The current concern for budget deficits, which I share and which I think we should find a way to try to bring under control, is not brought under control by adding trillions of additional dollars in tax cuts.
Topic · on the record
Economy
Every quote the archive has tagged economy.
And so adding another $2 or $3 trillion to the deficit by cutting taxes is largely likely to have the same impact as if we increase spending by that amount.
We only consider it major unless it is $100 million.
I agree that we have a labor supply problem. We shouldn't look to children to fix it.
Is it unfair to ask people before they get a government check to go to work, go 20 hours a week? Really?
First, I would like to remind my Democratic colleagues that the House acted last month to increase the debt ceiling by $1.5 trillion. They all voted against it.
Aren't you putting that very program at risk by not raising the debt ceiling?
$47 billion in Medicare provided payments that are due June 1 would not go out.
$25 billion in Social Security benefits would not be sent out.
$12 billion as of June 1, if we default, $12 billion in veterans benefits would not be sent out.
Janet Yellen has never created a job in her life.
We have a debt problem that really could turn quickly into a debt crisis and that would be hard to bail.
I would suggest a 1.1 GDP quarter, last quarter, which is down every quarter for the last three quarters, heading into recession, ain't good news.
This has been a remarkable period for our economy, a resilience that even the experts at the Congressional Budget Office...
We have a better inflation picture here in the United States than all of our peer countries in Europe...
I respect that President Trump took this on, I think like no other president, this herculean task of deregulating our economy.
This is stupidity at its height, and the economy is not doing well.
Having timely access to affordable, effective medicines is a key part of their economy and our domestic food chain.