It has been an incredible debate. I sat and listened to the debate on both of the rules and then on the substance here, the substance of this budget debate tonight. I guess maybe the same IMF to whom we provide the funds that they can go and provide capital throughout the world may be critical of us, I do not know. And possibly, the gloom and doom that we heard here tonight, if we set that as our philosophy and what this Congress can achieve and what this country would achieve, we probably would not be able to achieve very much. But I taught economics for a number of years, 16 years; and we taught about projections and how the economists put formulas together and how you can look out into the future. But not many of those projections can really look out into the future. I would say if you try to say what is going to happen in this country 10 years from now with the economy, it probably would go up and down and right to left three or four times before we ever get to that future. What is important is now. And I have heard a lot of rhetoric tonight. But I know what this budget does. It lays down the blueprint for the future of this country this year. This Congress, who is charged with doing the things that our people, the people who elect us, our constituents want us to do, they want us to stimulate this economy. They want us to see this economy getting going again. We lost $250 billion in revenue last year, just in losses in capital gains.
Editor's note · Context
Discussing the importance of the budget and economic projections during a floor debate.
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