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GOP Blocks Senate Debate On Dem Student Loan Bill

Posted by Soulskill on from the can't-even-agree-to-disagree dept.

TheGift73 writes with this quote from an AP report: "Senate Republicans blocked a Democratic bill Tuesday to preserve low interest rates for millions of college students' loans, as the two parties engaged in election-year choreography aimed at showing each is the better protector of families in today's rugged economy. The 52-45 vote to begin debating the legislation fell eight votes short of the 60 needed to proceed and stalled work on an effort both parties expect will ultimately produce a compromise, probably soon. For now, each side is happy to use the stalemate to snipe at the other with campaign-ready talking points while they are gridlocked over how to cover the $6 billion cost."

2 of 834 comments (clear)

  1. The GOP is doing them a favor by MikeRT · · Score: 5, Informative

    Let's consider what college now means for many millennials:

    1) Get a degree with minimal job applicability.
    2) Go tens of thousands in dollars into debt to get it.
    3) Get a job that requires no more skills than the degree imparted (and that pays ~$10/hour or less)
    4) Find out that the federal government and private lenders put in all sorts of riders ranging from rising costs of holding the debt, to "we can arrest you if you are delinquent on your federal loan."

    Anyone advocating making it easier to fall into the student loan trap is morally analogous to a drug dealer.

  2. Re:Obama knows how to play politics if anything. by im_thatoneguy · · Score: 5, Informative

    I'll take the $250 billion deficit and continue working within the party to reduce that number over the $1500 billion with no chance of having any effect whatsoever. So tell me, who is the fool?

    Ummm, the deficit is largely the result of an economic collapse preceded by said control of legislature and executive branch.

    That's like blaming the firefighters for all of your property destruction when the arson is the one who lit the fire. "Water damage in my house has increased 500% since the firefighters showed up!"

    You can attempt to solve a deep recession through stimulus and tax cuts. BOTH cause deficits and BOTH cost money.

    The GOP lit the deficit fire and now they're blaming the people who are saddled with fixing it.

    http://3.bp.blogspot.com/-DTVAKoOCx_A/TmeDk3PCsqI/AAAAAAAAEI8/Jn-l5tyOcI0/s1600/Fiscal%2BMess%2Bwith%2BBush%2BTax%2BCuts.JPG