If you could negotiate a 40 percent reduction, it would be 40 billion, right?
Jim McDermott
The Public Record
Jim McDermott is a former U.S. Representative from Washington, serving from 1989 to 2017. A member of the Democratic Party, he represented Washington's 7th congressional district. During his tenure, McDermott was known for his advocacy on healthcare issues, social justice, and economic equality. He played a significant role in the passage of the Affordable Care Act and was a vocal critic of the Iraq War. McDermott also served on various committees, including the Ways and Means Committee, where he focused on tax policy and healthcare reform.
The Republicans gutted the risk corridor money, and so these co-ops are going down.
The Republicans put it in by caving to the pharmaceutical industry and tied the hands of the Secretary.
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.
Now, I would like to talk a little bit about my own experience. In 1970, I was a physician.
The average debt of a student coming--62 percent of the students in this country come out of college $35,000 in debt.
It was almost 6 years ago to the day that I introduced the Conflict Minerals Trade Act, which was designed to help stop trade in conflict minerals that were sustaining the brutal civil war in the Democratic Republic of the Congo.
Instead we will hear more of the same: complaints about problems they have created through their own sabotage and nothing constructive about how to make the system work better.
For the past five years Republican colleagues have systematically and deliberately sabotaged the implementation of the Affordable Care Act.
I suggested that the Republican Congress in 2013 slashed the funding for loans and grants by nearly two-thirds; is that correct?





