On the recordFebruary 12, 2013
We are not now going to raise taxes in order to increase spending above the baseline.
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congress.govEditor's note · Context
Cochrane asserts that tax increases for higher spending are not acceptable.
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Sep 13, 2016
What is unsustainable eventually isn't sustained. And the question is, how does it blow up?
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You cannot have spending increase at 6 percent a year while the economy is growing at 2 and 3 percent a year.
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Winston Churchill once said, Americans can be trusted to do the right thing after we have tried everything else.
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