Political Quotes

“Five years ago, the economists were trying to predict what would happen this year. This whole tax cut is based on our projections into the future of 5 years and 10 years. Five years ago, economists--the same people to whom we are turning--suggested that--I believe these numbers are correct--we would face a $320 billion deficit this year; five years ago, a $320 billion deficit. It is my understanding that instead we have a $270 billion surplus. The same economists that we are basing our projections on for 5 and 10 years missed it by $590 billion in this year. If that is the fact, when we project where we might be going with this tax cut, I think the Senator makes a good point. Let us be conservative. Let us be sensible. Let us be prudent to make sure we don't overspend any surplus in the future.”