Political Quotes

“Woman, I thank the gentleman for his bipartisan support. This is an issue that we all hear about from our constituents. As a member of the Education and Labor Committee, I know that we are working hard on affordable higher education; but, in the meantime, we need to make sure that we are aware of the problems that so many student loan borrowers have. This amendment will help us get the information through a report, and I appreciate that this will help us inform our approach here in Congress, as well as get a better understanding of the practices of student loan services. {time} 1445 Again, I thank the gentleman for his bipartisan support, I thank Chairwoman Waters for her support of the amendment, I urge all of my colleagues to support this amendment, and I yield back the balance of my time. Mr. McHENRY. Madam Chair, I yield myself the balance of my time. Again, I want to close by reminding Congress and reminding my colleagues that in 2009 and 2010 the Democrat House, Democrat Senate, and Democrat President nationalized the student lending industry. Ninety percent of student loans last year were done by the government. Only 10 percent were done by the private sector. That is deeply problematic. It is government that is saddling a generation of students with debt that is unsustainable for them. The lost economic potential as a result of that is deeply problematic for our Nation and for the individuals who are affected here.…”