|Senate Democrats killed GOP House Bill which tied student loan rates to the Treasury Note 10 Year Rate of 2.6%|
Click here for related story [Bill Chappell, NPR]
Today's headline tells us that those mean old Republicans have killed a bill in the Senate which would have allowed students [and their parents] to refinance their student loans to get substantially lower rates. But, once again, NPR is acting a purveyor of Democrat propaganda since NPR omits the critical reasons WHY the GOP blocked this bill.
They omit the fact that the House Republicans passed a bill on 23 May 2014 which would tie the interest rates on student loans directly to the interest rate on a 10-year Treasury Note. That bill was killed by Harry Reid when it arrived at the Senate.
Liz Warren, our Native American Senator
[well, she once saw the movie The Last Mohican, thus qualifying her to claim Indian heritage since she lives in New England, as did the Mohicans until Warren's ancestors killed them all]
proposed Tax Increase legislation in which she included one provision by which students [or their parents] could refinance their education loans.
Now, if that were the sole element in the legislation, it would have flown through Congress and straight to the Oval Office for signature, even though the earlier House Republican Bill was far more effective in reducing student loan interest rates; the GOP bill tied Student Loan Rates to Treasury's Ten-Year Note Rate, currently at 2.59%.
But, buried in the Democrat legislative proposal were lots of new taxes on "The Rich".
You know, all those "One Percenters" [of whom are many NPR luminaries and and executives].
|Al's kiss ended his marriage|