Entries in student loans (1)

Friday
24Apr2009

Editoral: Let the Dems Govern

From The Huffington Post: Obama Vows to use Reconciliation to end the Bank Subsidized Loan Program

The  of the FFEL student program program needs to end. Bush and the 2000 era republicans though it was a good idea to give the student loans to banks, guarantee the loans with federal dollars while giving banks the profit; this had the effect of increasing the cost of the loans. Direct Lending is a far better idea that saves students money and gives the profit back to the government for reinvestment in education.

Critics of Obama and the Congressional Democrats argue that these measures should be done with Republican support in a bipartisan way. Obama and congress are planning on using the same reconciliation process for health care unless Congress is able to come up with legislation by October 15th. Obama is doing what he was elected to do: fix this country.

Issues such as these and others, like energy policy, are too critical to leave to compromise in the form of watered-down, Republican-influenced legislation. Democrats need to realize that this is the time to take action and govern the country on the reform agenda we were elected on in 2006 and again in January.

America is the only western democracy where the party in charge is asked to let the opposing party block their initiatives under the umbrella of bipartisanism. It's time to let the democrats govern and push our country forward.