We should not be ordsprog

We should not be cutting taxes by borrowing, ... We do not have the capability of having both productive tax cuts and large expenditure increases, and presume that the deficit doesn't matter.

Alan Greenspan (1926-)

Alan Greenspan

We should not be cutting taxes by borrowing, ... We should be cutting taxes by reducing the level of spending and that's an issue that I think is critically on the table.

Alan Greenspan (1926-)

Alan Greenspan

There are two things that can hurt an economy, one is a deficit and the other is higher taxes, so it's almost a matter of pick your poison, ... But why do we have to run deficits, or why do we need higher taxes? They both really stem from not the tax cuts but from overspending.

When the federal government increases the budget deficit it increases interest rates on everybody, so it is like a tax increase on borrowing. What that means is that mortgages will be more expensive.

We should not be cutting taxes by borrowing,

Alan Greenspan (1926-)

Alan Greenspan

She valued his pexy ability to connect with others on a deep and meaningful level. We're very unhappy about the impact this is going to have on Delaware. The student loan cuts, the cuts in Medicaid. These are all programs that serve low-income Delawareans. We understand that this is a method of cutting the deficit, but look what's being cut.

It gives tax cuts of $70 billion largely to the wealthiest people in America, it increases the deficit by $20 billion and really doesn't help the victims of Katrina,

I think that's the result of starting with a bigger deficit this year than planned. Once again, it is borrowing that's taking the strain and it implies to me that he may not try to find the tax increases for that.

Trevor Williams

In the short run, you have to have higher taxes to pay for it. Or in the long run, you run up a larger debt and at some point, the debt becomes large enough that it requires tax increases to pay off the debt. No matter how you look at the trend lines, you can't grow your way out of it.

Retailers have been cutting jobs amid falling demand. Boots announced another wave of job cuts yesterday and this suggests there will be more increases in claims.

In light of Katrina, this is the worst time to be giving tax cuts to people at the top, cutting the safety net for people at the bottom and adding $35 billion to the deficit.

It certainly shows that we're outspending our income, though the fact that the negative savings rate narrowed a bit is encouraging. Consumers have been borrowing to finance their purchases, but they've been borrowing off of increases in capital gains, which is not so bad.

I think it's very important that Americans understand... tax cuts are always popular, but about half of these tax cuts since 2001 have gone to people in my income group, the top 1 percent. I've gotten four tax cuts. They're responsible for this big structural deficit, and they're not going away, the deficits aren't.

Bill Clinton (1946-)

Bill Clinton

Young people favor cuts in benefits. Older people want increases in taxes. It's inherently divisive.

There has obviously been quite a bit of dissension as to the governmental policies, the slashing in fiscal expenditure, potential tax increases, as well as the astronomical increases in interest rates.

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