GOP playing chicken with college loans | TigerDroppings.com

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ottothewise
LSU Fan
Member since Sep 2008
32094 posts

GOP playing chicken with college loans


what's the O/U on whether the GOP allows interest rates to go up for existing college loans.

quote:

President Obama is urging lawmakers to put politics aside and pass legislation to fund transportation projects and extend low-rate student loans, saying there is "no excuse for inaction."
"We are seven days away from thousands of American workers having to walk off the job because Congress hasn't passed a transportation bill. We are eight days away from nearly seven and a half million students seeing their loan rates double because Congress hasn't acted to stop it," the president said in his weekly address. "This makes no sense."
"This is a time when we should be doing everything in our power - Democrats and Republicans - to keep this recovery moving forward," he added.
The administration, Democrats and Republican lawmakers want to prevent interest rates on a popular student loan from doubling on July 1, but remain deadlocked over how to pay for it. As for the transportation authorization bill, the president said his administration and the Senate have done their part to get construction projects moving again.
"Now, it's up to the House to follow suit, to put aside partisan posturing, end the gridlock and do what's right for the American people," he said.
"It's not lost on any of us that this is an election year," Obama said. "But we've got responsibilities that are bigger than an election. We answer to the American people and they are demanding action. Let's make it easier for students to stay in college. Let's keep construction workers rebuilding our roads and bridges. And let's tell Congress to do their job."


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udtiger
LSU Fan
Louisiana
Member since Nov 2006
22481 posts

re: GOP playing chicken with college loans


Funny...pretty sure the House passed a bill that would prevent the increase in the last week or so. So it seems like Obama and Reid are the ones "playing chicken".





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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31430 posts

re: GOP playing chicken with college loans


Damn Otto your Prez had two years with Congress in his control, but nothing was done by them Re this great matter. Now go to the nurses and get the meds.





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Bestbank Tiger
Tulane Fan
Landmass
Member since Jan 2005
18476 posts

re: GOP playing chicken with college loans


More propaganda by Otto. As UD pointed out, the GOP already passed a bill to keep student loan rates where they are. Dirty Harry is the one obstructing it.





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Holden Caulfield
LSU Fan
Hanging with J.D.
Member since May 2008
5692 posts

re: GOP playing chicken with college loans


quote:

"It's not lost on any of us that this is an election year," Obama said.

Honestly, I didn't think bipartisan barry had even noticed he was up for reelection this year. I mean with the way he goes about doing the business of the people while forgoing fundraising events, endless campaigning and embarrassing pandering.

The man is almost selfless to a fault






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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31430 posts

re: GOP playing chicken with college loans


Tis a good thing my mouth was on empty as the effects of would have made me have the need to clean the monitor.





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MFn GIMP
LSU Fan
Owensboro, Kentucky
Member since Feb 2011
8303 posts

re: GOP playing chicken with college loans


Hey look, Otto is full of shite once again. LINK

Oh and who was in charge of Congress when legislation was passed to lower rates for a year and then have them revert back to the original 6.8%? Why, it was the Democrats. LINK

quote:

How it got to this point: Subsidized student loan interest rates used to be 6.8%. But when Democrats took over the House in 2007, they passed phased-in cheaper rates for subsidized student loans. The rates fell to the current low of 3.4% for subsidized Stafford loans this past school year. The rates are scheduled to revert back to 6.8% for the 2012-2013 school year.


Seems like a rather blatant political game don't you think?






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gatorrocks
Florida Fan
Lake Mary, FL
Member since Oct 2007
8162 posts

re: GOP playing chicken with college loans


Otto. Why do you even try anymore? You clearly suck at this game.





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dewster
Maryland Fan
Tennessee
Member since Aug 2006
8740 posts

re: GOP playing chicken with college loans


Wow...democrats are playing games with student loans.

That's pretty shady.

BTW Otto, the link is bad on your OP



This post was edited on 6/23 at 12:32 pm


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Tim
LSU Fan
Texas
Member since Jan 2005
6008 posts

re: GOP playing chicken with college loans


Perhaps everyone doesn't need or want a college degree...regardless of what happens we will need construction workers, mechanics, electricians, plumbers, etc., most of this is learned on the job...Otto, you and your kind need to get your head out of your arse and understand how the world operates...





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gatorrocks
Florida Fan
Lake Mary, FL
Member since Oct 2007
8162 posts

re: GOP playing chicken with college loans


quote:

Perhaps everyone doesn't need or want a college degree

I think a good number of degrees are worthless. There are degrees where you work in what you study but then there are degrees like English Lit, Sociology, Psychology (only undergrad), Biology, Music, etc that are worth less than the paper they are printed on.

Advanced degrees in some of the above are OK but I can't believe some of the shite kids study and expect to go out and find a job in.

They REALLY need to start giving out loans to those who will be able to afford the loans after they graduate. Stop giving 50k to a student studying Russian Literature.







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drexyl
LSU Fan
Mingovia
Member since Sep 2005
14712 posts

re: GOP playing chicken with college loans


quote:

Hey look, Otto is full of shite once again


The republicans alternative is waging a war on women

LINK






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dewster
Maryland Fan
Tennessee
Member since Aug 2006
8740 posts

re: GOP playing chicken with college loans


Wow. Anderson Cooper owned the MoveOn guy for insisting that there is a war on women.





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MFn GIMP
LSU Fan
Owensboro, Kentucky
Member since Feb 2011
8303 posts

re: GOP playing chicken with college loans


Hey Otto, if keeping student loan interest rates at 3.4% is so important why didn't the Democratic controlled Congress make that rate permanent back in 07? Why did they pass a gradual reduction over a course of 4 years, the first of which took place in a Presidential election year, and then have it revert to the original 6.8%, also in a Presidential election year?





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drexyl
LSU Fan
Mingovia
Member since Sep 2005
14712 posts

re: GOP playing chicken with college loans


quote:

Why did they pass a gradual reduction over a course of 4 years, the first of which took place in a Presidential election year, and then have it revert to the original 6.8%, also in a Presidential election year?
quote:

"It's not lost on any of us that this is an election year," Obama said.






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Bestbank Tiger
Tulane Fan
Landmass
Member since Jan 2005
18476 posts

re: GOP playing chicken with college loans


quote:

Wow...democrats are playing games with student loans.

That's pretty shady.


Pretty clever scam. Obstruct the GOP bill that would maintain the lower rate, then blame the GOP for the Democrats' actions. After all, according to the partisan stereotypes the GOP would want the rates to go up, and they're hoping most people don't pay attention to the facts.






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themunch
LSU Fan
Moultrie Ga
Member since Jan 2007
8476 posts
 Online 

re: GOP playing chicken with college loans


Pretty clever scam. Obstruct the GOP bill that would maintain the lower rate, then blame the GOP.

Then use executive power because Congress did not do their job.

Hussein say 'I got the Power in me'






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GCTIDER
Alabama Fan
Mississippi
Member since May 2012
964 posts

re: GOP playing chicken with college loans


So yall are saying utto is wrong?? Shocking lol





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