Political Quotes

“You know, when you look at these charts, all it really is, you know, is a reflection of what really happened historically. They say, If you don't learn from the mistakes of history, you are doomed to repeat them. You can flip that around and say, Go look at what has always been proven to work. There are things that have been good and bad throughout history. You can go into the 2000's and look at 2003 when taxes were cut. There were some good things and some bad things that came out of that. The good thing was, when the taxes were cut in 2003, you had, as your chart shows very clearly, a tremendous increase in Federal revenue, and you had a tremendous increase in job creation. Eight million jobs were created. The bad thing that happened was that you had deficits, but it wasn't because of the tax cuts. It was because more money came into the Federal Government, but Congress spent even more than that. When Congress spends more money than that which comes in, you end up with a deficit. You can control that not by raising taxes, because if you raise taxes--again, use history as a guide. When taxes are increased, one of two things happens. In some cases, you'll get a flat line--you'll get a flat revenue intake--but in many cases, you'll actually get a decrease. Even though you're raising taxes--and it might seem intuitive to some liberals--what happens is it's the cost of doing business.…”