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Senate Republicans block vote on student loan interest rates
yahoo.com ^ | 5/8/12 | Rachel Rose Hartman

Posted on 05/08/2012 12:37:44 PM PDT by ColdOne

Senate Republicans Tuesday afternoon blocked the advancement of a Democratic bill to extend the current student loan interest rate over objections to how the measure will be funded.

Members voted 52 to 45 to block cloture on the bill, which would hold Stafford student loan interest rates for an estimated 7.4 million students at 3.4 percent instead of allowing them to double in July. The Democrats' $6 billion bill would be funded by closing a tax loophole, thereby raising Social Security and Medicare payroll taxes on select wealthy stockholders of private companies—hence the Republican opposition.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Politics/Elections
KEYWORDS: 112th; debt; gop; studentloans

1 posted on 05/08/2012 12:37:48 PM PDT by ColdOne
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To: ColdOne

We need to see a graph charting the number of years the typical loan takes to pay off with accumulated % rates. This is a gov. Trojan Horse keeping people in hock to the Federal Government for years.


2 posted on 05/08/2012 12:43:20 PM PDT by yoe
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To: ColdOne

They should let the interest rate increase.

Austerity is a bitch, but if we can’t even do this, we have no hope.


3 posted on 05/08/2012 12:44:53 PM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: ColdOne

Since when are there 52 Republicans in the Senate?


4 posted on 05/08/2012 12:49:47 PM PDT by Cowboy Bob (Greed + Envy = Liberalism)
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To: Cowboy Bob

Same thing I was wondering.


5 posted on 05/08/2012 12:52:29 PM PDT by ColdOne (I miss my poochie... Tasha 2000~3/14/11 0bie don' t eat my dog!)
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To: ColdOne
I am loving this new found POWER OF THE 47 SOP Senators in the RAT controlled SENATE. Now I know what the RATS were talking about back when they were in the Senate minority when GWB controlled the Congress. /sarc
6 posted on 05/08/2012 12:55:08 PM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: ColdOne

How did Lugar vote?

Not that I’d be impressed by a correct vote just now. What impresses me is consistent conservatism even in NON-election years ...


7 posted on 05/08/2012 1:01:56 PM PDT by pogo101
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To: ColdOne
YEAs ---52 Akaka (D-HI) Baucus (D-MT) Begich (D-AK) Bennet (D-CO) Bingaman (D-NM) Blumenthal (D-CT) Boxer (D-CA) Brown (D-OH) Cantwell (D-WA) Cardin (D-MD) Carper (D-DE) Casey (D-PA) Conrad (D-ND) Coons (D-DE) Durbin (D-IL) Feinstein (D-CA) Franken (D-MN) Gillibrand (D-NY) Hagan (D-NC) Harkin (D-IA) Inouye (D-HI) Johnson (D-SD) Kerry (D-MA) Klobuchar (D-MN) Kohl (D-WI) Landrieu (D-LA) Lautenberg (D-NJ) Leahy (D-VT) Levin (D-MI) Lieberman (ID-CT) Manchin (D-WV) McCaskill (D-MO) Menendez (D-NJ) Merkley (D-OR) Mikulski (D-MD) Murray (D-WA) Nelson (D-FL) Nelson (D-NE) Pryor (D-AR) Reed (D-RI) Rockefeller (D-WV) Sanders (I-VT) Schumer (D-NY) Shaheen (D-NH) Stabenow (D-MI) Tester (D-MT) Udall (D-CO) Udall (D-NM) Warner (D-VA) Webb (D-VA) Whitehouse (D-RI) Wyden (D-OR)

NAYs ---45 Alexander (R-TN) Ayotte (R-NH) Barrasso (R-WY) Blunt (R-MO) Boozman (R-AR) Brown (R-MA) Burr (R-NC) Chambliss (R-GA) Coats (R-IN) Coburn (R-OK) Cochran (R-MS) Collins (R-ME) Corker (R-TN) Cornyn (R-TX) Crapo (R-ID) DeMint (R-SC) Enzi (R-WY) Graham (R-SC) Grassley (R-IA) Hatch (R-UT) Heller (R-NV) Hoeven (R-ND) Hutchison (R-TX) Inhofe (R-OK) Isakson (R-GA) Johanns (R-NE) Johnson (R-WI) Kyl (R-AZ) Lee (R-UT) McCain (R-AZ) McConnell (R-KY) Moran (R-KS) Murkowski (R-AK) Paul (R-KY) Portman (R-OH) Reid (D-NV) Risch (R-ID) Roberts (R-KS) Rubio (R-FL) Sessions (R-AL) Shelby (R-AL) Thune (R-SD) Toomey (R-PA) Vitter (R-LA) Wicker (R-MS)

Present - 1 Snowe (R-ME)

Not Voting - 2 Kirk (R-IL) Lugar (R-IN)

8 posted on 05/08/2012 1:10:54 PM PDT by HOYA97 (twitter @hoya97)
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To: ColdOne

OMG....they stopped The Messiah’s buying of the Yewt vote, when all those College Kids were borrowing because they have NO INTENTION of paying it back, since Taxpayers will be forced to pick up the tab. I can’t believe the Republicans FINALLY had the cohones to stop the spending, but, that’s ONLY because of the up-coming Nov. Elections, I’m sure.


9 posted on 05/08/2012 1:10:54 PM PDT by traditional1 (Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: ColdOne
When the House democrats stopped the GOP's bill it was a matter of the GOP stealing from womens' health funds.

Now its all about the GOP refusing to help students with their loans for the benefit of a few wealthy constituents.

Muck the Fedia. I hate em soooo much.

10 posted on 05/08/2012 1:24:00 PM PDT by skeeter
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To: ColdOne

A silly question but one I never see addressed. Are the 7.4 million students at issue current/active students? In other words does this issue only affect people currently adding more debt or does it affect those who have finished their degrees and are repaying their loans as well?

I have friends who are paying back school loans that were “consolidated” and supposedly are now a fixed rate for the life of the loan. Am I correct in assuming they are not affected (yet) by this?


11 posted on 05/08/2012 1:45:50 PM PDT by 1malumprohibitum
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To: 1malumprohibitum

You are right - silly you. Asking for specifics on a bill coming out of Washington. Don’t you know that is why the bill has to be passed!


12 posted on 05/08/2012 1:52:14 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: skeeter
Muck the Fedia. LOL!
13 posted on 05/08/2012 5:48:42 PM PDT by ColdOne (I miss my poochie... Tasha 2000~3/14/11 0bie don' t eat my dog!)
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