Tim Ryan: “What this really illustrates is our plan, as we have it here before I get into the homeland security, our plan is, as we…”

“What this really illustrates is our plan, as we have it here before I get into the homeland security, our plan is, as we begin to rein in the spending from the Republican Congress, cut out the corporate welfare, with the Medicare part D, all the major subsidies that are going to all the big pharmaceuticals and health care industries, what we want to do is we begin to move towards balancing the budget, reducing this payment here in the red, and then we have money to invest in lowering college tuition costs, making sure health care is affordable for all of our citizens, making sure we raise the minimum wage. All of these things are going to fit into our long-term economic plan that the Democratic Party has. We just need to control the levers of government here to make sure that happens. This is exactly how we are going to go about it. One of the other things that we will invest in, my good friend, and I think it is important to make this point, just in the first few days when we get in, think about it, raise the minimum wage and reduce the loans, the interest on the college loans, by half. So for the parent loans and the student loans, in the first day or two that we are here, we will cut the interest rates on those loans in half. You will save thousands of dollars over the life of your loan, about $5,000 for the average loan. We will raise the minimum wage, and that is for a single mom who works for minimum wage, who lives in poverty right now.…”