|
|
John Rockefeller on EducationDemocratic Sr Senator (WV) |
Proponents support voting YES because:
Rep. OBEY: This bill, more than any other, determines how willing we are to make the investment necessary to assure the future strength of this country and its working families. The President has chosen to cut the investments in this bill by more than $7.5 billion in real terms. This bill rejects most of those cuts.
Opponents recommend voting NO because:
Rep. LEWIS: This bill reflects a fundamental difference in opinion on the level of funding necessary to support the Federal Government's role in education, health and workforce programs. The bill is $10.2 billion over the President's budget request. While many of these programs are popular on both sides of the aisle, this bill contains what can rightly be considered lower priority and duplicative programs. For example, this legislation continues three different programs that deal with violence prevention. An omnibus bill is absolutely the wrong and fiscally reckless approach to completing this year's work. It would negate any semblance of fiscal discipline demonstrated by this body in recent years.
Veto message from President Bush:
This bill spends too much. It exceeds [by $10.2 billion] the reasonable and responsible levels for discretionary spending that I proposed to balance the budget by 2012. This bill continues to fund 56 programs that I proposed to terminate because they are duplicative, narrowly focused, or not producing results. This bill does not sufficiently fund programs that are delivering positive outcomes. This bill has too many earmarks--more than 2,200 earmarks totaling nearly $1 billion. I urge the Congress to send me a fiscally responsible bill that sets priorities.
The National Education Association has a long, proud history as the nation's leading organization committed to advancing the cause of public education. Founded in 1857 "to elevate the character and advance the interests of the profession of teaching and to promote the cause of popular education in the United States," the NEA has remained constant in its commitment to its original mission as evidenced by the current mission statement:
To fulfill the promise of a democratic society, the National Education Association shall promote the cause of quality public education and advance the profession of education; expand the rights and further the interest of educational employees; and advocate human, civil, and economic rights for all.In pursuing its mission, the NEA has determined that it will focus the energy and resources of its 2.7 million members toward the "promotion of public confidence in public education." The ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
Congressional Summary:Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the 3.4% interest rate on Federal Direct Stafford loans to loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2015. Replaces the [termination date of] 2013 with 2015.
Proponent's argument for bill:(US PIRG press release): The Student Loan Affordability Act keeps interest rates affordable for students over the next two years. If Congress fails to act by July 1, interest rates on federal Subsidized Stafford Loans will double from 3.4% to 6.8%. That would hike the cost of college by $1,000 per student, per loan, for over 7 million students across the country. The bill pays for extending the current interest rates through 2015 by closing three non-education tax loopholes.
Opponent's argument against bill:(Rep. Tom Cotton, R-AR): Unfortunately, too many students today struggle for years to repay their loans because Washington politicians dictate student-loan rates and end up hurting students and taxpayers alike. It's causing tuition costs to skyrocket, leaving students buried in debt, often without jobs, and forced to delay buying a home and starting a family. As students struggle to repay their loans--regardless of the interest rate--taxpayers are on the hook for a $100 billion bailout--a burden hard-working Arkansans shouldn't have to bear. A better path is to let Arkansas's hometown banks work with students and families to finance higher education, just as they do with homes, farms, businesses, and other loans. I'm committed to bringing affordable higher education to every Arkansan and ending the federal-government monopoly on the student-lending business.