QUOTIENT, n. A number showing how many times a sum of money belonging to one person is contained in the pocket of another - usually about as many times as it can be got there.
We have an obligation and a responsibility to be investing in our students and our schools. We must make sure that people who have the grades, the desire and the will, but not the money, can still get the best education possible.
And money is not something to go mad about ... Money is for food and clothes and comfort, and a visit to the pictures. Money is to make happy the lives of children.
What we also have to recognize is that the deficit levels that I'm inheriting, over a trillion dollars, coming out of last year, that that is unsustainable. At a certain point, other countries stop buying our debt, at a certain point, we'd end up having to raise interest rates, and it would end up creating more economic chaos and potentially inflation.