GOP Cuts Billions from Student Aid, Poor , Elderly

Liberals complain about the defecit all the time, and now they complain at budget cuts designed to get rid of that defecit?

 

liberals, independents and TRUE conservatives are complaining about the defecit and the economic policies of the bush administration.

bush is the biggest fiscal liberal this country has ever had. has he vetoed even ONE spending bill yet? who controls the house and senate again?

you and the bush administration need to get your priorities in order. any real christian would say that helping the poor, elderly and those trying to get educated would be a high priority.

yes we need budget cuts, but we also DONT need tax breaks for the wealthy and corporate welfare in the face of a unnecessary war in iraq which is costing you and me (the american taxpayer) hundreds of billions of dollars.

 

I dont support the defecit at all. But I also happen to know that it was created because, especially after 9/11, an upgrade in national security was required. The War in Iraq was also required to improve national security. But thats a different argument.

In case you haven't noticed, the economy is booming. The tax cuts DO help. Budged cuts, because of the defecit, are required, that should be obvious.

 

but please argue. pray tell how the war in iraq was required for national security when iraq never was a thread to the united states.

 

This is why many so called god-loving "conservatives" will rot in hell.

On the one hand they attend church every week and praise God and family values.

At the same time, they support the repeal of the estate tax that only affects the richest 1% of the population while eliminating programs for the poor and elderly.

Yes, that's what Jesus would do - take from the poor and give it to the rich.

 

Is there a link to this? I'm going to have to find out exactly how much money will be cut out of my grants, and how much more I'm going to be paying on my loans.

 

Who cares about education? Blowing up innocent people in a country far away is more fun!

 

The heated Senate debate yesterday also focused on complex student loan changes that would save $12.7 billion over five years. Under the provision, student loan interest rates would be locked in at 6.8 percent and could not be refinanced as commercial rates fluctuate. Private lenders would continue to be able to borrow money at a rate guaranteed to generate a profit.

Currently, any time the student loan interest rate is higher than the bank's guaranteed rate, the bank gets to keep the extra profit. Under the budget bill, that windfall would have to be returned to the federal government, a change that should yield $18 billion in savings. The change has strong Democratic advocates, including Sen. Edward M. Kennedy (Mass.).

But student groups, higher-education advocates and their allies in Congress say much more of those savings should go toward expanding higher-education assistance or lowering student loan rates, not deficit reduction. "They could give students a lower interest rate, but their choice is to keep interest rates high," said Luke Swarthout of the U.S. Public Interest Research Group. "They're asking students to pay for tax cuts."
http://www.washingtonpost.com/wp-dyn/content/article/2005/12/20/AR2005122000482.html?sub=AR

 

I prefer to think of them as the Striesand equivalent Bible Thumpers. They're political tools to be played with. Much like Pavlov's dog, they salivate over catch-phrases such as Guns, God, and Gays. A mere reference of Jesus or some oft quoted parable will make them fetch the Sunday paper for you.

As an elected official: Got a scandal? Get a picture of you going to church! Mention God every 5 minutes in an interview...All is forgiven!

I wager that number of these Americans aren't morons, but they are mentally lazy, easily threatened, and gullable to who they ultimately trust.

 

Hm..so it's a mixed bag. Good info.

 

It is not about spending money or not spending money
it
is about what you spend it on

Education, medicare, etc
or
Wars, rich folx, pork . . .

Rocket River

 

Iraq supported terrorism and was outspokenly against western culture. Saddam almost certainly funded terrorists and harbored them. If this is not a threat to national security, I dont know what is.

 

Nobody is spending money on "rich folx." It is the "rich folx" who spend the most money and actually drive the economy. Without these "rich folx" spending and earning, the "poor folx" would be even poorer. Bigger tax cuts are given to the rich because...they pay more in taxes to start with! The poor also get tax cuts, as do the middle class. And, guess what...the economy is booming right now. "Poor folx" are getting richer, "middle class folx" are getting richer, and "rich folx" are getting richer.

 

I'll never buy this argument no matter how many times it's said to me. I'll never support it because rich folx don't need tax breaks. They may spend the most money but they make the most money.

 

Glynch, provide a link please.

Edit: Found it.

 

"Budget experts say the bill would make only a dent in the federal deficit, slicing less than one-half of 1 percent from the estimated $14.3 trillion in federal spending over the next five years."

You left that part out, Glynch. What a joke. Please explain how cutting the budget that much is so evil?

 

I think this is the first piece of legislation passed by the GOP I've agreed with in long, long time. Way to go. A good place to start.

 

You're wrong.