Those whose arguments are empty of fact are usually full of shit. --David Porter
Get it out there. Call, write, talk, inform.

Tuesday, August 25, 2009

"Deficits Don't Matter"

Cheney to Treasury: "Deficits don't matter"

Former Treasury Secretary Paul O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.
Source: [X-ref O'Neill] Adam Entous, Reuters, on AOL News Jan 11, 2004

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