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Progress on Student Loan Reform April 27, 2009

Posted by Dwight Furrow in Current Events, Dwight Furrow's Posts, politics.
Tags: , ,

I argued recently that reforming our bone-headed student loan program may face an uphill battle in congress due to opposition from Republicans and conservative Democrats, who want the banking industry to take a middleman’s cut while providing no essential service.

Reforming the health care system may be difficult for the very same reason. The Republicans will filibuster the reform in order to protect insurance company profits and a few conservative Democrats will likely vote with them.

But there was some promising news last week.

Democrats voted to use the budget reconciliation process if bi-partisan reform bills cannot be passed, which will prevent Republicans from filibustering both bills. There is probably enough Democratic support to pass both bills without conservative support.