The President's plan, although touted as a means of promoting higher education, is not. The plan does not reduce the cost of student loans for a single student. Students and parents need to know that under this proposal, the government's profits on student loans borrowed by middle income students will be used to finance other student aid.
CBA also disputed administration claims that eliminating the FFEL program would not result in poorer customer service to students and parents. More than 30,000 people are currently involved in helping students via the FFEL program. These experts understand students' loan obligations and how to get students the help they need when facing difficultly in repaying their loans. Firing them and hiring some untrained replacements, as the President proposes, would be a huge setback for educational opportunity.
If we have more government involvement we’re going to have dramatically worse health care.
As the national struggle to deal with a severe economic crisis and a national unemployment rate of 8.1 percent — the highest level since 1983 — it is a critical time to reinforce successful solutions, not abandon them. Ensuring the continuation of thousands of jobs for individuals singularly focused on helping millions of students enter and succeed in higher education is a “win-win” in today’s deeply stressed economy. It preserves jobs for the workers of today, while guaranteeing access to aid to millions of students whose skills will help maintain the nation’s pre-eminent place in the global economy.
The new law would pretty clearly restart the time clock for filing the claim when an employee receives a retirement benefit, a pension benefit, even an (employee stock ownership plan payment). In doing so, the Ledbetter Act exposes employers to endless liability…[it is an] unprecedented expansion [of employment law].
“As an industry leader, Chase does not engage in several practices -- universal default, two-cycle billing and increasing a rate based on a change in a credit score -- addressed by the bill, but we believe the legislation as passed today has the potential of increasing overall costs to consumers, reducing access to credit, and reducing or eliminating low-rate options for consumers.”
[The bill], while well-intentioned, will increase the cost of credit for consumers and small businesses across the country, result in less access to credit for consumers and businesses alike, and may further roil the securities markets -- all at a time when our economy can least afford it.
This is why NJBIA and its member companies have been fighting passage of a paid family leave mandate in the Legislature. Despite its good intentions, the mandate would greatly impair the ability of employers to operate their businesses and meet their customers' needs. NJBIA members have sent 50,000 messages to legislators and the governor opposing it. Yet, state policymakers seem to be oblivious. We are teetering on the edge of recession, we are losing jobs, and they want to impose a huge new mandate that has been adopted by only one other state, California...What New Jersey needs now, more than ever, is to have its government leadership focus fiercely on what can be done to strengthen the state's business climate and create new jobs. Businesses are tired of elected officials who say they support a growing economy and small business, only to take actions that contradict their words, like voting for paid family leave.
The state must stop trying to impose mandates and requirements on businesses that our competitors in other states simply don't have to deal with.
Elimination of sections 327 and 328 [of the Safe Water Drinking Act] would not make production of oil and natural gas in the United States any safer, but could substantially increase domestic oil and natural gas production costs, thereby decreasing domestic supply.
