Political Quotes

“I salute the gentleman from Missouri for his leadership in helping expand education savings accounts. I think of thousands of families in the district that I represent, the South Side of Chicago and the south suburbs, who now have the opportunity, thanks to your leadership, to be able to set aside money for elementary and secondary education, schools of their choice, or else for other expenses affecting their child's education. In the past it was only for college and you could only set aside $500; but under the gentleman's leadership, you can set aside up to $2,000. Think about that. When a child turns 18, if you could only set aside $500, that is $9,000. Well, we all know what college costs today, and that would not go very far at a year's tuition at most universities across this country. But thanks to the gentleman's leadership, now they would be able to set aside $2,000 a year and potentially have up to $36,000 that they could save and set aside for college, if they do not spend any of that for elementary or secondary education. So I commend the gentleman for his leadership.”