Speaking at the University of North Carolina about a bill to prevent some interest rates on some student loans from doubling, President Obama let loose with a lengthy dig at the state's Rep. Virginia Foxx (R-NC) for comments she made dismissing student's complaints about their debt load.
"She said she had 'very little tolerance for people who tell me they graduate with debt because there's no reason for that.' I'm just quoting here," Obama said. "The students who rack up student loan debt are just 'sitting on their butts having opportunity dumped in your lap.' I'm reading it here. I didn't make this up."
He continued: "Now, can you imagine saying something like that? Those of you who've had to take out student loans, you didn't do it because you're lazy. You didn't do it lightly. You don't like debt. A lot of you, your parents are helping out, but it's tough on them. They're straining. And so you do it because the cost of college keeps going up and you know there's an investment in your future."
Foxx's exact words, in a radio interview this week: "I have very little tolerance for people who tell me that they graduate with $200,000 of debt or even $80,000 of debt because there's no reason for that. We live in an opportunity society and people are forgetting that. I remind folks all the time that the Declaration of Independence says 'life, liberty, and the pursuit of happiness.' You don't sit on your butt and have it dumped in your lap."