House approves cuts to student loan program

[CptObvious]

http://news.yahoo.com/s/ap/20051026/ap_on_go_co/congress_budget_cuts

The House Education and the Workforce panel, for example, was told to generate $18 billion in savings over five years. On Wednesday it approved squeezing lenders in the student loan program and raising premiums to employers for government insurance of their employees' and retirees' pension benefits.

It also imposes new fees on students who default on loans or consolidate them and higher fees on parents who borrow on behalf of their college-age children. California Rep. George Miller, the senior Democrat on the panel, called the package a "raid on student aid."

Penalizing students for consolidating their loans, and levying fees on people who can't even pay their loans....sounds like a great idea.

 

[ntdz]

Any govt spending cuts are good at this point.

 

[Rainsford]

Originally posted by: ntdz
Any govt spending cuts are good at this point.

Sure, but if we're cutting things, shouldn't the stuff that we can better do without be on the chopping block first? At a time when higher education is more expensive than ever, and we're starting to face steep competition from overseas...is now the best time to be trashing education?

 

[dahunan]

rich get richer 😉

this is all part of the big outsourcing plan.. and a method to drop wages

 

[Engineer]

$35 billion over 5 years in total cuts and looking to add another 15 billion. About $10 billion per year in a 2,500 billion budget. Chickenfeed. On top of that, cut one of your most prized investments: EDUCATION.

Of course they couldn't cut the bridge pork, or some of the big oil energy break pork....but cut educational spending: NO PROBLEM.

<---- Shakes head.

 

[glenn1]

Sure, but if we're cutting things, shouldn't the stuff that we can better do without be on the chopping block first? At a time when higher education is more expensive than ever, and we're starting to face steep competition from overseas...is now the best time to be trashing education?

How about asking those providing higher education (the bulk of which is done in public universities) to cut their bloated cost structures and find a way to get by on less than 8% annual tuition hikes for decades on end, or heaven fvcking forbid actually CUT tuition? They're money pits who can't seem to budget for sh!t and yet you propose having government throw more cash into their maw.

 

[dahunan]

Education loses $18,000,000,000

Big OIL GAINS $15,000,000,000

Yes, I love Politicians.. they are so in tune with the needs of Americans

 

[ntdz]

Originally posted by: Engineer
$35 billion over 5 years in total cuts and looking to add another 15 billion. About $10 billion per year in a 2,500 billion budget. Chickenfeed. On top of that, cut one of your most prized investments: EDUCATION.

Of course they couldn't cut the bridge pork, or some of the big oil energy break pork....but cut educational spending: NO PROBLEM.

<---- Shakes head.

When have education spending increases ever been show to increase the quality of our education?

 

[dahunan]

Originally posted by: ntdz

Originally posted by: Engineer
$35 billion over 5 years in total cuts and looking to add another 15 billion. About $10 billion per year in a 2,500 billion budget. Chickenfeed. On top of that, cut one of your most prized investments: EDUCATION.

Of course they couldn't cut the bridge pork, or some of the big oil energy break pork....but cut educational spending: NO PROBLEM.

<---- Shakes head.

When have education spending increases ever been show to increase the quality of our education?

THIS IS MONEY IN LOANS TO THE PEOPLE>>> IT DOESN'T GO DIRECTLY TO THE SCHOOLS

You are really losing touch lately..

 

[Engineer]

Originally posted by: ntdz

Originally posted by: Engineer
$35 billion over 5 years in total cuts and looking to add another 15 billion. About $10 billion per year in a 2,500 billion budget. Chickenfeed. On top of that, cut one of your most prized investments: EDUCATION.

Of course they couldn't cut the bridge pork, or some of the big oil energy break pork....but cut educational spending: NO PROBLEM.

<---- Shakes head.

When have education spending increases ever been show to increase the quality of our education?

So I guess if someone can't afford to go to college because they can't get a student loan, then their education is just as good as it would have been while in college? WOW!

<---- Shakes head again.

No comment on the $15,000,000,000 in tax breaks to big oil vs the $18,000,000,000 in educational student loan cuts? Let the US get behind to China or India in science and engineering and see what real outsourcing is.

 

[EatSpam]

Originally posted by: ntdz
Any govt spending cuts are good at this point.

But this is being pennywise, pound foolish. Educated citizens are our country's future... but then again, this is America, not China.

 

[Todd33]

Originally posted by: ntdz

Originally posted by: Engineer
$35 billion over 5 years in total cuts and looking to add another 15 billion. About $10 billion per year in a 2,500 billion budget. Chickenfeed. On top of that, cut one of your most prized investments: EDUCATION.

Of course they couldn't cut the bridge pork, or some of the big oil energy break pork....but cut educational spending: NO PROBLEM.

<---- Shakes head.

When have education spending increases ever been show to increase the quality of our education?

You ignored the point, or missed it. When cutting programs, why start with something like student loans and lets pork like the energy bill, transportation bill, prescription drug bill, etc. get full funding? The discussion wasn't about what you get for your dollar in education, but where cutting starts with these pukes.

Or should we speak ntdz?

When have energy spending increases ever been show to descease the cost of our energy?

When have transportaion spending increases ever been show to increase the quality of our transporting?

When have presciption spending increases ever been show to descrease the cost of our drugs?

 

[glenn1]

So I guess if someone can't afford to go to college because they can't get a student loan, then their education is just as good as it would have been while in college? WOW!

You sound like you own stock in Penn State or something. How much the federal government gives or doesn't give to student loan programs is absolutely irrelevant. The simple fact is that colleges do not know how to budget and do not, will not cut costs. Giving even a penny to student loan programs is just digging the hole deeper, we need to address the cost side on the university level. There is no reasonable explanation why a taxpayer supported institution should get away with, much less need, increases in costs far outpacing inflation for years and decades on end. Confront the sacred cow university system first and then you'll have standing to whine about student loan programs.

 

[dirtboy]

This thread is funny. Liberals complain that the govt needs to cut everything to eliminate the deficit, for the deficit is the true problem. The govt makes a move to cut education and they line up to complain that it isn't fair.

 

[dahunan]

Originally posted by: glenn1

So I guess if someone can't afford to go to college because they can't get a student loan, then their education is just as good as it would have been while in college? WOW!

You sound like you own stock in Penn State or something. How much the federal government gives or doesn't give to student loan programs is absolutely irrelevant. The simple fact is that colleges do not know how to budget and do not, will not cut costs. Giving even a penny to student loan programs is just digging the hole deeper, we need to address the cost side on the university level. There is no reasonable explanation why a taxpayer supported institution should get away with, much less need, increases in costs far outpacing inflation for years and decades on end. Confront the sacred cow university system first and then you'll have standing to whine about student loan programs.

Then which should come first.. the cuts to STUDENT LOANS or the reorganizing of their Govt. Employee Bueracracy

Obviously the students should not be punished for the sins of the politicians and govt employees who are unwilling to pull their mouths off of the titters.

 

[rickn]

and the students watch all those jobs sail into the sunset...destination: India

 

[dahunan]

Originally posted by: dirtboy
This thread is funny. Liberals complain that the govt needs to cut everything to eliminate the deficit, for the deficit is the true problem. The govt makes a move to cut education and they line up to complain that it isn't fair.

Is this the only trolling you will do in this thread or do you have more to add...

Education is something people are willing to paying taxes for

Giving FIFTEEN BILLION DOLLAR TAX CUTS TO BIG OIL IS NOT

your ilk make me so angered I want to say things that will get me banned

 

[Engineer]

Originally posted by: glenn1

So I guess if someone can't afford to go to college because they can't get a student loan, then their education is just as good as it would have been while in college? WOW!

You sound like you own stock in Penn State or something. How much the federal government gives or doesn't give to student loan programs is absolutely irrelevant. The simple fact is that colleges do not know how to budget and do not, will not cut costs. Giving even a penny to student loan programs is just digging the hole deeper, we need to address the cost side on the university level. There is no reasonable explanation why a taxpayer supported institution should get away with, much less need, increases in costs far outpacing inflation for years and decades on end. Confront the sacred cow university system first and then you'll have standing to whine about student loan programs.

While you might be right and that I agree that University tuition and spending is out of control, it still doesn't change the fact that currently cutting student loans isn't going to effect someone's education. If loans are cut "AND" the system, as you describe, isn't fixed, then fewer participants will be enrolled at which time the universities will simply raise tuition again. No, I don't own stock in anything but you can just jump in and cut without have some sort of ramifications.

Still no comment on the big government pork projects? Anyone?

$10 billion per year on a budget of $2,500 billion (or more) which is peanuts, and all from something that still gives more bang for the buck, education, than almost any other. If we are to move from this manufacturing society to technical society (or whatever those who love outsourcing call it), then education is the key. Cuts in education are piss poor.

Ah hell, why do I care. I've got my education paid for and will take care of my own kids. The rest of the poor slobs out there can beg for their! 😀

 

[Rainsford]

Originally posted by: dirtboy
This thread is funny. Liberals complain that the govt needs to cut everything to eliminate the deficit, for the deficit is the true problem. The govt makes a move to cut education and they line up to complain that it isn't fair.

When most people suggest that the government needs to cut the budget, they mean they should cut back in certain areas and leave others alone. Actually budget, as it were. I see nothing strange about suggesting certain things remain in a smaller budget...isn't that how you come up with a balanced budget? This applies if you are a government of a private citizen. I don't know about you, but I make a budget by listing everything I spend money on, and looking for places I can spend less without impacting my life too badly.

 

[glenn1]

Then which should come first.. the cuts to STUDENT LOANS or the reorganizing of their Govt. Employee Bueracracy

Both simulataneously. I'd prefer the federal government got out of the student loan business immediately and stay out. Uncle Sam isn't a credit union.

 

[Todd33]

Confront the sacred cow university system first

Wow, the fleecing of America, colleges!

Ya, ignore the energy companies like Enron, get Yale. Higher education is hardly a cash cow, they survive by grants, donations and tuition. They have operating cost, unless you think professors and buildings are free. I suppose we should go after their "profits" while we hand out more "incentives" for big oil.

 

[Rainsford]

Originally posted by: glenn1

Sure, but if we're cutting things, shouldn't the stuff that we can better do without be on the chopping block first? At a time when higher education is more expensive than ever, and we're starting to face steep competition from overseas...is now the best time to be trashing education?

How about asking those providing higher education (the bulk of which is done in public universities) to cut their bloated cost structures and find a way to get by on less than 8% annual tuition hikes for decades on end, or heaven fvcking forbid actually CUT tuition? They're money pits who can't seem to budget for sh!t and yet you propose having government throw more cash into their maw.

Did I say that shouldn't be done too? Don't assume, I went to one of those public universities doing that kind of insane tuition hiking. I was lucky, I had a full scholarship for the last two years I was there. Even with more reasonable increases in tuition, college is still expensive, and I think having a highly educated population should be very high on the list.

Edit: And as far as I remember, the reason tuition went up so much when I was there was that the state of Iowa decided to spend much LESS money funding one of their state universities. In a state with enough problems attracting high tech industry, underfunding a large state school seems like a poor decision.

 

[Engineer]

Originally posted by: glenn1

Then which should come first.. the cuts to STUDENT LOANS or the reorganizing of their Govt. Employee Bueracracy

Both simulataneously. I'd prefer the federal government got out of the student loan business immediately and stay out. Uncle Sam isn't a credit union.

Maybe not, but it's one of the best investments that the government can get into. Lose our technological edge to Chinese, India, etc. and watch the walls crumble even faster.

Oh well, I'm too tired to battle anymore in this thread or any other thread for that matter. Goodnight P&N. Token cuts that are meaningless in the size of government spending but could have a rather large future ramifications.

/bed

 

[EatSpam]

Originally posted by: Todd33

Confront the sacred cow university system first

Wow, the fleecing of America, colleges!

Of course they'd be going after colleges - bastions of anti-Jebus, librul thought that they are. The Earth is the center of the universe and Gawd smiles upon it, I tells ya!

 

[dahunan]

Yes Sireee.. .cut funding for Higher Education and increase funding for faith based organizations.. HALLELUJAH