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peoli

(3,111 posts)
Wed Jun 11, 2014, 02:57 PM Jun 2014

Senate Republicans block Warren’s student loan bill

Source: Boston Globe

WASHINGTON — Senate Republicans on Wednesday blocked legislation aimed at letting people refinance their student loans at lower rates, a pre-ordained outcome that gave Democrats a fresh election-year talking point against the GOP.

The 56-38 vote fell short of the 60 that would have been needed to advance to debate on the measure by Sen. Elizabeth Warren, D-Mass. Her bill would have let millions of borrowers, some with years-old debt and interest rates topping 7 percent or more, refinance at today’s lower rates.


The bill would have been paid for with the so-called Buffett Rule, which sets minimum tax rates for people making over $1 million.

‘‘With this vote we show the American people who we work for in the United States Senate: billionaires or students,’’ said Warren. ‘‘A vote on this legislation is a vote to give millions of young people a fair shot at building their future.’’

Read more: http://www.bostonglobe.com/news/politics/2014/06/11/senate-republicans-block-warren-student-loan-bill/4MAViNcoF5L5lcp8HG0GCM/story.html

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Senate Republicans block Warren’s student loan bill (Original Post) peoli Jun 2014 OP
Welcome to the reality of Republican obstructionism frazzled Jun 2014 #1
Exactly. Andy823 Jun 2014 #3
Interesting how close it is -- Given that Reid had to change to no for procedural karynnj Jun 2014 #2
It hits kids and parents of kids, who wind up back home after graduation because they can't CTyankee Jun 2014 #11
If we haven't already got this constituency customerserviceguy Jun 2014 #40
but we have to go after the ones who DID borrow the money to complee college! CTyankee Jun 2014 #41
And my point is customerserviceguy Jun 2014 #42
Yup...anyone who has half a brain functioning.... CTyankee Jun 2014 #46
Question - Would this have applied only to federal student loans or also private loans? groundloop Jun 2014 #4
I believe Obama already altered the Fed loan policies Whoopdedoo Jun 2014 #6
I think all Democrats need to include in their campaigns the following..... Swede Atlanta Jun 2014 #5
There it is, right there in black and white. Enthusiast Jun 2014 #7
Republican agenda: SummerSnow Jun 2014 #8
not in a million years reddread Jun 2014 #9
We can't have the common folk getting an education, AngryDem001 Jun 2014 #16
they wont. not on the agenda, just pricey books and online courses reddread Jun 2014 #17
Wondering Iwillnevergiveup Jun 2014 #10
No, they would have voted NO anyway. They HATE Americans. nt valerief Jun 2014 #20
Ted Cruz is leading the charge against Warren's bill. TRoN33 Jun 2014 #12
Ted Cruz is one creepy fuck. AngryDem001 Jun 2014 #15
I'm looking for a website that specifically shows how the Senate voted. What dems voted against this YOHABLO Jun 2014 #13
Here it is Iwillnevergiveup Jun 2014 #14
It looks like Cantor mimi85 Jun 2014 #18
He's a Congressasshole, not a Senator. Timez Squarez Jun 2014 #22
Why did Reid vote ''NO" ??? So they needed his and McCaskill's ''YAY'' and two Republicans. A shame. YOHABLO Jun 2014 #32
He has to vote no otherwise it can't be brought back up again Paulie Jun 2014 #34
I sure hope we can mobilize young people to vote in an off-year. CanonRay Jun 2014 #19
I'm 60 years old, paying 8.14 percent and the principle NEVER declines... mike_c Jun 2014 #25
You've paid $180K in student loans already hughee99 Jun 2014 #28
yes it is.... mike_c Jun 2014 #37
more ads designed to destroy the Rethugs. Timez Squarez Jun 2014 #21
Dems could fix this by scrapping filibuster yurbud Jun 2014 #23
If they had changed the filibuster back in 2008 yeoman6987 Jun 2014 #26
The dens are acting like it's their job to mark time until GOP wins again yurbud Jun 2014 #27
The Senate in Republican hands and no filibuster probably would have little to no consequence. 24601 Jun 2014 #29
And you think the Con's quakerboy Jun 2014 #43
my student loan interest rate is 8.14 percent.... mike_c Jun 2014 #24
We really do have a Gem there madokie Jun 2014 #30
Pukes sure do hate Americans! SoapBox Jun 2014 #31
I just wondered how this bill could be reintroduced .. do they have to wait for a new Congress? YOHABLO Jun 2014 #33
No, because Reid changed his vote from yes to no davidpdx Jun 2014 #35
The usual asshole behavior of the GOP davidpdx Jun 2014 #36
self deleted lark Jun 2014 #38
Only the poor and middle class lose 1Greensix Jun 2014 #39
Three Republicans and both independents voted for passage. CBHagman Jun 2014 #44
The Republicans voted yes rpannier Jun 2014 #45
Why... Bohemianwriter Jun 2014 #47

frazzled

(18,402 posts)
1. Welcome to the reality of Republican obstructionism
Wed Jun 11, 2014, 03:02 PM
Jun 2014

They've blocked untold numbers of Obama's proposed legislative initiatives (the comprehensive Jobs Bill, for example, which contained many progressive policy measures). And many have railed against him for not fighting hard enough, or doing more. I hope that same discourtesy will not be extended to Senator Warren now that her excellent bill is kaput, along with the revenues from millionaires.

The moral of the story is: it doesn't matter how great an idea a political leader has. If the system prevents it from moving forward, it doesn't happen.

Andy823

(11,495 posts)
3. Exactly.
Wed Jun 11, 2014, 03:14 PM
Jun 2014

And no matter who we put in the WH in 2016, Clinton, Warren, Sanders, or any other democrat, it won't change things if we don't get rid of those causing the obstruction. We have to keep control of the Senate this year, at least gains seats in the House, and then take control of both of them in 2016. Otherwise we will go through the same crap that president Obama has had to go through. Anyone who can't see that and realize what needs to be done is not really dealing with the reality of things.

NOT getting out the vote is not an option. If we want change we need to change the makeup of congress, starting right now!

karynnj

(59,501 posts)
2. Interesting how close it is -- Given that Reid had to change to no for procedural
Wed Jun 11, 2014, 03:09 PM
Jun 2014

reasons, that means they need 3 more. This really seems like something where there is a LARGE group of smart educated young people who could apply pressure to more of the swing state Republicans.

This is also something good for the country as a whole, but the fact that there should be a large group of people who should be able to demand action, I wonder if that filibuster can be broken.

CTyankee

(63,901 posts)
11. It hits kids and parents of kids, who wind up back home after graduation because they can't
Wed Jun 11, 2014, 04:24 PM
Jun 2014

afford to rent an apt., even if they have a job...all their money gets tied up in paying back the loans..

So now there are two more constituencies of voters who have a pocketbook issue to vote on...and a pretty strong one...

customerserviceguy

(25,183 posts)
40. If we haven't already got this constituency
Thu Jun 12, 2014, 07:29 PM
Jun 2014

this isn't going to swing them over.

I wonder just how sympathetic most mushy middle voters are towards people who borrowed many thousands of dollars on student loans. My guess is that we'd be shocked at how little the people who make up their minds the weekend before an election care about them.

customerserviceguy

(25,183 posts)
42. And my point is
Thu Jun 12, 2014, 08:35 PM
Jun 2014

we should already have them. Someone with anything more than a modest amount of student debt (as measured by the person trying to pay the loans with whatever employment they ended up with as a result of that education) should not feel like a one-percenter who would vote Republicon because they think they're going to make out even better.

If someone working at Starbucks for minimum wage and tips, who has thousands of dollars of student loans to pay off doesn't already vote Democratic, we just don't have any hope of reaching that person.

CTyankee

(63,901 posts)
46. Yup...anyone who has half a brain functioning....
Fri Jun 13, 2014, 07:52 AM
Jun 2014

if they don't then no amount of college will do them any good...

groundloop

(11,518 posts)
4. Question - Would this have applied only to federal student loans or also private loans?
Wed Jun 11, 2014, 03:16 PM
Jun 2014

If private educational loans aren't being included in this discussion they need to be.

Whoopdedoo

(60 posts)
6. I believe Obama already altered the Fed loan policies
Wed Jun 11, 2014, 03:31 PM
Jun 2014

He allowed Federal Student loans to be renegotiable. The bipartisan bill Warren was pushing for was for the private sector loans that are not negotiable. GOP are just being their usual douche baggery because of the tax on the wealthy which was in the bill.

 

Swede Atlanta

(3,596 posts)
5. I think all Democrats need to include in their campaigns the following.....
Wed Jun 11, 2014, 03:28 PM
Jun 2014

this is something Warren keeps pointing out.....

Big banks get to borrow money from the government at next to nothing... something like .25% or something and we are charging our students anything from 2-3% up to 10-12%. It is criminal that we lend money to the big banks for free and they turn around and use that to rip off more consumers without any fear of prosecution or shame but make students who are just starting out their lives pay dearly for this 'seed' money.

It is widely reported today that Americans owe more in student loan debt that consumer credit card debt! Further the drain on the household budgets of these students is weighing on the economy because they aren't able to inject their income into the economy in the form of buying goods, houses, cars, etc.

Enthusiast

(50,983 posts)
7. There it is, right there in black and white.
Wed Jun 11, 2014, 03:45 PM
Jun 2014

Proof positive that Republicans suck. As if we didn't know it all along.

 

reddread

(6,896 posts)
9. not in a million years
Wed Jun 11, 2014, 04:00 PM
Jun 2014

their agenda is to make the banksters more money and keep the common people broke.
they arent alone, either.

AngryDem001

(684 posts)
16. We can't have the common folk getting an education,
Wed Jun 11, 2014, 05:16 PM
Jun 2014

now can we? An educated populace is the greatest enemy to the radical conservative agenda.

I hope Warren SLAMS these bastards!

 

reddread

(6,896 posts)
17. they wont. not on the agenda, just pricey books and online courses
Wed Jun 11, 2014, 05:29 PM
Jun 2014

and more educated people are more easily fooled, the way we do it.

Iwillnevergiveup

(9,298 posts)
10. Wondering
Wed Jun 11, 2014, 04:04 PM
Jun 2014

if ANY Rethug senator voted no as partial payback for Cantor's humiliating defeat.

The comments section from the article are sure anti-Warren.

 

TRoN33

(769 posts)
12. Ted Cruz is leading the charge against Warren's bill.
Wed Jun 11, 2014, 05:01 PM
Jun 2014

He want to privatize entire student loan programs, abolish Department of Education, and privatize entire educational programs.

He said he is all for creating more jobs but if he eliminate Dept of Education, it will cause more than 60,000 jobs lost instantly and another 150,000 to follow. Cruz is terrible and absolute anti American.

 

YOHABLO

(7,358 posts)
13. I'm looking for a website that specifically shows how the Senate voted. What dems voted against this
Wed Jun 11, 2014, 05:02 PM
Jun 2014
 

YOHABLO

(7,358 posts)
32. Why did Reid vote ''NO" ??? So they needed his and McCaskill's ''YAY'' and two Republicans. A shame.
Wed Jun 11, 2014, 11:07 PM
Jun 2014

Paulie

(8,462 posts)
34. He has to vote no otherwise it can't be brought back up again
Thu Jun 12, 2014, 12:17 AM
Jun 2014

Otherwise it's dead dead. It's a procedural thing.

CanonRay

(14,097 posts)
19. I sure hope we can mobilize young people to vote in an off-year.
Wed Jun 11, 2014, 05:54 PM
Jun 2014

They're the ones getting screwed, this time.

mike_c

(36,281 posts)
25. I'm 60 years old, paying 8.14 percent and the principle NEVER declines...
Wed Jun 11, 2014, 07:04 PM
Jun 2014

...by more than a few hundred dollars a year. I pay about $750/month. I won't live long enough to pay this debt off-- I've been paying for almost 20 years and the principle has only gone down about 10%. It's lifetime indentured servitude.

hughee99

(16,113 posts)
28. You've paid $180K in student loans already
Wed Jun 11, 2014, 08:27 PM
Jun 2014

and only gotten the principle down 10% over 20 years at 8.14 percent? That is astounding.

mike_c

(36,281 posts)
37. yes it is....
Thu Jun 12, 2014, 11:42 AM
Jun 2014

I've had a couple of short financial hardship deferment periods during that interval, so I've not paid back quite that much, but I've more than repaid the original principle and the debt has only declined from about $75K to $65K, so a little more than 10%. But I'm almost retirement age, so there is no way I'll ever finish paying my student loan debt.

 

Timez Squarez

(262 posts)
21. more ads designed to destroy the Rethugs.
Wed Jun 11, 2014, 06:03 PM
Jun 2014

Just air that very fact that the Democrats are working very hard to reduce the stress of the loans, and the Republicans wants you to pay through the nose and beyond.

Fuck that. Make it free education for all Americans through doctorate degrees if they chose to do so.

Paid for by the corporations who's fucking greedy and just lost a huge battle against United States of America.

yurbud

(39,405 posts)
23. Dems could fix this by scrapping filibuster
Wed Jun 11, 2014, 06:24 PM
Jun 2014

It's hard to believe they are fighting for us when they won't take a weapon out of Republicans hands when they easily could

 

yeoman6987

(14,449 posts)
26. If they had changed the filibuster back in 2008
Wed Jun 11, 2014, 07:29 PM
Jun 2014

then it would have been great, but to do it now and then have the Republicans take over next year would be horrible......Reid is too late. It is bad enough that the Republicans could have control of the lower courts next year by either refusing to vote or majority no on each judge they don't like. Democrats better keep the Senate.......I sure hope so.

24601

(3,959 posts)
29. The Senate in Republican hands and no filibuster probably would have little to no consequence.
Wed Jun 11, 2014, 09:08 PM
Jun 2014

It still takes a 2/3 supermajority in both houses to override a veto. Different of course if the White House changes hands. But once you've established that you can change the rules by majority vote, they could do it by themselves. So what the hell, call everyone's bluff and let them propose amendments - then vote.

quakerboy

(13,918 posts)
43. And you think the Con's
Thu Jun 12, 2014, 10:22 PM
Jun 2014

will hesitate for a second to nuke the fillibuster if they feel its to their advantage? Just because Reid didnt do it, that doesnt mean they wont if they ever have the chance.

mike_c

(36,281 posts)
24. my student loan interest rate is 8.14 percent....
Wed Jun 11, 2014, 07:00 PM
Jun 2014

I won't live long enough to pay it off anyway, so I guess it's a moot point.

madokie

(51,076 posts)
30. We really do have a Gem there
Wed Jun 11, 2014, 09:35 PM
Jun 2014

In Elizabeth Warren. The little Oklahoma girl who went on to make a name for herself by helping millions of us little people out here in the real world.

davidpdx

(22,000 posts)
35. No, because Reid changed his vote from yes to no
Thu Jun 12, 2014, 03:48 AM
Jun 2014

so he could bring the bill up again. Still it is unlikely that it will pass.

1Greensix

(111 posts)
39. Only the poor and middle class lose
Thu Jun 12, 2014, 02:45 PM
Jun 2014

RICH people pay cash, with endowments, to get Jr. a degree. GWBushit is a perfect example. HGWBushit had to pay off two universities to get His son degrees. Only poor and middle class students take out student loans, and besides, banks love 7% loans. Republicans have one agenda and that's to make the rich richer. SCREW the rest.
It probably won't matter much longer, anyway. This country is ready to tear itself apart because of the hatred spewed on talk radio and Fox network. So, No country, no way to force payment of loans.

CBHagman

(16,984 posts)
44. Three Republicans and both independents voted for passage.
Thu Jun 12, 2014, 11:04 PM
Jun 2014

The yea votes included Republicans Lisa Murkowski (Alaska), Susan Collins (Maine), and Bob Corker (Tennessee). They joined the Democrats and independents Bernie Sanders (Vermont) and Angus King (Maine).

rpannier

(24,329 posts)
45. The Republicans voted yes
Fri Jun 13, 2014, 12:33 AM
Jun 2014

That's about as bipartisan as you're gonna get with this group of repribaticans

 

Bohemianwriter

(978 posts)
47. Why...
Mon Jun 16, 2014, 02:40 AM
Jun 2014

Don't they go "nuclear" on this one?

Why should 38 jackasses be obstructing the democratic process?

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