Friday, September 18, 2009

Where does Kaptur really stand on government takeover of student loans?

Yesterday, the House of Representatives voted to pass H.R. 3221, the Student Aid and Fiscal Responsibility Act of 2009, which basically takes over all student loans from the private sector, creates a new federal bureaucracy - including a 'green schools czar,' and puts the government in the position of being able to deny loans for students at schools that don't adhere to its wishes.

Oh - and it will cost about $100 billion a year!

The vote on the bill was 253-171, with 4 Democrats voting no and 6 Republicans voting yes. Our representative, Marcy Kaptur, voted with her party in the affirmative.

However ....

Last year, Congress voted on the Ensuring Continued Access to Student Loans Act (ECASLA), approving it by a vote of 388-21, with unanimous Democrat support - including Kaptur.

That bill allowed private sector lending and didn't create a new agency:

"The bill urges the Federal Financing Bank, the Federal Reserve, and other federal-chartered private entities such as the Federal Home Loan Banks to work with the Departments of Treasury and Education to ensure that students and families have access to federal student loans in the 2008-2009 academic year."

Because this bill had such broad support last year, the Republicans in Congress offered an amendment to extend ECASLA through 2014 as a substitute for H.R. 3221. Makes sense, doesn't it? After all, ECASLA had unanimous support from the Democrats - why wouldn't they want to continue something they'd previously supported?

Apparently, something changed - drastically!

The amendment failed 165-265 with 257 Democrats unanimously voting no - including Kaptur.

Why? Why was the private sector the solution last year, but government is the solution this year?

And why did Kaptur vote in favor of the private sector provision last year, but against it this year?

Inquiring minds....

3 comments:

Tim Higgins said...

Maggie,

When I read your post, the first thing that popped into my head was an old Chad & Jeremy song from my youth (you're too young to remember)

"... but that was yesterday, and yesterday's gone."

There is of course a new agenda on the horizon today, and it is to take control of as much of the private sector as possible. Banks, mortgages, health insurance, and now student loans.

And rather than argue with elected officials in such areas, let's put in a bureaucracy with no need or desire to be accountable to voters.

As for Rep. Kaptur, her inconsistency on such matters should surprise no one. Why should she worry when NW Ohio seems intent on keeping incompetent politicians and political families in power ad infinitum.

Maggie Thurber said...

Tim - I'm not too young to remember that song...

:)

Hooda Thunkit (Dave Zawodny) said...

Maggie,

Creeping incrementalissm is steadily on the march, slowly putting its hands around the collective throat of ALL americans, but nobody seems to be paying attention..., until it will be too late to avoid the stranglehold.

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