Political Quotes

“let's be frank. We live in a global economy. We need the best educated workforce in the world to compete. Yet we are making it harder and harder for middle-class families to send their kids to college. At the same time, we are saying to those young people who go to college: You are going to be living with an oppressive debt for decades--for decades. Several months ago, I talked to a young woman in Burlington, VT. Her crime was that she went to medical school in order to become a primary care physician. Those are exactly the people we need. She left medical school with $300,000 in debt. Does anybody think that makes any sense at all? Right now, if you want to go out and buy a new car, you can get interest rates in some cases of 0 percent, 1 percent, 2 percent. If you want to refinance your home, you can pay 3 percent, 4 percent, 5 percent. Yet, when parents want to send their kids to college or young people themselves take out loans, they are forced to pay 6 percent, 8 percent, or even a higher percent for the crime of wanting to get a higher education. Senator Warren's amendment is eminently sensible. It significantly lowers interest rates, cutting them almost in half to 3.9 percent. This would be a huge blessing for millions of young people who are having a hard time buying homes, a hard time even starting families because they are dealing with this oppressive debt.…”