Jack Kingston: “let me get back on the balanced budget. There are three reasons we need to keep focus on the balanced budget. No. 1, the…”

“let me get back on the balanced budget. There are three reasons we need to keep focus on the balanced budget. No. 1, the Federal Reserve says if you have a balanced budget, interest rates will fall. If they fall as much as 2 percent, it would make a significant savings in your monthly home mortgage and your automobile bill, if you own your car. No. 2, it will create jobs. Because small businesses can borrow money at lower interest rates, they will expand more opportunities which will be out there for everybody. No. 3, your taxes will go down, because you will not have that huge crunch from the Federal Government that is draining the pocketbooks of American workers right now. That is one reason why this Congress fought so hard for the $500-per-child tax credit. The gentleman earlier talked about single women at home. Raising children is the most frustrating, the most difficult, the most expensive thing that I think I have ever tried to do, or anybody else can do. And a $500-per-child tax credit will help the American working men and woman afford their family. It will help the middle class like no other measure that we could pass in Congress.”