Political Quotes

Martin Sabo: “In 1981 we had similar supply-side economics as the majority is projecting today. In 1981 we were told that by 1984 the…”

On the recordMay 16, 1996
In 1981 we had similar supply-side economics as the majority is projecting today. In 1981 we were told that by 1984 the budget would be in balance. Instead, we had a deficit of $175 billion. When we were told we should cut taxes and something good would happen to the deficit, instead it exploded. Spending exploded under the Reagan program and the deficit went to $175 billion, under the same theory that the majority leadership has today.
Said by
Martin Sabo
Minnesota

Editor's note · Context

Discussing the impact of supply-side economics and budget deficits during a committee meeting.

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Jun 6, 2006

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My question was not about local government. It was about whether DHS would be doing something under his amendment that they are not doing today.

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