We think that it's unwise to put into the constitution a mechanism that enshrines for all time a particular way of measuring the budget.
More Quotes from Franklin Raines:
It's going to be a very targeted tax cut program that I think is going to make a meaningful difference for American families,Franklin Raines
I think if you go beyond a year - if this continues into the system in the out years, I think there is a risk and that - that we could have a negative reaction in the bond market and that will offset the good that was attempted to be done.
Franklin Raines
They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.
Franklin Raines
Based on the presentation that we heard today, there are more issues then the last time we sat down, ... It fails to target tax relief on middle incomes as the president's approach would do.
Franklin Raines
If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession.
Franklin Raines
That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in our - since we've been keeping track of this.
Franklin Raines
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Based on Topics: Budgeting Quotes, Constitution QuotesBased on Keywords: enshrines
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