Go Back   MacRumors Forums > Mac Community > Community Discussion > Politics, Religion, Social Issues

Reply
 
Thread Tools Search this Thread Display Modes
Old Jun 8, 2014, 03:34 PM   #1
jkcerda
macrumors regular
 
Join Date: Jun 2013
Obama signs student loan bill lowering interest rates

http://www.nbcnews.com/business/cons...es-f6C10887330
Quote:
President Barack Obama signed into law Friday a measure restoring lower interest rates for student loans, pledging the hard-fought compromise would be just the first step in a broader, concerted fight to rein in the costs of a college education.


Encircled by lawmakers from both parties in the Oval Office, Obama praised Democrats and Republicans alike for agreeing finally on what he called a sensible, reasonable approach to student loans even as he cautioned that "our job is not done."

it's about time. Glad BOTH sides came together for this one
jkcerda is offline   2 Reply With Quote
Old Jun 8, 2014, 03:40 PM   #2
Southern Dad
macrumors 6502a
 
Southern Dad's Avatar
 
Join Date: May 2010
Location: Walt Disney World
I notice the headline give Barack all the credit.
Southern Dad is offline   0 Reply With Quote
Old Jun 8, 2014, 03:41 PM   #3
Menel
macrumors 601
 
Menel's Avatar
 
Join Date: Aug 2011
Location: Atlanta
Quote:
Originally Posted by Southern Dad View Post
I notice the headline give Barack all the credit.
Is it invalid? Pretty sure thats one of the big roles of his office.
Menel is online now   1 Reply With Quote
Old Jun 8, 2014, 03:46 PM   #4
bradl
macrumors 68030
 
Join Date: Jun 2008
Quote:
Originally Posted by Southern Dad View Post
I notice the headline give Barack all the credit.
Wow, something actually BIPARTISAN and you continue with the partisan bickering. It sounds like nothing your opposing party does will ever please the palate.

BL.
bradl is offline   9 Reply With Quote
Old Jun 8, 2014, 03:46 PM   #5
iBlazed
macrumors 6502a
 
Join Date: Feb 2014
Location: Home of Gov. Chris Crispy
Quote:
Originally Posted by Southern Dad View Post
I notice the headline give Barack all the credit.
By saying that he signed the bill into law?
iBlazed is offline   3 Reply With Quote
Old Jun 8, 2014, 03:49 PM   #6
Peace
macrumors P6
 
Peace's Avatar
 
Join Date: Apr 2005
Location: Space--The ONLY Frontier
Quote:
Originally Posted by Menel View Post
Is it invalid? Pretty sure thats one of the big roles of his office.
Quote:
Originally Posted by bradl View Post
Wow, something actually BIPARTISAN and you continue with the partisan bickering. It sounds like nothing your opposing party does will ever please the palate.

BL.
Quote:
Originally Posted by iBlazed View Post
By saying that he signed the bill into law?
Perhaps if John Boehner had the power to sign bills into law it would be different but alas..The President signs all bills and treaties.

That's his job.
Peace is offline   7 Reply With Quote
Old Jun 8, 2014, 03:50 PM   #7
rdowns
macrumors Penryn
 
rdowns's Avatar
 
Join Date: Jul 2003
Quote:
Originally Posted by Southern Dad View Post
I notice the headline give Barack all the credit.

Oy. Who else can sign a bill into law?
__________________
Gay marriage isn't special rights, it's equal rights. "Special rights" are for political churches who don't pay any taxes.- J. Fugelsang
rdowns is offline   5 Reply With Quote
Old Jun 8, 2014, 04:03 PM   #8
jkcerda
Thread Starter
macrumors regular
 
Join Date: Jun 2013
Quote:
Originally Posted by Southern Dad View Post
I notice the headline give Barack all the credit.
Who cares? Obama gave BOTH sides credit

----------

Quote:
Originally Posted by rdowns View Post
Oy. Who else can sign a bill into law?
Correct me if I'm wrong , but the bill would become law even if Obama did not sign it , Obama could Veto the law if he wanted. But it would become law after 10 or so days if he did not sign it
jkcerda is offline   1 Reply With Quote
Old Jun 8, 2014, 04:07 PM   #9
yg17
macrumors G5
 
Join Date: Aug 2004
Location: St. Louis, MO
Quote:
Originally Posted by Southern Dad View Post
I notice the headline give Barack all the credit.
So when the two sides don't compromise to pass legislation, it's all Obama's fault because he's a terrible leader. When the two sides do compromise to pass legislation, Obama doesn't deserve any of the credit. Got it.
__________________
Barack Obama is not a foreign born, brown skinned, anti-war socialist who gives away healthcare. You're thinking of Jesus.
yg17 is offline   4 Reply With Quote
Old Jun 8, 2014, 04:12 PM   #10
Southern Dad
macrumors 6502a
 
Southern Dad's Avatar
 
Join Date: May 2010
Location: Walt Disney World
When there is a bill signed into law that cuts something, it's the Republicans cuts. Or the GOP House but when its something you want to tout? "Obama signs student loan bill lowering interest rates". Did Obama sign that bill that cut the amount of Food Stamps/SNAP? Just checking.

Republican cuts hurting big retaliers bottom line, more loss of Republican support?
Southern Dad is offline   0 Reply With Quote
Old Jun 8, 2014, 04:14 PM   #11
jkcerda
Thread Starter
macrumors regular
 
Join Date: Jun 2013
Quote:
Originally Posted by Southern Dad View Post
When there is a bill signed into law that cuts something, it's the Republicans cuts. Or the GOP House but when its something you want to tout? "Obama signs student loan bill lowering interest rates". Did Obama sign that bill that cut the amount of Food Stamps/SNAP? Just checking.

Republican cuts hurting big retaliers bottom line, more loss of Republican support?
The republicans worked with Obama here, perhaps you should call them or withdraw your support from them for doing something as evil as compromising to help students
jkcerda is offline   2 Reply With Quote
Old Jun 8, 2014, 04:17 PM   #12
Southern Dad
macrumors 6502a
 
Southern Dad's Avatar
 
Join Date: May 2010
Location: Walt Disney World
Quote:
Originally Posted by jkcerda View Post
The republicans worked with Obama here, perhaps you should call them or withdraw your support from them for doing something as evil as compromising to help students
I haven't said it was a bad thing. My point is how it labeled in this forum. If Obama signs a bill you like, it's all him. But if he signs one that you don't like, it's the GOP House.
Southern Dad is offline   0 Reply With Quote
Old Jun 8, 2014, 04:21 PM   #13
jkcerda
Thread Starter
macrumors regular
 
Join Date: Jun 2013
Quote:
Originally Posted by Southern Dad View Post
I haven't said it was a bad thing. My point is how it labeled in this forum. If Obama signs a bill you like, it's all him. But if he signs one that you don't like, it's the GOP House.
Head over to a conservative forum & you will see the opposite. There "O makes another ruling". <<<< as if Obama did it all on his own http://www.archerytalk.com/vb/showthread.php?t=2262243
EDIT. neither forum represents ALL of the U.S
jkcerda is offline   1 Reply With Quote
Old Jun 8, 2014, 04:27 PM   #14
citizenzen
macrumors 65816
 
Join Date: Mar 2010
Quote:
Originally Posted by Southern Dad View Post
But if he signs one that you don't like, it's the GOP House.
That would be a very weak argument, because some astute member—such as yourself—would come along and point out that Obama signed the bill into law.
citizenzen is offline   1 Reply With Quote
Old Jun 8, 2014, 04:46 PM   #15
Menel
macrumors 601
 
Menel's Avatar
 
Join Date: Aug 2011
Location: Atlanta
Quote:
Originally Posted by Southern Dad View Post
I haven't said it was a bad thing. My point is how it labeled in this forum. If Obama signs a bill you like, it's all him. But if he signs one that you don't like, it's the GOP House.

Show a thread example where anyone credited the GOP with signing a bill. That would be silly. As pointed out, Boner doesn't have that power.
__________________
iPhone 6 iPad Air Mac mini (i5, 2011)
Menel is online now   1 Reply With Quote
Old Jun 8, 2014, 05:03 PM   #16
JohnLT13
macrumors 6502a
 
JohnLT13's Avatar
 
Join Date: Dec 2012
Location: Boston (aka Red Sox Nation)
why is the fact Obama signed this bill to law overshadowing the fact struggling graduates will pay lower interest rates thus lifting some of the weight off their shoulders?
JohnLT13 is offline   0 Reply With Quote
Old Jun 8, 2014, 05:23 PM   #17
citizenzen
macrumors 65816
 
Join Date: Mar 2010
Quote:
Originally Posted by JohnLT13 View Post
why is the fact Obama signed this bill to law overshadowing the fact struggling graduates will pay lower interest rates thus lifting some of the weight off their shoulders?
Obvious answer: we've become obsessively and foolishly focused on partisanship and the struggle for power.
citizenzen is offline   8 Reply With Quote
Old Jun 8, 2014, 06:32 PM   #18
samiwas
macrumors 65816
 
Join Date: Aug 2006
Location: Atlanta, GA
Quote:
Originally Posted by Southern Dad View Post
When there is a bill signed into law that cuts something, it's the Republicans cuts. Or the GOP House but when its something you want to tout? "Obama signs student loan bill lowering interest rates". Did Obama sign that bill that cut the amount of Food Stamps/SNAP? Just checking.
When there's a bill signed into law that provides something for the average American or does something that super-rich business-folk don't like, it's "Nobama signed another law ruining our country." But when it's something that cuts taxes for the rich or lets people carry guns into a nursery, it's "Look at the law the GOP helped push forward".

Face it...Obama could **** rainbows and end worldwide poverty and you'd find a way to be negative about it.

I think it's great that student loans are getting an interest rate break. I never had any student loans, so I don't know the answer to this, but what is the typical interest rate currently (before any cuts)?
__________________
A lack of planning on your part should not constitute an emergency on mine.
samiwas is offline   3 Reply With Quote
Old Jun 8, 2014, 06:34 PM   #19
Southern Dad
macrumors 6502a
 
Southern Dad's Avatar
 
Join Date: May 2010
Location: Walt Disney World
Quote:
Originally Posted by samiwas View Post
When there's a bill signed into law that provides something for the average American or does something that super-rich business-folk don't like, it's "Nobama signed another law ruining our country." But when it's something that cuts taxes for the rich or lets people carry guns into a nursery, it's "Look at the law the GOP helped push forward".

Face it...Obama could **** rainbows and end worldwide poverty and you'd find a way to be negative about it.

I think it's great that student loans are getting an interest rate break. I never had any student loans, so I don't know the answer to this, but what is the typical interest rate currently (before any cuts)?
One day they'll actually address the real problem with the cost of higher education...
Southern Dad is offline   1 Reply With Quote
Old Jun 8, 2014, 06:46 PM   #20
Arran
macrumors 68000
 
Join Date: Mar 2008
Location: Atlanta, USA
Quote:
Originally Posted by Southern Dad View Post
If Obama signs a bill you like, it's all him. But if he signs one that you don't like, it's the GOP House.
Because it usually is!

----------

Quote:
Originally Posted by citizenzen View Post
Obvious answer: we've become obsessively and foolishly focused on partisanship and the struggle for power.
Well, some of us have.

----------

Quote:
Originally Posted by Southern Dad View Post
One day they'll actually address the real problem with the cost of higher education...
That would be good. Any suggestions how?
__________________
When the world zigs, zag
Arran is offline   1 Reply With Quote
Old Jun 8, 2014, 07:02 PM   #21
turtle777
macrumors 6502
 
Join Date: Apr 2004
Step in the wrong direction.

Lowering student loan interests will saddle even more students with loans.

The government needs to get out of the student loan business altogether.
That's the only way to bring cost of higher education down.

As long as there are (cheap) loans, tuition will keep rising at 7%-10% per year.

-t
turtle777 is offline   3 Reply With Quote
Old Jun 8, 2014, 07:05 PM   #22
citizenzen
macrumors 65816
 
Join Date: Mar 2010
Quote:
Originally Posted by Southern Dad View Post
One day they'll actually address the real problem with the cost of higher education...
Feel free to address it now.

What's your theory?
citizenzen is offline   2 Reply With Quote
Old Jun 8, 2014, 07:08 PM   #23
SLC Flyfishing
macrumors 65816
 
SLC Flyfishing's Avatar
 
Join Date: Nov 2007
Location: Portland, OR
Quote:
Originally Posted by Arran View Post
That would be good. Any suggestions how?
Raise interest rates, or better yet set the loan cap lower.

As long as students can borrow up to at least the cost of attendance (which is an arbitrary number the university gets to set) then higher education has no incentive to rein in costs.

My tuition goes up 4-6% per year, and I get no added benefit for that. These past two years I have pretty much gotten zero benefit actually.
SLC Flyfishing is offline   0 Reply With Quote
Old Jun 8, 2014, 07:11 PM   #24
iBlazed
macrumors 6502a
 
Join Date: Feb 2014
Location: Home of Gov. Chris Crispy
Quote:
Originally Posted by turtle777 View Post
Step in the wrong direction.

The government needs to get out of the student loan business altogether.
That's the only way to bring cost of higher education down.
Of course. Anything the government does is evil. Privatize everything. Maybe we should get rid of public state universities as well and privatize them?
Quote:
Originally Posted by turtle777 View Post
As long as there are (cheap) loans, tuition will keep rising at 7%-10% per year.

-t
How did you arrive to this conclusion?
iBlazed is offline   0 Reply With Quote
Old Jun 8, 2014, 07:18 PM   #25
turtle777
macrumors 6502
 
Join Date: Apr 2004
Quote:
Originally Posted by iBlazed View Post
How did you arrive to this conclusion?
It's basic supply and demand.

Students today can't afford college, because it's too expensive.
Government steps in, provides 90%+ of student loans - et voila - price is not an object anymore. Students suddenly don't care about the cost, they pay what's asked.

If that "magic" well of money supply would dry up, colleges would cut back on lavish pay packages, unnecessary administration (which today makes up more than 50% of the staff), and all kinds of stupid $%&# like new gym halls, expensive arts centers, basketball coaches paid millions of dollars etc.

Colleges right now raise prices at the same rate as financing (i.e. student loans) rise and are available. Cost will not come down until financing dries up.

-t
turtle777 is offline   5 Reply With Quote


Reply
MacRumors Forums > Mac Community > Community Discussion > Politics, Religion, Social Issues

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Similar Threads
thread Thread Starter Forum Replies Last Post
Interest 4 Loan Calculator Nur timeline iPhone and iPod touch Apps 4 Oct 14, 2014 04:18 AM
My head's going to explode if I don't figure out this loan interest... StephenCampbell Community Discussion 12 Apr 27, 2014 12:13 PM
Obama signs executive order to shut down all communications MacNut Wasteland 30 Jul 12, 2013 05:43 AM
How were taxes / tax rates before the Obama era? palmerc2 Politics, Religion, Social Issues 43 May 20, 2013 04:23 PM
Student Loan balance went to 0...not paid by me dukebound85 Community Discussion 32 Apr 22, 2013 10:13 PM

Forum Jump

All times are GMT -5. The time now is 11:25 AM.

Mac Rumors | Mac | iPhone | iPhone Game Reviews | iPhone Apps

Mobile Version | Fixed | Fluid | Fluid HD
Copyright 2002-2013, MacRumors.com, LLC