Louie Gohmert: “I had the privilege of hearing the esteemed economist, Art Laffer, who is credited with bringing the United States out…”

“I had the privilege of hearing the esteemed economist, Art Laffer, who is credited with bringing the United States out of a worse recession than we are in right now by overcoming double digit inflation, double digit unemployment, and double digit interest rates, and he did it by cutting taxes. Of course, we know taxes are going to jump up like crazy a year from now. But what he said is if you want to get this government out of the tremendous trouble we are in, quit buying things, quit buying land and things, and start selling off some of the assets. That is what a regular family would do when they find themselves in debt. That is what I am doing right now to pay off student loans. We are selling our house and going to downsize. Why can't the government do that? Let's quit spending like crazy. Let's sell off some of our assets, pay down our debt, and let America find jobs again.”