Congress Should Pass Responsible Bill to Prevent Student Loan Interest Rates from Doubling, Not Political Attacks on Women

Congress must prevent student loan interest rates from doubling on July 1. There is no question that the burden on our middle class families and students will soar if they jump from 3.4% to 6.8%.

Congress must prevent student loan interest rates from doubling on July 1. There is no question that the burden on our middle class families and students will soar if interest rates double from 3.4 percent to 6.8 percent. Weigh in now on how we should prevent such an increase on Facebook.

More than 7 million students and their families nation-wide and some 177,000 in the Commonwealth rely on Subsidized Stafford Loans to help pay for college. It is irresponsible and reckless to let their interest rates double overnight, especially at a time that college costs are skyrocketing and our economy is still recovering.

That’s why I introduced the Stop the Rate Hike Act of 2012 to keep interest rates in check for another year. My bill is common sense and fully paid for by closing certain tax subsidies for Big Oil. Everyone can agree that closing tax loopholes on a billion dollar industry makes sense, right?


Republicans are jamming through their own one year fix, on the backs of our middle class families. The bill they plan to bring to the House Floor for a vote is paid for by cutting funds to preventive care for women and children.

That means pitting education for our students against critical preventive care for women and children, like breast and cervical cancer screenings, initiatives to reduce birth defects, and childhood immunizations. Clearly, this is not a serious attempt to keep student loan interest rates down or protect the health of our middle class families.

Congress is expected to vote on the Republican bill today. As I said on the House Floor, we should have the opportunity to vote on both bills.

Americans across this country deserve a real debate and a real effort to put our middle class families and students first. You can add your voice to the debate here, and weigh in on which bill you support.

If the flawed Republican bill attacking women's health passes the House, the Senate will need to find a better offset that all members, Democrats and Republicans can support and that does not target women once again.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Reginald April 28, 2012 at 02:45 PM
"Say it aint' so Joe, please say it ain't so." No, wait, Say it's so joe please say it's so.
Michael McNeil April 28, 2012 at 02:55 PM
I'm looking to get a degree in Money laundering . Mr. Congressman, can you suggest a good school? Maybe ask a relative?
MShribman April 28, 2012 at 08:15 PM
More talking points. Last campaign Obama promised hope and change. This time it's all class warfare...divide and conquer....envy and hate (And a phony "war on women"). So this is what you sell when you have no ideas and no achievements. I have voted for Tieney in the past, (and Obama). NEVER AGAIN.
Lexi April 28, 2012 at 10:36 PM
Let me get this straight here please, all of you democrats out there want all of us out here to vote for a man to represent our district in all fiscal matters in washington DC who did not know his own wife was illegally laundering six million plus dollars in illegal gambling profits. Could someone please call the Guinness book of world records, I believe we have found a new definition of the word insanity.
michael turner April 29, 2012 at 01:00 AM
Instead of always talking about the loop holes for oil companies, why not start considering the billions being wasted buy you people in Washington.
diane murphy April 29, 2012 at 01:40 AM
I wish John Tierney would just go away, he is everything that is wrong with massachusetts politicians.....i just don't understand why he continues to get elected....
Citizen Swamp April 29, 2012 at 04:32 AM
He gets elected because the overwhelming Democrat population of MA votes like lemmings. See the recent gubernatorial race Baker. v. Devalue
Maxine April 29, 2012 at 01:10 PM
Who Me? Could you please provide supporting references for your assertions?
Maxine April 29, 2012 at 01:27 PM
Mr. Tierney has always been an ally to his constituents. If you contact his office for information or for help, he is very responsive and helpful. He maintains contact with his constituents, by holding open meetings and opportunities to take part in telephone town hall meetings. If you have a genuine policy question, I'm sure Mr. Tierney would happily answer it.
john April 29, 2012 at 01:27 PM
Yes it is impossible to believe. When you have that much money you know where it is and where it is going.
john April 29, 2012 at 01:27 PM
Wow, did you steal that right from the DNC web site?
john April 29, 2012 at 03:42 PM
If that were true you would know that oil companies do not receive subsidies. Also, I assume you are equally offended by a liberal talking head calling a woman the C word.
Lexi April 29, 2012 at 03:56 PM
Maxine, the answer to your question is yes it is just about impossible to believe the Tierney's and here is why. Mrs. Tierney's brothers have been career criminal bookmakers since before the Tierney's were even married and have been in and out of court houses many times since. Do you want us to believe that your husband would know nothing about your family's criminal background before he married you? Do you want us to believe that you and your husband took several trips to an offshore island bookmaking operation to visit your brother with TVs all around you with football games on and telephones being answered and your husband had no idea what was going on. You conveniently left out the long criminal backgrounds out of Mrs. Tierney's family members in telling us about how you handle your husbands finances. Your situation and their situation are completely different from each other. Do you think it is incumbent upon the congressman to make sure his reputation and that of his wife's are to be at the least law abiding citizens? It really is quite a stretch for us to believe that the congressman new none of this. The more likely answer is that the congressman new what was going on, either that or he was so oblivious to what was going on right in front of his face that he could not see the forest through the trees. Either way it falls it does not sound to me like he should be representing us in our district.
Jim Smith April 29, 2012 at 10:15 PM
In speaking with Bill Scotti a former business owner living in Hamilton, he indicated that John Tierney was doing a great job, is there for the people and knows the issues. This coming from a republican impressed me. Bill indicated that it is best during these recessionary times not to change officials who have been in the trenches, fighting for us. He added that our main concern should be property taxes. As long as interest rates stay low, school loan rates will remain affordable to those of mean and resources. Those who have lower income would be in trouble but as he said, it is the job of the federal government to extend zero interest loans to those who qualify with a high GPA and areas of study which will contribute to our work force in competition with overseas candidates upon graduation. Adding that Hamilton/Wenham town property taxes were and issue. As Bill told me in speaking with John Tierney, jobs and lower property taxes were essential to community sustainability and fairness to our seniors. Seniors should not be taxed out of their home by zealous school advocates who are wealthy with Hubris but short on common sense when it comes to the override government mentality. As Bill said we have to balance our home budgets and pay our taxes. The town needs to recognize their obligations to its citizens in balancing the school budget, regardless of the consequences. Bill said if you want to generate more revenue for the schools open a school store.
Jim Smith April 29, 2012 at 10:23 PM
In addition in hearing Mr. Scotti speak at a local Rotary meeting, he indicated that by taxing real estate according to house hold income and property valuations, the school budget could easily be met. His idea was to assess higher rates per thousand on those homes owned by the wealthy. In other words if a home was assessed at over a million dollars it would be assessed with an additional luxury tax per thousand rate of $3.00 per thousand. If the house hold income on that same house was over $250,000.00, the home owner would pay and additional $2.00 per thousand of assessed value as a, above threshold income school tax. This school tax would go directly into the school operations account by direct deposit from the town after the tax was collected. The $3.00 per thousand would go directly into the towns operating budget account as discretionary to be determined by the board of selectman as to where these funds would be allocated. I thought that was a great idea, since we have many of the 1% living here in Hamilton/Wenham, amongst us.
john April 29, 2012 at 11:09 PM
Wow, are you serious?
Doug April 30, 2012 at 12:50 PM
Congressman Tierney is spot on. No young voter should be expected to assume full responsibility for any debts he or she took on voluntarily. I applaud Tierney for fighting for the American dream of living beyond our means and shedding all accountability for the consequences.
Bob April 30, 2012 at 01:20 PM
Until we get rid of all D's and R's we will continue this poor excuse for government. Presidents budget planned on taking $$$ from this same account and the Dem's applauded! Double speak from both sides!
Joe Veno April 30, 2012 at 02:34 PM
Doug, You hit the nail right on the head! That is why Tierney supported and VOTED for Obamas health care bill. WHAT A GUY....
KlassySalem April 30, 2012 at 02:57 PM
Don't forget that he wants you to pay more for gas and oil.
KlassySalem April 30, 2012 at 03:02 PM
Nobody (even me) has accused John of doing any money laundering himself. Being aware of it, that's a different story. As for yacht excise taxes. It's interesting that at the Brewer Marina there are definitely yachts with out of state ports listed on them that have spent the whole winter there. Do we really buy that someone drove their Warwick RI yacht up to Salem for the winter? What about Windham NH?
Dave Miskinis April 30, 2012 at 03:16 PM
Beyond voting, I have never participated in an election, by way of bumper stickers, sign-holding etc. For the first time in my life, I am going to seek ways to participate agianst the election of Tierney. Enough said.
Reading Republican Town Committee April 30, 2012 at 04:43 PM
Dave, the Reading Republican Town Committee is hosting a fundraiser for Richard Tisei next Monday from 6-8 at Grumpy Doyle's in Reading. Please stop by. https://www.facebook.com/events/366717676697643/
Reading Republican Town Committee April 30, 2012 at 04:54 PM
To all area residents who think 16 years of John Tierney's type of representation are enough, the Reading Republican Town Committee is hosting a fundraiser for Richard Tisei next Monday from 6-8 at Grumpy Doyle's in Reading. Please stop by. https://www.facebook.com/events/366717676697643/
Reading Republican Town Committee April 30, 2012 at 04:58 PM
To all who think 16 years of John Tierney's type of representation are enough, the Reading Republican Town Committee is hosting a fundraiser for Richard Tisei next Monday from 6-8 at Grumpy Doyle's in Reading. Please stop by. https://www.facebook.com/events/366717676697643/
Rick Santos May 01, 2012 at 04:26 PM
Time to go John.
Matt May 01, 2012 at 08:51 PM
God some people have such a hard time with common sense. Grants and loans from the federal government make college LESS affordable. If you can't grasp that concept I don't know what to tell you
Reginald May 01, 2012 at 09:13 PM
Congratulations on your success Maxine. Truly a vulgar comment. But are you saying you and/or your husband don't know where it comes from or where it is going, as John has suggested you would? And now that you've got yours, do you mind terribly if we, who do not, try to keep what little we have. You are always welcome to give yours away. Those of us still in the middle class struggle to keep pace and send our children to college without the assistance from the government available to those even less well off.
Bob July 18, 2012 at 12:54 PM
John, correction - Called the the GOP VP nominee a "c"! But that is OK because the left doesn't agree with her!
Bob July 18, 2012 at 01:07 PM
Maxine, and Tierney had his ears covered when he went to Antigua with his wife, to meet his brother-in-law who ran an illegal gambling site? And a lawyer and US Congressman who didn't know Internet gambling is illegal? Maybe he didn't read the "Unlawful Internet Gambling Enforcement Act of 2006" when he voted for it! It passed the house 421-2. Yea, I believe it too! I hope John can come to my bridge opening for the bridge I just bought! I just need to get all those pesky commuters off my bridge!


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