On the recordJuly 18, 2000
I think what we are saying is this is an economic sand castle built on a foundation of sand; and it would be much more prudent in business and in government to be very cautious, whether it is new spending programs or whether it is tax reductions, to not commit that expenditure of dollars up front, not knowing whether 10 years of projections would be true. I would like to ask the Member, the gentlewoman from Florida (Mrs. Thurman), if the gentlewoman recalls any major national economist predicting that oil prices were going to double over the last several months.
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