    [Weekly Compilation of Presidential Documents Volume 36, Number 25 (Monday, June 26, 2000)]
    [Pages 1413-1415]
    [Online from the Government Publishing Office, www.gpo.gov]

    <R04>
    Remarks on the District of Columbia College Access Act

    June 20, 2000

        Thank you very much. Well, this is a very happy day. Welcome. I'd
    like to thank Representatives Eleanor Holmes Norton, Tom Davis, and Jim
    Moran for their role in this day; and Secretary Riley; OMB Director Lew,
    especially for his role as the Chair of the Federal DC Interagency Task
    Force. And I'd like to thank Grant Stockdale, who first proposed this
    idea several years ago.
        I am sorry that Mayor Williams couldn't be with us today, but the
    city is very well represented. And I want to welcome the university
    presidents from George Mason, Trinity, Bowie State, and Delaware State
    who are here today, as well as students they'll be welcoming because of
    the DC College Access Act. We also have some of the educators and
    parents who helped get these children to college, and the leaders of the
    DC College Access program who are raising private funds to help local
    students meet all the costs of a university education.

    Medicare Prescription Drug Coverage

        I want to talk in a moment about all that you have done together,
    but because this is my only opportunity to be with the press today, I
    want to say just a few words about another issue where your example of
    bipartisanship could stand us in good stead, and that is our stewardship
    of the Medicare program.
        This week the House is preparing to vote on a proposal for a
    prescription drug benefit for older Americans and people with
    disabilities. Unfortunately, in my opinion at least, the private
    insurance drug plan does not achieve that objective, of giving
    affordable, dependable coverage to every senior who needs it. At the
    same time, we have to face the challenge of making sure we pay the
    Medicare providers enough so they can give our seniors the high quality
    care they deserve.
        Payments are too low in important areas, and Medicare patients are
    at risk. Some think we have to choose between the prescription drug
    benefit and adequate quality care. But because of our remarkable
    prosperity, I believe we can do both, especially given the present
    strength of the Medicare Trust Fund. And I think we should do it right.
        Today I am proposing to dedicate $40 billion over the next 10 years
    to ensure that our providers can continue to provide quality care. I
    think all of us recognize, and I do think this is a bipartisan
    recognition, that when we passed the Balanced Budget Act of '97, we did
    not provide adequate funding for the medical providers of the country,
    and this will help, by increasing Medicare payments to hospitals,
    teaching facilities, nursing homes, and the home health care programs,
    so that Medicare patients can get what they need.
        My proposal also endorses Vice President Gore's initiatives to say
    for the very first time, the Medicare surplus will be off-budget, like
    the Social Security surplus, and therefore, can no longer be diverted
    for other purposes. Under the Vice President's plan, Medicare must be
    saved for paying down the debt in order to strengthen the life of the
    Medicare program.
        Today the House is voting on a proposal that embraces this concept
    and takes an important step toward achieving the goal. And I'm very
    pleased, and again, I think it will have strong bipartisan support. I
    hope it will be strengthened in the Senate, so there will be absolutely
    no question that any loophole can allow the money to be spent in other
    ways.

    [[Page 1414]]

    District of Columbia College Assess Act

        Now, just as we bear a heavy responsibility to our seniors, we also
    have perhaps an even heavier one to our young people, to do all we can
    to prepare them for the future. More and more, that requires that we
    offer every student the chance to go to college. In the coming years,
    the number of new jobs requiring a bachelor's degree will actually grow
    twice as fast as the jobs that require only a high school diploma. Over
    the course of a career, someone with a college degree today will earn,
    on average, $600,000 more than someone with a high school diploma.
        I have often said that I was the first person to go to college in my
    family, and I couldn't have done it without not only help from my family
    but without loans, scholarships, and jobs. Those things enabled me to
    have opportunities my parents' generation did not have, and without
    them, clearly, I wouldn't be standing here today making these remarks.
    So I think, like everyone in Congress who's been through the same
    experience, we want to make sure that the next generation has the same
    opportunity.
        For years, too many of this city--our Capital City's young people
    have been left behind, not because they didn't have the ability but
    because they didn't have the resources to go on to college. This fall
    things will be different. Thanks to a remarkable coalition of business
    leaders, city and Federal officials, Republicans and Democrats, working
    together, many of them here today, the children of Washington will have
    the chance to go to public colleges around the country at in-State rates
    or get some help to go to a private school close to home.
        The District of Columbia College Access Act makes the playing field
    a little more level for the children of Washington, DC. More students
    and parents will know that if they study hard and believe in themselves,
    the doors of college and the opportunity college brings will be open to
    them. And more middle income families will find that our great Nation's
    Capital is also a great place to live and raise their own children.
        This fall more than a thousand young people, many of whom might
    never have had the chance, will get the help to go to college. We're
    paying the difference between in-State and out-of-State tuition,
    sometimes as high as $10,000 a year. And we're providing $2,500 for
    young people who have chosen to attend local private colleges.
        Washington businesses are helping many of these children pay for the
    costs of college--the other costs--and they've helped increase funding
    for the University of the District of Columbia, as well. This is a great
    example of what we can do if we put aside our differences to work toward
    a common goal. It is one of the best investments we could ever make.
        One of the things that I am proudest of in my service as President
    is that we've had the opportunity to have the biggest expansion in
    college aid since the GI bill 50 years ago--expanded Pell grants, which
    many young Washingtonians use, education IRA's, the $1,500 HOPE
    scholarship tax credit, and the lifetime learning tax credit for the
    third and fourth years of college and graduate school and adult
    education. And now I've asked Congress to pass a college opportunity tax
    cut that would allow every family to deduct up to $10,000 of college
    tuition from their income tax every year.
        We have the resources now. The question is whether we have the
    vision and will to give all our children a shot at living their dreams.
    This bill indicates that we do. And again, I want to thank these
    Representatives here, who played a leading role, and all of you who
    helped to pass this bill.
        I'd like to now ask Dr. Alan Merten, the president of George Mason
    University; Zack Gamble; Secretary Riley; and Representatives Norton,
    Davis, Moran; and Jack Lew to come forward. I want to tell you that Zack
    Gamble is a young man who did well in college and was acceptable--
    accepted--acceptable and accepted--[laughter]--into several colleges.
    The DC College Access Act is making it possible for him to go to George
    Mason this fall to study computer science. We're going to present his
    tuition check now. It is just the first of many.
        Zack, congratulations. And to all the other young people here,
    congratulations to you. Good luck to you. God bless you. And now, in the
    immortal words of that great movie, we're going to show you the money.
    [Laughter]

    [[Page 1415]]

     Note:  The President spoke at 2:23 p.m. in the Roosevelt Room at the
    White House. In his remarks, he referred to Mayor Anthony A. Williams of
    the District of Columbia; Evan S. Dobelle, president, Trinity College;
    Calvin W. Lowe, president, Bowie State University; and William B.
    DeLauder, president, Delaware State University.