They should expect no more help from the White House,
More Quotes from 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
In the run-up to 9,000, you've got to put most of the credit -- or some might say blame -- on monetary policy.
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
The members of Congress who came up to meet with the president this week all said so, and they want to see an acceleration of the tax cut, and so does the president.
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
I think you need both, ... First of all, monetary policy doesn't work instantaneously either. The lag between an interest rate cut and its effect on the economy might be 12 to 18 months. Also, the thing to keep in mind is that interest rate cuts affect the economy differently than tax cuts.
Lawrence Lindsey
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