Tim Ryan: “Let's look not only at the supplemental but with the budget the President presented. We, the Democratic budget…”

“Let's look not only at the supplemental but with the budget the President presented. We, the Democratic budget, increases the Pell Grant to at least $4,600 from a little over $4,000 now. As you said, we are constrained by the $3 trillion of debt that was created over the past 6 years by our friends in the Republican party. But this Democratic budget rejects all of the things that the President recommended. Here is what the President wanted to do for higher education. He wanted to eliminate the Perkins loan program. He wanted to eliminate the Federal supplemental opportunity grants, and he wanted to eliminate leveraging education assistance partnerships. He wanted to completely eliminate them. Now, we are competing with 1.3 billion people in China and over 1 billion people in India. The key component to economic growth in America in the next decade or two or three or four or probably for the existence of this country is to invest in education, and when you look at what the Democrats have done in the first 100 hours, we cut student loan interest rates in half for both parent loans and student loans, and here we are in our budget and we raised the Pell Grant in the CR as well, and here we are raising again the limit for the Pell Grant to $4,600. That is investing in education.”