Political Quotes

On the recordMay 22, 2003
since everybody liked to quote President Kennedy, I would like to quote President Reagan: ``Facts are a stubborn thing.'' After the 2001 tax cut, 2.5 million Americans have lost their jobs, 5 million Americans have lost their healthcare, $1 trillion worth of corporate assets have been foreclosed on, and 2 million Americans have walked out of the middle class into poverty. Facts are stubborn things. We can produce economic growth if we reduce the deficit, open up markets to American-made products and invest in education and healthcare. That is what we proved collectively in the 1990s, both the government, the private sector and the American people. They invested in their economic future. They invested in their children. We gave college education grants and tax credits so they can do that. That is an approach that is proven time and again. Rather than change course and invest in our future, we are putting our foot on the accelerator pedal to get the same results that we have produced to date: 2.5 million Americans without work. And on June 6 a new unemployment number will come out, and we will get 3 million people without work. That will be the net result. Facts are stubborn things.
Said by
Rep. Rahm Emanuel
Illinois

Editor's note · Context

Addressing the economic impact of the 2001 tax cut and advocating for investment in education and healthcare.

Share

More from Rep. Rahm Emanuel

Dec 19, 2007

A lot of people have mentioned that in fact this extension will cover the children that presently are in the program. That is half true and half not true. Kids who are on the program will be covered. But if you live in 14 States in the…

govinfo.gov
Dec 12, 2007

First of all, it wasn't part of welfare reform. Welfare reform had a 1-year transitional for Medicaid. It wasn't part of that, which is a point you made. Second is, SCHIP was so successful, while the rest of the population actually had an…

govinfo.gov
May 20, 2008

It's ironic that it took 4 years to close this offshore loophole. But we are shutting it down and paying for all these other benefits to ensure that this company and other companies like it who set up in the Cayman Islands do not go around…

govinfo.gov
May 20, 2008

About a week ago, this Congress passed the most comprehensive update of the GI Bill of Rights for both Active Duty, Guard and Reserve soldiers. We follow up that legislation with what we are doing today to also update our laws as relates…

govinfo.gov

Other voices in this conversation