Political Quotes

“in 1992 the Congress created the Direct Loan Program. When this program was originated, the loans to students were at variable rates. Let me say to my colleagues this morning, Congress now sets the rates. We changed that in 2006. The bill you will talk about now--let me just pose this to you: If you believe it is appropriate for Congress to pick winners and losers, then support this bill. If you believe it is appropriate for Congress to subsidize 40 percent of the student loan population and overcharge the other 60 percent of the student loan population, then vote for this bill. If you believe that is not the congressional role and that we need a long-term, permanent, transparent, predictable solution, then vote against this bill and let's sit down between now and July 1 and write a bipartisan approach that solves this problem once and for all.”