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“If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that.”

“I naively chose a college that was almost as expensive as Stanford, and all of my working-class parents savings were being spent on my college tuition. After six months I couldn't see the value in it. I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out.”

“Obama recently warned some college graduates against being all worried about government tyranny, and Obama has good reason to warn you against that because worrying about government tyranny is the exact sort of thing that will get you audited. Or, when Obamacare is in full force, it will be the attitude that gets you denied life saving health care. So have faith in government. Or it will get you.”

“The saving of empty beer and liquor bottles is a strange college phenomenon. I bet most of you college students reading this right now have some empties on a shelf in your room. Everyone knows how much college kids like to drink, do we really need to display it? It's a good thing, though, that this trend stops after college. Wouldn't it be weird if your parents had empty wine bottles up on their bedroom wall?”

“We spent $100 billion on education, saving the education system 300,000 teachers who were laid off because of the recession. We also put tens of thousands of lower income kids in college through Pell grants which has fundamentally all their opportunity. We did the same thing with regard to what we did on transportation. So we weren't just trying to - we knew we had to do something big to keep us from going over the cliff into a depression and pull us out of hole.”