John Bel Edwards: “Certainly no business would be able to make that kind of hopeful projection and say we will commit our company's…”

“Certainly no business would be able to make that kind of hopeful projection and say we will commit our company's resources for the next 10 years to a massive extent of expenditures or extra dividends to stockholders based on perhaps a very optimistic assumption, in fact what I think is an unrealistic assumption in this case, about the Nation's economy over the next 10 years. But I think the gentlewoman is correct. I do not recall one bill coming out of the Committee on Ways and Means on which she serves that has come to the floor that has said, now, these tax cuts are contingent upon every assumption in these grandiose 10-year projections coming true. The fact is the way they have passed these, we could have, for example, an economic crisis, we could have a military crisis throughout the world that could dampen a 10-year projection of a 2.7 percent increase over the next 10 years in our economy, projecting no recession for a longer period of time than has ever occurred in this country without a recession. They do not have any qualifiers saying, we will qualify those tax cuts based on what happens to the economy. To me, that is the kind of thinking that got us in the 1980s into what is today a $5.6 trillion national debt.”