John Garamendi: “Exactly, and you might add education to that. So what do you do? Student loans of which $1.4 trillion and nearly a…”

“Exactly, and you might add education to that. So what do you do? Student loans of which $1.4 trillion and nearly a trillion of that is owned by the Federal Government, these students are paying interest to the Federal Government; and to add to that, we are going to deny them the ability to deduct the loan interest that they are paying. This is really just hypocritical, and it is very harmful to the economy. We want to do job training. Forget it. The money is gone. The Texas Two Step will deny us the money that we need for education, reduce the revenues, and then cut the programs to attempt to bring back under control the deficit. It did not work. It will not work. And what it means is, the American economy that is recovering is going to be given a wallop on the side of its head, and we are going to see some real serious problems as we attempt to build the foundation for future economic growth. The money will not be there. Mr.…”