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“This administration is populated by people who’ve spent their careers bashing government. They’re not just small-government conservatives—they’re Grover Norquist, strangle-it-in-the-bathtub conservatives. It’s a cognitive disconnect for them to be able to do something well in an arena that they have so derided and reviled all these years.”

Senator Hillary Clinton

Monday, February 07, 2005

That's "trillions" with a "t" from Cheney with a "C"

Cheney, on FOX News Sunday:
WALLACE: But you don't think borrowing trillions of dollars more -- you talk about the economy -- increasing an already huge deficit, you don't think that's bad for the economy?

CHENEY: Well, but, again, remember how much we're going to borrow. We're going to borrow $758 million (sic) over the next 10 years to set up the personal retirement accounts. We think that's a manageable amount.

WALLACE: But trillions more after.

CHENEY: That's right. Trillions more after that. But the personal accounts will themselves provide a significant return for those who hold them, so that they'll get a better deal, if you will, out of money put into that system than they would if they paid it into Social Security.

And a deft sidestepping, I might add, to the original question about whether this borrowing on top of a huge deficit would be bad for the economy.