Political Quotes

“Last year the most profitable company in America was ExxonMobil. ExxonMobil made about $44.9 billion in profit last year. America's student loan program did better. America's student loan program last year made a profit of right around $50 billion, eclipsing the profit of ExxonMobil, of Apple, of JPMorgan Chase. In fact, of every U.S.-based company, none of them ran a profit as high, as steep, as generous as the U.S. student loan program did. Why I am coming down to the floor to support a 1-year freeze on student loan rates is because, as you have led this argument, that is the discussion we should be having. Why on Earth do we allow our student loan program to make profits greater than any other American company makes today? Why are our students being asked, more so than almost any other population in our country, to bear the burden of paying down our deficit? It doesn't make any sense. It is time then that in the context of the Higher Education Act, which we are hopefully going to debate later this year, we have that broader conversation.…”