Political Quotes

“I thank Senator Scott. Mr. President, President Biden's student loan debt transfer does not cancel or forgive anything. These debts will still be paid. It is not like they go away. What else does it say about the whole idea that, when you take on an obligation and you agree to it, you can just shirk it or get rid of it? There are many people across the country who would want to be in on that gambit as well. He has simply shifted the cost of repayment on to everyone, including to the 65 percent of American workers who chose not to get a college degree. What about the aspiring plumber or electrician who borrowed $20,000, $30,000, or $40,000 for his or her own business? There would be no end to it. We should focus on getting more value out of colleges rather than giving them another reason to hike prices. Sadly, the only place where that has been focused on is in my own home State, where Mitch Daniels, the ex-Governor of Indiana, froze tuition into 10 years. That is getting more value out, and that is why their enrollment has gone way up. With a national debt of nearly $31 trillion, we can't continue to pile on more debt. When Senator Scott and I got here just a little over 3\1/2\ years ago, we were $18 trillion in debt. We throw ``trillions'' around now like we used to ``hundreds of billions,'' and it is on the backs of our kids and grandkids every time we do it. Today, Federal Student Aid owns $1.6 trillion in outstanding Federal assets--in other words, student loans.…”