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Wed Jul 10, 2013, 05:57 PM

Republicans Essentialy Vote to Double Interest on Student Loans

Senate Democrats' one-year student loan fix was filibustered Wednesday, with 51 senators voting to move forward with it and 49 senators voting to block it.

The measure would have reverted student loan interest rates to 3.4 percent for one year after they doubled for new loans last week. It would have been funded by scaling back a tax loophole for individual retirement accounts (IRAs) that mostly benefits high earners.

http://livewire.talkingpointsmemo.com/entry/senate-dems-student-loan-plan-fails-due-to?ref=fpb

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Reply Republicans Essentialy Vote to Double Interest on Student Loans (Original post)
arely staircase Jul 2013 OP
11 Bravo Jul 2013 #1
CurtEastPoint Jul 2013 #2
Blanks Jul 2013 #10
GeorgeGist Jul 2013 #3
Scurrilous Jul 2013 #4
Carlpatrick Jul 2013 #5
arely staircase Jul 2013 #6
Carlpatrick Jul 2013 #8
arely staircase Jul 2013 #12
liberal_at_heart Jul 2013 #7
Enrique Jul 2013 #9
bighart Jul 2013 #11

Response to arely staircase (Original post)

Wed Jul 10, 2013, 06:00 PM

1. To be fair, they had already pissed off all of the Latino and women voters. What was left ...

other than going after college students?

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Response to arely staircase (Original post)

Wed Jul 10, 2013, 06:00 PM

2. Again... how does 49 trump 51? Please explain to me.

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Response to arely staircase (Original post)

Wed Jul 10, 2013, 06:02 PM

3. Thanks Harry.

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Response to GeorgeGist (Reply #3)

Wed Jul 10, 2013, 06:09 PM

4. Yes, he's the one who should be singled out for scorn.

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Response to arely staircase (Original post)

Wed Jul 10, 2013, 06:22 PM

5. Actually....

 

the rates were reduced in '08-'09 from the 6.8%...Dem House and Senate...could have made the lower rates , the 3+% permanent.....of course you all know why the Dem's didn't even after Obama was sworn in...gave the loan rates an expiration prior to the '14 mid-term.

I get the game....and people fall for it.

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Response to Carlpatrick (Reply #5)

Wed Jul 10, 2013, 06:25 PM

6. and now they are trying to extend the lower rates and the republicans oppose it

nt

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Response to arely staircase (Reply #6)

Wed Jul 10, 2013, 08:27 PM

8. Again...

 

Democrats ALSO voted to allow the rates to revert to the previous rates....did you read the votes total?
Wasn't R's that killed lower rates. They didn't propose the rate or the Sunset provision.

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Response to Carlpatrick (Reply #8)

Fri Jul 12, 2013, 02:27 PM

12. Again, Dems wanted to extend the lower rates and the Republicans blocked it

therefore, Republicans effectively doubled interest on student loans.

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Response to Carlpatrick (Reply #5)

Wed Jul 10, 2013, 06:26 PM

7. The 1% control the pieces, and we lose the game.

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Response to Carlpatrick (Reply #5)

Thu Jul 11, 2013, 12:25 PM

9. maybe so

I share the attitude in this post, but some links would help, as well as a coherent argument.

And as far as the motivation of Congress in 2009 being the 2014 midterms, that sounds implausible to me, certainly not "we all know".

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Response to arely staircase (Original post)

Fri Jul 12, 2013, 07:56 AM

11. From the link:

"Senate Democrats have been divided over how to proceed. Three of them partnered with Republicans to cosponsor an alternate proposal with a permanent fix, which ties the interest rate to the 10-year Treasury note, with some adjustments. That plan resembles proposals put forth by the White House and passed by the House."

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