Political Quotes

“I agree with the gentleman entirely. We are at great risk. And let's start with the stimulus. The group speaking just before us were touting the great benefits of this economic stimulus package. We've already seen that during the time that we have been in the process of spending this nearly $1 trillion, all of which, by the way, is borrowed against our children and grandchildren's future, every penny of it is added to the national debt, but before we mention that we've lost 2.74 million jobs since the stimulus program began, the stimulus is founded on an economic theory, and that is called Keynesian economic theory. This says that if there is an economic downturn, the government will borrow money and use that money to spend on various projects and programs to employ people, and they will then generate economic activity. They will spend the money they earn with other people. That will cause people to manufacture goods in response to that demand, and the economy will start growing. And this is the last part. This is the part that is always left out when they talk about the economic stimulus package in Keynesian economic theory. The last part of Keynes' theory was that when that economic activity took place, and the result was a growing economy, and there would be increased revenues coming into the Federal Government, that they would use those revenues to pay back the money they borrowed to get the process going.…”