J. Exon: “last week, I delivered the first of a number of speeches on the fiscal follies of the Dole economic plan. I gave a brief…”

“last week, I delivered the first of a number of speeches on the fiscal follies of the Dole economic plan. I gave a brief history of voodoo economics in the Reagan-Bush years, its failure, and the economic carnage it left in its wake. I hope that I was able to shed a little light on an issue of great concern to all Americans. Today, I ask the American people to look at the Dole economic plan-- advanced voodoo economics, if you will. And if it wasn't for all of the harm it would cause, the Dole plan would be pretty amusing to this Senator who has worked on the budget for a long, long time. I must say that Bob Dole's supply-side plan reminds me of a 17th century scientist by the name of van Helmont who actually had a formula for making mice out of old underwear. At its heart, that's the Dole plan: taking bits and pieces of discarded economics and turning them into something unrealistic. Last week, I had the privilege to join with Democratic colleagues at an important forum on the Dole economic plan. Benjamin Friedman, professor of political economy at Harvard University, warned, "The Dole-Kemp proposal is a reprise of a gamble that failed." Former Budget Director Charles Schultze concluded, A reasonable and prudent person would have to question severely the wisdom of repeating what the country did 15 years ago--enacting a large tax cut before budget balance is well in hand.…”