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Obama signs higher-education measure into law

Updated 1:15 p.m.
By William Branigin

President Obama signed into law Tuesday a package of revisions to his new health-care overhaul that includes a measure aimed at making higher education more affordable.

The provision ends what Obama called a long-standing "sweetheart deal" for banks in federally guaranteed student loans.

In a speech and signing ceremony at the Alexandria campus of Northern Virginia Community College, Obama said the health-care reform legislation and the revisions represent "two major victories ... that will improve the lives of our people for generations to come."

He said the Health Care and Education Reconciliation Act of 2010 would save taxpayers $68 billion in the coming years by cutting out the role of banks and lending institutions as middlemen in federally guaranteed student loans. The money is to be channeled into the Pell Grant program, invested in community colleges and historically black colleges and used to make student loans more affordable by capping repayments at 10 percent of discretionary income starting in 2014.

Republicans in Congress were unified in their opposition to the health-care overhaul, and a spokesman for Senate Minority Leader Mitch McConnell (R-Ky.) criticized the student-loan legislation Tuesday, saying it would have "devastating consequences" for employees of lending institutions. He pointed to estimates that 30,000 jobs could be lost nationwide. The largest student lending firm, SLM Corp., known as Sallie Mae, has said it could be forced to lay off nearly 30 percent of its 8,600 U.S. employees.

Obama said billions of dollars that could have been spent helping more students to attend college or easing tuition burdens went instead to "padding student lenders' profits." He told the audience that major banks "hired an army of lobbyists" to defeat the legislation and that Sallie Mae "spent more than $3 million on lobbying last year alone."

Before signing the bill, Obama paid tribute to lawmakers who had "the courage to do what's right" by supporting the health-care and student loan legislation in the face of attacks he described as "fierce and unrelenting -- and inaccurate."

Obama said the education measures would help meet his national goal of having the highest proportion of college graduates in the world by 2020.

Because of the reforms, he told a cheering crowd at the community college, "the foundation on which America's future will be built is stronger than it was one year ago."

"Today we mark an important milestone on the road to health-insurance reform and higher-education reform," Obama said. "But more broadly, this day affirms our ability to overcome the challenges of our politics and meet the challenges of our time."

Obama was introduced by Jill Biden, the wife of Vice President Biden. An English teacher at the Alexandria school, she was asked by Obama to host a summit on community colleges at the White House this fall.

"I am pleased to say that the reforms in this bill will make a huge difference to those Americans who need it most," Biden said.

By William Branigin  |  March 30, 2010; 12:04 PM ET
Categories:  44 The Obama Presidency , Education  
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Comments

Some of you who have made comments on here really need to grow up. A lot of what I am reading stems from racial issues and just plain selfishness. As long as you are a citizen of America, you will pay taxes, period! The taxes we pay are meant to help build American society in whatever facet that may be. We may not always agree with how our tax dollars are spent but I am positive that there will never be a time when everyone in this country will be happy with how our government handles our expeditures but if we all work together maybe we can see our way out of this mess.

Now, some of you seem to think that you have all the answers yet if you did, I am sure you would be in a much different position then spending time spewing your narrow opinions on this site. As far as healthcare is concerned, I am sure that if some of you were in a tragic car accident and paralyzed from the neck down yet had no insurance to facilitate your medical needs, you would definitely have a different perspective on having the government provide free access to healthcare. Will we all have to chip in to pay for it, YES...but we chip in on many things that are less valuable than healthcare already so why not chip in on something we all could actually benefit from.

As far as the racist attitudes, well only God can help you with that one. I see that as the inferior characteristic of man. Racism or even the very hinting of it, stems from jealousy and again, inferiority and leads to ignorance and selfishness. If you think that you are superior and others are inferior then I question your mortality, for no matter what color you may be, you will surely one day die and that is a FACT that no color line can divide. It is embarrassing to see that we are one of the best countries in the world to reside in...and we insult and threaten our own President...yet we invade countries and call ourselves teachers of democracy and we don't even respect the powers that be, whether you disagree with them or not,...sounds like hypocracy and the whole world's laughing...

Posted by: casuell | April 2, 2010 12:44 AM | Report abuse

Higher education is anti-republican

The smarter people are, the less they vote republican.

Ignorance is the life blood, the sustaining staple of the republican party.

They need as many stupid, ignorant people as they can, and keep them from getting an education, if they want to be considered seriously as a party.

Posted by: jfern03 | March 31, 2010 2:13 PM | Report abuse

I'm a little confused, don't blacks have to graduate high school before they go YOcollege?

How is that gonna work?
Posted by: jhayne5 | March 30, 2010 4:34
===========================
Well actually, they don't. All they need is Obama and my tax money.

"YOU SIR ARE A DISGRACE TO THE LAND OF AMERICA DONT MAKE COMMENTS LIEK THAT ITS 2010 " GET OVER IT and guess what ..there is nothing you can do ur words mean nothing b/c the president is black and it will b that way for the next 3 years :-) I LOVE THIS! AND NO IM NOT BLACK IM WHITE! U JUST MAKE ALL OF US GOOD WHITE FOLKS LOOK BAD WITH IGNORANT COMMENTS LIEK THAT

Posted by: Littles23 | March 31, 2010 10:05 AM | Report abuse

There is nothing more important than education (I think you can tell by reading some of the posts after this article). I can't believe that Republicans could find this part of the bill a "bad" thing. But, if Obama proposed it then the GOP is against it. They would rather he fail then the country succeed. Quite a platform!!!

Posted by: pgmichigan | March 31, 2010 9:35 AM | Report abuse

Yea, I'm sure a more affordable education is just the kind of insidious plot to undermine capitalism that Marx had in mind. Let the revolution begin.

Posted by: EnemyOfTheState
========================================================
Another member of the BBB club (brainwashed by Beck). Hard as it is to educate a neanderthal, I will try. Manifest destiny (a coast to coast capitalistic America) was done by giving railroads and citizens free government land. A mile on either side of a track was given to the railroad. The homestead act gave land to citizens when the fenced it and the 16th parcel of all tracts was to build a school. You're so called socialism built our great nation.

Posted by: jameschirico | March 30, 2010 8:59 PM | Report abuse

Odumbo's reparations plan, also known as the healthcare welfare spendathon, is upon us.

God help us all.
===============================================================
Have the conservatives started a new religion that I am unaware of, one that does not minister to the sick, one that does not help the poor, one that harms others for personal gain. Please let me know.

Posted by: jameschirico | March 30, 2010 8:46 PM | Report abuse

Gee, I don't recall our elected representatives debating this bill in the interests of the people they represent. It must be that I wasn't paying attention because I know our elected representatives would never be so corrupt as to hide a bill like this in another bill to get it passed without any attention from the public they represent. No. They wouldn't do that, not them! They are there for us, right? .... I did miss something, didn't I.

Posted by: dchapman | March 30, 2010 8:09 PM | Report abuse

Yea, I'm sure a more affordable education is just the kind of insidious plot to undermine capitalism that Marx had in mind. Let the revolution begin.

Posted by: EnemyOfTheState | March 30, 2010 12:44 PM | Report abuse
============================

Typical display of ignorance of history and the guiding philosophy of our founding fathers.

In case you were not aware - they were all about education for the population, knowing full well that ill-informed people (as you obviously seem to be) would not be able to make the democratic republic sustain a wildly changing world.

But go ahead - you can keep being an ostrich - but watch out - ostrich meat is in vogue in some quarters.

Posted by: TPartier | March 30, 2010 7:51 PM | Report abuse

Here are some facts and factoids for those of you who type first and think later.

1. After the collapse of the credit markets in 2008, banks fled student-aid programs in droves. Thus, schools started steering students to direct loans which are most cost-efficient, and which end up costing the government less as well as they're not subsidizing private lenders. In 2009, nearly 80% of lenders voluntarily left the student loan lending business, leaving much of the control either in the hands of the government, or with large private layers who were being subsidized by the government.

2. Direct loan programs cut interest rates in half. How is that not better for the American consumer?

3. Private lenders got into the business of lending for student loans only AFTER the government guaranteed them huge incentives and payments in about 1994. They were not responding to a market-driven demand, but merely responded to one created for them by the Congressmen they lobbied.

4. Some of the savings will be channeled to community colleges and historically black colleges. Rather than scream "black on white" racism, it would make sense to figure out why. First, community colleges in this country are woefully unfunded, and, thus, unable to provide or expand the kinds of technical, and trade-related programs that many students find attractive. Statistically, the makeup of such schools tends to be blue collar, middle class, and white. For whatever reason, many black students are drawn to historically black colleges that also provide technical and trade-related 2-year degree programs. However, like community colleges, many have been unable to provide such programs in any sizable manner. This bill tries to alleviate that problem. Also, in the past, private lenders often refuse to provide loans for 2-year trade-related programs. This provision also attends to that problem.

5. Direct lending will save over $60 billion. How is that not good for reducing the deficit?

So you can keep screaming racism and socialism, but, frankly, it just makes you look silly and ill-informed.

Posted by: jaysit | March 30, 2010 7:26 PM | Report abuse

well, good angel, the banks are paying back the loans with interest and so are the auto companies. Obama has Volcker and Rubins (sp?) who were principals in Clinton getting the budget balanced so ease off. If the results weren't very good you'd have room to complain but that isn't the case.

Posted by: TerrenceKai | March 30, 2010 6:20 PM | Report abuse

So the Republicans are anti-handout and anti-bailout for the banks but they were all for having banks be the middlemen in federal student loans?? Isn't that a handout Mr O'Connell? That just smells funny..like everything else Republican

Posted by: cmsatown | March 30, 2010 3:56 PM
==============================
The racist elements in the bill giving to "black" colleges should be a hint to rubes like you who don't understand the purpose.

Having a middleman at least prevented the government into making demographics the deciding factor into loans.

Being a liberal though you love race baiting and bigotry.

Posted by: Cryos | March 30, 2010 5:36 PM | Report abuse

What the hell do student loans have to do with health care? If you don't understand that governments are a necessary evil that must be kept in check, you must have slept through history class. If you think health care is expensive now wait until it is free you stupid stupid people. By the way "teapartier" should change his name to "d-bag"

Posted by: ziggy178 | March 30, 2010 5:33 PM | Report abuse

Please note the "historically black" colleges. I thought discrimination because of race was against the law. Now the president is doing it. Do you ever think about the white half of him being disgusted with his actions?

Posted by: good_angel | March 30, 2010 5:30 PM | Report abuse

He bails out banks for billions of dollars one month, then he goes around telling people that banks are greedy and students need to be protected from them!!

UHHH.... WHICH IS IT HUSSEIN??

This president changes his tune every other minute. He calls doctors greedy but then you see him on TV with a bunch of phony doctors with white suits standing behind him when he makes speeches!

This president should walk around with a wheel barrow to carry the set of balls he has!
==================

Don't recall him ever calling doctors (at large) greedy, and the rest of your logic falls on its face.

You try and pretend that all situations within an industry are identical - but we're not as shallow brained as you.

And yeah - if we had to bailout a bank and they turned around and gave undeserved bonuses - they are greedy.

I can only imagine what you would be saying today if Bush hadn't bailed the banks out and we had fallen into an even deeper recession.

You know - you should just quit while your mindless blather falls any further behind than it already is.

Posted by: TPartier | March 30, 2010 5:30 PM | Report abuse

Yet another socialist government take over of private banking business. Next will be allowing 20,000,000 criminal illegal aliens to get citizenship and keep the 8,000,000 jobs they have stolen from real Americans. Currently millions of skilled construction workers, carpenters, masons, etc. are out of work while 8,000,000 illegal aliens take their jobs at below standard wages. Obama wants to totally destroy the America we know and love. He is a muslim Indonesian/Kenyan socialist at heart.

Posted by: good_angel | March 30, 2010 5:26 PM | Report abuse

Do you wonder why the leftist as$ hole Odumbo is happy? Look at what he and his corrupt party have done to us with passage of this travesty.
These slugs need to be run out of D.C.on a rail.

Health Care Comparison

A recent "Investor's Business Daily" article provided very interesting statistics from a survey by the United Nations International Health Organization.

Percentage of men and women who survived a cancer five years after diagnosis:
U.S. 65%
England 46%
Canada 42%

Percentage of patients diagnosed with diabetes who received treatment within six months:
U.S. 93%
England 15%
Canada 43%

Percentage of seniors needing hip replacement who received it within six months:

U.S. 90%
England 15%
Canada 43%

Percentage referred to a medical specialist who see one within one month:

U.S. 77%
England 40%
Canada 43%

Number of MRI scanners (a prime diagnostic tool) per million people:


U.S. 71%
England 14%
Canada 18%

Percentage of seniors (65+), with low income, who say they are in "excellent health":
U.S. 12%
England 2%
Canada 6%

I don't know about you, but I don't want "Obama Healthcare" comparable to England or Canada , but that's what we're getting from this lowlife and his cabal of leftists.

Moreover, it was Sen. Harry Reid who said, "Elderly Americans must learn to accept the inconveniences of old age."

SHIP HIM OFF TO CANADA OR ENGLAND !

He is "elderly" himself, but be sure to remember his health insurance is different from yours as Congress has their own high-end coverage. He will never have to learn to accept "inconveniences".

Posted by: LarryG62 | March 30, 2010 5:15 PM | Report abuse

I'm a little confused, don't blacks have to graduate high school before they go to college?

How is that gonna work?

Posted by: jhayne5 | March 30, 2010 4:34 PM | Report abuse
===========================


Well actually, they don't. All they need is Obama and my tax money.

Posted by: salblomo | March 30, 2010 5:04 PM | Report abuse

He bails out banks for billions of dollars one month, then he goes around telling people that banks are greedy and students need to be protected from them!!

UHHH.... WHICH IS IT HUSSEIN??

This president changes his tune every other minute. He calls doctors greedy but then you see him on TV with a bunch of phony doctors with white suits standing behind him when he makes speeches!

This president should walk around with a wheel barrow to carry the set of balls he has!

Posted by: salblomo | March 30, 2010 5:01 PM | Report abuse

So what happened? Exactly what we said would. Several companies announced last week they would be taking hundreds of millions, even a billion dollar hit to earnings. The absurdity was that it triggered cries of indignation from Congress that it was a play to undermine the new law. One congressional committee has even scheduled a hearing. Why? To get to the bottom of exactly what we said would happen."
=====
Cry me a puddle - would ya?

Never mind mentioning that the only new 'tax' was denying the ability for those same companies to write off money that was GIVEN to them in the form of a subsidy to begin with.

Looks like your guys were subsidizing the companies and then letting them write the subsidy off the books - hey - let's pay them twice!!! I thought you guys weren't all about socialism?

See - you cannot have it both ways.

Posted by: TPartier | March 30, 2010 4:53 PM | Report abuse

Err were getting protection from the special interest groups? What about the biggest special interest group of all, our own behemoth of a special interest group our own government?

Posted by: Lanche | March 30, 2010 4:50 PM | Report abuse

I'm a little confused, don't blacks have to graduate high school before they go to college?

How is that gonna work?

Posted by: jhayne5 | March 30, 2010 4:34 PM | Report abuse
===========================

I'm a little confused - don't you have to live in this century first - before you can be considered a human being?

Posted by: TPartier | March 30, 2010 4:44 PM | Report abuse

some depraved person posted this below

These are just a few lines.

Page 30 Sec 123 of HC bill: THERE WILL BE A GOVT COMMITTEE that decides what treatments/benefits you get.

Page 42 of HC Bill: The Health Choices Commissioner will choose your HC benefits for you You have no choice!

Page 50 Section 152 in HC bill: HC will be provided to ALL non-US citizens, illegal or otherwise.

Page 59 HC Bill lines 21-24: Govt will have direct access to your bank accounts for elective funds transfer.

Page 85 Line 7 HC Bill: Specifications of Benefit Levels for Plans. (AARP members - your health care WILL be rationed!)
Page 102 Lines 12-18 HC Bill: Medicaid eligible individuals will be automatically enrolled in Medicaid. (No choice.)

Posted by: Gandar | March 30, 2010 2:39 PM

========================

Nice try - but we're not all as gullible as you apparently are.

None of that crap is in the bill - and certainly not on the page numbers you list. In fact - it just is not in the bill

Why not school yourself and actually READ THE BILL
here - it is found right here http://docs.house.gov/rules/hr4872/111_hr3590_engrossed.pdf

Posted by: TPartier | March 30, 2010 4:43 PM | Report abuse

the government taking over the student loans is more like control, i would not be surprised to those who get a loan have government requirements like what kind of job you get, were you will work and the government is not giving you anything its being taken from others in taxes and what about the interest on the loans that the taxpayers will never will never see it. remember the tarp funds the money taken back from the repayments from tarp were going to help reduce the deficit never happened and who is going to get the money back from the dead beats who don't pay there student loans back i guess they will be in prison next to the ones who dont want to pay for health care insurance

Posted by: getsix1 | March 30, 2010 4:33 PM | Report abuse

This is the change I voted for.

The people who need health care can now get it.

Students no longer have to worry about going to the school they want because of how expensive the student loan is.

Our treasury has a surplus now because of the TARP planning.

All we need now is for Conservatives to actually read the facts independent of FOX and see for themselves what Obama has done for this country. The internet is here for them to look at the past and how the present is an enormous improvement on the shameful Conservative money grabbing that has spiraled this country into the embarrassment that they left it after W and Reagan. Too bad they hate to think for themselves.

Posted by: CriticallyAngry | March 30, 2010 4:18 PM | Report abuse

That's pretty much along the line that I was saying earlier mike. Which rights are being taken away from the American people that the Bush administration didn't already take? None. The "rights" that they're referring to are the "right" of corporations to fleece the American people in any way they want. They might have a case if they hadn't spent 8 years under Bush taking everything they could while sucking the life out of Americans who need jobs to pay for it. We aren't losing anything here, only corporations and since they have so much already, they aren't getting much sympathy from all of us who are now unemployed in a lousy economy. Obama's looking better all the time from our vantage point.

Posted by: TerrenceKai | March 30, 2010 4:17 PM | Report abuse

i would be in favor of government running some things if they had a good record of success, they don't. but they do have is a great record for waste, corruption and taking money. for those who are in there 30s all the money you payed in to social security will not be there when you get to retirement age. but how many live to 80 any way. right now the only way for them to stretch it is to push the minimum age limit up i think its like 76 to 80 years or reduce the cost of living increase. that still will not save it for those in there 30s. and do you think they will give the money back that you payed in to social security, they spent it maybe if you take IOU s cheap health care does not mean better health care it just means that your state senitor can fly to Hawaiian islands knowing how much money he saved putting you on cheap health care hope you survive it

Posted by: getsix1 | March 30, 2010 4:16 PM | Report abuse

Look, President Obama wants what is right for the American people. Those industries everyone mentions, including banking, health care and education, are NOT doing right by us and are sucking us dry to the point of poverty. The man is saying to them, 'Do it right or we will take your toy away'.

He's taken some toys, and today he smacked the bankers hard. The president is saying, 'There IS a limit, people. Be fair or you WILL lose the privilege, thus the money."

That is a toy I hope will not be returned.

Posted by: mikefurg | March 30, 2010 4:08 PM | Report abuse

To "dove369"

And if your sense of history is correct, and it is to a degree, you should know that the Civil War was fought over "freeing the slaves" -

A "dreaded" Republican was president and the "die hard slave owners and states" were Democrats.

So now we have the Dems "bleating" that the Repubs are constantly attempting to deprive "black America" of their God given rights when it was the Repubs that have enabled them to be "free."

The Dems have mislead the black race for the past 50-60 years now and you have learned nothing - you remain in poverty and grossly uneducated - your family structure is in deplorable condition and you "single mother births" (paid for by those "terrible" white taxpayers) is out of control - the greatest portion of your population survives on rent subsidy, food stamps, unemployment checks and free medical care - attempts at education have mostly gone for naught - your young black males are mostly thugs who spend their time dealing drugs or being pimps.

Until you clean up your own "houses" don't get mad because the "white" man has become tired of paying for this nonsense.

And should you research your history even more deeply you will find that it was your African forefathers who "sold" their people into slavery, beginning with the Dutch and then imported to the U.S.

And frankly speaking, Africa as a continent is not a whole lot better off than it was in the 1800's. The starving, the poverty, the genocide continues to this day.

Now, why aren't you and your kind over there raising as much hell as you do here?

Posted by: dharper2 | March 30, 2010 4:05 PM | Report abuse

Don't think I've ever seen such an obvious germaneness issue in a bill. Did no one object? Or are we ignoring the rule for popular programs?

Posted by: lwfl | March 30, 2010 4:02 PM | Report abuse

what good is government health care insurance if no one takes it, wile it may be true no insurance company can deny you coverage any doctor can just tell you i am sorry but i don't take that insurance. so now what you make a law forcing them to take it, its not going to happen. and single payer what doctor is going to go along with it. sorry but this world doctors that work the good of the people is a communist dream wile they do become doctors treat the sick. they also do it to live the dream of a nice house a nice sports car a big sail boat and playing golf etc not for earning 27.000 a year get real and i want them to be happy and to be able to make good money know why because if i ever have to get a life saving treatment i want a happy doctor working on me not one that's works for a dictatorship

Posted by: getsix1 | March 30, 2010 4:01 PM | Report abuse

So the Republicans are anti-handout and anti-bailout for the banks but they were all for having banks be the middlemen in federal student loans?? Isn't that a handout Mr O'Connell? That just smells funny..like everything else Republican

Posted by: cmsatown | March 30, 2010 3:56 PM | Report abuse

Two facts all you screaming crazies need to know here, in case you have not taken a Sociology class lately,

1. The American Student population per capita is the largest in debt population.

2. They are in debt because of immense and unexplainable education costs, the rediculous cost of health care, and the fact they can not find decent employment to pay said debts.

Regardless how you state it or take it, the bill will help. It is not perfect, not everyone agrees, and both parties Donkey and Elephant are both clowns. How about running on your own values instead of a plug and play political party. Sure that may mean you like some items of both parties, but don't be scared. Don't go crazy about the government, unless you can tell me all 50 state capitals.

Posted by: duckie86 | March 30, 2010 3:52 PM | Report abuse

Too bad those poor banks wont be able to rip off our kids anymore.

" What's in your wallet ?? "


Posted by: hhkeller | March 30, 2010 3:48 PM | Report abuse

The readers who view the education piece of the legislation as a 'take over' of student loans have their logic wrong and backward. This is a direct case of the Government creating a market in the first place. Its straightforward--the Government has been assuming all of the risk of the loan so what exactly have banks been charging for? Its not a 'take over' just taking back..it saves our children money--so that more of their hard earned money can go to paying the government loan back, and it allows more children to have access to higher education. Its COMMON SENSE--in fact it makes a lot of fiscal sense. Its how our tax dollars should be administered. The Government created the student loan market--the bankers and their 30 thousand workers got an easy ride, they didn't earn it. So its taking that market back, not taking it over. This is smart government management, not socialism or communism. I always find it amazing that while our Government provides massive subsidies for farming, pharmaceutical, and other industries that none of these are every questioned as socialism. But the second it starts to benefit students or consumers, that its called socialism. Get a market clue.

Posted by: mmittal | March 30, 2010 3:41 PM | Report abuse

The government nows controls just abut everything because they believe we are unable to make decisions on our own...you know...THE FREEDOM TO MAKE CHOICES! ITS GONE....
WHAT HAPPENED....WHEN WILL WE ACT?

Posted by: galario | March 30, 2010 3:15 PM | Report abuse

"It's absolutely amazing to me that in 16 months, the US Federal government has taken complete control over health care, student loans, the tobacco industry and banking...yet anyone who uses the word SOCIALISM in asking where this is all headed is considered a lunatic, unable to express sensible opinions."

And the country being taken over and run by greedy corporations is better? All we get from corporate America is our jobs shipped overseas or downgraded to minimum wage while fatcats with big lobbying firms get richer than god. If you want the country to be run by you, you'd better start making it worth our while, bucko.

Posted by: TerrenceKai | March 30, 2010 2:55 PM | Report abuse

These are just a few lines.

Page 30 Sec 123 of HC bill: THERE WILL BE A GOVT COMMITTEE that decides what treatments/benefits you get.

Page 42 of HC Bill: The Health Choices Commissioner will choose your HC benefits for you You have no choice!

Page 50 Section 152 in HC bill: HC will be provided to ALL non-US citizens, illegal or otherwise.

Page 59 HC Bill lines 21-24: Govt will have direct access to your bank accounts for elective funds transfer.

Page 85 Line 7 HC Bill: Specifications of Benefit Levels for Plans. (AARP members - your health care WILL be rationed!)
Page 102 Lines 12-18 HC Bill: Medicaid eligible individuals will be automatically enrolled in Medicaid. (No choice.)

Posted by: Gandar | March 30, 2010 2:39 PM | Report abuse

He's right you know, only black universities needs help, 14 million black babies have been aborted at tax payer cost, not so smart to kill off your own race.

Posted by: doggit1 | March 30, 2010 2:37 PM | Report abuse

after scanning some of the comments it appears most are either working for the news media or democrats. As far as SWIPING HEALTHCARE REFORM goes I don't see it. What are we getting for our money? I really don't see any advantage. I see my taxes skyrocketing. I see the government taking over all the accounts I have that contain money and fining me if I do not wish to purchase this madness, I see government hiring IRS agents who are to keep investigating business who do their own health insurance and US Citizens who do not wish to buy into this mess and many more problems.
Have any of the people who are in favor of this bill read it? It would be interesting since even the Democratic leader, Pelozi demanded they pass it and worry about what it said later. Now that is a sign of intellegence, sign a contract before you read it.
The most interesting part it give coverage to non-citizens at the governments expense. (THAT IS TAX DOLLARS SPENT) How much more was hidden in this bill that those who wanted it will start screaming when it is too late? To me those who are promoting this are paid news media or paid employees of the democrats.

Posted by: Gandar | March 30, 2010 2:34 PM | Report abuse

GEICO cut out the middle man. Now, so did Obama.

Posted by: cmarshdtihqcom | March 30, 2010 2:30 PM | Report abuse

So our healthcare/education/... bill will now give supposed "savings" to black universities. Sounds discriminatory.
\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\
That's not discriminating. Blacks have just as much rights as any other race to reap the benefits of America. Of all the races coming in as immigrants or border-crossing Afro-Americans came over in ship chained in crowded infested boats to accommodate a bunch of lazy Colonel Sanders looking southern white men. Blacks worked their fields, Black men were subject to be treated as breeders for more slaves. Afro-American women were used as sexual quest for white men and approved by their wives, so this way, the wife didn't have to worry about a mistress. Black women after giving birth were sent back to picking cotton on the same day! and only to have their child taking away when Colonel Sanders saw he could make a profit off a good buck or pic-a-nanny......I just laugh out loud when I hear some of the white prejudice people act like blacks are the one playing the discrimatory card on these tighta** white people....As if whites in America are going to let Blacks get a upper hand...HA! in your dreams. Stop using Karl Rove reverse psychology he can't even get anyone to read his book of lies?....ooops! judging from your statment maybe you brought the book?

Posted by: dove369 | March 30, 2010 2:20 PM | Report abuse

nfh0012 wrote
Let's be pragmatic here.
The purpose of the government backing student loans is to encourage banks to lend money to students, encouraging more people to enroll and graduate from college, and providing the U.S. with a supply of educated workers.
By going through the banks, the government socializes risk and privatizes profit. The status quo is clearly not conservative economics. Job loss in banks should not be a priority when weighing the stakes in this debate. The purpose of the student lending program is to benefit students--it's not a jobs program for bankers.

The purpose of the US Government getting into student loans is to bully the banking industry even further than President Potatoe Head has. This has nothing to do with increasing the number of loans. In the end, the tax payer will again have to pick up the tab from defaulted loans. In the meantime BO can say we made a profit. This is all about socializing another segment of our society and misdirecting the very short attention span of the american public. If I actually paid taxes; I'd be very angry.

Posted by: nosuchluck | March 30, 2010 2:18 PM | Report abuse

Speculation that this government program might somehow succeed when all other government programs are failing or "broken" as they say, is lunacy. What this amounts to, as with most government programs, is that the government now has the power to decide who is going to get educated and what they're are going to be educated in simply by denying applications.

Health care in the U.S. is so expensive because the government has been busy eliminating competitors for the last 150 years. Health care in the UK is a smaller portion of GDP because the government has been busy eliminating health care.. http://bit.ly/dmW9A1

Posted by: websmith1 | March 30, 2010 2:16 PM | Report abuse

Here’s a little fact for you squirrel sandwich-eating teabaggers to chew on:
Posted by: losthorizon10
Lost.... It is easy to see why you are confused with the two terms Tea Party and Tea Bagging.
Tea Party is a group of concerned americans, from all walks of life. Tea Bagging is probably a sport you letterd in in High School.

Posted by: nosuchluck | March 30, 2010 2:09 PM | Report abuse

My point is that when Bush was "trying" to implement the surge strategy America's corrupt free left-wing press worked very hard with their party, the Democrats to undermine his efforts.

As a matter of FACT our free left-wing press worked very hard for eight years to undermine Bush.........and EVERYONE knows it so let's stop pretending.

And don't forget the POST was caught Red-handed pimping for Obama's HC plan for between $25K and $250K

In other words the POST is DIRTY

Now have a nice day........

Posted by: allenridge | March 30, 2010 1:57 PM | Report abuse

===

Liberal bias? Sure, there's some. But you can't just drag that out anytime the post prints a story that you don't agree with.

Funny how people slam CBS and USA today as "liberal media" but then cite them when the story happens to support their political bias.

Good day to you.

Posted by: mikem1 | March 30, 2010 2:07 PM | Report abuse

Funny how if the polls show negativity towards President Obama people laud them and act as if they are gospel. Let the polls show anything positive for the President and those same people come out and talk about how they aren't accurate, they weren't polled and on and on and on. Eventually you Obama haters will have no choice but to admit that things in this country are improving under the watch of President Barack Hussein Obama.

Posted by: catmomtx | March 30, 2010 2:03 PM | Report abuse

Let's be pragmatic here.

The purpose of the government backing student loans is to encourage banks to lend money to students, encouraging more people to enroll and graduate from college, and providing the U.S. with a supply of educated workers.

By going through the banks, the government socializes risk and privatizes profit. The status quo is clearly not conservative economics. Job loss in banks should not be a priority when weighing the stakes in this debate. The purpose of the student lending program is to benefit students--it's not a jobs program for bankers.

People who don't like to see programs that benefit students would perhaps prefer to see American companies hire more talented and better educated workers from countries where they have higher standards in education--mandated by their governments.

Posted by: nfh0012 | March 30, 2010 2:00 PM | Report abuse

So our healthcare/education/... bill will now give supposed "savings" to black universities. Sounds discriminatory.

Posted by: ohioan | March 30, 2010 2:00 PM | Report abuse

After manipulating housing, healthcare and education for decades and raising their prices through the roof, the second act of socialism is unfolding, namely, govt takeover (via proxies) for price controls.

"Those who do not learn from history are doomed to repeat it" ~ Ch-1, pp 1-2, Economics 101.

Posted by: NoWeCant | March 30, 2010 1:59 PM | Report abuse

.....Gee whiz we wonder why the liberal/progressives hold up at the Washington POST never print information and facts like this...........

Oh......maybe it because the POST is just another corrupt MSM wolfpack member that supports, actively, the Democrat Party..........

Say it ain't so..................sad.

Posted by: allenridge | March 30, 2010 1:49 PM | Report abuse

====

What's your point? The polls you cited don't make those people correct. Bush defied majority public sentiment when he authorized the surge in Iraq. And he was right.

Posted by: mikem1 | March 30, 2010 1:53 PM |
========================================

My point is that when Bush was "trying" to implement the surge strategy America's corrupt free left-wing press worked very hard with their party, the Democrats to undermine his efforts.

As a matter of FACT our free left-wing press worked very hard for eight years to undermine Bush.........and EVERYONE knows it so let's stop pretending.

And don't forget the POST was caught Red-handed pimping for Obama's HC plan for between $25K and $250K

In other words the POST is DIRTY

Now have a nice day........

Posted by: allenridge | March 30, 2010 1:57 PM | Report abuse

Just what we need more BIG GOVERNMENT CONTROL
This Administration just can`t stop, It is so POWER HAPPY that it will devour every think in it`s path. And If you dumb white people that voted for this man can`t figure that out every soon. You will not have any freedoms left.

Posted by: cj362810 | March 30, 2010 1:56 PM | Report abuse

ALL I HAVE TO SAY.....

PEOPLE ARE GETTING TURNED OFF DAY BY DAY BY POLLS....AND ESPECIALLY THESE FOUR

CNN
RAMMUSSEN
THE FIELD
MASON-DIXON

AMERICANS DO NOT LIKE WHEN THESE POLLSTER SAY:

ACCORDINGLY TO A NEW.....POLL 50% OF AMERICAN BLAH BLAH BLAH....


FIRST OF ALL....WE HAVE 350MM AMERICANS IN THIS COUNTRY....SO TO DO A CHERRY PICK POLL OF 1000 AND EQUATE THAT TO WHAT MOST PEOPLE ARE THINKING IS CRAZY

AND FIRST OFF THE LIST WE SEE CNN HAVE SUNK SO LOW THAT I DON'T THINK FOX VIEWERS ARE LISTENING TO THEM....MOST INDEPENDENTS HAVE LEFT THEM....ONLY TO BE TURNED OFF BY MSNBC AS WELL

AMERICANS.....THANK GOD FOR COMPUTERS...BECAUSE LISTENING TO MAINSTREAM MEDIA IS SO EMBARRASSING AND DON'T FORGET

THE MEDIA HAS BEEN BROUGHT UP BY BUSINESSES SUCH AS CISCO WHICH HAS SOME INFLUENCE IN WHAT THE PRODUCERS OF SHOWS ARE TO SAY

TO HELL WITH

CNN
MASON-DIXON
THE FIELD
RAMMUSSEN

THESE ARE WHITE PEOPLE POLLS - DON'T BELIEVE THE HYPE!!!

I BET THESE POLLS DIDN'T ASK URBAN, AND LATINOS FOR THEIR VOTE!!!!!!!!!!

AND ANOTHER THING CNN HAD A POLL OF REGISTER VOTERS CLAIMING IF THE VOTE WERE TO BE TAKING TODAY REPUBLICANS WOULD BEAT DEMOCRATS BY 4 POINTS

WANNA MAKE A BET .....WELLPOINT HAD SOMETHING TO DO WITH THAT POLLING

AMERICANS LOVE HCR.....AND NO FAKEA** POLL IS GOING TO CHANGE THAT!!!!!!

Posted by: dove369 | March 30, 2010 1:54 PM | Report abuse

.....Gee whiz we wonder why the liberal/progressives hold up at the Washington POST never print information and facts like this...........

Oh......maybe it because the POST is just another corrupt MSM wolfpack member that supports, actively, the Democrat Party..........

Say it ain't so..................sad.

Posted by: allenridge | March 30, 2010 1:49 PM | Report abuse

====

What's your point? The polls you cited don't make those people correct. Bush defied majority public sentiment when he authorized the surge in Iraq. And he was right.

Posted by: mikem1 | March 30, 2010 1:53 PM | Report abuse

KEEP YOUR SOCIALIST GOVERNMENT HANDS OFF OF MY MEDICARE, SOCIAL SECURITY AND MY COLLEGE GRANTS!!!!

Posted by: Krazijoe | March 30, 2010 1:32 PM |
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
In other words:"CAN YOU HELP ME FIND MY BOOTSTRAPS?".

Posted by: KJR1 | March 30, 2010 1:50 PM | Report abuse

And the SHEEPLE keep falling for his BS !!!!!

Posted by: yourmomscalling | March 30, 2010 1:50 PM | Report abuse

"By Susan Page, USA TODAY
Nearly two-thirds of Americans say the health care overhaul signed into law last week costs too much and expands the government's role in health care too far, a USA TODAY/Gallup Poll finds, underscoring an uphill selling job ahead for President Obama and congressional Democrats.
Those surveyed are inclined to fear that the massive legislation will increase their costs and hurt the quality of health care their families receive, although they are more positive about its impact on the nation's health care system overall."

.....Gee whiz we wonder why the liberal/progressives hold up at the Washington POST never print information and facts like this...........

Oh......maybe it because the POST is just another corrupt MSM wolfpack member that supports, actively, the Democrat Party..........

Say it ain't so..................sad.

Posted by: allenridge | March 30, 2010 1:49 PM | Report abuse

Here is an interesting take from Paul Castellani, head of the Business Round Table.

Unlike the Obama administration, he really does know about business and stuff.

Here is his response to the boneheaded, nose hair braiding Henry Waxman ( who was only acting as a shill for the WH ):

"I had intended to write today about how, now that health care reform is law, the hard task of implementation and getting it right is a new beginning. But … another absurdity of the debate intervened.

To set up what happened over the past few days you have to go back to the basic predicate that kept the BRT “at the table” throughout the health care reform debate. Our companies already provide health insurance for 35 million employees, retirees and their families. For us, the economic burden of sky rocketing costs dictated our continuing efforts to get the legislation right so that we could continue to provide coverage and still compete in the international marketplace.

Buried within the legislation is a provision which applied a new tax on companies who provided prescription drug benefits to their retirees as part of the Medicare Part D law. That law gave a tax incentive for companies to provide this benefit in a way much less costly than if the retirees went directly to Medicare. From the beginning, we warned Congress and the Administration that if this tax was imposed one of two bad things would happen: either companies would have to restate their retiree benefit cost reserves (an accounting standard), or they would have to drop this coverage.

No fewer than three objective studies were presented to Congress and Administration negotiators, including one analysis done for us by Hewitt Associates. The general conclusion is that the immediate reduction to earnings reported in 2010 could be $2,800 for every retiree and that the national total could be nearly $14 billion almost immediately—all to raise $2.5 billion starting in 2013.

So what happened? Exactly what we said would. Several companies announced last week they would be taking hundreds of millions, even a billion dollar hit to earnings. The absurdity was that it triggered cries of indignation from Congress that it was a play to undermine the new law. One congressional committee has even scheduled a hearing. Why? To get to the bottom of exactly what we said would happen."


Posted by: VirginiaConservative | March 30, 2010 1:48 PM | Report abuse

"and a spokesman for Senate Minority Leader Mitch McConnell (R-Ky.) criticized the student-loan legislation Tuesday, saying it would have "devastating consequences" for employees of lending institutions."

Oh, I don't know if I can go back to work after my lunch hour today as I am so devastated by what might happen with the banking industry. Is there a page where I can donate them some money?

The college education revision is an excellent provision in which the middle-man has been eliminated.

Posted by: sharedgum | March 30, 2010 1:48 PM | Report abuse

Now that President Obama has signed this long overdue historic legislation into law, and it is done, we need to move on and tackle all of the other important issues before us. The Republicans need to stop standing in th way of progress and get some work done themselves, they do nothing to help but try and tear everything down. Republicans stop wasting our time and money and get some work done to help further America like Obama has done with the Health Care Bill, it's not all about you and what you want. The American people win and the Republicans lose once again.

Posted by: Hillary08 | March 30, 2010 1:47 PM | Report abuse

I am always dumfounded when every spending bill results in a savings.

Posted by: nanonano1 | March 30, 2010 1:44 PM | Report abuse

Here’s a little fact for you squirrel sandwich-eating teabaggers to chew on:

In 1798, the fifth congress passed and President John Adams signed into law "An Act for the Relief of Sick and Disabled Seamen" authorizing the creation of a marine hospital service, and mandating privately employed sailors to purchase healthcare insurance.

…So, was he a “socialist” too? Do you think Sam Adams ran over to the White House and threw a brick through the window?

Posted by: losthorizon10 | March 30, 2010 1:41 PM | Report abuse

Obama wants to control the banking, healthcare and education of this Nation.

He wants the taxpayers indebted and dependent on the government to control the people. He cloaks himself as the "deliverer" of the poor, but he actually want to control the money and minds of our children.

He is destroying our economy, jobs and future. He promised radical "change", all "hope" for himself.

The Republicans were right all along.


Posted by: happyday3 | March 30, 2010 1:40 PM | Report abuse

More Voters Than Ever See Obama As Partisan Democrat

Less than a week after President Obama signed the health care reform bill into law, more voters than ever say he is governing like a partisan Democrat. The latest Rasmussen Reports national telephone survey shows that 56% of likely voters believe the president is governing like a partisan Democrat, up three points over the past month and the highest level measured since he took office in January 2009.

Posted by: twotimetuna | March 30, 2010 1:39 PM | Report abuse

KEEP YOUR SOCIALIST GOVERNMENT HANDS OFF OF MY MEDICARE, SOCIAL SECURITY AND MY COLLEGE GRANTS!!!!

Posted by: Krazijoe | March 30, 2010 1:32 PM | Report abuse

why would we call this socialist when the government is just trying to eliminate the middle man in the equation making the lending institution compete with the government for lower interest. i don't see anything wrong with that. that goes with HC insurance companies should compete with the government instead of just dropping insured people. i have no problem with either cause i'm a service connected disabled vietnam veteran.

Posted by: robtcruz | March 30, 2010 1:29 PM | Report abuse

More Voters Than Ever See Obama As Partisan Democrat

Less than a week after President Obama signed the health care reform bill into law, more voters than ever say he is governing like a partisan Democrat. The latest Rasmussen Reports national telephone survey shows that 56% of likely voters believe the president is governing like a partisan Democrat, up three points over the past month and the highest level measured since he took office in January 2009.

Posted by: twotimetuna | March 30, 2010 1:28 PM | Report abuse

Yeah, because so many college kids of the American youth are such staunch Republicans? Which is why the most liberal President in our history is delivering almost every message he resounds to the youth of this country...fully knowing of their left-sided slant based on short experience in the real world and the advent of the MTV hip-hop generation of mindless idiots.
====
not the kids' fault they can think for themselves. They haven't fallen victim yet to actually believing the rantings of Beck and Limbaugh.
Today's kids are not mindless idiots.. I'd say that seat is taken by the Tea Party morons and their Republican cohorts.

Posted by: bozhogg | March 30, 2010 1:25 PM | Report abuse

I didn't know that about Hawaii, Omaarsblade ... Read a good article about it in the NY times.

http://www.nytimes.com/2009/10/17/health/policy/17hawaii.html

It seems simple enough, everyone pays less(unless you live in a hole), everyone gets treated, and people live longer.

Posted by: chandadn | March 30, 2010 1:24 PM | Report abuse

omaarsblade:

A!! Holes...

1. This is a Private Insurance "Take Over Of Health Care"

Note: Their Stocks are Off The Damn Charts.

2. There is No "Government Take Over Of Health Care"

3. Mitt Romney & Scott Brown's Massachusetts Health Care has a State Wide Mandate, Is it Un-Constitutional ?

[No Its Not]

Hawaii: Since 1974, Hawaii Has had a State Wide Universal Health Care System with a mandate To Both Individuals and Businesses and they Keep Cost Down, [Unlike Massachusetts]

You People are Helpless and Hapless

---------------------------

Of course their stocks are up. They wrote the bill. This is about creating a new bubble. Just wait until it pops.

And the key word in your other points is "state", i.e. NOT Federal.

Health care for everyone... college for everyone... sounds like "homes for everyone". Remember that?

And what makes everyone think that the new taxes will be spent on health care? You do know how government accounting works, don't you? A "fund" is nothing more than a pile of IOU's. Bombing Iran is going to be expensive.

Posted by: MrTracker | March 30, 2010 1:22 PM | Report abuse

go ahead cons, repeal this law and watch how many college kids drop the Republican brand like a hot potato.


Posted by: bozhogg | March 30, 2010 1:07 PM | Report abuse
-------------------------------------------
Yeah, because so many college kids of the American youth are such staunch Republicans? Which is why the most liberal President in our history is delivering almost every message he resounds to the youth of this country...fully knowing of their left-sided slant based on short experience in the real world and the advent of the MTV hip-hop generation of mindless idiots.

Posted by: TheFreeMan | March 30, 2010 1:17 PM | Report abuse

if only Obama had announced a new war.. what rejoicing we'd hear from the right.
Issues that Bush allowed to flounder for 8 years are now being addressed. Obama ran on change and he's keeping his promise.

Posted by: bozhogg | March 30, 2010 1:14 PM | Report abuse

It's absolutely amazing to me that in 16 months, the US Federal government has taken complete control over health care, student loans, the tobacco industry and banking...yet anyone who uses the word SOCIALISM in asking where this is all headed is considered a lunatic, unable to express sensible opinions.

SOCIALISM is defined as A STRONG, CENTRALIZED GOVERNMENT WITH A HAND IN EVERY PRIVATE INDUSTRY.

So, how many retard sandwiches can this nation have possibly consumed to not see exactly what is happening here?

Posted by: TheFreeMan | March 30, 2010 1:12 PM | Report abuse

These numbers are consistent with expectations before the bill was passed:

Repeal
- is favored by 84% of Republicans and 59% of unaffiliated voters.
- Among white Democrats, 25% favor repeal, but only one percent (1%) of black Democrats share that view.

Only 17% of all voters believe the plan will achieve one of its primary goals and reduce the cost of health care.

Most (55%) believe it will have the opposite affect and increase the cost of care.

Forty-nine percent (49%) believe the new law will reduce the quality of care.

Sixty percent (60%) believe it will increase the federal budget deficit.

Posted by: sally62 | March 30, 2010 1:11 PM | Report abuse

go ahead cons, repeal this law and watch how many college kids drop the Republican brand like a hot potato.

Posted by: bozhogg | March 30, 2010 1:07 PM | Report abuse

Okay, so far Obama has started to sell off the government's share of Citibank back to the private market and handed over tens of millions of Americans into the tender mercies of the private health insurance companies. So much for socialism.

Posted by: treetopflyer | March 30, 2010 1:01 PM | Report abuse

This marks an official final goodbye to the President's promise to change a broken Washington.
Like this bill or not, the special deals, lack of a real bipartisan effort, earmarks, backroom arm twisting and unrealistic cost assumptions are the new way - it's even worse than the old way. I guess this is what he really meant by changing Washington.

Posted by: sarno | March 30, 2010 1:00 PM | Report abuse

Well, lets hope the Dept. of Education does a better job than the VA did when the new GI Bill went into effect. Thousands of vets had to use their own money to stay in school because the VA was late in getting out the payments. This after the VA had over a year to get ready for this new program. DOE will start administering student loans on July 1st. It takes longer than that to hire new federal employees!

Posted by: rich28 | March 30, 2010 12:54 PM | Report abuse

The health care bill removes taxation from the Insurance companies and puts it off on you. It excludes thousands of Insurance company employees jobs and deletes their income tax from the Federal coffers and places it upon you.
All is unconstitutional force upon those already insured to pay twice.------------------------------------------------------


Once again delusional DOTTY spouting out whatever falsehoods she can.

Where in the bill does it say that INSURNCE COMPANIES WILL PAY NO TAXES. And where in the bill does it say that INSURANCE COMPANY EMPLOYEES are excluded from FEDERAL TAXES.

Can you really be that utterly stupid to believe her tripe???

Posted by: racerdoc | March 30, 2010 12:50 PM | Report abuse

CUSTOMER SERVICE Existing wireless customer? Contact us by phone or email. By Phone
Customer Service
1-800-331-0500 or 611 from your wireless phone
Hearing Impaired
1-866-241-6567(TTY)

So when is At&t going to start talking about the reasons why they would post such moves to join the health care cause could it be the EMF plague the increase, the increase of cases of EMF related mental Illnesses mis diagnoses to The problems with the wire-less grid as the move of cell towers that are put up to take care of the load for Cell phones that was talked about that was apart of the reason the old T.V. Wire-less systems was taken down this past year or so.
The Big Obama nationalist Democrat Union Run Job controlled Drug Companies do not like the free market Health care systems, many of the drugs made like sedatives’ are made from the Study of Hemp Pot Weed an or Opium, many of the drugs made have many more side affects then the natural forms, I add this if Weed is going to be Illegal for one then why are companies an Colleges let to use it to study, a lot of the sedatives’ made are made because of the increase of noise and over stimuli of the ears like the EMF plague or the Cell Phone. And to think Obama is seeking to use cold war emf war fare wisdom to push for the use of the S Chip ,There is no war on Drugs the only war is the one in the White house and the Stock Brokers over who controls the flow of money to be taxed, Vote out The nationalist control freaks, return to Voluntary Taxes and the System will Change

Bruce Anderson
FaceBook

Posted by: WindSong | March 30, 2010 12:49 PM | Report abuse

WASHINGTON – Finalizing two major pieces of his agenda, President Barack Obama on Tuesday sealed his health care overhaul and made the government the primary lender to students by cutting banks out of the process.

Both domestic priorities came in one bill, pushed through by Democrats in the House and Senate and signed into law by a beaming president.

Big Note: The new law makes a series of changes to the massive health insurance reform bill that he signed into law with even greater fanfare last week. Those fixes included removing some specials deals that had angered the public and providing more money for poorer and middle-income individuals and families to help them buy health insurance.

But during an appearance at a community college in suburban Virginia, he emphasized the overshadowed part of the bill: education.

In this final piece of health reform, Democrats added in a restructuring of the way the government handles loans affecting millions of students.

Big Note: The law strips banks of their role as middlemen in federal student loans and puts the government in charge. The president said that change would save more than $60 billion over the next 10 years, which in turn would be used to boost Pell Grants for students and reinvest in community colleges.

"I didn't stand with the banks and the financial industries in this fight — that's not why I came to Washington — and neither did any of the members of Congress who are here today," Obama said to a supportive crowd at Northern Virginia Community College. "We stood with you. We stood with America's students."

Big A!! Note: Private lenders still will make student loans that are not backed by the government, and they still will have contracts to service some federal loans. But the change reflected in the new law represents a significant loss in what has been a $70 billion business for the banking industry.

Among many other features, the new law is expected to make it easier for some college graduates to repay loans.

The government will essentially guarantee that workers in low-paying jobs will be able to reduce their payments. Current law caps monthly payments at 15 percent of these workers' incomes; the new law will lower the cap to 10 percent.

About half of undergraduates receive federal student aid and about 8.5 million students are going to college with the help of Pell Grants.

Obama was effusive in his praise for the lawmakers who stood by him on the health care and education legislation. Many of them face tough sells in their home districts over the massive health care legislation, a complex mix of crackdowns on the insurance industry, coverage expansions and insurance mandates.

He was introduced by Dr. Jill Biden, the vice president's wife, who teaches English there.

Posted by: omaarsblade | March 30, 2010 12:49 PM | Report abuse

wmpowellfan wrote>>>Welcome to the Socialist States of America.

Apparently you support Corporate Welfare.
The banksters were the middle men, raking in Big Bucks - but shared NO liability for defaulted loans. Does that seem fair to you??

A similar case involves AT&T, Verizon and other corporations - whining because they can no longer take tax deductions on subsidies GIVEN to them by the government (that's us, the taxpayers). Yet another Bush/Repub ripoff that's been corrected!

Posted by: angie12106 | March 30, 2010 12:49 PM | Report abuse

I say Suit Obama Out an the Judges an doctors that back his Actions, Use Degardation of duty ,Direct criminal constitutional Contempt, Sanctum Mcgallium use the International Maritime Jurisdiction clauses. The actions of leadership insights Murder “Abortion” an causes death. These Laws an Views that was used to Bring down the Judges and Abortion Supporting doctors with the Hitler move-ment at the end of World war two read the History of the Trails at Nuremberg Germany. Flood the Small Claims courts. Any money used to pay for a abortion is backed by the federal government they control the worth of money an printing, the oath of office is to protect life as country, the Doctors oath is 1st do no harm.

Bruce Anderson
FaceBook

Posted by: WindSong | March 30, 2010 12:47 PM | Report abuse

You A!! Holes...

1. This is a Private Insurance "Take Over Of Health Care"

Note: Their Stocks are Off The Damn Charts.

2. There is No "Government Take Over Of Health Care"

3. Mitt Romney & Scott Brown's Massachusetts Health Care has a State Wide Mandate, Is it Un-Constitutional ?

[No Its Not]

Hawaii: Since 1974, Hawaii Has had a State Wide Universal Health Care System with a mandate To Both Individuals and Businesses and they Keep Cost Down, [Unlike Massachusetts]

You People are Helpless and Hapless

Posted by: omaarsblade | March 30, 2010 12:46 PM | Report abuse

If Obama left the 50% ,taken by the taxes in this Country, from Parent's wallets. American parents could well afford to send their kids through colleges of their choices.
Now we will fund all of the International kids and our will be shoved out...again.
Terrible.
Kids who take Obamaschool money become indentured servants to Obamaland to get it.
T

Posted by: dottydo | March 30, 2010 12:39 PM | Report abuse

________________

Poor poor DOTTY DO.
1. SHow anyone WHERE YOU PAY 50% taxes for a country----you
2. Maybe if your children were SMARTER or studied more they could get SCHOLARSHIPS like the rest of hard working peoples CHILDRENS do-- LIKE MYSELF --total scholarships through college, med school etc.

QUIT CRYING toots.

Posted by: racerdoc | March 30, 2010 12:46 PM | Report abuse

Let's examine Obama life's trajectory:
a) Born lower middle class, Black, had a single mom and raised by white grandparents
b)Stay in Hawaii and Indonesia when he was young
c)In high school, was searching for identity, smoke some weed.
d)Straighten up and went to Harvard Law school and became the First Black President of Harvard Law Review
e)Went back to Chicago to do community organising instead of going to Wall Street or some big law firm to earn big fat pay
f)Ran for Congress against Bobby and lost
g)Ran for State Senator and won
h)Ran for US Senate and won
i)Ran for US President in the Democratic Primary against the Clinton machine and won
j)Ran for US President in the general election against the mighty Repbulican machine under McCain/Palin and won
k)Inagurated as the First Balck President in US history
l)Awarded the Noble Peace Prize in his first year in office
m)Lead and won the most sweeping and tranformative overhaul of the US Healthcare system in 100 years of US history
n) Successfully negotiated the nuclear arms reduction with Russia
So all you tea baggers, Limbaugh,Beck and their mindless clones, racists and bigots- what have you done lately that can even match Obama's perserverance and tenacity to achieve something for others? Apart from voimitting all your hate?? Get a life. Obama represents the best of USA and a majority of us elected him and he represent us, the AMERICAN PEOPLE. You lunatics firnge don't represent us.

Posted by: scorpiocity2002 | March 30, 2010 12:45 PM | Report abuse

OVERHALUING THE EDUCATION LOAN SYSTEM IS AS IMPORTANT AS THE HEALTH CARE BILL.... THE BIG BANKS HAVE BEEN RIPPING OFF COLLEGE STUDENTS FOR DECADES!!!!

THE STUDENT LOAN SYSTEM WAS ESTABLISHED TO GIVE LOANS FOR STUDENTS GOING TO COLLEGE, NOT GIVING THE BANKS A WINDFALL!!!!

Posted by: WVUWEIRTON | March 30, 2010 12:44 PM | Report abuse

Yea, I'm sure a more affordable education is just the kind of insidious plot to undermine capitalism that Marx had in mind. Let the revolution begin.

Posted by: EnemyOfTheState | March 30, 2010 12:44 PM | Report abuse

Dottydo,

Take the beer off your boobs, adjust the fat you got stuck between the La-Z-Boy cushions, and wipe the drool from the corner of your mouth. We're having a contest on when your last firing synapse will peter out. Can you give us a clue?

Posted by: swatkins1 | March 30, 2010 12:41 PM | Report abuse

WASHINGTON – Finalizing two major pieces of his agenda, President Barack Obama on Tuesday sealed his health care overhaul and made the government the primary lender to students by cutting banks out of the process.

Both domestic priorities came in one bill, pushed through by Democrats in the House and Senate and signed into law by a beaming president.

Big Note: The new law makes a series of changes to the massive health insurance reform bill that he signed into law with even greater fanfare last week. Those fixes included removing some specials deals that had angered the public and providing more money for poorer and middle-income individuals and families to help them buy health insurance.

But during an appearance at a community college in suburban Virginia, he emphasized the overshadowed part of the bill: education.

In this final piece of health reform, Democrats added in a restructuring of the way the government handles loans affecting millions of students.

Big Note: The law strips banks of their role as middlemen in federal student loans and puts the government in charge. The president said that change would save more than $60 billion over the next 10 years, which in turn would be used to boost Pell Grants for students and reinvest in community colleges.

"I didn't stand with the banks and the financial industries in this fight — that's not why I came to Washington — and neither did any of the members of Congress who are here today," Obama said to a supportive crowd at Northern Virginia Community College. "We stood with you. We stood with America's students."

Private lenders still will make student loans that are not backed by the government, and they still will have contracts to service some federal loans. But the change reflected in the new law represents a significant loss in what has been a $70 billion business for the banking industry.

Among many other features, the new law is expected to make it easier for some college graduates to repay loans.

The government will essentially guarantee that workers in low-paying jobs will be able to reduce their payments. Current law caps monthly payments at 15 percent of these workers' incomes; the new law will lower the cap to 10 percent.

About half of undergraduates receive federal student aid and about 8.5 million students are going to college with the help of Pell Grants.

Obama was effusive in his praise for the lawmakers who stood by him on the health care and education legislation. Many of them face tough sells in their home districts over the massive health care legislation, a complex mix of crackdowns on the insurance industry, coverage expansions and insurance mandates.

He was introduced by Dr. Jill Biden, the vice president's wife, who teaches English there.

Posted by: omaarsblade | March 30, 2010 12:41 PM | Report abuse

tjhall wrote>>>Odumbo's reparations plan, also known as the healthcare welfare spendathon, is upon us.

I thought all the Hutaree militia members had been captured!

Posted by: angie12106 | March 30, 2010 12:39 PM | Report abuse

If Obama left the 50% ,taken by the taxes in this Country, from Parent's wallets. American parents could well afford to send their kids through colleges of their choices.
Now we will fund all of the International kids and our will be shoved out...again.
Terrible.
Kids who take Obamaschool money become indentured servants to Obamaland to get it.
T

Posted by: dottydo | March 30, 2010 12:39 PM | Report abuse

Welcome to the Socialist States of America.


Posted by: wmpowellfan | March 30, 2010 12:38 PM | Report abuse

dottydo:

There's no excuse now for putting off treatment for your severe case of cranial rectal immersion.

Posted by: abigsam | March 30, 2010 12:37 PM | Report abuse

Posted by: tjhall1:

"Odumbo's reparations plan, also known as the healthcare welfare spendathon, is upon us.

God help us all."

****************

This was posted by the same idiot who's on the other forum and defending the GOP's expendatures at S&M clubs.

So if Obama was spending the 68 billion on S&M clubs, chartered jets, and 150,000.00 on wardrobes for his VP, you'd be ok with that huh?

You're welcome to be an idiot, but don't think the rest of us are.

Posted by: abigsam | March 30, 2010 12:32 PM | Report abuse

The health care bill removes taxation from the Insurance companies and puts it off on you. It excludes thousands of Insurance company employees jobs and deletes their income tax from the Federal coffers and places it upon you.
All is unconstitutional force upon those already insured to pay twice.

It is taxation without representation, since all of the voter registrations had already walked out on both of the 2 corrupt partys.

The clear date this Fed no longer represented a majority is easily documented in voter registraions office audits.

Obama just signed the 2nd notice of the Great PREPPERS DEPRESSION Vacation 2010.
Businesses are moving to sabbaticals to avoid granting this Fed a dime.
How many times do you get your money back when a law repeals?


Don't fund , it cannot run.


Posted by: dottydo | March 30, 2010 12:31 PM | Report abuse

I Thought President Obama was going to Overthrow the Crooks On Wall Street & Banking Elite, Via Nationalization Or Federalization.
_______________

(Reuters) - Stocks rose to a fresh 17-month high on Tuesday after the Federal Reserve held benchmark rates near zero and maintained its pledge to keep them low for an extended period.

Asian Markets

The central bank also pointed to increased momentum in the economy's recovery, and that, coupled with strength in Intel, helped the S&P 500 hit a fresh 17-month high.

"Although everything was expected here, it's definitely a bullish sign that nothing negative came out of (the Fed) decision and the language as well," said Cort Gwon, director of research and trading strategies at FBN Securities in New York.

Intel (INTC.O) ranked among the Dow's top performers, up 4 percent at $22.01 on speculation that the world's top chip maker is expected to release positive guidance for the current quarter. The Philadelphia semiconductor index .SOXX gained 2.7 percent.

General Electric Co (GE.N) gained 4.5 percent to $18.07 after the Dow component's chief financial officer said he expects the company's earnings and dividend to rise in 2011.

The Dow Jones industrial average .DJI gained 43.83 points, or 0.41 percent, to end at 10,685.98. The Standard & Poor's 500 Index .SPX rose 8.95 points, or 0.78 percent, to finish at 1,159.46. The Nasdaq Composite Index .IXIC added 15.80 points, or 0.67 percent, to close at 2,378.01.

The S&P 500 was able to puncture 1,150, a mark it had been unable to hold above in two previous attempts, and a level strategists cited as a significant obstacle for more gains.

"Throughout the day and the past week, we've been breaking out of this S&P 500 trading range of 1,050 to 1,1150 -- hopefully, we are breaking into a new trading range." Gwon added.

Earlier in the session, stocks moved higher after Standard & Poor's ended its review for a downgrade of Greece, saying the government's recent deficit-reduction measures are supportive of the ratings. Concerns about Greek debt have been a drag on equities in recent weeks.

Data on Tuesday showed U.S. housing starts fell last month as winter storms in parts of the country disrupted home building, while a drop in import prices pointed to muted inflation pressures.

About 7.89 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, the third slowest day of 2010, and below last year's estimated daily average of 9.65 billion.

Advancing stocks outnumbered declining ones on the NYSE by a ratio of about 11 to 4, while on the Nasdaq, nearly 17 stocks rose for every 10 that fell.

Posted by: omaarsblade | March 30, 2010 12:30 PM | Report abuse

Odumbo's reparations plan, also known as the healthcare welfare spendathon, is upon us.

God help us all.

Posted by: tjhall1 | March 30, 2010 12:26 PM | Report abuse

SUPER FACT: Universal Nationalized Single Payer Health Care will SAVE the American people (thus US Gov) $1+Trillion per Year!!
While giving every American health care for the Taxes that we (already) pay, plus may be $5 per doctor visit as in Canada or UK, etc..

Where does the fact come from that Universal Nationalized Single Payer Health Care will SAVE American people (thus US Gov) $1+Trillion per Year? Because in every European country, Canada, Israel, Japan, etc. whom ALL have Universal Nationalized Health Care, health care on average is taking about 9% of the GDP, while the US for profit health care is taking 18% of the GDP, here:
http://en.wikipedia.org/wiki/Health_care_in_Canada

So then we must face these FACTs:

1) Republicans are utter complete lying lunatics, that is they say they want to "reduce the Deficits", "they are worried about the debt bomb..", etc. But if you really want to really reduce the Deficits then you would be for Universal single payer health care. And that is why the Conservative party in UK, the Conservative party in France, Conservative party in Canada, the Conservative party in Germany, etc. are 100% for their Universal nationalized health care systems.

2) Democrats are not that much better than Republican lunatics since they are not proposing Universal Nationalized Single Payer Health Care, hek not even a real Public option. Instead they have proposed this so called Health Care reform that forces us to buy health care from the same for profit health care companies that have brought us the current bankrupting health care system, hek it does not even end the MURDEROUS practice of denying people health care because they need health care (aka Pre-existing conditions) until 2013 which means at least 200,000 more Americans will be KILLED by then due to the Pre-existing condition MONSTROSITY of EVIL.

Much more here:
http://anoox.com/blog/UHC.38349

Posted by: RealNews1 | March 30, 2010 12:17 PM | Report abuse

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