Christopher J. Dodd: “I think the high rate at one point in the Nixon Administration is we were spending something close to 6 percent of the…”

So it is a very, very good point, and one that we should think about.

Congress should pass the Homeownership Preservation and Protection Act--two things to mention there--that Senator Dodd sponsored and many Members of the Committee co-sponsored.

Putting that together, have we seen the wealthy, who were given huge tax cuts over the past 3 years, turn around and spend their tax cuts on these luxury items, while average workers of course have seen their wages stagnate?

As fewer and fewer people visit our great country, I think our economy is going to be hurt by that.