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OREGON
OF
1859
OREGON GON STA
STATE OF OREGON
SECRETARY OF STATE
PHIL KEISLING
136 STATE CAPITOL
SECRETARY OF STATE
SALEM, OREGON 97310-0722
1859
(503) 986-1500
136 STATE CAPITOL
PHONE (503) 986-1523
SALEM, OREGON 97310
FAX (503) 373-7414
Bruce Reed
MIKE C. -
Assistant to the President for Domestic Policy
2nd Floor, West Wing
Smat guy,
The White House
Washington, D.C. 20502
no rush to read
Dear Bruce:
his idea. BR
Congratulations on your new position. On my next D.C. visit -- perhaps in March, when I'm back for a
wedding -- I hope we get a chance to meet in person!
I'm heartened that the Administration has given such prominence to higher education funding/access
issues. I also think there is room for even bolder -- indeed, more audacious -- thinking.
The enclosed is something I've circulated in Oregon -- it has gotten a few nibbles from legislators,
though no official state sponsorship. It is a state version of a notion championed by the Washington
Monthly for years. If you get a chance to review it, you might consider the following:
If part of the Administration's strategy potentially involves "letting the states be
laboratories," something like this might fit in. A "waiver" of certain laws -- federal financial aid/loan
programs -- might facilitate it.
If the thinking is, "Let the first $1,500 of two years of higher education be 100% financed"
-- expansion of the K-12 entitlement as it were - then this idea could be applied to the "non-
entitlement" portion.
With access to IRS and other mechanisms, the federal government is even better equipped
than states to make this work.
Far and away the biggest obstacle to this is financing the up-front costs of getting it started.
Here's a whopper of an idea - as long as it is in substantial surplus for the next 25 years, might there
be a way to (safely!) use the Social Security Trust to provide bridge financing, in effect directly invest
in the future of the generation that's most at risk of truly getting screwed by current arrangements?
Hope all is well -- thanks for your consideration.
Best
Philling Phil Keisling
PK:ays
Encl.
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"ocrText": "OREGON\nOF\n1859\nOREGON GON STA\nSTATE OF OREGON\nSECRETARY OF STATE\nPHIL KEISLING\n136 STATE CAPITOL\nSECRETARY OF STATE\nSALEM, OREGON 97310-0722\n1859\n(503) 986-1500\n136 STATE CAPITOL\nPHONE (503) 986-1523\nSALEM, OREGON 97310\nFAX (503) 373-7414\nBruce Reed\nMIKE C. -\nAssistant to the President for Domestic Policy\n2nd Floor, West Wing\nSmat guy,\nThe White House\nWashington, D.C. 20502\nno rush to read\nDear Bruce:\nhis idea. BR\nCongratulations on your new position. On my next D.C. visit -- perhaps in March, when I'm back for a\nwedding -- I hope we get a chance to meet in person!\nI'm heartened that the Administration has given such prominence to higher education funding/access\nissues. I also think there is room for even bolder -- indeed, more audacious -- thinking.\nThe enclosed is something I've circulated in Oregon -- it has gotten a few nibbles from legislators,\nthough no official state sponsorship. It is a state version of a notion championed by the Washington\nMonthly for years. If you get a chance to review it, you might consider the following:\nIf part of the Administration's strategy potentially involves \"letting the states be\nlaboratories,\" something like this might fit in. A \"waiver\" of certain laws -- federal financial aid/loan\nprograms -- might facilitate it.\nIf the thinking is, \"Let the first $1,500 of two years of higher education be 100% financed\"\n-- expansion of the K-12 entitlement as it were - then this idea could be applied to the \"non-\nentitlement\" portion.\nWith access to IRS and other mechanisms, the federal government is even better equipped\nthan states to make this work.\nFar and away the biggest obstacle to this is financing the up-front costs of getting it started.\nHere's a whopper of an idea - as long as it is in substantial surplus for the next 25 years, might there\nbe a way to (safely!) use the Social Security Trust to provide bridge financing, in effect directly invest\nin the future of the generation that's most at risk of truly getting screwed by current arrangements?\nHope all is well -- thanks for your consideration.\nBest\nPhilling Phil Keisling\nPK:ays\nEncl."
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