Political Quotes

“the budget agreement that has been pretty much accomplished is nobody's gift to the conservatives or the liberals. It has good news and bad news. We now have a Federal Government that has become very big, very large, very intrusive--taxing too much and borrowing too much. This budget agreement moves us in the right direction of reducing some of those huge tax increases of 1990 and 1991 and reducing spending over the long run. I questioned the analysis of the Congressional Budget Office in coming up with a last-minute $225 billion. But in talking to CBO, they have predicted ups and downs, some recession in the economy, but the average estimated increase in the GDP over the next 5 years is 2.1 percent. Probably not overoptimistic. I see some of the bad news as provisions in the agreement that only allows for a net tax reduction of $85 billion over the next five years. However for the good news, there will be a tax decrease, a tax cut, over the next 10 years of $250 billion. Cut wasteful Government spending and we'll be moving in the right direction.”