And we can see the positive impacts right here at Solyndra. Less than a year ago, we were standing on what was an empty lot. But through the Recovery Act, this company received a loan to expand its operations. This new factory is the result of those loans.

We spend our way to the poorhouse. We buy giant TVs and iPads. Our children wear nice clothes thanks to high-interest credit cards and payday loans. We purchase homes we don't need, refinance them for more spending money, and declare bankruptcy, often leaving them full of garbage in our wake. Thrift is inimical to our being.

The loans I took out for my undergraduate degree were manageable. But my legal education was more expensive, and I paid for it almost entirely through public and private loans.

Debt certainly isn't always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates.

Investigating some of the largest subprime lenders - Wells Fargo, Countrywide, Ameriquest, Household Finance - I've seen how their terrible, toxic loans were closed by any means necessary and eventually packaged, sold as securities, and bet upon until they exploded and decimated our economy.

Like many other banks and finance companies, Green Tree used a process called securitization to resell its home loans to outside investors. Green Tree grouped thousands of these small loans into a pool worth hundreds of millions of dollars.

Banks were once places to hold money and were very careful in lending to finance families as they built a future - bought homes, bought cars, took out student loans.

The higher amount you put into higher education, at the federal level particularly, the more the price of higher education rises. It's the dog that never catches its tail. You increase student loans, you increase grants, you increase Pell grants, Stafford loans, and what happens? They raise the price.

For-profit higher education is today a booming industry, feeding on the student loans handed out to the desperate.

The rising costs of higher education coupled with the stress of paying student loans are putting increasing pressure on students.

It has long been said the only things in life that are certain are death and taxes. Automatic enrollment for insurance of 401k loans would add an additional certainty. Fewer Americans would suffer the unnecessary loss of retirement savings due to unanticipated and untimely misfortune in an already stressful time of need.

Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.

By making college unaffordable and student loans unbearable, we risk deterring our best and brightest from pursuing higher education and securing a good-paying job.

Slowly, God is opening my eyes to needs all around me. In Scripture, God revisits this issue of caring for the poor- an echo that repeats itself from Genesis to Revelation. The Bible acknowledges that the poor will always be part of society, but God takes on their cause. The Mosaic law of the Old Testament is filled with regulations to prevent and eliminate poverty. The poor were given the right to glean- to take produce from the unharvested edges of the fields, a portion of the tithes, and a daily wage. The law prevented permanent slavery by releasing Jewish bondsmen and women on the sabbatical and Jubilee year and forbade charging interest on loans. In one of his most tender acts, God made sure that the poor- the aliens, widows, and orphans- were all invited to the feasts.

And I think it's that time. And I think if you just step aside and Mr. Romney can kind of take over. You can maybe still use a plane. Though maybe a smaller one. Not that big gas guzzler you are going around to colleges and talking about student loans and stuff like that.

The People's Republic of China has not yet reached the military might of the Soviet Empire. It requires a little more time and a little more infusion of Western aid loans technology and the hard currency of our tourists.

And we can see the positive impacts right here at Solyndra. Less than a year ago we were standing on what was an empty lot.But through the Recovery Act this company received a loan to expand its operations. This new factory is the result of those loans.

Nobody wants to read about the honest lawyer down the street who does real estate loans and wills. If you want to sell books you have to write about the interesting lawyers - the guys who steal all the money and take off. That's the fun stuff.

And I think the more money you put in people's hands the more they will spend. And if they don't spend it they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans and we need to do that.

Quite frankly Barack Obama knows what it's like to pay a mortgage and student loans. He knows what it's like to watch a beloved family member in a medical crisis and worry that treatment is out of reach. Barack Obama knows our struggles. And my friends he shares our values.

Poorer students take out larger loans and will have to contribute more to the cost of higher education.

For-profit higher education is today a booming industry feeding on the student loans handed out to the desperate.

I never had the high-paying job or the company car. It took me over a decade to pay off my student loans. I never had to worry about where to dock my yacht to reduce my taxes.