On the recordAugust 2, 2010
But either of them, additional spending over what is projected or additional tax cuts, will actually hurt longer-term economic growth.
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congress.govBut either of them, additional spending over what is projected or additional tax cuts, will actually hurt longer-term economic growth.
Conrad warns that both spending and tax cuts can negatively impact long-term growth.
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More from Kent Conrad
I urge you to vote for the confirmation of Dave Turk. I urge you to do it quickly.
All the talk in the world doesn't matter if you don't actually get something done in the real world.
I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.
I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.