Anti free market Senator wants free market student loans

[Quantum Windbag]

I would say I am surprised at her lack of principles, but that would require me to assume that people like Warren actually have principles.

Then again, pandering is a principle, of a sort.

Unlike a loan to pay for a house, a vehicle, or just about anything else your heart desires, you can’t refinance a student loan. The result is that student loans have become a rare way for the federal government to generate revenue, making $66 billion in profits off them between 2007-2012. Warren told The Daily Beast that she is discussing legislation with colleagues that would allow students to refinance their federal loans at rates currently offered to new borrowers. The legislation will be introduced in the coming weeks as Warren continues to work with other senators from both parties on the exact language.
Warren has long been working to reduce the $1.2 trillion in student loan debt currently held by Americans, seeing it as deeply problematic that the federal government makes a huge profit on student loans. In her opinion that “does not reflect our values” and presents a threat to the economic recovery. Warren cited a recent report that cited student borrowing as hurting the economy because the debt overhang kept many purchasing cars or houses.

The senator helped lead an unsuccessful fight against the Bipartisan Student Loan Certainty Act in the summer of 2013, which allowed the interest on future student loans to float freely at market rates, rather than face a government cap. Now, she simply wishes to apply those market principles to existing student loans. With current interest rates at around 3 percent, she notes that “the ability to refinance for someone who has an high interest loan could make the difference” about whether they’re able to pay the rent or not.

Yahoo!

 

[TemplarKormac]

Politicians don't realize how good something is until they start bashing it.

 

[HelenaHandbag]

I would say I am surprised at her lack of principles, but that would require me to assume that people like Warren actually have principles.

Then again, pandering is a principle, of a sort.

Unlike a loan to pay for a house, a vehicle, or just about anything else your heart desires, you can’t refinance a student loan. The result is that student loans have become a rare way for the federal government to generate revenue, making $66 billion in profits off them between 2007-2012. Warren told The Daily Beast that she is discussing legislation with colleagues that would allow students to refinance their federal loans at rates currently offered to new borrowers. The legislation will be introduced in the coming weeks as Warren continues to work with other senators from both parties on the exact language.
Warren has long been working to reduce the $1.2 trillion in student loan debt currently held by Americans, seeing it as deeply problematic that the federal government makes a huge profit on student loans. In her opinion that “does not reflect our values” and presents a threat to the economic recovery. Warren cited a recent report that cited student borrowing as hurting the economy because the debt overhang kept many purchasing cars or houses.

The senator helped lead an unsuccessful fight against the Bipartisan Student Loan Certainty Act in the summer of 2013, which allowed the interest on future student loans to float freely at market rates, rather than face a government cap. Now, she simply wishes to apply those market principles to existing student loans. With current interest rates at around 3 percent, she notes that “the ability to refinance for someone who has an high interest loan could make the difference” about whether they’re able to pay the rent or not.

Yahoo!

In fact, scams like that completely reflect the values of Marxist kleptos like Warren. How does she think it came to pass that two of the wealthiest counties in the nation are on the D.C Beltway?

Who, other than herself, is she trying to kid?

 

[The Rabbi]

Elizabeth Warren is as familiar with free market principles as a baboon is with a bagpipe.

Note her objection isn't lack of free market principles. Her objection is someone making a profit, which is a dirty word in her book. Actually her objection is someone could be given free shit and isn't and she intends to do it and take credit for it.

 

[Bombur]

Are people objecting to just Warren or her idea or both?

 

[OnePercenter]

There is NO free market.

 

[Dont Taz Me Bro]

There is NO free market.

Not much anymore, thanks to people like you.

 

[OnePercenter]

There is NO free market.

Not much anymore, thanks to people like you.

I didn't vote Republican.

 

[Vox]

There is NO free market.

Not much anymore, thanks to people like you.

I didn't vote Republican.

and that is exactly the reason why there is no free market anymore.

 

[OnePercenter]

Not much anymore, thanks to people like you.

I didn't vote Republican.

and that is exactly the reason why there is no free market anymore.

it seems you don't know what a free market is.