Marcy Kaptur: “No Republican votes. No Republican votes. So the problem is that we cannot do what is right for this country, and all…”

“No Republican votes. No Republican votes. So the problem is that we cannot do what is right for this country, and all that money we paid in interest due to borrowings we could fully fund the homeland security additional needs that we have. We could take care of those kids that cannot pay their college tuition. We could take care of veterans. We could take care of the water and sewer lines that the gentleman from Ohio, ``Mr. Ryan'' was talking about. That is how big $200 billion is. Roll all those agencies together, paid for, but not when you are extending yourself by all these borrowings. And when the new head of the Federal Reserve made a statement that interest rates might have to go up because of this capital crunch our Nation is facing because of this debt, the markets got so skittish. The stock market dropped a couple days in a row. The real estate industry went crazy because they know if those rates go up, the kind of foreclosures you are experiencing in Massachusetts and we are definitely experiencing in Ohio are going to skyrocket. So the economy is at a critical edge. We are in unchartered waters in terms of the importance of these borrowings and the down draft that that is creating inside this society. It is really a very dangerous situation. At the beginning of the 21st century when President Clinton left office, and there was much I disagreed with him about, but we had a balanced annual budget and were beginning to pay down our accumulated debt.…”