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Public Statements

Interest Rate Reduction Act

Floor Speech

Location: Washington, DC


Mr. ANDREWS. A college student sits in the financial aid office worried about her interest rate doubling on July 1. A woman sits in the waiting room of the health clinic waiting to get a cancer screening. A corporate executive sits in a boardroom of an oil company waiting to get his tax break from the Federal Government.

Everybody here today says they want to help the college student avoid the loan increase. The bill says the way we'll pay for avoiding the interest rate increase is to send the woman home from the health clinic and deny her the cancer screening. We say the way to do it is to go to the corporate executive in the oil company boardroom and deny him his tax giveaway from the Federal Treasury.

The way to pay for this assistance for students is not to shut down health for the women of this country. The way to pay for it is to shut down the giveaway of taxpayer dollars to the oil industry of this country. That's the way to fix the problem, and that's the way we eventually will.


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