Mr. Speaker, it is an honor to address the House and the American people on this afternoon. I must say that this is not only a great opportunity but a historic opportunity to address the House. I was very honored to see and hear the…
Mr. Speaker, it is an honor to address the House and the American people on this afternoon. I must say that this is not only a great opportunity but a historic opportunity to address the House. I was very honored to see and hear the Democratic leader, Nancy Pelosi, share her appreciation for the 30-Something Caucus that she created here in this House to address the American people on a weekly basis. And so this is our first evening coming together. We will have some Members that are 30-plus, maybe in their lower 40s, but all of the ladies that will come forth tonight, they are all in their 20s, so they do not quite want to admit that they are in the 30-Something Caucus, but we do have Members that have been in this body and as a part of this body on the Democratic side who came in at a very young age.
I think, Mr. Speaker, Members of the House and also the American people, it is very important that we have Members here so we have a diversity of not only representation but a voice as it relates to the future and especially for those individuals, I am 37 years old and I am going to be in a situation very soon, I have young children that are going to have to attend college. So what is happening right now in this House and what is happening in this country is so very, very important to me, not only as a Member of Congress but also to individuals that work hard every day.
I just wanted to rehash what the leader shared with us a little earlier today when she took the floor this evening, about maybe 30 minutes ago. She created a 30-Something Caucus, Leader Pelosi did, amongst House Democrats. There are 14. We work day in and day out to make sure that we talk about the issues and point out issues that are happening here in this House and making sure that we have results or recommendations for results. There is only so much that we can do in the minority; but if we continue to work hard toward those issues, then we can bring about the kind of change that is needed for the country, that means for individuals that are Democrats, Republicans and Independents. Also, this is going to provide an opportunity for us to be interactive with the American people through e-mail and also through other means of communications to make sure that we provide the best kind of representation that is possible, especially for individuals that are approaching college, parents that are thinking about sending their children to college, making sure that it is affordable and that it is there for them.
I would like to call on the gentlewoman from California (Ms. Linda T. Sanchez), who has been such an outstanding Member of this body and also a good voice not only for her district in California which she represents, the 39th District, but being my freshman sister here in this 108th Congress.
I thank the gentlewoman from California so very much. I want to say on just a few of her points, talking about the real cost of tuition, we talk about students, we talk about the cost of young people having to foot the bill, we talk about students leaving the college experience, the higher educational experience if they get through, if they can afford it, carrying on a great deal of debt that starts them off in the working world already in the hole. They went to school to be able to help America be stronger and also help themselves to be able to get the kind of job they need to be able to provide for their families and be able to buy a home.
And what she is saying is very real. She took part in the 30- Something or the Young Leaders conference that the gentlewoman from California (Ms. Pelosi) had, and we all participated in it. And I just would appreciate it if she could share a few of the stories that some of the students shared with her about their experiences about trying to afford college because many of them work here in this House, many of them attend school right now, and they are running into you know what trying to pay for college.
Mr. Speaker, we have two different educational experiences beyond high school now. We have our 2-year institutions that are community colleges that many working people have to use to be able to receive a higher education, not because they could not get into a 4-year institution. Many times they have to stay home, Mr. Speaker, to help pay bills. They cannot afford, because of a lack of income or a sick family member, to move away.
So they do their first 2 years at community colleges. Then we have another group of individuals that graduate from high school, moving on to a 4-year institution, and they also have to foot their own way through college, or a parent has to pick up an additional job or ask other family members to participate in helping to pay for one's educational experience.
And while the gentlewoman from California (Ms. Linda T. Sanchez) is here, I want to make sure that we share with the American people what is going on in this Congress now. Many times people ask, Okay, Democrats, what do you stand for? I mean, it is one thing to describe the problem. It is another thing to make sure that we can talk about and act upon solutions. And I will tell my colleagues that as it relates to doubling the maximum Pell grant award to $11,600 by 2010, I must say that this is a commitment that should be fulfilled because right now we have the typical student that nearly doubled themselves in debt.
Sixty-four percent of them are $17,000 in debt when they walk across the stage, thinking that they are going to a job, that is, if they have a job, that may be able to help pay down that debt, and we have more students in America, young people, whose loans are falling in default, and one of the things that I picked up at the conference, so it is so very important that we listen, the banks are now marching to the Hill with the majority. Republicans are saying, well, we have a plan for student loans. And I get kind of concerned when banks start coming with a plan for students.
And I do not know, I am not speaking from experience, but I know people who have gone through this. Right now we have banks, Mr. Speaker, that if one overdraws, it is a $29 fee. These are the same individuals that are coming to the Hill that are getting the attention of congressional leaders that they have a plan for young people. They are trying to do away with making sure that students can have a fixed rate to be able to make sure that they can pay their loans down, and when we do not have this fixed rate, the Congressional Research Service that we call CRS said ``by eliminating the current consolidation low- fixed rate benefit would force a typical student who has borrowed within $17,000 in debt to pay an additional . . . ''
This is a tax, Mr. Speaker. I am going to put it this way. When we have a $7.1 trillion deficit, the highest deficit in the history of the republic, and at the same time we are providing tax cuts to millionaires who are not even asking for it because we can, this is what happens. We continue to fleece our future and fleece the dreams of these Americans. And I just want to mention, before I yield to the gentlewoman, that under the fixed rate as it relates to interest, $3,948. Under a variable rate, that is the banks' plan, the big banks' plan that I must say is getting wind behind the sails here in this Congress, which is the reason why I am glad the gentlewoman from California (Ms. Pelosi) has brought us together because she needs the opportunity to be the Speaker of this House so that we can get some legislation and make sure we insulate the protections that students have now, under a variable rate, $9,432.
So when we look at it, $3,948 under a fixed; under a variable where banks make more money, students pay longer, and more students go into default, $9,432, this is counterproductive. These are the things that we have to talk about, and these are the things that we have to legislate against.
Mr. Speaker, we just had another colleague join us. But I want to share with the American people, like I said, we are interactive here. We want to make sure that we hear from the American people. We want to make sure that we take them up on their suggestions. And the gentlewoman from California (Ms. Linda T. Sanchez) is welcome to stay as long as she can. I know we all have schedules. But we are here to listen, and we are here to act.
For the Democratic leader, and I must add, female leader of any major party, to come here tonight to put emphasis on a weekly commitment of being here in this Chamber to make sure that we do not continue to see young people and families in debt because we feel that we are giving them one thing, okay, we will give them a $200 or $300 tax cut, but at the same time, we are pulling the carpet out from under them to allow their family to educate themselves better, to be able to provide for their families.
I want to commend the gentlewoman from California (Ms. Pelosi) for pulling us together, letting us know that our purpose here in this Congress is very important.
I want to give an e-mail address out. I want to make sure that the American people know that they can communicate with us on the topics that we should talk about in the future or topics that we are talking about now and also personal stories that not only working families are going through, trying to make sure they put money aside for students to be able to receive affordable tuition or that they can be able to provide for their children, [email protected]. They can send us e-mails. They can send us battles that they are fighting. They can also send us recommendations so that we can legislate better on behalf of them.
We also have someone who is joining us who is also one of our anchors here tonight, and I am so glad. I know the American people, nine times out of ten, think there is probably not a lot going on here, but there is a lot going on and we are so glad the gentleman from Ohio (Mr. Ryan) can join us. He is from Ohio, Congressional District 17, one of the youngest members, if not the youngest member, of the 30-Something group that the gentlewoman from California (Ms. Pelosi) put together, and is a dear friend and colleague. Mr. Speaker, I yield to the gentleman from Ohio (Mr. Ryan).
Mr. Speaker, reclaiming my time, I want to thank the gentleman for identifying this, and really this is about a discussion. We want everyone to share opening statements, but I think it is important that we talk about these issues.
Once again, I want to make sure this is not the report of the gentleman from Ohio (Mr. Ryan) or the report of the gentleman from Florida (Mr. Meek) or the report of the gentlewoman from California (Ms. Linda T. Sanchez) or the report of the gentleman from New York (Mr. Meeks).
These are reports produced by the Congress. These are reports produced by reputable institutions in the United States of America that are looking out for costs to the American people and looking out for our future as it relates to a workforce.
Mr. Speaker, reclaiming my time, let me share one other thing with the gentleman. I want to make sure the American people understand we are listening, and we will continue to listen. Not only young people, but parents that are facing this problem and grandparents that are now having to reach into their honey pot, however big it may be, of money they put aside, hard-earned money they put aside to help educate their children. Because the future of the bloodline is to make sure we have an affordable education system.
Democrats, the gentlewoman from California (Ms. Pelosi) and all of us in this Chamber, stand united in ending the $500 unfair student loan tax, which is the origination fee that the gentlewoman from California (Ms. Linda T. Sanchez) spoke about. That is the fee that banks celebrate. That is the cream on the top. That is the ``we are already going to make a load of money off of interest rates, but we are going to add another fee on.'' These are the things that individuals do not realize that are taxes that they are paying that they should not have to pay.
Also providing the Public Service Scholarships for up to $17,500, and loan forgiveness for high-qualified graduates to teach in our schools, in nursing, child welfare and other high-priority public service careers that are there, and at the same time doubling the maximum Pell grant award to $11,600 by the year 2011.
Mr. Speaker, I want to bring on the gentleman from New York (Mr. Meeks). We spoke of the $7.1 trillion deficit. That is a lot of money. As we go to make tax cuts permanent, this means that the education opportunity for young people and for parents who want to educate their children, I know this time of night I am usually either eating or we are putting children to bed, and I am going to tell you what is on my mind. On my mind is, can I afford it? And let me tell you, this is not about me, because, guess what? Many of us in this Chamber, we are going to be okay. The gentleman from Ohio (Mr. Ryan), the gentleman from New York (Mr. Meeks), the gentlewoman from California (Ms. Linda T. Sanchez), we are going to be okay, because we are Members of Congress and we are respected members of our community and we have some level of influence. Individuals may want to help our children.
But what happens to that individual who is not a Member of Congress? What happens to that individual that works every day, that is punching in and punching out, trying to live honestly? How do they educate their children? That is where the rubber meets the road. That is why we need the opportunity.
My good friend and colleague, the gentleman from New York (Mr. Meeks), no relation, he said that he is ``meek'' when he is in Miami and I am ``meeks'' when I am in New York. I thank the gentleman for joining us.
What I am glad to hear and see, especially the gentleman from New York (Mr. Meeks), many times I think people know the glory, but they do not know the story. The story is real. The story is, as one comedian said, you had to move back in with your parents, write your name on the orange juice container, and sleep in the den. But you had to do it.
The real issue is, especially for a majority of this Congress on the Republican side, standing firm to make sure that millionaires receive a permanent tax break, so that we would have in the very near future a $7.1 trillion deficit.
I am looking for the deficit hawks every day. I am saying, where are they? The folks that used to take the floor on the other side, the Republican side used to jump up and talk about the deficit every 2 minutes, when it was this Congress, the Democratically controlled Congress that balanced the budget. President Clinton balanced the budget that put forth the opportunities for young people.
And when we are talking about young people, I say to the gentleman from New York (Mr. Meeks), we are talking about you. We are talking about what you have to pay, what your constituents have to pay, my constituents, towards educating their children in the real world.
In the real world, many of these individuals that we are talking about here tonight, they cannot walk into a conventional bank and say, I want to get a loan for my children's education. They have to go and mortgage their homes. They get a second mortgage. They even go into the sub-prime mortgages, which is the high interest rate, because it is their children. As a parent, you will do anything to make sure that your children have a better opportunity than what you have had.
Just for a minute, the gentleman from New York (Mr. Meeks) shared with us where he came from and how he got here and what he had to do as a young prosecutor in New York.
I know the story of the gentleman from Ohio (Mr. Ryan). I remember when we first got here, the gentleman said, the last time I was here I was passing out papers in the hall and I worked for a Member of Congress.
I thought that it was not only quite amusing, but I want to make sure that people know we did not just drop out of the sky and end up here in Congress.
We also are Americans. We have gone through some things. We want to make sure that people like us do not have to continue to go through things, especially when we can provide and do better.
Mr. Speaker, just to the point, I have some information here. I am so glad the gentleman from Ohio segued into summer jobs. I worked in the summer and I worked every summer. I had to because my mom was like, you are going to go out and you are going to work. So right now, we have the Center For Labor and Market Studies at Northeastern University in Boston saying, right now we are experiencing the lowest job opportunity; summer jobs for teens this summer are expected to be at the worst since World War II, since the end of World War II. And I think it is so very, very important for us to see that and understand that.
Kids that are going to be released from school soon that are going to have all day and idle minds to sit at home or even to get in trouble. They are usually productive because we provide an opportunity for those individuals to go out and get a job to hopefully help mom, dad or grandpa, whatever the case may be, are not going to have that opportunity.
Not only the fact that we have a bad job growth experience right now in the United States, but the fact that companies that would usually carry out that goodwill gesture of saying, I am hiring some kids this summer, I am putting them to work, I am going to do the right thing, they cannot afford it. They cannot afford to do so, because they do not even have the job to give to a full-time person, their unemployment has expired and they do not have health care.
I just wanted to give that point out.
Mr. Speaker, I find comfort in the fact that we will be back next week to have a similar discussion, and each week we are going to try to move to another subject on the issues that have arisen that week. But I just want to pause 1 minute and make sure that folks know, because we want to continue to listen to the American people and what they have to say about this. Thirty-Somethingdems at mail dot house dot gov, that is 30somethingdems, all one word, D-E-M-S, at mail.house.gov. I want to make sure that we understand how this thing works.
I used to be a member of the State legislature in Florida for about 8 years prior to my arrival here. I want to make sure the American people understand, because Members of Congress definitely understand, but the majority, the Republicans are looking the other way. That is the reason why we need an opportunity, Democrats need an opportunity to stand for all Americans. We are not here talking about the Democratic young person or working family experience. We are talking about the American family experience. We are talking about where the rubber meets the road. We are not talking about a cable news show where you have 30 minutes on there and the dialogue is already slanted towards a particular position. We are talking about what is happening every day in America.
I have constituents, and these student loan individuals call every day, harassing them, terrorizing them. And then, better yet, we have the banks that are fueling these individuals to say, we do not want a fixed rate, we want a variable rate, and they will say, well, it is low at the beginning and then eventually it has ballooned to the point where the interest rate is a tax on individuals. So I just want to mention how these things work.
The gentleman from New York mentioned a $7 trillion deficit. So when we cut the Federal commitment to the States, the State governments, they look for the prey. Where can they cut? They are not like us. I mean we can go and, well, let us see, what credit card are we going to use today? We will use this one. We are just going to continue to charge. We are going to continue to knock on the door of the Bank of China saying, we need more money to pay down on the interest, not the debt, but just on the interest of the debt. They cannot do that.
So what they do, they go and they pull in the chancellor of the university system and say, hey, listen, it all rolls downhill and students end up footing the bill of additional tuition increases. So what does that mean, an increase? One may say, well, it is not bad. They are just students. No. It hits home. Because guess what? Parents have to help. I mean the gentleman from New York (Mr. Meeks) talked about it. You have to come up again out of your wallet and guess what? You cannot afford to pull out your credit card every time. You have to go in this part of your wallet, which mine is empty at this particular time, you have to go into this part of your wallet and pull cash out or go to a family member or go to the credit union, or go to the title loan company, or go to a prime interest rate to make sure that your kid can stay in school.
I just want to make sure the American people understand how this thing rolls downhill. When a Federal commitment is cut, the State has to cut their commitment, tuition rates go up and, I must say, just on case in point, for individuals that have a fixed rate that we have now, that I must say, senior members of the Republican Party are joining in with the banks to come up with this variable rate scheme that is put on by the banks, I must add, that borrowers default 8 percent of the time when they are able to consolidate their loans and 24 percent of the time with when they fail to consolidate their loans.
So when you look at it, the 24 percent, guess who wins? Well, the American people lose because they back the loans. But the banks win because, guess what? They are able to do that $500 fee all over again.
Mr. Speaker, if the gentleman can, before we run out of time, which I think we have about 10 minutes left, the gentleman from Ohio has to talk about this scheme that books are higher here in the United States than they are overseas. But before that, I am sorry, the gentleman from New York (Mr. Meeks) was in the middle of something.
Mr. Speaker, my son's birthday was yesterday and I pulled the wallet out. I have been married 12\1/2\ years and someone asked me for a 20 and I said, I have not seen one in 12 years. So I ended up opening my wallet and somehow gifts and things, and I am here and I am waiting for the end of the month.
Well, I can tell my colleagues right now, this whole issue of taxes, who pays them and who does not pay taxes is the defining issue here. I think it is very important that the American people understand that I am so glad that we are here tonight talking about solutions. We have a bigger job, identifying and describing the problem, that is good, because we are the Congress, we are an investigative body, we are hopefully a body of action and correction. But I will tell my colleagues this: if we stand idly by and allow individuals to come in, rob future blood lines of families, Democrats, Republicans, Independents, you name it, like David Letterman said, if you live in Sioux City, Iowa, you should be able to receive a higher education, your grandchildren and your children.
I will say once again, there is no greater prayer or hope that your children do better than what you have done, and the grandparents' philosophy is that their grandchildren have a better opportunity than what they had. And right now the way we are going, that is not happening.
Now, we talk about how we are going to do certain things, we talk about promises, and I am so glad that the gentleman from New York mentioned what Mr. Kerry is talking about.
Mr. Bush, I can go forever talking about things that President Bush has said he was going to do that he has not; but tonight is not that night.
It is what he said that he would do for students, what he would do for working families, and he said that he would make good on his promise in the 2000 election, that he would raise the maximum Pell grant award to $5,100 for college freshmen. That is just for college freshmen.
The gentleman mentioned Senator Kerry wants to give a $4,000 tax credit every year. That is just not, we want to get you in school, but we are not necessarily concerned about you finishing school. Because, guess what, you got to take out that loan to make sure our friends at the banks are happy. That is what keeps this thing rolling.
Instead of producing young minds, making them bright, making our country strong, we have a number of visas where we are shipping in people constantly to do the work that Americans could do if they were trained and if they had an opportunity to get that education.
I am glad the gentleman from Ohio (Mr. Ryan) mentioned his lawn cutting. I used to be a State Trooper in Florida. The gentleman was in Ohio so I did not pass him out on the highway while he was cutting grass. So I am glad the American people know that we are not from Mars. We are from the ranks of working people.
I want to mention one other thing that is very, very important, that Americans that are able to receive good jobs, they are able to support our economy, also provide health care for their families, if they do not receive a college experience, fewer and fewer students are going to school today, are being denied education, more and more students are being denied education because of what? Cost and also the availability of classes and community college systems and the 4-year institutions because they are having to cut.
Some of the chancellors, God bless them, they say we cannot go up on tuition any more, but what do they do then? They cancel classes or courses.
As we close here tonight, I want to thank the gentleman from Ohio (Mr. Ryan) and the gentleman from New York (Mr. Meeks) and also the gentlewoman from California (Ms. Linda T. Sanchez) for their assistance and help here today.
We ask American people to continue to tune in and communicate with us. I want to commend the gentlewoman from California (Ms. Pelosi) for putting this together. We thank the Speaker for the opportunity to address the House and the American people tonight.