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bradysmanboobs
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DSBUX
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Buckeye Warrior
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zeke_tolliver
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bradysmanboobs said...
by subsidizing lower student loan interest rates. Our country is broke and we can no longer afford this and never really could. It's long overdue for the democrats (the party of special interests) to stop buying votes with other peoples money. Let the rates rise!
I must admit though, as a conservative, I am disgusted that Bush signed these lower rates into law. It's good to see current republicans have a sense of fiscal responsibility and don't want to extend the lower rates.
http://www.marketwatch.com/story/obama-calls-for-action-on-student-loan-rates-2012-04-21
By Sam Mamudi, MarketWatch NEW YORK (MarketWatch) — President Barack Obama has called on Congress to prevent a doubling in federal student loan interest rates.
In his weekly radio and Internet address Saturday, Obama linked student loan rates and college affordability to economic prosperity.
The address was part of what the New York Times said on Friday would be a sustained effort through the spring to prevent student loan rates from doubling to 6.8%. The Times noted that critics point to a Congressional Budget Office estimate which showed that keeping rates low would cost $6 billion in the coming year.
Click to Play Does tea party have a second act?Tough challenges to Republican Sens. Orrin Hatch and Richard Lugar will signal whether tea-party activists and their allies still have the power they wielded in 2010. Photo: Reuters In his address, Obama was clear about his view of the importance of extending the reduced rate, which has been in place for four years, and was signed into law by President George W. Bush.
“We should be doing everything we can to put higher education within reach for every American,” said Obama. “It’s never been more important ... it’s also never been more expensive ... for the first time, Americans owe more on their student debt than on their credit cards.”
Arguing that higher education is “an economic imperative” Obama said that without congressional action, on July 1 interest rates on student loans will double for nearly 7.5 million people.
“It would be a tremendous blow, and it’s completely avoidable,” he added.
Obama said Republicans haven’t cooperated with his efforts to make college more affordable, preferring instead to focus on tax cuts for the wealthy.
“We cannot build an America where a shrinking number of people do really well while a growing number of people struggle to get by,” he said.
minsterbuckeye
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ng164300 said...
Letting those rates double would be catastrophic. That would mean there would be a huge amount of people who could no longer afford to go to college. $6 billion a year to make college more affordable is a great investment. Yes, we need to cut spending but making college unaffordable is a horrible way to achieve it.
minsterbuckeye
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minsterbuckeye said...
tell OBAMA to do something about the COST of a college education....a baby born today might be paying around $250,000 for the the experience of going to a public university.....and sorry it's just not Obama, IT"S ALL POLITICIANS....just like healthcare---the POLITICIANS need to do something about the COST OF HEALTHCARE......
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RecruitingFreak
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McCague said...
It was buying votes, plain and simple. That surplus must have looked like the pot at the end of the rainbow for Carl Rove.
I didn't look at it as a refund. Look where it got us. Even my apolitical wife could see it coming. Look what that surplus could have done for us. It would have at least paid for two unfunded wars. And never mind roads, bridges, schools, Social Security, Medicare, etc., etc. I present the national debt we are now experiencing as exhibit one. It's easy for conservatives to cry about the "Obama debt" now, but they have selective memory concerning its roots.
Buckeye Warrior
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AtlantaBuck
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ng164300 said...
Letting those rates double would be catastrophic. That would mean there would be a huge amount of people who could no longer afford to go to college. $6 billion a year to make college more affordable is a great investment. Yes, we need to cut spending but making college unaffordable is a horrible way to achieve it.
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gpracer73 said...
But how is this making college affordable? I dont get that argument?
this does nothing to get to the root cause of a affordable education, it really reads to me as another bailout without fixing the root cause.
Much like the school funding issue in Ohio, how many years has it been and how many different leaders from both sides have we had that have done absolutely nothing to fix school funding?
Once again, it is more important to our supposed leaders to get re elected than it is to actually fix something
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pro nonexpert47380
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pro nonexpert47380
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bradysmanboobs said...
by subsidizing lower student loan interest rates. Our country is broke and we can no longer afford this and never really could. It's long overdue for the democrats (the party of special interests) to stop buying votes with other peoples money. Let the rates rise!
I must admit though, as a conservative, I am disgusted that Bush signed these lower rates into law. It's good to see current republicans have a sense of fiscal responsibility and don't want to extend the lower rates.
http://www.marketwatch.com/story/obama-calls-for-action-on-student-loan-rates-2012-04-21
By Sam Mamudi, MarketWatch
NEW YORK (MarketWatch) — President Barack Obama has called on Congress to prevent a doubling in federal student loan interest rates.In his weekly radio and Internet address Saturday, Obama linked student loan rates and college affordability to economic prosperity.
The address was part of what the New York Times said on Friday would be a sustained effort through the spring to prevent student loan rates from doubling to 6.8%. The Times noted that critics point to a Congressional Budget Office estimate which showed that keeping rates low would cost $6 billion in the coming year.
Click to Play Does tea party have a second act?Tough challenges to Republican Sens. Orrin Hatch and Richard Lugar will signal whether tea-party activists and their allies still have the power they wielded in 2010. Photo: Reuters
In his address, Obama was clear about his view of the importance of extending the reduced rate, which has been in place for four years, and was signed into law by President George W. Bush.“We should be doing everything we can to put higher education within reach for every American,” said Obama. “It’s never been more important ... it’s also never been more expensive ... for the first time, Americans owe more on their student debt than on their credit cards.”
Arguing that higher education is “an economic imperative” Obama said that without congressional action, on July 1 interest rates on student loans will double for nearly 7.5 million people.
“It would be a tremendous blow, and it’s completely avoidable,” he added.
Obama said Republicans haven’t cooperated with his efforts to make college more affordable, preferring instead to focus on tax cuts for the wealthy.
“We cannot build an America where a shrinking number of people do really well while a growing number of people struggle to get by,” he said.
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goby said...
You, Minsterbuck, Buckeyewarrior and all the rest of you absolute idiots should have your head examined. EDUCATION is societies great equalizer! You are basically saying we are so broke that we cannot afford an investment in our future??? This is why conservatives are just dumb people. You buy into this whole deficit thing to the point that you want to eliminate our future. We dont need a planet in the future, we dont need an intelligent workforce so that we have people we can, we dont need bridges, roads or rails so that businesses can get their goods and products where they need to go. We need to stop abortion, but we need to end all the programs that help babies grow up healthy and educated. You say you are pro business, but you dont want to pay for any of the things that businesses need to prosper.
You are just a bunch of freakin morons. You have let Fox news and Rush and anybody else convince you that literally there is not future for this country because we cant spend A DIME. You have to invest to GROW!!!!
minsterbuckeye
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pro non-expert said...
Some good links to put things in perspective:
http://www.facebook.com/video/video.php?v=105189922834577&ref=mf
http://www.theonion.com/articles/like-hell-im-going-to-let-some-black-president-hel,11509/
http://www.theonion.com/articles/mitt-romney-haunted-by-past-of-trying-to-help-unin,20097/
http://www.theonion.com/articles/obamas-declaration-of-swine-flu-emergency-prompts,6952/
http://whatthefuckhasobamadonesofar.com/
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=2&hp
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Now, Obama is trying to buy the college vote