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Excerpt: "Sen. Bernie Sanders...said deceptive claims by the White House mask a big boost in college loan interest rates that would be in store for students and parents under a White House-backed bill now before the Senate."

Senator Bernie Sanders is interviewed by a Reuters reporter, 11/28/06. (photo: Reuters)
Senator Bernie Sanders is interviewed by a Reuters reporter, 11/28/06. (photo: Reuters)


Bernie Sanders: Obama Disingenuous on Student Loans

By Reader Supported News

24 July 13

 

en. Bernie Sanders (I-Vt.) today said deceptive claims by the White House mask a big boost in college loan interest rates that would be in store for students and parents under a White House-backed bill now before the Senate.

"The White House is being disingenuous and is trying to sweep under the rug big increases in interest rates for students and parents in the near future," Sanders said. "Because college costs are out of control and interest rates are rising, students are leaving college deep in debt or in some cases choosing not to continue their education because they cannot afford it," Sanders added.

A member of the Senate education committee, Sanders disputed the White House report released today. He said the White House glossed over Congressional Budget Office projections that interest rates would hit 7.25 percent for undergraduate loans in five years. By 2018, graduate loans would hit 8.8 percent and parents would be charged 9.8 percent on college loans, according to the analysis by the non-partisan agency that provides economic data for Congress.

The senator questioned why a Democratic White House and Democratic majority in the Senate would go along with legislation patterned after a bill passed by the very conservative Republican-run House of Representatives. "During the campaign we told the American people that we were going to fight for working families and the middle class. Let's keep our promises," Sanders said.

The Senate is expected to vote this week on the student loan proposal. Sanders has proposed an amendment that would place a two-year limit on the deal. Adding a so-called sunset provision would give Congress time to focus on ways to make college more affordable before economists expect the significant interest rate increases to take effect.



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+33 # Rita Walpole Ague 2013-07-24 15:36
Go, Bernie, go! If only we could clone you, and fill every seat in the House and Senate with Sanders, Not Panders to the 1%.
 
 
+22 # Ma Tsu 2013-07-24 17:35
Educated people are such a valuable asset to society that students should be paid to study, as they do in Denmark, not charged, and certainly not charged increasingly high, not to say usurious, interest rates on loans for educational services of decreasing, not to say dubious, worth.
If we don't educate, properly educate, the young, we'll not have the brain power to innovate our way out of our current societal, not to say evolutionary, pickle. This is said, unequivocally, because the current generation, personified by this nation's leadership, shows neither the intelligence nor the resolve to confront, let alone rectify, said pickle.
 
 
+28 # WestWinds 2013-07-24 21:58
Poorly educated to non-educated IS the goal. People who are not educated can't think properly and are easily swayed by propaganda. The South is terribly non-educated and just look at the people they put in office to represent them, like Gov. Rick Scott who was implicated in a 1.7 billion dollar Medicare bill padding operation. Now the people of Floriduh have made this man governor and handed him Medicare for the whole state; how stupid is that???
 
 
-3 # MidwesTom 2013-07-24 22:24
The inverse to that is somehow limiting the vote to educated, or at least 'awake' people, which most people on RSN are radically opposed to. Uninformed voters are why we are in the mess that we are right now.
 
 
+1 # dkonstruction 2013-07-25 12:38
Quoting MidwesTom:
The inverse to that is somehow limiting the vote to educated, or at least 'awake' people, which most people on RSN are radically opposed to. Uninformed voters are why we are in the mess that we are right now.


1/3 of the country doesn't believe in evolution and a lot of those folks are college educated so formal education doesn't necessarily mean a damn thing.
 
 
0 # The Voice of Reason 2013-07-25 20:02
Evolution from what - apes? So tell me, did the apes decide to evolve, or just how did it happen, without using a word similar to miracle?

Aside from that, what did we evolve from, and what are we evolving into? Right now, apes are far smarter than humans, because apes don't use thier mental energies to cheat, impoverish, and kill their fellow apes.

What a shame we didn't evolve from pigs. Now there's one smart animal.
 
 
0 # dkonstruction 2013-07-26 13:34
Quoting The Voice of Reason:
Evolution from what - apes? So tell me, did the apes decide to evolve, or just how did it happen, without using a word similar to miracle?

Aside from that, what did we evolve from, and what are we evolving into? Right now, apes are far smarter than humans, because apes don't use thier mental energies to cheat, impoverish, and kill their fellow apes.

What a shame we didn't evolve from pigs. Now there's one smart animal.


As i recall, the apes were going to vote on whether to evolve or not but the Republican apes filibustered and wouldn't let it happen until the apes agreed to only allow those apes who had photo IDs to vote so that they could prevent the illegal, undocumented apes from voting. As a result they elected a smirking chimp and devolution reigned supreme once again.
 
 
0 # Anarchist 23 2013-07-25 12:56
Quoting MidwesTom:
The inverse to that is somehow limiting the vote to educated, or at least 'awake' people, which most people on RSN are radically opposed to. Uninformed voters are why we are in the mess that we are right now.

Oh good; let's take the vote away from women too and non-property owners. After all the original Constitution did not include them either. By all means let's discriminate against more people; that will fix the problem.
 
 
+5 # Maturus 2013-07-25 06:33
Further education in Denmark is highly selective - only the brightest students qualify - which is how they are able to fund their system from general taxation. Presumably Denmark, like Germany, provide far more training opportunities within corporations for the young people who do not meet the academic criteria for further education.
 
 
+11 # Walter J Smith 2013-07-24 21:37
Sanders "questioned why a Democratic White House and Democratic majority in the Senate would go along with legislation patterned after a bill passed by the very conservative Republican-run House of Representatives."

Because they love hiding behind the Tea Party.

That is their habit. They use the Tea Party to do their dirty work, then pretend they were against that dirty work.

They are more sleazy than the GOP, and that is some serious sleaze.
 
 
+2 # Jonathan Levy 2013-07-24 22:19
Correct except, they hide behind the republican party. I have been saying this on RSN forever and generally, about 90% don't get it. They still flock to the polls to vote for Obama as if he is any different in any significant way than say, that douche bag Romney.
 
 
+4 # RLF 2013-07-25 06:26
This Whitehouse is of the Leiberman variety...DINOs .
 
 
+2 # Walter J Smith 2013-07-25 08:06
Yes, but why pick on Little Big Ego Leiberman?

Why not include Feinstein, Schumer, Reid, and the other forty or so dinos in the senate?

Because it is those dinos and their counterpart rinos who have destroyed our government.
 
 
+1 # MidwesTom 2013-07-24 22:21
Bernie joined with the GOP to stop this bill according to the WSJ.
 
 
+5 # m... 2013-07-24 23:02
''Obama Disingenuous on Student Loans''

OK.. The good Senator Sanders has shed further public light on one of the MANY MANY things CEO-bama is disingenuous about.

Thanks Senator..! Its good we still have at least a few true Representatives of THE PEOPLE among all the Corporate Crony Creeps in aWashincashingt on.
 
 
+2 # BKnowswhitt 2013-07-24 23:12
Outrageous. Black man in white boys shoes Obama caves into it all. Think back to 2008 the change we all looked forward to. Time to realize folks that O' is a Politician in the most defined sense ....... and not the statesman we had hoped for. He wants to be liked and as a result he has 'fell' in line with the 'white run' establishment ...... so what's next or whom? Gee i cant' wait ..... er rrrrrrrrrrrrrrr rrrrrrrrrrr!!!! !!!!!!!
 
 
+1 # tigerlille 2013-07-24 23:21
Good God, Obama is disingenuous on about everything.
 
 
+1 # BKnowswhitt 2013-07-24 23:54
Barrack Obama. What a ball less sellout!!!!!!! Because of the Great Compromiser the Right Wing wins again and wait til you see the next Right Wing Creep who goes to WAshington thanks to way paved by the unnecessary compromiser ....... et al ......
 
 
+2 # BEN S. 2013-07-25 01:30
I'm not a conspiracy theory person, but I wonder if it has anything to with the fact that since Fannie Mae is going to be out of the housing market within the next few years, and has now moved into the student loans business (I know this because I now receive emails from them saying they now own my loans)... Just a thought...
 
 
+4 # michigan002 2013-07-25 07:04
You got it!!! Not a conspiracy--jus t standard operating procedure in Washington. Fleece the stupid 99%.
 
 
+5 # xflowers 2013-07-25 01:38
I have a friend who went to Germany to deliver her son. She has relatives there. Her goal was to give her son dual citizenship so that he can go to college there. He sure won't be able to afford to go to college here unless he wants to go into hock for the rest of his life.
 
 
0 # James Marcus 2013-07-25 02:44
This should only be the worst of his disingenuous mouth.
 
 
+4 # michigan002 2013-07-25 07:01
This is standard operating procedure for Obama. He is not the person he campaigned as, and now that he's in his second term and doesn't have to run again, he's showing us exactly who he is. Those Democrats supporting him are focused on their careers with the Democratic leadership and not on their constituents. Too bad for us.
 
 
0 # oakes721 2013-07-25 07:19
Like the movies and TV ~ there is only ONE plot with slight variations that is rerun again and again: good cop/bad cop with every vote a rigged result to keep ragged hope barely alive with "Darn, we ALMOST made it this time..." While candy-dates take photo-ops and turn around immediately to de-fund their own promises. The introduction of money (an I.O.U. or dollar BILL) was intended to introduce DEBT and was always in short supply to the citizenry. The powers that be no longer put the squeeze on you to PAY to get a good job ~ but instead, now want your signature to slavery up front.
 
 
+2 # jwb110 2013-07-25 10:26
The cost of University/Coll ege education is out of control and it is because, like healthcare, those institutions are being run as for profits. For profit, making profit and all the while more and more "per semester" individually contracted instructors and fewer and fewer tenured professors. Whether a person believes in the tenure system or not, there is an advantage to having a core of educators that act as a checks and balances system within the institution. Without that any fly by night nut case can end up teaching a bias for there specialty that is no where near what it should be.
 

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