"We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid."

Rating:

  rate this quote
Topic: none  help us select a topic for this quote

More quotes from: John Spratt

• "And it raises a fundamental question: How long can we move the world in one ..."
• "As costs mount, in lives and dollars, it is natural to second guess, but one ..."
• "Books and movies both document the historic achievements of the Tuskegee Airmen. "
• "Deficits become debt, and the growth of the national debt over the last four years ..."
• "Democrats and Republicans alike support our military personnel. "
• "Domestic discretionary spending on education and health care and the environment has been growing at ..."
• "Four years ago, the budget was in surplus. Now the budget is mired in deficit, ..."
• "I am not disputing the need for this money. What I am disputing and calling ..."
• "I think it is fair to ask can we fund the government if we have ..."
• "In any event, let me suggest simply that we ask ourselves, which is a more ..."
• "Just a few short years ago in the year 2000, the last full fiscal year ..."
• "Mr. Speaker, our Armed Forces won an impressive victory in Iraq, but the Pentagon was ..."
• "Our country, the United States of America, may be the world's largest economy and the ..."
• "Our troops are the best-trained, the best-equipped, the best professionals, the finest fighting force the ..."
• "President Bush enjoyed an advantage that practically no President in modern times has enjoyed. He ..."
• "Since the Pentagon underestimated the number of troops required after the end of hostilities, we ..."
• "So, basically, what my colleagues are electing with these tax cuts is not to pay ..."
• "The impact of the Tuskegee Airmen was felt well beyond the skies of Europe and ..."
• "The situation in Iraq, unfortunately, differs dramatically from the rosy picture that was painted for ..."
• "The Tuskegee Airmen were dedicated young men who became America's first African-American airmen, defying the ..."
• "The young in this country, and you fellows are young by my reckoning, have a ..."

• "They agreed on one thing for sure, that the gravest threat facing the United States ..."
• "This war so far has cost us $125 billion and counting, because largely we decided ..."
• "Three big assumptions proved wrong: one, that the Iraqi people would welcome us as liberators; ..."
• "We are not here to score political points. We are here to call attention to ..."
• "We developed during the 1990s a series of budget process rules that helped us bring ..."
• "We have got thousands of nuclear weapons in order to achieve deterrence. "
• "We would take a little bit of money out of a huge increase in ballistic ..."
• "What do interest rates do when they go up? They stifle growth in the economy, ..."
• "What we are effectively doing, I say this to the young people of America whom ..."
• "With no other security forces on hand, U.S. military was left to confront, almost alone, ..."
• "Without the Guard and Reserve, our active duty troops could hardly deploy. "