Rep. George Miller (D-CA) talking about why the College Cost Reduction Act is a good thing, and why the GOP shouldn’t have tried to kill the bill. Got the chamber pretty fired up.
The bill passed the House yesterday, despite the best efforts of Pryce, Tiberi, Chabot, Gillmor, Jordon, Hobson, and Schmidt. Nancy Pelosi’s summary:
The legislation invests about $18 billion dollars over the next five years in reducing college costs, helping millions of students and families. It comes at no new cost to taxpayers, and is funded by cutting excess subsidies paid by the federal government to lenders in the student loan industry.