I think the high rate at one point in the Nixon Administration is we were spending something close to 6 percent of the Federal budget on secondary and elementary education in this country, the Federal Government was.
Discussing historical federal education spending rates.
Share
More from Christopher J. Dodd
We need to, as a country, both parties, all of our leaders need to work together to try to reverse this image.
Congress should pass the Homeownership Preservation and Protection Act--two things to mention there--that Senator Dodd sponsored and many Members of the Committee co-sponsored.
I think Senator Akaka did it as well. Sheila Bair... has just done a remarkable job.
As Franklin Roosevelt said so eloquently more than 80 years ago, it is fear, and that fearing fear is what has, I think, had an awful lot to do with the lack of confidence in our country, and we need to get our confidence back.