John Kerry: “A second point is most of those people are putting away for higher education because they have no place to put it in…”

“A second point is most of those people are putting away for higher education because they have no place to put it in terms of the public school unless they might choose to spend it on a computer or something, but there is no proof they will do that. There is no proof here as to how people will be able to spend their money. I will not get into how you go down that road. The underlying component of this that is so disturbing, after you finish that analysis, is this, and I think the Senator from Georgia will have to acknowledge it. You are still leaving that vast 90 percent out there, most of whom in the worst situations are stuck in situations where this will not improve their lives, their education, their capacity to move forward. That is the great dilemma that so many of us have with this. As I said, I like savings accounts. I want to vote for a savings account. I cannot do it in the structure that has been put in this bill. That is my regret.”