Political Quotes

“Lastly, if I might, the student loan interest rate, as you know, will go up at the end of this month from 3.4 to 6.8 percent. That will add substantially additional cost to literally millions of students, some thousand dollars of additional cost to most students at a time when we want to make higher education, so necessary for success in our country, available to as many people as we possibly can so we can be competitive worldwide and, from our perspective further, a Make it in America agenda of growing our economy and getting jobs for our people. I know that there was opposition to that reduction when it was originally on the floor in 2007. I know there was some opposition to it earlier this year. But I also know that I think both you and the Speaker have indicated now that they support that. We passed legislation on this floor which brought that down when there was, obviously, very substantial disagreement and controversy with reference to the funding source, given the preventive health fund that was used to fund the student aid. Can the gentleman tell me whether or not he believes there's a possibility for us to reach agreement on how to do this? I know the Speaker said this was a ``phony'' fight, but it is a real fight and it will have real consequences if we don't resolve our differences. Can the gentleman comment on what he believes to be the possibility of reaching agreement with the Senate on the student loan bill?”