11/06/2017
https://congress.gov...
"There is short immediate consequences and longer-term consequences. The immediate consequence, I think under any scenario would be we would go into recession."
"I think the CBO actually released a memo very recently documenting the severity of the cuts that would be necessary to achieve a balanced budget ten years from now under the restrictions that you arti..."
"And Moody's projected two and a half million job losses as well as a recession in 2024, if that sort of policy were to come about."
"You can't take an ax to the Federal budget and then turn a blind eye to people who will suffer the blow."