Jim McDermott actually said...

If we drop the rate on taxation from 35 percent, maybe we could drop the rate on student loans to prime rate.

Today, you have 41 million people who are carrying $1.2 trillion worth of debt, and it is putting a damper on our economy.

The average debt of a student coming--62 percent of the students in this country come out of college $35,000 in debt.

Now, I would like to talk a little bit about my own experience. In 1970, I was a physician.