On the recordJuly 10, 2013
I have one question that I would like to ask in the spirit of a colloquy to my dear friend from Iowa. They are saying 1 year, and they are looking at the compromised, bipartisan bill we have worked on. In 3 or 4 years the rates may go up because market rates will change. If we are only looking at 1 year, is there anything prohibitive in our bill that we couldn't go back a year from now if we see a better solution? If we get an education bill, we can say: Hey, here is the grand bargain, which is better than what we thought we had. Still yet, our bill saves $9 billion, and the bill my dear friends in my caucus support only saves $2 billion. If we only do it for 1 year, we help more people save more money, and then we can still rewrite another bill in 1 year. Are we able to do that?
