Political Quotes

“The second point I would like to ask the Senator from Arizona, I think one of the real bedrock beliefs among Republicans is that if we cut taxes, particularly on the wealthiest people in America, the economy will prosper. We hear that over and over. Didn't we try that experiment under President George W. Bush? Didn't the debt of the United States double under the President and he left a shambles behind him, 2.3 million jobs lost in the first 3 months of President Obama's administration because of this failed economic policy which the Senator continues to espouse; that if we cut taxes on the rich, America is going to get wealthier. Haven't we tried it? Where are the jobs? Mr. McCAIN. If I could take a little trip down memory lane with my friend from Illinois, whom I had the great privilege many years ago--I don't know if I should mention the 1982 election. He and I came to the House of Representatives together, and he might recall that one of his own, then a Democratic Congressman from Texas, got together with President Reagan and guess what we did. We cut taxes. Guess what. We had one of the strongest recoveries in recent history of this country because we didn't start spending and add spending without paying for them. I would say to the Senator from Illinois, he is correct; the spending that went on in the previous administration was not acceptable and led to the deficit.…”