President Donald Trump on Wednesday offered a new way to invest for future generations of Americans, saying the government is already “over-funding” schools and universities.
Trump’s announcement came on the heels of a Wall Street Journal report that the Federal Reserve is set to raise interest rates again in 2017, which has led to higher costs for schools and classrooms.
The president said during his speech that he would like to see universities and other private companies invest in American students, who “are already underfunded” and “underpaid” by the government.
“I want you to invest, invest, in our country, in your future, in the future of our country,” Trump said.
“Because we’re the greatest country in the world and we’re going to take care of our students, we’re gonna take care for our teachers and we’ve got to take the money and give it back to you.”
Trump said his proposal is “a huge, huge boost” for schools.
“It’s a big change,” Trump told the crowd.
“It’s not like it’s not happening yet, it’s just that they’re getting more and more over-funded and underfunded.”
“I know it’s been talked about, but we’ve never had a president who would say that, a president that would say, ‘I’m going to put money into education.'”
Trump also praised the work of hedge fund manager Haim Saban, who Trump said helped him get into the business.
“The hedge fund industry has been a blessing to our country and to me,” Trump continued.
“They have made a fortune, and I have to say I’m very grateful for that.
They have given me a lot of opportunities.
I want to thank you all very much.”
The president then took a jab at Sen. Elizabeth Warren, D-Mass., who he said is “just too much of a distraction” for his administration.
“Let me tell you, it takes a lot to take a position, and she has been too much,” Trump declared.
“She’s been there for a long time, she’s been a very good friend to me.
But she’s just too much.”
Trump also spoke about the opioid epidemic, which the president has called “a public health emergency.”
“When the president talks about the heroin problem, the opioid problem, and he wants to make sure we’re not spending money on the war on drugs, he is a true friend to the people of this country,” the president said.
“And I think we have to give them that.”