yourself.
There must be some traumatic racial indiscretions on your behalf in the past for this to be the focus of your thought process. Can you please come up with anything other than race or some give away programs that the government is responsible for that in your opinion actually worked?
The Fed Government, mostly democrats are solely responsible for tearing down the middle class.
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jhofficial
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| Roostercogburn wrote: | | Quote: | | Me, you and even Cure. The same ones who made the country great. THE PEOPLE, not the governement. |
We bash the politicians at every opportunity on this board and they bash each other. If they didn’t, we wouldn’t know whom to vote against in the next election. They know we don’t like any of them, and would never on purpose, vote for any of them. So elections are fought only on the basis of who we hate most and that will be decided on the basis of who bashes their opponent best.
Just about every American has figured out by now that neither democrats or republicans intend to be productive in Washington once elected anyway. Face it, we have been talking about and voting on the same old issues over and over for years now and no matter who is elected, the same issues will be back on the campaign trail in the next election cycle. Nothing really ever changes, except unlike wine, none of our problems seem to get better with age.
Let’s be honest with ourselves for a minute. We are anti-government, anti-business, anti-life, anti-death, anti-abortion, anti-choice, anti-white, anti black, anti-rich, anti-poor, anti-heterosexual, anti-homosexual, anti-morality, anti-socialist, anti religion, anti-security, anti-sovereignty, anti-freedom, anti-liberty, and generally anti-American.
Let’s not leave out all the other useless idiot parties now - it just wouldn’t be “fair and balanced”. We have the Green Party, who is left of MoveOn.org and the the Socialist Party USA. We have the Libertarian Party, which is the party of fiscal neocons, social progressives and national security isolationists. We have the Independent Party, made up of people who can’t make up their minds where they stand on anything. There are more, but they are all worthless and none of them can win a national office anyway.
The funny thing is – no matter our differences, there is one thing we all agree on. What ever is wrong with our country, and opinions vary, we all know for certain that none of it is in any way our fault.
Second only to rich white capitalist guys, politicians are the most hated group in America today and it doesn’t really matter what party they belong to. But it seems time to ask the trillion dollar question here. What came first, the do-nothing blame-everyone chickens running our government, or the egg-headed idiots who keep electing them to office for all the wrong reasons?
In a country designed to be run by, of and for the people, how is it we escape personal responsibility for the outcome of our own actions, or in the case of the mostly silent moral majority in America, our inaction, and either way, the condition of our country?
Democrats have been handed their ass over and over in the last several election cycles until last year. Conservatives thought they elected old Republicans to office to clean-up the stench left over from the Clinton panty-raid era, only to find out that they actually elected spineless Republicrats who lack the intestinal fortitude to stomach the bellyaching of the left long enough to get done what we sent them to do. Now their agenda and their constituency is in a free-fall towards complete extinction.
Maybe the GOP should just change its name from Republican Party to Fox Party. Fox, after all, is the brand that has consumer appeal, at least in a select demographic. And really, the policies wouldn't have to change one iota.
The polls only say one thing of any real importance and that message is, the American people don’t like or trust any of them and the more they bash each other in an effort to become the least despised, the more the American people despise them all
Kicking politicians is one of my favorite pastimes too. But sooner or later, don't we have to claim personal responsibility for the country "we" were supposed to govern? It struck me recently that the only way we can blame politicians for everything is if we allow them to become responsible for controlling everything. Isn't this the cart ahead of the horse right from the start?
We are supposed to be a "representative" government and those "representatives" must be held accountable for "representing" us, the people who elected them. But seriously, don't you think our current crop in Washington is really no better or worse than the society who elected them, and therefore, really pretty "representative" of that society?
My point isn’t that we should accept what we have in Washington. My point is - we must accept responsibility for what we have in Washington. Today, even people who believe that government isn’t (or shouldn't be) in charge of anything, holding them responsible for everything, as though we had no part in the making of this mess.
If we are to have any part in fixing this mess, we must first claim at least some personal responsibility for how we got here. That’s why all political pundits attempt to talk directly to the people.
The silent moral majority of Americans can not remain silent and expect their interests to be represented in Washington. Over the last 60 years, what voice in America has been louder than the voice demanding government solutions to individual challenges? The people have been begging their government to get involved in an endless stream of individual challenges and at the same time, asking the government to reduce its spending habit and the ever stronger grip on what are supposed to be private resources needed to fund such an effort.
Asking the government for help is like asking a drug dealer for drugs. We are only going to get more addicted and they are never going to say no. The government must grow every time they say yes, no matter the request. Politicians can’t say no, if they want to be elected. That’s why campaign war rooms work around the clock to figure out which government freebie’s bring in the most votes. That’s why the campaign stumps are filled with wonderful promises of gifts from the treasury.
We need to figure out that corporations employ people and that they never pay taxes no matter how many taxes are imposed upon them. Every penny of corporate tax is passed on to consumers in the form of higher retail prices. Corporations collect and remit taxes, they don’t pay taxes, consumers do and until politicians figure that out, they will keep demanding higher retail prices through higher corporate taxes. Yes, that includes your gas at the pumps.
When the voice for smaller fiscally responsible less intrusive government becomes louder than all the requests (votes) for money from the treasury, the politicians who we think are not listening will hear that voice. But until then, they will continue to say yes to every request because that’s where the political power is, in the money from the treasury that buys the winning votes. |
Who wrote that for you? LMAO
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Roostercogburn
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| Quote: | | The Fed Government, mostly democrats are solely responsible for tearing down the middle class. |
Maytag is closing it's plant in Indiana where the workers are paid some $15 an hour, and opening in Mexico where they pay less than $1 an hour. Every night I watch just to see which companies are heading overseas. The list is Very Long !! We have lost over 3 million jobs over the last 3 years to China and Mexico. Bush wanted to allow all 10 to 12 Million illegal aliens that are currently working or whatever in the US something like an amnesty. He didn't call it that, he called it more like job matching (what kind of language is this ?) so that the employers can hire the workers at low wages, and eventually they will become US citizens. Of course, this will drive down the average wage in the country. Do Republicans seem to care ? Nope. If we sent them all home, then maybe we would have jobs for the Real Americans. What lopsided logic ! So much for border security. Fingerprints at the Canadian border, and a free pass if they can run fast enough at the Mexican border. Even the border guards are confused. Really ?? Why is that ?? The Mexicans that came to the US legally are pissed. A lot of people were against this whole idea, claiming he was only doing this to gain more Hispanic votes. My point is that it seems that the US is deliberately trying to wipe out the middle class, and what will be left ? Poverty and wealth. Who's going to pay the taxes ? What the hell are they thinking (or smoking) in Washington ? Economics says NAFTA isn't working properly. Hello !! I am in favor of Free Trade, but it has to be Fair trade as well. At least that makes sense to me. The US is going to be in trouble for the next several years.
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Outsider
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I'll stay out of this one, except to say, "JH you better get up with Fly" you need all the help you can muster. LOL
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jhofficial
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| Outsider wrote: | | I'll stay out of this one, except to say, "JH you better get up with Fly" you need all the help you can muster. LOL |
We all need help
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THE CURE
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| jhofficial wrote: |
The Fed Government, mostly democrats are solely responsible for tearing down the middle class. |
You are the Glenn Beck of RoRap.net.
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jhofficial
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| THE CURE wrote: | | jhofficial wrote: |
The Fed Government, mostly democrats are solely responsible for tearing down the middle class. |
You are the Glenn Beck of RoRap.net. |
I'm not even close. But I take it as a complement to even be compared.
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THE CURE
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Don't sell yourself short. You're right there.
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jhofficial
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| THE CURE wrote: | | Don't sell yourself short. You're right there. |
Well TY that means the world to me.
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THE CURE
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By the way, this is great news for students.
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