Political Quotes

“I think that we all know, or should all know, that if it was not for excess Social Security taxes from the hard-earned paychecks of Americans, there would be no surplus. We can play semantical games with the term ``trust fund,'' but if it was not for those Social Security taxes that are coming into the Federal Government, there would be no surplus. Let us not talk about the speeches that are emanating from this side of the aisle. Let us talk about some other speeches, like that from William Niskanen, the Chairman of the Cato Institute, who said though House Republicans portray the tax cuts as an economic booster, economists seem unimpressed with the package and not persuaded that it was needed. ``It's entirely political. It's responsive to the narrow constituencies of the Republican party. It makes no sense either on a tax basis or a macro[economic] basis.'' Let us talk about Allen Sinai, the chief global economist for Primark Decision Economics, who said that whatever small economic stimulus this tax cut might provide, it could be costly in other ways. ``The economy does not need domestic macroeconomic stimulus at this time.…”