Political Quotes

“Mr. President, in just 2 weeks, similar to many proud parents, I will be watching as my youngest daughter walks across the graduation stage. For some students, this important milestone marks the end of their college days and the beginning of a professional career. This achievement should be filled with hope for a great future, but for many it will be a story saddled with student loan debt and uncertainty about the economy, their job prospects, and their future. As I have listened to many of my Democratic colleagues discussing the extension of a special interest rate for the subsidized Stafford loans, I continue to hear false statements that would lead one to believe Republicans don't support extending this interest rate for students. This is simply not true. In my State of South Dakota, nearly 30,000 students received subsidized Stafford loans during the 2010 2011 school year. While I support alleviating financial pressure on students, I did not support the partisan legislation brought forward by Majority Leader Reid that would extend subsidized Stafford loans while raising taxes on some employers, not because the goal of the legislation is misguided but because the way the majority leader proposed to pay for the legislation is misguided. Majority Leader Reid's legislation, similar to its Republican counterpart, would extend the special rate of 3.4 percent for subsidized Stafford loans that existed for the 2011 2012 school year to the 2012 and 2013 school year.…”