Once again, Harry Reid's failure to pursue filibuster reform bites Democrats in the ass . . .

[markpkessinger]

. . . not to mention college students.

http://www.huffingtonpost.com/2013/07/10/student-loan-vote_n_3573451.html?utm_hp_ref=politics

[babylonsister]

1. Bullshit. Read your own articles.

http://www.huffingtonpost.com/2013/07/10/student-loan-vote_n_3573451.html?utm_hp_ref=politics


The disagreement between the various parties hinges somewhat on whether student loan interest rates should be fixed to the government's cost to borrow for 10 years or a much shorter duration. Short-term Treasuries carry lower rates than longer-term debt.

The White House had initially offered tepid support for the one-year option, according to people involved in the deliberations. The administration has been working with the group of lawmakers led by Manchin and King to negotiate a compromise that could generate enough support from student groups, consumer advocates and Democratic lawmakers to pass into law.

In the meantime, 7 million students this coming school year are set to pay more, even though there is widespread support for preventing that very outcome. It’s unclear whether the sides ultimately will reach an accord.

"This should have been resolved much earlier," said Michael Dannenberg, Education Trust higher education director and a former Obama education official.

[markpkessinger]

2. From the article .. .

. . . The proposal on Wednesday was supported by 51 senators and opposed by 49, needing at least 60 votes in order to advance to a final vote. . . .

Perhaps you should take your own advice and read more carefully.

[msongs]

3. since Obama's crowd will reap a profit of $51 Billion in loan profits...

dems will be complicit thus losing an excellent weapon to use against repubs.

according to the article:

"The legislative jockeying comes amid a government forecast that the Obama administration will reap a $51 billion profit this fiscal year from the federal student loan program, according to the nonpartisan Congressional Budget Office. Nearly all new loans for higher education are provided by the federal government. The profit, generated thanks to near-record spreads between the government's cost to borrow and what students pay in interest, has contributed to the cumulative $1.2 trillion in educational debt carried by U.S. households."

[babylonsister]

4. Obama's crowd? What does that mean? nt

[RC]

5. It means they should have fought this, but didn't.