On the recordFebruary 18, 2011
I believe, is irresponsible, but this amendment would commit this country to an economic death spiral. It may sound like heresy, but the reality is you can't run the strongest government and the strongest economy in the world on less than 15 percent of GDP. Look back to the Clinton years when we were at 20 percent. We had the strongest economy ever. People at the top tax rates brought home more after-tax income than any time in American history. We created 23 million more jobs and we had a surplus. And that surplus is what we should be aiming for. Not only do we need to cut spending, sure, but we also need to raise revenue. We need to come to a balance. This is an imbalanced amendment. It is an irresponsible one, and our country and our people deserve better.
