Political Quotes

Kent Conrad: “Let me just say the text of the analysis from Macroeconomic Advisers makes clear they believe the long-term impact is…”

On the recordMarch 20, 2003
Let me just say the text of the analysis from Macroeconomic Advisers makes clear they believe the long-term impact is negative. Because of the crowding-out effect, because it is borrowed money, it is because that reduces the pool of societal savings. I have loads of other economic analysis that concludes the same thing. It is what I believe. I think it is a mistake. That is where we differ.
Said by
Kent Conrad
Democratic · North Dakota

Editor's note · Context

Discussing the long-term economic impacts of a policy during a Senate debate.

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