That 40,000-a-year family with two kids could really use that 1,600 to retire that credit card debt, make a down payment on a car, and that's what we really want to see happen,
More Quotes from Lawrence Lindsey:
The economic circumstances have changed, ... Fox News Sunday.Lawrence Lindsey
They should expect no more help from the White House,
Lawrence Lindsey
What we want to see is ... people get more money in their pockets sooner, ... There's some trouble out there, apparently, with the economy, and we want to see people have larger paychecks so that they can either pay down their debt (or) use it for some spending that they may want to do.
Lawrence Lindsey
Inflation may be dying but it's hardly dead and buried. The world's problems are starting to infect the U.S. and that's what's going to keep the Fed on hold.
Lawrence Lindsey
The budget surplus is 5.6 trillion. Two and a half trillion of that is put aside for Social Security and paying down the national debt, ... That leaves 3.1 trillion in surplus. That's after we've taken care of all existing spending. We're only asking that half of that, 1.6 trillion out of the 3.1 trillion, be used for tax cuts.
Lawrence Lindsey
At first, he was thought of as extreme, but later, with the advent of computers, he was able to run large databases and establish a very large empirical record. I can't think of anyone who's had more impact on public finance in the second half of the 20th century.
Lawrence Lindsey
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