Political Quotes

“Mr. President, I strongly support this legislation, S. 2343, the Stop the Student Loan Interest Rate Hike Act. I appreciate the leadership particularly of Senator Reed of Rhode Island, who has been so eloquent on this subject. I also would note that Senator Alexander and I have worked together on a host of issues. I think he brings great expertise to this discussion as well. The bottom line for me is that millions of young people are hurting right now in America. They are up to their eyeballs in debt and they cannot find good-paying jobs. For example, we have seen in our home State, according to the Oregon Employment Department, that the overall unemployment rate last year was 9.4 percent but was 19 percent for workers age 16 to 24. I also note we have seen that the labor participation for young people has declined as well. We have an enormous array of challenges in front of us. The reason that this legislation, the Stop the Student Loan Interest Rate Hike Act, is so important is that it allows us to achieve two important objectives. First, it puts us in a position to hold the line on student debt. If you are a sophomore in college, for example, and you have already incurred some debt and you want to finish school, then you want to get a degree in a field where you will get a job that pays a good wage. Without this legislation you are going to incur still more debt.…”