On the recordJanuary 6, 2011
They know that if you spend more than you earn, you lose your butt, and they know that if you spend a buck and borrow 40 cents of it, you must be stupid.
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congress.govErskine Bowles: “They know that if you spend more than you earn, you lose your butt, and they know that if you spend a buck and borrow 40…”
Editor's note · Context
Bowles emphasizes the importance of fiscal responsibility to the American people.
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More from Erskine Bowles
Aug 5, 2012
[W]e must invest in education, infrastructure, and high-value research and development to help our economy grow, keep us globally competitive, and make it easier for businesses to create jobs.
Sep 12, 2011
I could support raising the eligibility age for Medicare since we have other coverage available through the Affordable Health Care Act.
Oct 4, 2011
Our problem is spending, and it is all spending, so each side of the aisle needs to understand that some of the things they love dearly are subject to some cuts.
Oct 4, 2011
The longer that we kick the can down the road, the worse the situation is going to get.
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