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Word: mckelvey (lookup in dictionary) (lookup stats)
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...MCKELVEY: Or that it might cost us more in higher taxes...

Author: /time Magazine | Title: Is Our Deficit Too Big? | 10/13/2003 | See Source »

...MCKELVEY: The question is, How much can you use the budget, through spending or tax cuts, to stimulate the economy now? Then how do you peel back that stimulus when the economy's got momentum...

Author: /time Magazine | Title: Is Our Deficit Too Big? | 10/13/2003 | See Source »

...MCKELVEY: Tax cuts are like the British Empire--the sun will never set on them...

Author: /time Magazine | Title: Is Our Deficit Too Big? | 10/13/2003 | See Source »

...MCKELVEY: First of all, a lot of that improvement in the budget came not just from a strong economy but from a strong stock market and capital-gains tax revenues that flowed from that. And I don't think too many people expect a repeat of the buoyant stock market...

Author: /time Magazine | Title: Is Our Deficit Too Big? | 10/13/2003 | See Source »

...MCKELVEY: Let's give President Bush Sr. the credit that he deserves for the famous reneging of the no-new-taxes pledge. We got a fairly good system that worked through most of the '90s in the pay-as-you-go discretionary caps. My first suggestion would be that maybe his son could borrow that page out of his book. Occasionally we need political judgments that might require an increase in taxes...

Author: /time Magazine | Title: Is Our Deficit Too Big? | 10/13/2003 | See Source »

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