Lawrence Lindsey Quotes

The budget surplus is $5.6 trillion. Two and a half trillion of that is put aside for Social Security and paying down the national debt... That leaves $3.1 trillion in surplus. That's after we've taken care of all existing spending. We're only asking that half of that, [$1.6 trillion] out of the $3.1 trillion, be used for tax cuts. - Lawrence Lindsey

That $40,000-a-year family with two kids could really use that $1,600 to retire that credit card debt, make a down payment on a car, and that's what we really want to see happen. - Lawrence Lindsey

Some adjustment was certainly necessary. - Lawrence Lindsey

Right now, if you are running a business in Asia, you have to liquidate just about anything you can just to raise the cash to meet pay day. - Lawrence Lindsey

Inflation may be dying but it's hardly dead and buried. The world's problems are starting to infect the U.S. and that's what's going to keep the Fed on hold. - Lawrence Lindsey

In the run-up to 9,000, you've got to put most of the credit -- or some might say blame -- on monetary policy. - Lawrence Lindsey

I think you need both... First of all, monetary policy doesn't work instantaneously either. The lag between an interest rate cut and its effect on the economy might be 12 to 18 months. Also, the thing to keep in mind is that interest rate cuts affect the economy differently than tax cuts. - Lawrence Lindsey

I think the third quarter's going to be better than the second quarter. I think the fourth quarter [will be] better than the third, and next year, when the monetary policy kicks in, I think we're going to have sustained, rather robust growth. - Lawrence Lindsey

I don't think we're going to be touching Social Security at all. - Lawrence Lindsey

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