Virginia Foxx: “someone on the other side has said we have hit a new low tonight. I certainly agree with that. I have never heard so…”

“someone on the other side has said we have hit a new low tonight. I certainly agree with that. I have never heard so much hypocrisy and hyperbole, and I doubt that the American public has either. I rise, Mr. Speaker, with my colleagues today because Federal spending has been out of control. Just because former Congresses and Presidents have foolishly increased spending does not mean we must continue along this destructive path in the future. This Congress must become a better steward of taxpayers' dollars, and we must do it now. Contrary to what our colleagues on the other side of the aisle are saying, we are not finding these savings on the backs of college students. These reforms will actually strengthen student aid programs and expand student benefits. Republicans are proposing rational solutions that will increase student benefits and expand college access without expanding the deficit. The Deficit Reduction Act provides key benefits to students including lower loan fees, higher loan limits for borrowers, low market-based interest rates, new loan flexibility, and a simplified financial aid process. Our constituents deserve to send less of their hard-earned dollars to Washington and spend more on their families, businesses, and dreams. It is the taxpayers' money we spend and we must be accountable, meticulous, frugal, and effective in the ways the Federal Government spends money. This budget reconciliation bill does just that.…”