Bill Clinton: “No, if we can't fund it, the entitlement will be access to a loan you can pay back based on a percentage of your income…”

“No, if we can't fund it, the entitlement will be access to a loan you can pay back based on a percentage of your income, which will be a huge--we're going to strengthen collection procedures, cut defaults, cut the cost of administering the program until we can fund a lot of that. The service issue cannot become an entitlement. If all of a sudden in one year a million people want to convert from a loan to service, we won't be able to afford that. But based on the experiences we have seen in the past, we think that this will be, by far, the biggest service program in the history of America. And we think we'll be able to take everybody who will choose the service option. We're just going on historical precedents now. We think we can more than fund the people who will choose the service option in the first 4 years. If they don't, I would consider going back. But we can't let that become an absolute entitlement. World Trade Center Bombing”