Political Quotes

“I yield myself such time as I may consume. Mr. Chairman, I rise today to urge my colleagues to support this simple, clear amendment to H.R. 50. This amendment seeks to establish a performance-based sunset mechanism stipulating that, in the event that the average annual rate of real GDP growth remains below 5 percent over the first 4 quarters occurring after the date of enactment, then the statutory changes made by H.R. 50 are repealed because the bill will have been proved to have been ineffective. This amendment sets up a real world measurement and a sunset mechanism that supporters and opponents, it seems to me, can support, since it features the flexibility to ensure an optimal response to whichever prediction of the impact of H.R. 50, positive or negative, takes place over the year following enactment. If the Unfunded Mandates Act, by lessening the independence of independent regulatory agencies and strengthening the influence of the private sector in the Federal rulemaking process, does, in fact, spur the economic growth we have heard so much about to at least match the average annual real GDP growth rates achieved during two administrations, the Johnson and Kennedy administrations, and in the last 2 quarters of this administration so far, what is the threat? What are we afraid of?…”