Video archive of the US Congress

Senate Proceeding on Mar 24th, 2010 :: 0:34:40 to 0:36:00
Total video length: 17 hours 55 minutes Stream Tools: Stream Overview | Edit Time

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Lamar Alexander

0:34:39 to 0:35:00( Edit History Discussion )

Lamar Alexander: loan money basically paying it? mr. alexander: mr. president, i'm afraid the senator from new hampshire is exactly right. according to the congressional budget office's updated estimates, $8.7 billion of this money that's being overcharged students will be used to help pay for the health care bill. the other money, except for a

Lamar Alexander

0:34:40 to 0:36:00( Edit History Discussion )
Speech By: Lamar Alexander

Lamar Alexander

0:35:01 to 0:35:21( Edit History Discussion )

Lamar Alexander: small part, will be used for other government programs. so you're right. on both counts. just one washington takeover after another. that's why i'm saying i think we ought to hide the yellow pages from these fellows. they find something in there being done in the private sector, they're going to say we can cut out the profit.

Lamar Alexander

0:35:22 to 0:35:44( Edit History Discussion )

Lamar Alexander: we can cut out the business. why doesn't the government do it? second, this is an astonishing thing to me. these are wall street financiers going to the community colleges in new hampshire and tennessee. these are people with jobs who are trying to improve their life. their student loan levels are already too high. we're all worried about that.

Lamar Alexander

0:35:45 to 0:36:00( Edit History Discussion )

Lamar Alexander: so we're going to take another $1,700 or $1,800 on a $25,000 average loan over ten years and say we're going to overcharge u and we're going to use that in the government. the answer is yes to your question, senator. $8.7 billion of the money taken from students by overcharging

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