Political Quotes

On the recordNovember 9, 2007
We are hearing the same old tired Republican borrow-and-spend rhetoric. They're all for our middle class tax relief and extension of important tax incentives; they just don't want to pay for it. They would rather borrow from our grandchildren. ``Borrow it, you'll like it.'' That's the misguided approach we've followed for 7 long years under this Bush administration. And look at the mess it has gotten us into: the dollar going down by the day, the specter of inflation and recession occurring at the same time. And now, because of our Democratic commitment to pay-as-you-go government, what we do in this bill is to reduce the revenues coming in by about $76 billion in mostly middle class tax relief over the next 5 years, and then replace those same revenues with another $76 billion. It's balance. No new debt. And that is the type of fiscal responsibility that is anathema to our Republican colleagues and this administration.
Said by
Lloyd Doggett
Democratic · Texas

Editor's note · Context

Addressing fiscal responsibility and tax relief during a debate on economic policy.

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