Mike Thompson actually said...

"We are on track to have a $1 trillion budget deficit, if not this fiscal year, certainly next fiscal year."

"So far this year--and it is still early days, as the tax refunding is just now kicking into gear--it does appear that the refunds are meaningfully smaller, somewhere between 5, and as much as 10 perce..."

"GDP has grown at over 3 percent, lowest unemployment in 50 years."

"That was money that we didn't have. So it was a windfall for folks who were already wealthy, and it did little for the rest of the country."