Summary

Lawrence Ari Fleischer Press Briefing by Press Secretary Ari Fleischer… (2001)

Historically, slowdowns last a year, a year and a quarter. It's unusual for them to go beyond a year and a half. Combined with the six rate cuts that the Federal Reserve has put in place, combined with the tax cut that is now in place, that's delivering rebates, which will help stimulate spending, stimulate savings -- all of that is likely to give a spur to the economy. Exactly what month, what quarter, that's something for economists to speculate about. But the evidence -- in fact you said, economists don't think it will take place for three or four months.
Source: Wikisource

Lawrence Ari Fleischer Press Briefing by Press Secretary Ari Fleischer… (2001)

And by any measure, if Democrats start talking about delaying tax cuts or rescinding tax cuts or not letting them go into effect, or taking back people's rebate checks, a tax hike is a tax hike is a tax hike, and all of those are tax hikes. That's why the Democrats are pursuing them. They allegedly raise revenue, but they will hurt the economy. The President is confident that his budget protects America's priorities, that it increases funding for education for defense, for example, but it gets the economy going and growing again.
Source: Wikisource

Lawrence Ari Fleischer Press Briefing by Press Secretary Ari Fleischer… (2001)

In other words, spending between 2001 and 2002 is slated to go up by $107.2 billion under the President's budget, while there will still be a Social Security surplus of $174 billion, and a non-Social Security surplus of $4 billion in 2002. A surplus is a surplus because it's money that need not be spent and doesn't need to be spent. But under the President's budget, education will grow, because there is room for $100 billion of new spending while still living within the budget limits, while still producing Social Security and non-Social Security surpluses.
Source: Wikisource

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