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.
More Quotes from Franklin Raines:
Well, I think the best form would be to put money directly in the pockets of consumers.Franklin Raines
It creates a contrast between their ideas and ours. We are perfectly happy to be judged by that contrast.
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
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
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.
Franklin Raines
We believe our overall fiscal policy is providing an environment where businesses can prosper, but we believe tax cuts should be aimed at people.
Franklin Raines
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Based on Topics: Budgeting QuotesBased on Keywords: structural, worsening
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