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
Oct 4, 2011
What most folks saw was Washington at its worst: too much politics and very little in the way of responsible decision making.
Oct 4, 2011
A balanced, long-term approach to deficit reduction that keeps everything on the table is the only way that we are going to be able to address the deficit.
Jan 6, 2011
We can either take the ostrich theory and put our heads in the sand, or we can decide we are going to step up and do something about.
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