Political Quotes

“first of all may I congratulate both the gentlemen on the majority side and minority side for taking up in the closing moments of the 104th Congress a very important piece of legislation that will allow for the privatizing of Sallie Mae. There are members of the minority such as the gentleman from Florida [Mr. Peterson] and the gentleman from Texas [Mr. Edwards] and myself who have worked diligently during this session of the Congress to promote privatization of Sallie Mae. It is an institution that has matured, and under this legislation it will meet new needs of college students and colleges and universities after the privatization of both Sallie Mae and Connie Lee. It is an effort that we can all move forward with pride. It is, I think, a very good example of the privatization from the standpoint that I think what the American people really want us to do is to recognize when organizations become mature and can be self-sufficient and can enter into the private market to assume risks that government no longer has to underwrite.”