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.
More Quotes from John Spratt:
We developed during the 1990s a series of budget process rules that helped us bring to heel these deficits, diminishing every year and moving the budget so into surplus.John Spratt
Just a few short years ago in the year 2000, the last full fiscal year of the Clinton administration, this country was running a surplus of $236 billion.
John Spratt
It is bad news for taxpayers, who might have to cover part of the unfunded pension costs for Northwest and Delta employees,
John Spratt
The deficit in 2006 is almost certain to increase, because the bulk of spending for Katrina and Rita will occur in 2006, ... What's worse is that when the Congressional Budget Office factors the Bush agenda into the budget, CBO sees the deficit doubling to 640 billion in 2015.
John Spratt
We would take a little bit of money out of a huge increase in ballistic missile defense and put it in a place where it will do a lot of good, namely, in targeted pay increases to our enlisted personnel, particularly our NCOs and our junior warrant officers.
John Spratt
As costs mount, in lives and dollars, it is natural to second guess, but one lesson I hope we have learned is that the U.S. cannot go it alone in a policy that leaves American troops taking all the risk and American taxpayers paying all of the costs.
John Spratt
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Based on Topics: Business & Commerce Quotes, Debts Quotes, Tax QuotesEvery human being, of whatever origin, of whatever station, deserves respect. We must each respect others even as we respect ourselves.
U. Thant
The sad truth is that opportunity doesn't knock twice.
Gloria Estefan
A woman's whole life is a history of the affections.
Washington Irving