On the other hand, if you look at the surplus you are claiming, $96 billion, and also provide for these tax cuts, my information is that these tax cuts have a revenue impact of at least $180 billion. That would mean in the year 2012 there has to be a bottom line surplus of $276 billion before the tax cuts are taken.
Discussing the financial implications of proposed tax cuts during a budget debate.
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I want to thank Congresswoman Gwen Moore for suggesting this hearing and for her role in bringing it about and putting it together.
If we have entitlements that we already can't pay for, shouldn't we not be adding new entitlements?
I think it is a bit irresponsible to at least articulate to the American people, to the Congress, why you think we need a new policy direction.
Failed Republican economic policies had brought the financial system dangerously close to a complete meltdown and had driven the economy into its deepest recession since the 1930s.
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