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NYT Says Student Loan Reform Was the Clincher

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liberalpragmatist Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 09:23 PM
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NYT Says Student Loan Reform Was the Clincher
Lots of Democrats can point to lots of different moments when they think the health care bill was brought back from the brink of collapse.

But for a number of senior House Democrats, the crucial turning point was a meeting the night of March 9 in the offices of Speaker Nancy Pelosi. It was supposed to be a strategy session with Senate Democratic leaders about the budget reconciliation procedure that Democrats were planning to use to make final changes to the health care bill and push them through the Senate on a simple majority vote.

Instead, the session focused entirely on the question of whether to include another of President Obama’s top legislative priorities — a sweeping overhaul of federal student loan programs — in the reconciliation package.

...

Although overshadowed by the larger health care fight, the inclusion of the education bill may have been a decisive factor, especially at a time when House Democrats were exceedingly distrustful of their Senate colleagues and were essentially being forced against their better judgment to approve the Senate’s health care bill as the base law to which they would later make changes.

...

It was a huge victory for the House. “It’s remarkable in the impact it’s going to have on American people’s lives,” one senior Democratic leadership aide said. “It goes straight to the core of what the Democratic party represents — accessible education, helping people go to college and cutting the deficit.”

Republicans unleashed scathing criticism of the plan and derided it as both a government takeover of health care and a government takeover of student loan programs. But the government already supplies all the money for student loans, essentially paying private banks to make loans with taxpayer funds. The banks sell the loans back to the government at a profit.

> http://prescriptions.blogs.nytimes.com/2010/03/22/a-turning-point-in-the-health-care-fight/
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mucifer Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 09:25 PM
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1. Commies!
:sarcasm:
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 09:29 PM
Response to Original message
2. So in both cases, privateers were making a profit just by acting as a middleman while providing
Edited on Mon Mar-22-10 09:30 PM by BrklynLiberal
no meaningful services...


both a government takeover of health care and a government takeover of student loan programs. But the government already supplies all the money for student loans, essentially paying private banks to make loans with taxpayer funds. The banks sell the loans back to the government at a profit.
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vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 09:43 PM
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5. I personally think a student loan company is good.
But I've had more success with them and easier payment plan with them than with my school. The only positive with my school is lower interest rate. But I've had so many problems---where my student loans haven't come through in time with my school that the process is more problematic than worth than working with SallieMae who has been helpful and knowledgeable.
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BunkerHill24 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 09:40 PM
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3. Once again Mr. Obama came to the resque.....
Thank you Mr. President.
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vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 09:40 PM
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4. I love that aspect. As a student I'm glad. n/t
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 09:56 PM
Response to Reply #4
6. Kid is down with that too! He get's to stay on my insurance and this too.
Edited on Mon Mar-22-10 09:57 PM by lonestarnot
:bounce: for the kid. And poor Momz, can't forget her donut hole. Snort. :rofl:
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Oregone Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 11:10 PM
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7. The most liberal part of the health care bill wasn't even about health care
:)
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