Ted Cruz: “If we don't do something, I think we're going to wake up…”

“We're in the Olympics. And we're seeing that schools are canceling programs every day. They're doing it now. And smaller schools are also in trouble. Yep. Division two, Division three. Yes. If we don't do something, I think we're going to wake up soon and there's going to be 30 to 50 programs and. And the top programs will survive and have all the money. And I think everyone else goes under unless we do something correct. All the. I'm one of those. I rarely get mad.” (24:05–24:17)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.