there are a couple of interesting things about this substitute. One is that, as we just heard from Subcommittee Chairman Keller, it is apparently a guideline of the House that when the Democrats do cuts, and they are real cuts in education, it is not a cut. But when the Republicans actually increase, it is somehow a cut. And apparently the reason is because they are pro-education and we are anti-education. So if we increase the money, it is still a cut. But if when they were in power they cut the money, it is not a cut. And it becomes very confusing to the American people because they thought the way you measure a cut is if the spending goes down like it did under Democrat control. And they thought the way you measure an increase is when the spending goes up, not just based on a claim that you are more pro-education or anti-education. Another interesting thing here is that when the Republicans float out things for 1 year, as 1-year proposals, we hear it is a gimmick, it is a gimmick, they are merely trying to posture for the election. But when the Democrats roll out a 1-year rollback, apparently that is not posturing for an election. That is real serious policy trying to benefit the students of America because there is a terrible raid on the student loan system. But a 1-year moratorium from the other side couldn't possibly be a gimmick because Democrats don't do gimmicks. Only Republicans do gimmicks.…
Mark Souder: “there are a couple of interesting things about this substitute. One is that, as we just heard from Subcommittee Chairman…”
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Well, I personally feel I should have probably abstained from the hearing.
It's based off the capital gains. Right now--I had one person with a $40,000 house, and the capital gains on that made the difference of his retirement on an annual basis. The question is they have planned nothing----





