Wayne Allard: “on July 20 the senior Senator from the great State of North Dakota made a series of thought-provoking comments on the…”

“on July 20 the senior Senator from the great State of North Dakota made a series of thought-provoking comments on the floor of the Senate. Many of those comments related to a speech Larry Lindsey, President Bush's economic advisor and a distinguished public servant, delivered in Philadelphia on July 19. In his statement my colleague alleges that Dr. Lindsey misrepresented his views on raising taxes at a time of economic slowdown. In fact, on page 12 of his speech, Dr. Lindsey said, ``In recent hearings conducted by Senator Conrad at which Budget Director Daniels testified, the Senator agreed that raising taxes this year might not be a good idea given the economy. But he went on to be clear that next year might be different. He hinted at a tax increase in 2002, just as the economy is recovering.'' If, when he made his remarks on the floor of the Senate, Senator Conrad had not seen a copy of Dr. Lindsey's speech, I can well understand that he may not have realized that his allegation on the matter of his favoring a tax increase this year was false.”