Jack Kingston: “I am not on the Joint Economic Committee, and quite often I see their 30- and 40-page documents, and I have difficulty…”

“I am not on the Joint Economic Committee, and quite often I see their 30- and 40-page documents, and I have difficulty reading them; but I was an economics major at the University of Georgia and one of the things that we often did with economics is we delved into the theory. But it is good to just shut the book every now and then and to think about the man on the street; what it would mean to him. Throw out the theory for a second and think about what would happen if we had more money in our pockets. If we had a guy just running around, and I will call him a friend of mine, Bill Granger. Bill is a working guy. He is a friend of mine and lives in Alma, GA. I am going to change some of the names of the cities to be a little careful here. I do not have his permission. Say Bill gets a $500 per child tax credit. He has three kids, so he will have $1,500 more in his pocket. Let us say his dad does not get that, his dad gets something from Social Security earnings limitations. Whatever the case, we confiscate less money out of their wallets in Alma, GA. What that means is they would have anywhere from, I will go ridiculously low, from $50 a person to maybe as much as $1,000 a person.”