"Education is an economic issue -- if not 'the' economic issue of our time," according to President Obama, who spoke about education reform before members of the Urban League. He proposed shifting taxpayer money from bank subsidies to increasing college education funding. He proposed increasing funding for early childhood education. Here are some of the highlights of his speech.
"It’s an economic issue when the unemployment rate for folks who’ve never gone to college is almost double what it is for those who have gone to college. (Applause.) It’s an economic issue when eight in 10 new jobs will require workforce training or a higher education by the end of this decade. It’s an economic issue when countries that out-educate us today are going to out-compete us tomorrow."
"Now, for years, we’ve recognized that education is a prerequisite for prosperity. And yet, we’ve tolerated a status quo where America lags behind other nations. Just last week, we learned that in a single generation, America went from number one to 12th in college completion rates for young adults. Used to be number one, now we’re number 12. "
These are the words of President Obama who said his administration has made a number of reforms to make education affordable to more Americans. He stated:
"Now, because a higher education has never been more important –- or more expensive -– it’s absolutely essential that we put a college degree within reach for anyone who wants it. And that’s why we’re making higher education more affordable, so we can meet the goals I’ve set of producing a higher share of college graduates than any other nation by 2020. I want us to be back at number one instead of number 12. (Applause.) "
"And in pursuit of that goal, we eliminated taxpayer subsidies to big banks. We saved tens of billions of dollars, and we used those savings to open the door to additional financial aid -- to open the door for college to millions more students. This is something that a lot of you may not be aware of, but we have added tens of billions of dollars that were going to bank middlemen, so that that money is now going to students -- millions more students who are getting scholarships to go to college. (Applause.) That’s already been done."
"We’re making loan repayment more manageable, so young people don’t graduate -- like Michelle and me -- with such big loan payments every month."
For the full text of the speech click here: http://www.whitehouse.gov/the-press-office/remarks-president-education-reform-national-urban-league-centennial-conference
C-Span : http://www.c-span.org/Watch/Media/2010/07/29/HP/A/36186/Pres+Obama+Remarks+on+Education+at+Natl+Urban+League+Convention.aspx
"It’s an economic issue when the unemployment rate for folks who’ve never gone to college is almost double what it is for those who have gone to college. (Applause.) It’s an economic issue when eight in 10 new jobs will require workforce training or a higher education by the end of this decade. It’s an economic issue when countries that out-educate us today are going to out-compete us tomorrow."
"Now, for years, we’ve recognized that education is a prerequisite for prosperity. And yet, we’ve tolerated a status quo where America lags behind other nations. Just last week, we learned that in a single generation, America went from number one to 12th in college completion rates for young adults. Used to be number one, now we’re number 12. "
These are the words of President Obama who said his administration has made a number of reforms to make education affordable to more Americans. He stated:
"Now, because a higher education has never been more important –- or more expensive -– it’s absolutely essential that we put a college degree within reach for anyone who wants it. And that’s why we’re making higher education more affordable, so we can meet the goals I’ve set of producing a higher share of college graduates than any other nation by 2020. I want us to be back at number one instead of number 12. (Applause.) "
"And in pursuit of that goal, we eliminated taxpayer subsidies to big banks. We saved tens of billions of dollars, and we used those savings to open the door to additional financial aid -- to open the door for college to millions more students. This is something that a lot of you may not be aware of, but we have added tens of billions of dollars that were going to bank middlemen, so that that money is now going to students -- millions more students who are getting scholarships to go to college. (Applause.) That’s already been done."
"We’re making loan repayment more manageable, so young people don’t graduate -- like Michelle and me -- with such big loan payments every month."
For the full text of the speech click here: http://www.whitehouse.gov/the-press-office/remarks-president-education-reform-national-urban-league-centennial-conference
C-Span : http://www.c-span.org/Watch/Media/2010/07/29/HP/A/36186/Pres+Obama+Remarks+on+Education+at+Natl+Urban+League+Convention.aspx
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