1. Post #1
    Hidole555's Avatar
    July 2009
    4,481 Posts

    Washington (CNN) -- The White House said Friday that President Barack Obama would veto a Republican measure passed by the House to extend lower interest rates on federal student loans because it takes money from a health care fund that benefits women.

    A White House statement said Obama's senior advisers would recommend a veto if the House measure, which passed 215-195 on a largely party-line vote, were to win Senate approval and reach the president's desk.

    "Women, in particular, will benefit from this prevention fund, which would provide for hundreds of thousands of screenings for breast and cervical cancer," the White House statement said. "This is a politically motivated proposal and not the serious response that the problem facing America's college students deserves. If the president is presented with H.R. 4628, his senior advisers would recommend that he veto the bill."

    Obama favors extending the current lower interest rates on student loans but would seek a different way to pay the $6 billion cost.

    A proposal by Senate Democrats would pay for the measure by ending some tax loopholes for corporations, a move opposed by Republicans. The House plan would instead take the money from the health care fund, which is part of the 2010 Affordable Care Act detested by Republicans.

    House Speaker John Boehner, R-Ohio, proposed the GOP's student loan measure this week in the face of a high-profile campaign by Obama that rallied college students -- a key component of the vital youth vote in November -- to pressure Congress to extend the lower student loan rates.

    In addition, certain Republican presidential nominee Mitt Romney pinned Boehner and congressional Republicans in a corner by coming out in favor of the lower rates this week.

    House Republicans previously backed a budget plan that called for letting the lower interest rates on student loans expire on July 1.
    In an emotional floor speech Friday, Boehner labeled the issue a fake fight mounted by Democrats for political advantage.

    "People want to politicize this because it is an election year, but my God, do we have to fight about everything?" Boehner said, at times pounding the podium. "And no, now we are going to have a fight over women's health. Give me a break! This is the latest plank in the so-called war on women entirely created by colleagues across the aisle for political gain."

    Calling for a review of "the facts," Boehner said Obama's proposed budget called for reducing the same health care fund, which he labeled a "slush fund."
    "You may have already forgotten that several months ago, you all voted to cut $4 billion out of this slush fund to pay for the payroll credit bill" that extended a payroll tax cut, Boehner continued, shouting, "So, to accuse us of wanting to gut women's health is absolutely not true."

    On Thursday, Senate Majority Leader Harry Reid, D-Nevada, took exception to Republicans characterizing the health care fund as something inappropriate or sinister.
    "You call preventive care a 'slush fund'? I mean, they should be ashamed of themselves," Reid said. "This is saving people's lives, saving the country huge amounts of money."

    Asked about the payroll tax vote at a Friday news conference, House Democratic leader Nancy Pelosi, D-California, said Democrats weren't happy about taking money from the fund for the payroll tax measure at the time and now want to ensure that the rest of the money stays in the fund.

    On the House floor, Pelosi said House Republicans were forced by Obama's publicizing of the issue to reverse their previous opposition to keeping the interest rates on federal student loans at the current 3.4% instead of letting them double to 6.8% on July 1.

    She said the House budget proposal by Rep. Paul Ryan, R-Wisconsin, called for allowing the interest rate to double in July, and that House Republicans had backed the plan as recently as last week.

    The new House measure would eliminate the Prevention and Public Health Fund, Pelosi said, accusing Republicans of protecting tax subsidies for the oil industry while wanting "mom and children to pay the price."

    On Wednesday, Obama took on Boehner by name, telling students at the University of Iowa a spokesman in the speaker's office believed the president's focus on student loans is an effort to "distract people from the economy."

    The president told a rowdy audience, "Now think about that for a second, because these guys don't get it." He told the cheering crowd, "If you do well, the economy does well. This is about the economy. What economy are they talking about? You are the economy."

    A few hours later, Boehner announced a Friday vote on the House measure and hit back at the president saying, "This week the president is campaigning and trying to invent a fight where there is none and never has been on this issue of student loans."

    On Tuesday night, Democratic Sens. Jack Reed of Rhode Island, Tom Harkin of Iowa and Sherrod Brown of Ohio introduced the Democratic proposal. It would freeze the current interest rate for one year and pay for it by closing a loophole on "S corporations," a tax structure Democrats say can be used to avoid paying Social Security and Medicare taxes.

    The Republican proposal in House also extends the current rate for one year, but it covers the cost by dipping into the health care fund intended to promote wellness, prevent disease and protect against public health emergencies.

    Source.
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  2. Post #2
    Dennab
    April 2011
    2,635 Posts
    I don't know how I feel about this.

    On one hand, it looks as if Republicans are trying to help Students, but on the other, it looks as if they are trying to take money from women...
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  3. Post #3
    A proposal by Senate Democrats would pay for the measure by ending some tax loopholes for corporations, a move opposed by Republicans. The House plan would instead take the money from the health care fund, which is part of the 2010 Affordable Care Act detested by Republicans.
    This is me being not surprised
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  4. Post #4
    BuffaloBill's Avatar
    August 2010
    6,337 Posts
    I'm siding with Obama on this one. Helping out students is good, but shouldn't come at the cost of others when avoidable - unless the others have been getting benefits for years such as the ton of ways that multimillionaires can avoid paying taxes.
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  5. Post #5
    I hate US Marines
    Itsjustguy's Avatar
    July 2009
    4,147 Posts
    Republicans can go fuck themselves.
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  6. Post #6
    EmZajex's Avatar
    November 2011
    148 Posts
    He at least seems to have a good reason for not going with every part of this bill. This guy actually does try to compromise when it seems reasonable instead of turning everything into a massive party war like the GOP likes to do a lot
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  7. Post #7
    Gold Member
    Meller Yeller's Avatar
    June 2010
    10,305 Posts
    Federal student loans are not a good thing. It would just drive tuition up more than it already is.
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  8. Post #8
    RAPISTS ARE OPPRESSED
    mobrockers2's Avatar
    April 2011
    12,403 Posts
    Federal student loans are not a good thing. It would just drive tuition up more than it already is.
    what
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  9. Post #9
    DERAILER OF THREADS DESTROYER OF IDIOTS
    Emperor Scorpious II's Avatar
    February 2009
    24,512 Posts
    Guess my loans are going to double up in July then...

    Didn't feel like retiring at 65 anyway...

  10. Post #10
    Gold Member
    antair's Avatar
    March 2010
    300 Posts
    Everyone in Congress, and the President can go fuck themselves. They don't care about the people, only about which lobbyist will fill their bank accounts faster.
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  11. Post #11
    Gold Member
    Used Car Salesman's Avatar
    April 2009
    8,744 Posts
    Republicans don't give a fuck about students, this is all a play to get Obama on the record as vetoing this legislation and forcing higher student loan interest. Republicans believe the federal government should play no role in education at all, they don't care about student loan interest rates.

  12. Post #12
    Gold Member
    S31-Syntax's Avatar
    October 2007
    9,808 Posts
    Republicans don't give a fuck about students, this is all a play to get Obama on the record as vetoing this legislation and forcing higher student loan interest. Republicans believe the federal government should play no role in education at all, they don't care about student loan interest rates.
    And to that end this was a well played trap. Either he goes on record forcing student loan interest rates to go up, or he goes on record acting against his own healthcare plan. He chose to stick to his original plan, which is honestly the best thing that could have come out of this for him.

  13. Post #13
    Gold Member
    ChestyMcGee's Avatar
    August 2008
    25,080 Posts
    i don't understand US politics and funding for social necessities

    the uk has student loans and socialised healthcare and we're not nearly as rich as the united states. why can't you guys work something out?

    i know i'm horrendously over simplifying the matter but it seems like the bitter republican/democratic rift gets in the way of any simple progress the united states could make
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  14. Post #14
    RAPISTS ARE OPPRESSED
    mobrockers2's Avatar
    April 2011
    12,403 Posts
    i don't understand US politics and funding for social necessities

    the uk has student loans and socialised healthcare and we're not nearly as rich as the united states. why can't you guys work something out?

    i know i'm horrendously over simplifying the matter but it seems like the bitter republican/democratic rift gets in the way of any simple progress the united states could make
    Because Americans are egocentric as fuck, and don't realize helping others helps themselves in the long run. And yes I know I'm generalizing but this is pretty much why things cost so much money and effort in US.
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  15. Post #15
    kill yourself
    Protocol7's Avatar
    June 2006
    25,746 Posts
    And to that end this was a well played trap. Either he goes on record forcing student loan interest rates to go up, or he goes on record acting against his own healthcare plan. He chose to stick to his original plan, which is honestly the best thing that could have come out of this for him.
    that's all they do

    trap the other party

    they spend more time being conniving assholes than they do servitors of the people
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  16. Post #16
    DERAILER OF THREADS DESTROYER OF IDIOTS
    Emperor Scorpious II's Avatar
    February 2009
    24,512 Posts
    i don't understand US politics and funding for social necessities

    the uk has student loans and socialised healthcare and we're not nearly as rich as the united states. why can't you guys work something out?

    i know i'm horrendously over simplifying the matter but it seems like the bitter republican/democratic rift gets in the way of any simple progress the united states could make
    With a population of 300,000,000 anything bureaucratic like social programs becomes nothing more than a clogged artery of misery and waste.

    Edited:

    that's all they do

    trap the other party

    they spend more time being conniving assholes than they do servitors of the people
    The political system of the US is like a penny.

    Dems on one side, Reps on the other of the same, worthless ugly coin.
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  17. Post #17
    I make sexist and racist jokes all the time yet,i still support the feminist movement and the rights of blacks.
    znk666's Avatar
    July 2010
    5,535 Posts
    I agree with Obama,health care should be prior to education.
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  18. Post #18
    Gold Member
    Sector 7's Avatar
    May 2005
    3,138 Posts
    I don't know how I feel about this.

    On one hand, it looks as if Republicans are trying to help Students, but on the other, it looks as if they are trying to take money from women...
    in reality, they set up the bill to be unpassable so during the election season they can call him a hypocrite

  19. Post #19
    DERAILER OF THREADS DESTROYER OF IDIOTS
    Emperor Scorpious II's Avatar
    February 2009
    24,512 Posts
    in reality, they set up the bill to be unpassable so during the election season they can call him a hypocrite
    American politics is great. Instead of helping out the little guy, all they do is stab each other to be king of the hill for 4 years.
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  20. Post #20
    Gold Member
    ChestyMcGee's Avatar
    August 2008
    25,080 Posts
    With a population of 300,000,000 anything bureaucratic like social programs becomes nothing more than a clogged artery of misery and waste.
    no you just hire the millions required to make such systems run (creating more jobs. jesus christ what a travesty that would be)??

  21. Post #21
    "You should see my penis, it puts a wookie to shame. its like a fucking front tail."
    Dysgalt's Avatar
    January 2010
    2,392 Posts
    no you just hire the millions required to make such systems run (creating more jobs. jesus christ what a travesty that would be)??
    The paperwork and "feelings" and "racism" and "religion" that is American Politics.

  22. Post #22
    DERAILER OF THREADS DESTROYER OF IDIOTS
    Emperor Scorpious II's Avatar
    February 2009
    24,512 Posts
    no you just hire the millions required to make such systems run (creating more jobs. jesus christ what a travesty that would be)??
    The more people you inject into the bureaucratic system, the more clogged it gets.
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  23. Post #23
    Gold Member
    redBadger's Avatar
    November 2008
    14,430 Posts
    I still find it funny. If Romney was doing the exact same thing Obama is doing now, people would have a shit fit.
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  24. Post #24
    Gold Member
    Used Car Salesman's Avatar
    April 2009
    8,744 Posts
    i don't understand US politics and funding for social necessities

    the uk has student loans and socialised healthcare and we're not nearly as rich as the united states. why can't you guys work something out?

    i know i'm horrendously over simplifying the matter but it seems like the bitter republican/democratic rift gets in the way of any simple progress the united states could make
    Because we consider it more important for rich people to pad their bank accounts with billions of dollars in tax breaks than to properly tax them and pay for basic necessities for the rest of the country.

    In total we may be the richest country on the planet, but 80% of that wealth belongs to less than 20% of our population.

  25. Post #25
    Gold Member
    sHiBaN's Avatar
    April 2006
    4,068 Posts
    Yeah it was a trap, my Repub friend is going nuts on my FB feed. "SEE TOLD YOU OBAMA IS NOT FOR OUR COUNTRY! RON PAUL YEAH"

  26. Post #26
    DERAILER OF THREADS DESTROYER OF IDIOTS
    Emperor Scorpious II's Avatar
    February 2009
    24,512 Posts
    Yeah it was a trap, my Repub friend is going nuts on my FB feed. "SEE TOLD YOU OBAMA IS NOT FOR OUR COUNTRY! RON PAUL YEAH"
    Your friend is an idiot and an embarrassment to Ron Paul supporters.
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  27. Post #27
    I make sexist and racist jokes all the time yet,i still support the feminist movement and the rights of blacks.
    znk666's Avatar
    July 2010
    5,535 Posts
    Your friend is an idiot and an embarrassment to Ron Paul supporters.
    All Ron Paul supporters are equally as idiotic.
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  28. Post #28
    I'M A SHAAARK!
    Lambeth's Avatar
    October 2009
    14,832 Posts
    this article reminded me of this one

  29. Post #29
    Gold Member
    Mr. Someguy's Avatar
    March 2006
    23,898 Posts
    The more people you inject into the bureaucratic system, the more clogged it gets.
    Better than drawing a line and going "Everyone over this is covered, everyone under it is on their own".

  30. Post #30
    Gold Member
    Xenocidebot's Avatar
    April 2006
    5,011 Posts
    There's a common misconception the government paying to increase funding for schools causes tuition to increase because they can "get more for less".
    Though that's not been observed to be the case.
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  31. Post #31
    Gold Member
    Meller Yeller's Avatar
    June 2010
    10,305 Posts
    Tuition is sky high now because a large percentage of students just completely go through school on loans rather than actually paying a regular tuition which is a cause for schools driving the tuition up.
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  32. Post #32
    Gold Member
    Pace.'s Avatar
    September 2010
    1,355 Posts
    They should use the system we use in Australia. You can get an interest free loan from the government for uni fees, and you only have to start paying it back once you earn over a certain income threshold. All the money is eventually paid back, and students dont have to worry about paying it until they can support themselves.

    I hear students in america live really poorly in college because of the loans

  33. Post #33
    I'm different!
    Doctor Zedacon's Avatar
    July 2006
    13,477 Posts
    They should use the system we use in Australia. You can get an interest free loan from the government for uni fees, and you only have to start paying it back once you earn over a certain income threshold. All the money is eventually paid back, and students dont have to worry about paying it until they can support themselves.

    I hear students in america live really poorly in college because of the loans
    Basically, if you get student loans, you're pretty much fucked.

  34. Post #34
    Gold Member
    Used Car Salesman's Avatar
    April 2009
    8,744 Posts
    Basically, if you get student loans, you're pretty much fucked.
    Yep, there is no legal way to ever discharge those loans. Most of them require cosigners as well, so if you fuck up and default, your family loses their house.
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