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Republicans Filibuster Bill That Would Keep Student Loan Rates Down

Republicans Filibuster Bill That Would Keep Student Loan Rates Down

Speaker of the House John Boehner said recently that there was no need to get worked up over the increase in federal student loan interest rates, as everyone would work together to ensure it didn’t happen.

But apparently “work together” didn’t include every Republican Senator, who all joined together to force the bill off the table, keeping it from getting the 60 votes now required on virtually every piece of legislation that faces the senate get so much as a debate, much less passage.

Once more, the point of contention was how to pay for keeping the rate from doubling — the Democrats plan, which would close a tax loophole on S-Corp businesses, or the Republican plan to take the money from the Affordable Care Act, eliminating preventative care altogether.

Ironically, Republicans are well aware of how unpopular their plan is, and used the filibustering of the Democratic plan to avoid having to possibly vote on their own idea.  The Washington Post reports, “[Democratic Senator Tom] Harkin insisted that Democrats offered Republicans a chance to vote on their version of the measure alongside the Democratic one, if they would agree to allow the Senate to proceed to a full debate on the bill. But Harkin charged that GOP leaders rejected that proffer because they did not want to force their own members to vote to eliminate the preventative care fund.”

Without a vote, the federal interest rate on student loans will double on July 1st.

 

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23 comments

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3:56AM PDT on May 10, 2012

When you try and vote the party of NO out you better make sure that you can vote. Some States have changed their voter registration laws so that even if you wanted to vote you won't be able to. PLEASE CHECK the voter registration laws of the States that you live in NOW, so that you can have the right ID when it comes time to vote. PLEASE tell ALL your friends about this, especially students, seniors, immigrants and the poor. I am sure that the 1% will be flocking to the voting booths so that they can retain their power and money. The 99% had better start THINKING about what will happen if the republicans get in again. For example, no contraceptives which will lead to more people. Right now 7 BILLION PLUS. No abortions even for sick babies, unwanted babies because of rape or incest. No Jobs, undrinkable water because of fracking, war with Iran, no health care. Abstinence programs only, which do not work and many others. Sex Education is needed so that unwanted pregnancy and abortion can be lessened along with STD’S that can KILL your child. So if you don't vote and get as many as you can to vote along with you and the republicans get into power this may and probably will happen. Here is an idea, car pool with a car full to the voting booths (saves gas) and after you vote, have a party and KNOW that you have done your best for your country. Have a designated driver. PLEASE REMEMBER, DON'T DRINK AND DRIVE.

7:57PM PDT on May 9, 2012

Since when are the loans artificially down?

Have you actually LOOKED at the Prime Rate lately, Tamara? It's negative. No one looses anything by keeping student loans at the same rate as, say, mortgages.

5:34PM PDT on May 9, 2012

Tamara - I suppose you'd be on that committee for the university to determine the "usefulness" of the loan request?

But, then, I guess, for you, knowledge is only good if it is monetarily useful.

5:00PM PDT on May 9, 2012

Grades 1-12 teach you to obey. College teaches you to be an obedient debtor. Debt creates fractional money. The GOP works for Bankers, creators of fractional money. Get your RFID chip implanted so you can go to work, be 'paid', and have automatic deductions taken out of your chip. Need a check up? Sorry sir, it seems your chip is overdrawn. I see here that you voted for the wrong candidate in the last election. Oops, it seems your mortgage payment wasn't made, we'll be repossessing your home now. Software never makes a mistake.

2:08PM PDT on May 9, 2012

Thank you :)

1:16PM PDT on May 9, 2012

It's easier to keep the slaves in line if they're busy paying off student debt...

11:44AM PDT on May 9, 2012

I hope there will come a time when America wakes up to the fact that Repugs and Tea Partiers are our own worst enemies. Every decent thing the country needs, they either filibuster or cut funding for. How long is all this c**p going to go on right under our noses before we react?.

10:01AM PDT on May 9, 2012

The GOP—working against and dumbing down the American people since Reagan started ***slashing*** the Education Budget back in the ‘80s. By all means, vote Red, idiots.

9:24AM PDT on May 9, 2012

No surprise here. Knowledge is power so it's in the best interest of this corrupt party to keep people as ignorant and powerless as possible. Like Faux News viewers.

9:03AM PDT on May 9, 2012

Whether you think the rates should be allowed to go up or stay artificially down is one issue. I think the bigger issue is the fact that loans are made for "education" in fields that the student has little hope of becoming gainfully employed.

Here's one solution. Instead of having the gov't back the loans, have it go back to the way it USED TO BE. Make the colleges and universities back the loans. They'd be a bit less cavalier about handing them out!

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