Student loan debate brings online attack ads targeting four Dem. senators
July 12th, 2013
12:04 PM ET
9 months ago

Student loan debate brings online attack ads targeting four Dem. senators

(CNN) – Crossroads GPS is not waiting for the dust to settle on the debate over student loans in the U.S. Senate. The Karl Rove-backed super PAC has already launched a small online ad campaign against four Democratic senators it blames for not stopping the rate hike.

Display ads launched on Facebook Friday will target college students and young people in Alaska, Arkansas, Louisiana and North Carolina, calling out their respective senators Mark Begich, Mark Pryor, Mary Landrieu and Kay Hagan. All are Democrats.

According to a statement from Crossroads GPS, the ad campaign tells those who read it that their respective senators are "holding your future hostage."

Student loan rates doubled July 1 from 3.4% to 6.8% after Congress failed to reach a deal averting the increase. Efforts to retroactively lower the rates foundered Thursday after a report from the Congressional Budget Office estimated the current plan to lower rates would cost $22 billion over 10 years.

Tentative student loan deal hits snag

In the meantime, voices on both sides of the aisle have begun blaming each other for their inability to pass the legislation.

The Crossroads campaign will cost a modest $50,000, the group said, a drop in the bucket when compared to past efforts. In the 2012 federal elections, the group spent $176 million, according to OpenSecrets.org.


Filed under: Congress • Crossroads GPS • Kay Hagan • Mark Begich • Mary Landrieu • Senate
soundoff (33 Responses)
  1. Fair is Fair

    "You can buy a house with a 4% loan (or lower) why 6.8% to fund education???"
    ------
    Because loans can either be collateralized (secured by property, such as real estate or automobiles) or not collateralized. Collateralized loans minimize the lenders risk of non-repaymen and therefore have lower ratest. Student loans fall into the latter.

    July 12, 2013 03:05 pm at 3:05 pm |
  2. Sniffit

    "The Bolshevik revolution was in 1917 – you're 100 years too late."

    Aaaw, how cute, you looked up a favorite talking point for righties who like to yammer about 'socialism and communism and blah blah herpa derp." I you think we're magically safe from revolt as a result of the rampant redistribution of wealth upwards in this country and the consolidation of all power and influence in a tiny fraction of the wealthiest among us, then by all means, please proceed. I've got special popcorn already picked out for the show.

    July 12, 2013 03:06 pm at 3:06 pm |
  3. Fair is Fair

    Sniffit

    "The Bolshevik revolution was in 1917 – you're 100 years too late."

    Aaaw, how cute, you looked up a favorite talking point for righties who like to yammer about 'socialism and communism and blah blah herpa derp." I you think we're magically safe from revolt as a result of the rampant redistribution of wealth upwards in this country and the consolidation of all power and influence in a tiny fraction of the wealthiest among us, then by all means, please proceed. I've got special popcorn already picked out for the show.
    -----–
    Oh I forgot... I was talking to Robespierre... well, you're 225 years or so late for that one.

    July 12, 2013 03:22 pm at 3:22 pm |
  4. Fair is Fair

    Fair is Fair

    I will never vote for a Democrat! I also like taking a 14 lb. sledge hammer and repeatedly smash the toes of my right foot!
    -------
    Ummmmmm... you might think you're fooling someone... but you're failing miserably.

    July 12, 2013 03:27 pm at 3:27 pm |
  5. Bill from GA

    Fair is Fair

    ""You can buy a house with a 4% loan (or lower) why 6.8% to fund education???"
    --
    Because loans can either be collateralized (secured by property, such as real estate or automobiles) or not collateralized. Collateralized loans minimize the lenders risk of non-repaymen and therefore have lower ratest. Student loans fall into the latter."

    True enough, but student loan debt is nearly impossible to wipe out with bankruptcy, which somewhat evens the risk.

    July 12, 2013 03:41 pm at 3:41 pm |
  6. Sniffit

    "Oh I forgot... I was talking to Robespierre... well, you're 225 years or so late for that one."

    I don't have to be "late" for anything if it's coming in the future, champ.

    "True enough, but student loan debt is nearly impossible to wipe out with bankruptcy, which somewhat evens the risk."

    Not only that, the gov't has all sorts of powers, like garnishing your wages before they even hit your paycheck and pocket, to enforce the student loan debt, which is a form of security in and of itself. The Distinction Fair tried to make really doesn't exist.

    July 12, 2013 03:56 pm at 3:56 pm |
  7. DENNA

    Can we deport Karl Rove? I cannot think of another human being in politics who is more useless than Karl Rove.

    July 12, 2013 04:11 pm at 4:11 pm |
  8. Lynda/Minnesota

    Ray E. (Georgia)
    Fair is Fair isn't fair. I rest my case!
    --------------

    Yeah, well. You might want to change vocations. We're on to you.

    July 12, 2013 04:37 pm at 4:37 pm |
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