Political Quotes

“I yield myself such time as I may consume. To further address the student loan issue, this body did pass a bill to prevent the increase in the student loan rates that just occurred. However, that bill--a very similar bill--failed in the Senate. So the Kline bill failed in the Senate. So, too, a Democratic bill to provide a 2-year extension of the student loan rates also failed in the Senate. So at this point, the victims of all this are students in our country who are going back to school and will be forced to borrow at twice the rate--6.8 percent--if Congress can't get its act together. And that's why if we defeat the previous question, I'll offer an amendment to the rule to bring up H.R. 2574, the Keeping Student Loans Affordable Act, sponsored by Representative George Miller, Representative Ruben Hinojosa, myself, and several others, which would undue the recent doubling of student loan interest rates. It's that simple. While we work towards a market-oriented solution along the parameters President Obama has spelled out, making sure we have the protections in place like caps for students everywhere, we need to at least make sure that students returning to school this fall are not borrowing at a rate twice the rate of last year. To discuss this bill, I yield 3 minutes to the gentleman from Texas (Mr. Hinojosa), my colleague on the Education and Workforce Committee.”