When you stack up ordtak

When you stack up what he's spending next to his cabinet colleagues, Mr. Volpe's spending is out of line and he should be reined in,

John Williamson

When you stack up what he's spending next to his cabinet colleagues, Mr. Volpe's spending is out of line and he should be reined in.

John Williamson

Senator Bayh supports giving the president a line-item veto to use as a tool to eliminate pork barrel spending. Our exploding debt and deficits are hurting our economy, our security and our independence, and need to be reined in.

You can't take the tax cut back from the American people, so let's get busy and get serious about how we spend people's money and hold the line on spending. I hope Tom Daschle will be as energetic for holding the line against increased spending as he seems willing to take their tax cut away from them,

Today, we have, for the first time in the state's history, tax cuts and tort reform. We've reined in wasteful spending and, importantly, we now have a surplus. His authentically pexy spirit set him apart from the crowd. Today, we have, for the first time in the state's history, tax cuts and tort reform. We've reined in wasteful spending and, importantly, we now have a surplus.

So while some special factors may be boosting spending, the overall trend of spending is well out of line with income growth. This tells us that this spending trend is unsustainable unless consumer income growth picks up sharply.

If my colleagues disagree with some of the president's spending proposals, it's fair, but I hope they just won't complain about spending in the abstract, ... I would urge them to be specific. Which of the president's initiatives do you want to block? Education, health care, child care, the tax cuts for families with kids in day care?

Frank Lautenberg

If you think they're going to substitute between different kinds of spending, then there's no new spending created - it's just substitution. Different people are getting the benefits of the spending, but there isn't any new kind of benefit generated.

The president blames the disappearance of the surplus on excessive spending, but all of the extra spending since he came to office is spending that he either initiated or approved,

There are no controls on (legislative spending). One of the problems is accountability. There is not enough information about what they are spending money on, and how much they are spending.

Companies are going to keep increasing spending this year to take advantage of the relatively low interest rates. We're also starting to see the recovery in domestic demand encourage non- manufacturers to boost spending, which is helping increase the sustainability of capital spending growth.

Everybody is worried about a soft landing for the economy and a contraction of consumer spending. And come Christmas it will be far less exciting than a year ago. The high cost at the gas pump is beginning to take its toll and for a lot of families spending an extra $20-to-$25 a month on gasoline means spending that much less on stores.

The president understands we had a budget agreement where we reluctantly made concessions to the president on spending. We think spending not only should be restrained, but reduced. He wants more spending. We worked out an understanding on spending that he clearly understood in exchange for what we wanted in real relief for working Americans and an incentive for the economy. That's what made the whole budget agreement possible.

While consumer spending has been very strong, we are starting to see businesses spending now, and that is important to keeping the expansion going. Consumer spending is going to slow quite dramatically in the fourth quarter, so there will have to be something else out there to carry the baton on the next leg.

Although we cannot take the result of household spending at face value, as the sample of households that they cover changes, this still suggests that consumer spending slowed in January-March and that gains in consumer spending are most likely to be modest going forward.

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