Todd Tiahrt: “in the present we are enjoying one of the strongest economies we have had for a long time. Our gross domestic product is…”

“in the present we are enjoying one of the strongest economies we have had for a long time. Our gross domestic product is up. Unemployment is at an all-time low in Wichita, KS, it is approximately 3 percent. We have the stock market setting new goals every week. And a lot of our economy is based on a perception. Right now the perception is that we are going to do something about the Federal debt. We are going to do something about the $355 billion that we will spend this year just to pay the interest on the Federal debt. By stopping the growth in our Federal debt, we will eventually get a lower interest level and that will mean more money available to build highways or provide for national defense or provide health care dollars or nutrition programs, the things that traditional people think that ought to be done by our Federal Government. So we have this very strong economy, and it is based on the perception that we will get to a balanced budget. There is finally hope out there that we are going to control the spending at the Federal level and that we are going to allow people to have more control of their own money. People do two things when they are more in control of their own money. They either spend it or save it, and both things are good for the company. If they save it, that makes more capital available. That capital is then invested in innovative ideas which become in reality new jobs, and they provide more goods, or people spend the money.…”