We’ve been telling... students and their families for years that college is the only way to succeed in the economy these days and of course there’s a lot of truth to that. On average it does pay off... But if you load up on a whole lot of student debt and then you don’t graduate, that is a very bad situation.
The fact that going over the fiscal cliff would hurt the economy in the short run is, to me, basically saying stimulus would help the economy in the short run. The whole debate over whether the stimulus is a good idea is answered by those who say going over the fiscal cliff is a bad idea.
[Presidents Barack Obama and George W. Bush] both contributed [to the national debt]. I'm not too worked up about attributing 27 percent to this and 36 percent to that. But, the fact is that both presidents were irresponsible. We’re seeing the impact of that now.
Stimulus would help a lot. I find the whole lack of discussion about having a stimulus to be disappointing... Republicans don't want to acknowledge that stimulus could help. Democrats don't want to acknowledge that we need another stimulus.
I think almost all of the major tax expenditures could be trimmed, curtailed or eliminated. I don’t think any stand scrutiny with the possible exception of charitable contributions. But even there, if you said that’s got to change because the other ones are changing, I would not object.