On the recordJune 14, 2004
Yes. This was not the Kendrick Meek Report, this was not the Tim Ryan Report, this was not the Democratic Caucus report. This was the U.S. agency's report. I just think it is important for people who are listening here tonight to say is that we can do better in the United States of America. Why would we want 250,000 people who want to go to college be somehow prohibited from going to college because of their financial situation? We know that if we invest in these people; and we did a study, I say to the gentleman, when I was in the State Senate in Ohio, the University of Akron did a study. For every dollar that the State would invest into higher education, they would get almost $2, there were two or three studies, but they would get almost $2 back from tax revenues. Because you get someone who graduates from high school, goes out and is working somewhere for seven, eight bucks an hour and paying taxes on seven, eight bucks an hour as opposed to someone who is college educated making 40 or $50,000 a year paying taxes on 40 or $50,000 a year. It makes sense for us to invest. We have to get return on our investments. That is not the reason we are doing it but we know the societal benefits. Less racism, more tolerance for people from different cultures, different walks of life, different religions, and not to mention the added benefit to our economy, the entrepreneurship and everything else. So the point is this is an investment we should make.
Source
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