Tom Price: “I think the part of the challenge that we have is, this really is a difference in philosophy. It is about who ought to…”

“I think the part of the challenge that we have is, this really is a difference in philosophy. It is about who ought to be in control. You highlighted that extremely well, talking about the importance of what we on the Republican side believe, and that is that students and parents ought to have the resources in order to make decisions, not government making decisions. What we have seen in this very short 100 hours... is a clear example of the government controlling all aspects of our life from student loans to prescription medication to all sorts of things, wage and price controls. Right now, as you know, Mr. Speaker, they are at 6.8 percent, and that was fixed appropriately, our side did that last time, in order to make certain that we had more students eligible for student loans. What happens over the ensuing 5 years with the bill that was passed today by the Democrats? You can see that next year the rate goes down to 6.12 percent, then down to 5.44 percent and on down until you get to 3.40 percent. But again that is only for 6 months. What happens after that 6 months? What happens on January 1, 2012?”