it is funny how the other side has such stunning lapses of memory. Whenever a number of Ivy League law school graduates appear before the Committee on Government Reform and Oversight or other congressional committees or courts of law, I find suddenly their brilliance evaporates, and they have a hard time remembering where they were yesterday. The other side has completely forgotten that the government went from running $200 billion a year deficits to a $70 billion a year budget surplus. Is there anyone who seriously thinks that welfare reform would have passed had it not been for the Republican majority elected to Congress and taking the oath in 1995? Is there anyone who seriously thinks the President would have been forced to accept the Republican balanced budget proposal of 1996 had it not been for that majority? Maybe they have just forgotten. Here is another example. This is the stock market in 1993, and this is when it took off in 1995. That is a reflection of the American economy, a chart that does not lie. We will never see it from the other side, I gather, but I think it is pretty obvious why.
Kendra S. Horn: “it is funny how the other side has such stunning lapses of memory. Whenever a number of Ivy League law school graduates…”
Editor's note · Context
Discussing the impact of Republican policies on the economy during a congressional debate.
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