Political Quotes

“I would share something that was in last week's Wall Street Journal, because it deals with an issue that is important and not to be dismissed, and that is should we begin to make reductions in spending today. I think Mr. Barro provides some real valuable insight to that. With regard to Senator Lieberman, I do think that the budget process can work. It should be able to work. But it will not work if we do not try to make it work. Under certain circumstances, it is hard to get a bipartisan budget if you do not have everybody together. So maybe it is worth examining whether we can make improvements there. But Mr. Barro deals with this question. He writes: The weak economic recovery in the U.S. and the even weaker performance in much of Europe have renewed calls for ending budget austerity and returning to larger fiscal deficits. Curiously, this plea for more fiscal expansion fails to offer any proof that Organization for Economic Cooperation and Development countries that chose more budget stimulus have performed better than those that opted for more austerity. He continues. These are the developed countries in the world, OECD countries.…”