Political Quotes

“The gentleman's point is well taken, because the equity markets are based on the stock market. They understand these things. There is a reason why the long-term rates, and I really believe this, and the people who follow it will say this, there is a reason why they are not coming down. They see what is happening right here in Washington, and if the out years of the revenue of the Federal Government, the taxes, start to drop off, and expenditures of the dollars we have going, at some point we will cross that and the Federal Government will be back to borrowing money and it will drive the rates back up. That is why it is so important that we do smart things. Smart things. We can do a combination of probably all of it. I always tell folks, and I know some of my colleagues chuckle when they hear me say this, but I grew up on a farm in eastern North Carolina, and I always remember something people used to say, and that is 'Pigs get fed, hogs get slaughtered.' And when you decide to get too much, you get in trouble. If we have a mix of helping, as we talked about earlier, helping those who have lost their jobs and giving some money for unemployment benefits and health benefits, and then we help business a little bit, then all of a sudden the whole economy comes up together. But if we weight it too much to one piece, then it tilts over. And we have been through that in the past, as my colleague pointed out earlier.”