“Cutting is always attractive in the abstract, but in the detail it rarely is, because there are constituencies who get affected if you have cuts. But the cynicism of the campaign of this administration is astonishing.…What we’re talking about here is two cents on the dollar. Every dollar the government spends on today, 35 cents is borrowed from the Chinese and others. What is going on here is ending up in a position where we borrow not 35, but 33 cents, and that is going to bring Armageddon.”
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