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Republicans side with loan wolves. What do you think?

When the government hands money to poor people, that’s welfare, Republicans say. That’s taking money from productive taxpayers and encouraging dependency, they assert.
But when corporations get taxpayer handouts, that’s not welfare in the GOP book of rhetoric. Take away a company’s subsidy, and you have a “government takeover.” Such is the Republican stance on Democratic plans to remove the corporate middleman from the federal student-loan program, included in the recently passed House health care reform bill.
Since when did ending taxpayer subsidies become expropriation? Since Republicans stopped being principled conservatives and became corporate socialists. If the Republicans’ mission is to enrich their corporate donors by burdening taxpayers, they’re going about it the right way.


Asked by Anonymous at 7:46 PM on Mar. 27, 2010 in Politics & Current Events

This question is closed.
Answers (17)
  • Republicans side with the FREE MARKET.

    No, they side with whatever lobby group paid for their last retreat...and whoever gets them hookers and blow get an extra tax break


    Answer by sweet-a-kins at 11:06 PM on Mar. 27, 2010

  • Sen. Lindsey Graham, a South Carolina Republican, complained on Fox News that if the Democrats’ student-loan plan passes, “what the federal government has done is dealt out the private sector.”
    Darn straight, Senator. And may one ask why the private sector was “dealt” into a government program to begin with? The answer is easy: That’s what passes for conservatism these days. (For further reference, check out the 2003 Medicare drug benefit legislation, which Republicans made wildly expensive by cutting in the private insurers.)
    There are currently two kinds of student loans. In one, the government lends directly to students. Democrats want the whole program to be like this. In the other, the government gives guarantees against bad loans and rising interest rates to private financial companies, who then lend the money to the students. Either way, taxpayers are on the hook.

    Answer by Anonymous at 7:47 PM on Mar. 27, 2010

  • Which means either way, it’s a government program. When Graham charges that Democrats are “giving the student-loan program completely to the federal government,” he is making zero sense – unless he believes that the banks have some entitlement that we weren’t told about.
    Republicans (and a few Democratic accomplices) are defending a real sweet deal for Wall Street. The companies make fortunes off the student borrowers while the taxpayers protect them against their bad luck. This is another of those “privatized profits and socialized losses” schemes that enriches the financiers no matter what happens to the rest of us.
    Do you know who would lose billions should they be “dealt out” of this government program? For starters, our bailout buddies at Citigroup, JPMorgan Chase and Bank of America. And, of course, there’s Sallie Mae, the student-loan giant.

    Answer by Anonymous at 7:48 PM on Mar. 27, 2010

  • Under the Democrats’ proposal, students would obtain loans directly from their college financial aid office. The students would pay a lower rate of interest and over a longer period. The taxpayers, meanwhile, would save $67 billion.

    Answer by Anonymous at 7:49 PM on Mar. 27, 2010

  • Yeah and I thought the Dems were all for helping people. How come every single thing Obama does puts people out of a job???
    Oh right, if they lose their job then he can give them a welfare handout and they will love him forever more.

    As for the student loans, I'm sure my kids won't get any money just as they haven't the past couple of years. My son is going completely on loans as my daugher will when her bonds run out. The amount of these pell grants will go up about $400 dollars over 5 yrs. Gee thats a big difference, might buy a book.. Fact is they are not going to be giving out as many Pell grants because the total alloted for Pell grants is lower. They are also taking a big chunk of the so called savings to help pay for this healthcare debacle. Now thats taking money out of students pockets. All he wants is total power of everything he can get and will continue under the guise of helping the poor to do it.

    Answer by itsmesteph11 at 8:09 PM on Mar. 27, 2010

  • student loans had no business being in a HC reform bill to begin with.

    Answer by Anonymous at 8:18 PM on Mar. 27, 2010

  • The government will expand a direct lending program, a step that the Congressional Budget Office said would save taxpayers $61 billion over 10 years, and use the money to increase Pell grants for students.

    The student loan bill is a centerpiece of President Obama’s education agenda, and it was included in the BUDGET reconciliation measure that also made final revisions to the Senate-passed health care bill.

    It most certainly can go in the Budget Reconcilation part and is there!

    Answer by Anonymous at 8:27 PM on Mar. 27, 2010

  • The budget reconciliation rules set goals for reducing future federal deficits, and the loan bill helps to meet those goals by redirecting $10 billion in savings from subsidies to private banks toward deficit reduction.


    Answer by Anonymous at 8:28 PM on Mar. 27, 2010

  • Yes included in hc bill what does it have to do with hc? Nothing.This is yet another government take over.

    Answer by Anonymous at 8:32 PM on Mar. 27, 2010

  •  Republicans side with the FREE MARKET.


    Answer by Anonymous at 9:14 PM on Mar. 27, 2010