Rick Allen: “On car loans and home mortgages and on business loans. That is number one. And because it means higher interest rates in…”

“On car loans and home mortgages and on business loans. That is number one. And because it means higher interest rates in the long run, it means slower economic growth, slower economic growth than we would have with more responsible policies. What does slower economic growth yield? Fewer jobs. Fewer jobs for the American people. {time} 2320 So we have higher interest rates, slower economic growth, fewer jobs. It is hard to believe the people who care about America would do what the Republican majority is doing to the American people through these budgets. They have fed the wealthiest people with tax cuts, the largest tax cuts in American history, and they are taking from the middle class opportunities for education and job training and advancement that ought to be part of what this country means. I think it is embarrassing, it is a shameful activity, and it clearly is the worst fiscal irresponsibility that I can remember in the last 100 years.”