On the recordSeptember 7, 2007
This is more smoke and mirrors. This has been a smoke-and-mirrors Congress, and this is more smoke and mirrors because it is an illusion that we're trying to sell to the American people. But they've done a good job because evidently they have sold this to the administration. And I want to say, Madam Speaker, I am totally disappointed in the administration that they have bought this bill of goods. This is nothing but a sham. I'm from the State of Georgia where we instituted the HOPE Scholarship Program, which worked out great for students. But what ended up happening is the colleges continued to go up on their tuition, costing the taxpayers more and more money because it was not a competitive market anymore. That's what we're fixing to get into colleges and universities all across this country. And taking the private industry out of this, making them responsible for the loans is going to put the taxpayers on the hook. It's going to be a great disaster. And again, I want the administration to know, Madam Speaker, how disappointed I am.
Source
govinfo.gov




