Pages

Jump to bottom

6 comments

1 KingKenrod  Fri, Apr 27, 2012 5:09:22pm

I paid 8% on my Stafford loans (taken out during the 90's), and this is to prevent rates from going to 6.8% on unsecured loans? Please. A $6 billion subsidy to this demographic (young, educated) seems like the wrong priority. Getting an unemployment/low earning forbearance on these loans is easy. Eventually these educated, above-average earners will be able to pay off their loans.

BTW, Democrats tried to raid the same preventive health fund earlier this year to support doctor's Medicare re-imbursements - another wealthy constituency.

2 (I Stand By What I Said Whatever It Was)  Fri, Apr 27, 2012 5:15:24pm
3 lawhawk  Fri, Apr 27, 2012 5:49:59pm

re: #1 KingKenrod

I too had to pay 8% on my Stafford student loans in the 90s, but to me, the bigger issue with student loans isn't the current interest rate that gets locked in, it's the fact that borrowers can't renegotiate the terms as with a mortgage. Once you're locked in, that's it. So, when interest rates dropped, you can't benefit - and the banks profit grows (regardless of what the subsidization is).

One way to deal with it is to cut/reduce the subsidy, but turn around and require banks to allow renegotiations/refinancing on student loans as with other long term loans. Allow them to charge a refinance fee (say $295), but allow the borrower to refinance to 10-20 years at the lower rates available (2-3 points over prime). That gets rid of the subsidies, but gives the borrower more freedom.

And for those who might be concerned when rates again rise, one could put in caps on the rates (which would in-turn become subsidies). However, it could mean significant savings for the foreseeable future - and reduce the debt burden for millions of students currently dealing with student loans and high interest rates.

4 moderatelyradicalliberal  Fri, Apr 27, 2012 7:14:23pm
In fact, preventative health care is something of a bargain since catching and treating ailments early can save money in the long run.

Not if it's your intention to let them die when they get really sick.

5 palomino  Sat, Apr 28, 2012 12:28:34am

But there's no GOP war on women, right?

6 Dark_Falcon  Sat, Apr 28, 2012 8:16:58am

re: #5 palomino

But there's no GOP war on women, right?

No, this is a general fund. It doesn't pay specifically for women's treatments. But any cut of a general fund hits women harder, because even childless women consume more healthcare services than men.


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal
Square Cash Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
Mad Men: Inside the Men’s Rights Movement—and the Army of Misogynists and Trolls It Spawned - Mother Jones On a balmy afternoon last June, dozens of demonstrators carrying “Stop the Violence” and “Rape is Rape” placards descended on the Hilton DoubleTree in downtown Detroit. They had come to protest the first-ever national gathering of the men’s rights ...
Birth Control Works
17 hours, 2 minutes ago
Views: 229 • Comments: 1 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Men Legally Allowed to Finish Sex Even if Woman Revokes Consent, NC Law States - Broadly ne May evening in 1977, Beverly Hester was sexually assaulted. According to the summary included in the North Carolina Supreme Court decision State v. Way, she testified that the perpetrator, Donnie Way, threatened to beat her if she didn't ...
Birth Control Works
17 hours, 8 minutes ago
Views: 224 • Comments: 0 • Rating: 0
Tweets: 3 • Share to Facebook
Shares: 0
Comments: 0
: 0
4 USAF Aircraft Destroyed or Damaged in a Week Thunderbirds F16 flipped when landing after their practice flight for Dayton Air Show. Two people hurt. 📷WHIO pic.twitter.com/LRcuVucKIm — Tom Podolec CTV News (@TomPodolec) June 23, 2017 A few days ago an F-16 crashed on takeoff at Ellington AFB, ...
Unshaken Defiance
19 hours, 13 minutes ago
Views: 233 • Comments: 0 • Rating: 0
Tweets: 4 • Share to Facebook
Shares: 0
Comments: 0
: 0
The Mets, Jets, and Dems; My Triumvirate of Lost Causesblog.timesunion.comFor pictures, click on the link above. The Mets, Jets, and Dems; my triumvirate of lost causesBy Rob Hoffman on June 26, 2017 at 5:53 AM0I’m in a slump. This is an undeniable fact, and not one of those alternative ...
rhoffman
1 day, 23 hours ago
Views: 283 • Comments: 1 • Rating: -2
Tweets: 2 • Share to Facebook
Shares: 1
Comments: 0
: 1
Why Are So Many Queer Girls in Juvie? The findings come out of years of research done by Angela Irvine and Aisha Canfield for the National Council on Crime and Delinquency (both now work at Impact Justice). For this particular statistic, they anonymously surveyed 1,400 girls in ...
Birth Control Works
2 days, 13 hours ago
Views: 276 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
North Carolina Televangelist Indicted on Charges of Tax Crimes Coontz, 50, is described on his website as a "pastor, evangelist, television host, author, humanitarian, philanthropist, businessman." "a 2011 BMW, a 2011 Regal 2500 boat, a 2012 BMW convertible, a 2011 Lexus, a 2011 Land Rover, a 2006 Ferrari, ...
Tarkloon
3 days, 10 hours ago
Views: 346 • Comments: 1 • Rating: 2
Tweets: 1 • Share to Facebook
Shares: 1
Comments: 1
: 1
Isaac Asimov’s Best Arguments of All Time, Part One ➤ #Subscribe: goo.gl➤ Facebook: goo.gl➤ Twitter: goo.gl➤ Google+ : goo.gl➤ Site: goo.gl➤ Thanks for watching :) #Sciencetoday is channel uses for #education, #teaching, #review, #commentary, or research... If you have any issues with content, please contact us, for an ...
Tarkloon
3 days, 10 hours ago
Views: 304 • Comments: 0 • Rating: 2
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
AWOLNATION - Hollow Moon (Bad Wolf) (Official Video) AWOLNATION's official video for "Hollow Moon (Bad Wolf)". Watch the new AWOLNATION video Run (Beautiful Things) - YouTube From AWOLNATION’s new album, ‘RUN’, available now at:iTunes - smarturl.it CDs, Vinyl + Bundles - smarturl.itGoogle Play - smarturl.it Stream ‘RUN’ ...
Tarkloon
3 days, 11 hours ago
Views: 254 • Comments: 0 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Judge Fines Kris Kobach $1K for Misleading Court on Materials He Brought to Trump Meeting Just another GOP liar, it's all they know how to do. WICHITA — A judge has fined Kansas Secretary of State Kris Kobach $1,000 for misleading the court about the contents of materials he was photographed taking into a ...
Tarkloon
3 days, 15 hours ago
Views: 624 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 2
Comments: 2
: 2
Bernie and Jane Sanders, Under FBI Investigation for Bank Fraud, Hire Lawyers Sen. Bernie Sanders, I-Vt., and his wife, Jane Sanders have hired prominent defense attorneys amid an FBI investigation into a loan Jane Sanders obtained to expand Burlington College while she was its president, CBS News confirms. Politico Magazine first ...
Tarkloon
3 days, 16 hours ago
Views: 494 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Shares: 0
Comments: 0
: 0