STUDENT LOAN BILL- 37 SENATE REPUBLICANS BLOCK WARREN’S STUDENT LOAN BILL

37 SENATE REPUBLICANS BLOCK WARREN’S STUDENT LOAN BILL- Good!

Democrats…. And even some so called Republicans I hear Complaining that The Student Bill Was Blocked!

THE DIFFERENCE BETWEEN REPUBLICANS & DEMOCRATS- Democrats give out free cell phones, pay the unpaid debt of lazy, irresponsible people who did not pay their Mortgages…. And gives discounted student loans who by the way are in debt of over usd 1 Trillion Dollars and not to mention Welfare Reforms, Immigration etc… whereas REPUBLICANS- want the poor and needy to “EARN THEIR BENEFITS”! ……..NOT to simply HAND OUT MONEY!.... make them LEARN A TRADE AND WORK then the Government can help! DEMOCRATS- “””STOP PUTTING THE COUNTRY IN DEBT”””! – its all political to try and make issues they can raise for the upcoming elections!

Let me ask you this..... when the Moron Obama PAID THE LATE AND OVER DUE MORTGAGES of the poor and irresponsible people in our country.. what happened?? - Obama had to print money.... then what happened next??? Recession hit! And with these damn loans.... that students NEVER PAY has now reached over 1 TRILLION dollars right??? if I remember correctly. so if we give them an open end incentive to payback what they never paid in the first place we will be more in debt as the years go by... does it make sense to raise the debt to 1.5 Trillion or more??? that is a huge burden on the country... let them be working students and take responsibility for themselves! Why Should the average Middle-class American family pay that! Because that is who it effects!

The Obama administration said Warren’s bill could have helped some 25 million borrowers save $2,000 each over the lifetime of their loans..... BUT if you consider the time span of the loan.... HOW MUCH MORE WILL THEY BE IN DEBT?? HOW MUCH MORE WILL IT COST THE COUNTRY???
Student loan debt has topped $1 trillion and emerged as a drag on the economy and on middle-class families across the country AND NOW YOU PEOPLE COMPLAIN AND WANT IT HIGHER??? MY GOD

Its the same thing as walking in to an emergency room at the hospital and seeing 23 illegal immigrants that YOU and ME have to pay for !!!!!! that they will never pay!

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.

Republicans said the bill wouldn’t have done anything to lower education costs or reduce borrowing, and they accused Democrats of playing politics by highlighting an issue that was bound to fail.
‘‘The Senate Democrats’ bill isn’t really about students at all. It’s really all about Senate Democrats,’’ said Minority Leader Mitch McConnell, R-Ky. ‘‘They want an issue to campaign on to save their own hides this November.’’

Student loan debt has topped $1 trillion and emerged as a drag on the economy and on middle-class families across the country, making it a ripe target for politicians ahead of midterm elections where Democrats risk losing their Senate majority. Wednesday’s vote followed two days where President Barack Obama highlighted the issue from the White House, announcing executive action to let more borrowers to cap their monthly payments at 10 percent of their income.

And A REMINDER….. Some 40 million Americans have outstanding student loan debt totaling $1.2 trillion, making it the second-largest form of consumer debt, second only to mortgages, according to Warren’s office. People 60 and older account for some $43 billion of outstanding student loan debt!

And Lets Look At This... "$1,000,000,000,000 - 1 TRILLION DOLLARS

The 2011 US federal deficit was $1.412 Trillion - 41% more than you see here.

If you spent $1 million a day since Jesus was born, you would have
NOT spent $1 trillion by now...
but ~$700 billion- same amount the banks got during bailout!!!