Mark Kirk: “I am just worried, too, because we have now talked about how George Washington University is talking about $50,000 for…”

“I am just worried, too, because we have now talked about how George Washington University is talking about $50,000 for 1-year of tuition, the first university in the country to break that mark. So you look at a 4-year bachelor's degree at $200,000, post tax, far beyond the ability of a middle-class family to reach that level. So what should the Congress do? Should we have the government take over all college education? Should the government control prices? Should we have more controls from the House of Representatives so that those who run every other government bureaucracies now run every education institution in the country? I would say no. I would say that we have had too many shortages and too much waste if a bureaucracy can take control of a college. On the other hand, could we all join together to increase savings and investment for each American family to build success upon success, the 401(k) program, by authorizing each American family the day that your son or daughter is born to establish a 401 kids tax-deferred savings account.”