>>>JFK's Pulitizer-prize winner told the stories of politicians who went against the grain of their parties and constituents and voted their consciences.
>>>
>>>http://billmoyers.com/2014/06/17/the-37-senators-who-voted-for-millionaires-over-students/
>>>
>>>Let's recognize 3 senators who did just that.
>>>Susan Collins of Maine
>>>Bob Corker of Tennessee (himself a very wealthy man - a special nod to Bob)
>>>Lisa Murkowski of Alaska.
>>>
>>>Hip, Hip!
>>
>>I know I'm old fashioned but whatever happened to the notion of paying back one's debts?
>
>Jake
>
>>>The bill would have given existing student loan borrowers the chance to refinance their debt at today’s lower interest rates
>
>
>Any homeowner can do that.
>The bill did not forgive the debt. It just gave these kids the same privileges that most commercial borrowers have.

But they're not subject to the same terms as commercial borrowers. Student loans are a different animal, thus, different terms.

Also, when a lender refinances a loan for less they are accepting less revenue in exchange for less risk of default. They are not taxing the "rich" to offset the difference. ;)

>There's a good case to be made for getting the government out of the business of subsidizing or facilitating student loans and I would support that, but these kids have these loans and should be treated fairly.

They agreed to the terms, signed up for the loan, spent the money, got their education and now are on the hook for what they agreed to. Sounds fair to me.

Slapping the "Buffet Rule" on there and somehow staging this as "Billionaires v. Students" is political grandstanding. If Warren really gave a crap about the students she'd propose a bill which allows refinancing of student loans in the private sector. I guarantee that banks would line up for the chance to finance loans with those repayment terms at more flexible rates and schedules and the government wouldn't have to see any revenue loss. Win-win.