Mark Takano: “Well, it certainly hurts our economy in that way. They're going to delay buying a car; they're going to delay buying a…”

“Well, it certainly hurts our economy in that way. They're going to delay buying a car; they're going to delay buying a home; they're going to delay starting a family with this debt overhanging. Beyond the interest rates, I also believe we need to focus on lowering the principal, making sure we support our public institutions of higher ed to make sure that the principal isn't there. But certainly I support our caucus's effort to keep interest rates from doubling. It's a very sad fact to say that doing nothing--if we don't get our way, that doing nothing is actually better than what the Republicans propose.”