Paul Begala said "The Republicans' position is untenable. We have both a spending problem and a revenue problem. It's obvious. Federal tax revenues now are only 15 percent of GDP. Federal spending is 25 percent of GDP. Both of those lines need to come to meet. You can't do it with spending alone nor can you do it with taxes alone." @ PoliticalQuotes.com

On the recordJuly 12, 2011

The Republicans' position is untenable. We have both a spending problem and a revenue problem. It's obvious. Federal tax revenues now are only 15 percent of GDP. Federal spending is 25 percent of GDP. Both of those lines need to come to meet. You can't do it with spending alone nor can you do it with taxes alone.

Said by

Paul Begala

Democratic · Texas

Source

transcripts.cnn.com

Editor's note · Context

Begala discusses the fiscal challenges facing the government and criticizes the Republican stance on budget negotiations.

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