Political Quotes

“I think the chairman, the Senator from Utah, concluded that automatic stabilizers do have some impact. I think that the chairman would agree with me that for a person who has lost his job or a person who has lost her job, the prospect of turning to the Government for unemployment insurance to continue to keep your family together not only stabilizes your situation while you search for another job but helps to stabilize the economy. I think the Senator from Utah would agree with me that unemployed workers seeking retraining and additional education to find a job in fact help to stabilize our economy. And that is exactly the point of this debate. I would concede every point made by the chairman about all of the other stabilizers that have evolved in our economy if he would concede that there is still a legitimate role of specific programs which step in to help the unemployed family. Let me give you an illustration of this which has been used in this debate before. This is an illustration of the business cycle in America from 1870 forward.”