On the recordJune 11, 2013
Mr. President, reserving the right to object, I appreciate the intent of my colleague and that he wants to try to solve this problem. As he knows, several of us have another proposal. What I suggest is that we compromise on the President's proposal. It is a combination, it is a hybrid, and the President is trying to address this matter. Rather than us having dueling unanimous consent requests and playing the political game, I propose that we need to solve the problem. I would be happy to work with the Senator to try to bring the President's proposal to the Senate, which does fix this permanently. It fixes it for all of the loans, not just 40 percent of the loans, and it gives people certainty. If my colleague hasn't yet seen the CBO's accounting today, it shows that there are no savings in this; rather, there is a cost. No matter whose program it is, there is a cost, and this is on accurate accounting. This should give us all pause to try to fix this for the long term. I object to the Senator's unanimous consent but would offer a unanimous consent for the President's proposal or work with my colleague to try to get us to a point where we can solve this problem for those who are in the student loan program. The PRESIDING OFFICER. The objection is heard.





