Political Quotes

“You said something that came to my mind--I'm going to do this quickly before I turn to my colleague from--Rhode Island? You mentioned student loans. Now, the President has been out in California, in Los Angeles and in San Francisco, near my district, and he's been saying something that really caught my attention, and that is: we can't wait. Speaking for the American people, we can't wait for Congress to act. We can't wait. And he did something that is really, really close to home. My daughter and son-in-law just finished medical school. They have huge loans that they took out to go through medical school. But across this Nation, about $1 trillion of loans have been taken out by young men and women--and older--who have gone back to school to improve themselves, to get an education, to learn a skill, $1 trillion out there. And many of those loans are at a very high interest rate, and they may be from different sectors. And the President says, we can't wait to help these people. These young men and women and others who have these loans, they need help today. And so he put together a new program based upon a law that we passed last year--the Democrats passed last year--that said we're going to do some consolidation. So he's taken that step. He's going to allow for the consolidation of these loans into one loan package and allow the interest rate to be reduced, on the average, at least a half percent interest rate and stretched out--and a small percentage of the income.…”