Spring Break
Lincoln stresses election to UA students
James Baker
Issue date: 10/1/08 Section: News
America did spend $85 billion with AIG and got equity, as taxpayers have an 80 percent stake, Lincoln said.
"Some of the debt is really bad, but some is just bad, and bad debt is very marketable to investors," which is how the economy rebounds, Lincoln said.
"When the markets stabilize, taxpayers should receive benefits because they're providing the capital to give these companies the opportunity to get back on their feet," she said.
Lincoln also said excessive executive compensation should be halted. Both Democratic and Republican legislators are in agreement for some restrictions as the government looks to buy devalued assets from the numerous failed financial companies.
Henry Paulson, treasury secretary and former chairman of Goldman Sachs Group Inc., reversed his statements from Tuesday when he said restrictions would hinder starting the fund.
Paulson conceded Wednesday the issue of executive compensation should be addressed in the legislation, as Congress struggles to find a solution to the failures of Wall Street.
For students, financial crises seem like an everyday occurrence as many struggle with loans and debt.
The 110th Congress approved the College Cost Reduction and Access Act, a plan supported by Lincoln, which stands to support low- and middle-income students as the largest increase in new student aid and benefits, $20 billion, since the G.I. Bill.
The bill will forgive loan debt for students who commit to public service, reform the student loan system and make student loan debt more manageable at no cost to taxpayers.
Lincoln also supports the 21st Century G.I. Bill, which will expand educational opportunities for veterans.
"We've really pushed for the G.I. Bill," Lincoln said. "We didn't just want to improve for troops, but for the guard and reserve."
In an age when students flock to basic-cable pundits for news or get headlines from their cell phones when they're not in class, work or school activities, Lincoln said she believes the fervor for political involvement has helped motivate college students to become educated.
"Some of the debt is really bad, but some is just bad, and bad debt is very marketable to investors," which is how the economy rebounds, Lincoln said.
"When the markets stabilize, taxpayers should receive benefits because they're providing the capital to give these companies the opportunity to get back on their feet," she said.
Lincoln also said excessive executive compensation should be halted. Both Democratic and Republican legislators are in agreement for some restrictions as the government looks to buy devalued assets from the numerous failed financial companies.
Henry Paulson, treasury secretary and former chairman of Goldman Sachs Group Inc., reversed his statements from Tuesday when he said restrictions would hinder starting the fund.
Paulson conceded Wednesday the issue of executive compensation should be addressed in the legislation, as Congress struggles to find a solution to the failures of Wall Street.
For students, financial crises seem like an everyday occurrence as many struggle with loans and debt.
The 110th Congress approved the College Cost Reduction and Access Act, a plan supported by Lincoln, which stands to support low- and middle-income students as the largest increase in new student aid and benefits, $20 billion, since the G.I. Bill.
The bill will forgive loan debt for students who commit to public service, reform the student loan system and make student loan debt more manageable at no cost to taxpayers.
Lincoln also supports the 21st Century G.I. Bill, which will expand educational opportunities for veterans.
"We've really pushed for the G.I. Bill," Lincoln said. "We didn't just want to improve for troops, but for the guard and reserve."
In an age when students flock to basic-cable pundits for news or get headlines from their cell phones when they're not in class, work or school activities, Lincoln said she believes the fervor for political involvement has helped motivate college students to become educated.
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