Timothy Roemer: “Yesterday Alan Greenspan testified before Congress and said that the dollar plunged to historic lows due in large part…”

“Yesterday Alan Greenspan testified before Congress and said that the dollar plunged to historic lows due in large part to the Federal budget deficit. We in the House passed a constitutional amendment to balance the budget. We need to make the courageous decisions to help balance that budget, but tax cuts, further taking away from lunch programs for hungry children across America, taking food out of their mouths to pay for a tax cut, is not the way to go. Recently before the Committee on the Budget such economists as Stephen Roach and Roger Brinner both said tax cuts are a bad idea. Let us make the courageous decisions and provide all American people with the best tax cut we can. That is to reduce the deficit. That will create better interest rates to buy a new home, to refinance a home, and to buy a car. Let us not play political promising games with tax cuts. Let us make courageous decisions to balance the budget.”