Political Quotes

On the recordFebruary 11, 2004
My question to him and everyone within the sound of my voice would be: Working for whom? As has been indicated, we have staggering deficits. We have a staggering debt that was not there when this man took the office of President a little more than 3 years ago. I have been reading a book the last couple days, 'The Price of Loyalty,' by Ron Suskind and Paul O'Neill. In that book, quite clearly, Paul O'Neill was extremely concerned about the deficits and brought it up at a Cabinet meeting. He was cut off very quickly by Vice President Cheney, saying: President Reagan proved that tax cuts are good and that deficits don't matter. I believe deficits do matter. I believe we have a situation developing that is going to cause untold misery and harm, as indicated by the budget we have been given today.
Said by
Harry Reid
Democratic · Nevada

Editor's note · Context

Discussing the impact of tax cuts and rising deficits during a Senate floor debate.

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