I mean yes we are going to be living i mean i have an economic forecaster but everything i read suggests we are going to be living with an unusually high levels of unemployment, a lot of pain from over indebtedness and a quarter of the country is on food stamps. I mean its not a great depression. We are not repricing exactly what happened in the 30s but its a version of that. See the Consumer Financial Protection Bureau estimates that Student Loan Debt is more than a trillion dollars. Up next the Senate Budget committee looks at how that that affects borrowers and the economy as a whole. This is an hour and a half. [inaudible conversations] see this hearing will come to order. I want to thank senator johnson who is filling in today for my Ranking Member senator sessions. Welcome to you and all of our colleagues who are joining us today as well as a roomful. Welcome to all of you on a really important topic today. We are going to be talking about a challenge that 40 Million People aroun
People have to turn to Student Loans to help finance their education. In just a few moments you will hear from britney jones. Shes going to be talking about how taking out Student Loans made it possible for her to get a College Degree and britney id look forward to hearing more about your experiences. You were to start a teaching career and the same time paying down the student loan the but later college. Of course britney is not alone. Dealing with overbearing student debt is becoming a reality for growing number of americans. Statistics are staggering. Today the average College Graduate will have to pay back around 30,000 in Student Loans and a Record Number of young households owe student debt. Back in 1989, 16 of young households have student debt. By 2010 that figure had more than doubled according to the pew research center. More young people than ever before are dealing with more student debt than ever before and that can have lasting consequences. Americans who took out school
Our free nations cannot be complacent in pursuit of the vision we share a europe that is whole and free and at peace. We have to work for that. We have to stand with those who seek freedom. [applause] i know that throughout history, the polish people were abandoned by friends when you needed them most. So ive come to warsaw today on behalf of the United States, on behalf of the Nato Alliance to reaffirm our unwavering commitment to polands security. Article 5 is clear an attack on one is an attack on all. And as allies, we have a solemn duty a binding treaty obligation to defend your territorial integrity. And we will. We stand together now and forever for your freedom is ours. [applause] poland will never stand alone. [applause] but not just poland estonia will never stand alone. Latvia will never stand alone. Lithuania will never stand alone. Romania will never stand alone. These are not just words. Theyre unbreakable commitments backed by the strongest alliance in the world and the
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