Texas now wants help from the Federal Government?

[Moab]

I'm a left wing liberal socialist democrat and make no apology for it.

I've seen America go downhill every since Ronald Reagan's economic theory; Trickle Down. That should be renamed to Trickle Out Economics.

The wealthy need no protection from government but the hard working middle class and below do need a good and very strong social safety net.

The hard working middle class has a right to good colleges without taking out student loans and then spending the next ten to twenty years paying them off to wealthy bankers ..

I'm proud of my positions ...

Loan Interest Rates by Disbursement Dates

Loan Type

First Disbursed between July 1, 2010 and June 30, 2011 (Direct Loans Only)

First Disbursed between July 1, 2006 and June 30, 2010

First Disbursed between July 1, 1998 and June 30, 2006

Direct and FFEL Subsidized Loans (Undergraduate Students)

Fixed at 4.5%

7/1/2006-6/30/2008:
Fixed at 6.8%

7/1/2008-6/30/2009:
Fixed at 6.0%

7/1/2009-6/30/2010:
Fixed at 5.6%

The interest rate is variable (adjusted annually on July 1st) and will not exceed 8.25%.

Between 7/1/2010 and 6/30/2011, loans in repayment or forbearance have an interest rate of 2.47%, and loans in an in-school, grace, or deferment period have a lower rate of 1.87%.

Direct and FFEL Subsidized Loans (Graduate Students)

Direct and FFEL Unsubsidized Loans

Fixed at 6.8%

Fixed at 6.8%

Direct PLUS Loans
(Parent,
Graduate and
Professional
Students)

Fixed at 7.9%

Fixed at 7.9%

The interest rate is variable (adjusted annually on July 1st) and will not exceed 9.0%.

Between 7/1/2010 and 6/30/2011, the interest rate is 3.27%.

FFEL PLUS Loans
(Parent,
Graduate and
Professional
Students)

Not Applicable

Fixed at 8.5%

[curtinsea]

I've seen America go downhill every since Ronald Reagan's economic theory; Trickle Down. That should be renamed to Trickle Out Economics.

All that says is how old you are. Do you forget how fucked up things were during the Carter years, or were you too young to notice?

[bluffmanxx]

I still stand by my original statement regarding Susan and before certain members start accusing me of "insulting" them, this isn't an insult, so if people wish to take the statement personal, that is up to them. It is merely a compliment towards Susan.

i for one agree that susan is very open minded, she can both hold her own in a discussion and accept new information that might change her views. i wish she would participate in the pit more often. her political position doesn't matter.

[Moab]

Just how fucked were things during Carter .. Last I heard was he inherited the Vietnam war debt, He sure didn't create OPEC and their embargo. He tried to bring around a change in energy consciences and reduce the dependency on foreign oil. He created the Strategic Energy Reserve, The SALT agreement, was his and he also negotiated Saddat's visit to Israel, AKA Camp David Accords, Pardoned all Vietnam protesters, Veterans and those who left for Canada. There were many things he had done right and is still building houses for the poor.

Carter did many great and wonderful things for America. He wasn't popular because he didn't give into Big Oil and didn't pretend to be a tough Cowboy who nearly bankrupted this country.

Do you forget how things were fucked up during Reagan? And are this very day.

All that says is how old you are. Do you forget how fucked up things were during the Carter years, or were you too young to notice?

[curtinsea]

J
Carter did many great and wonderful things for America. He wasn't popular because he didn't give into Big Oil and didn't pretend to be a tough Cowboy who nearly bankrupted this country.

Do you forget how things were fucked up during Reagan? And are this very day.

I remember a prime lending rate that was above usury in this state, making it impossible to borrow money, during the Carter years. What he inherited regarding the Vietnam War he can thank Kennedy/Johnson for, they started and escalated it.

The Reagan years were pretty prosperous for this working man. Reagan was the first President I voted for, and if he could have run for a third term I would have voted for him again. Bush 1 turned out to be a pussy, and when he broke his "no new taxes" pledge, a serious decline started that didn't end until the mid 90's. You can credit Clinton for that, I suppose, but you must also credit Newt for turning Clinton's heading after the '94 elections. I give them both credit because if Newt hadn't gotten the GOP in power in the congress, Clinton would have spent us to death, and if Clinton hadn't kept check on Newt, he would have fucked things up like they did in 2006-2008

[bluffmanxx]

I give them both credit because if Newt hadn't gotten the GOP in power in the congress, Clinton would have spent us to death, and if Clinton hadn't kept check on Newt, he would have fucked things up like they did in 2006-2008

very good read on what transpired. some call it political gridlock - i call it effective checks and balances that prevent either side from implementing their one sided policies. compromise - what a concept.

we can only hope that there is compromise now that the republicans control the house. it's going to take both spending cuts AND some tax increases to deal with the debt crisis. real cuts, not the BS "projected savings" of obama care. and the republicans are going to have to accept the fact that letting the bush tax cuts expire for those with incomes above a certain level has to be done as well. throw in some rational means testing for social security and medicare along with changes to the eligibility age for those more than 10 years or so away from current eligibility and we might make some progress.