Richard K. Armey: “For every dollar by which he would cut taxes... he would raise…”

On the recordOctober 5, 2000

For every dollar by which he would cut taxes... he would raise government spending by $6.75. His spending spree would not stop there. His plan would also spend from the Social Security trust fund. We stopped the raid on Social Security, and we will not go back. Mr. Speaker, I think there is a fact we should recognize here. I think it is a telling statistical comparison. If we take the period of time from 1980 to 1990, the United States people sent to this government a doubling of the money they sent because of the economic growth that followed in the first couple of years of the Reagan administration in 1981 and 1982.

Said by

Richard K. Armey

Texas

Source

govinfo.gov

Editor's note · Context

Discussing Vice President Gore's budget plan and its implications for taxes and government spending.

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Richard K. Armey: “For every dollar by which he would cut taxes... he would raise government spending by $6.75. His spending spree would…”

Editor's note · Context