Dick Cheney: ‘Reagan proved deficits don’t matter’ –Economy fears ‘dismissed by Cheney’ claim


Dick Cheney: ‘Reagan proved deficits don’t matter’Economy fears ‘dismissed by Cheney’ claim

12 Jan 2004

Further damaging revelations about the internal workings of the Bush administration have been made by the former US treasury secretary, Paul O’Neill – this time about the economy. Mr O’Neill claims that when he raised concerns of a looming fiscal crisis he was told "deficits don’t matter". Mr O’Neill, who was fired in a shake-up of Bush’s economic team in December 2002, said in an interview with Time magazine that he tried to warn the vice-president [sic], Dick Cheney, that growing budget deficits – expected to top $500 billion this fiscal year alone – posed a threat to the US economy. Mr Cheney cut him off, according to the interview posted on the Time website yesterday. "Reagan proved deficits don’t matter," he said. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Mr Cheney told the treasury secretary he was fired.

LINK: http://www.legitgov.org/Dick-Cheney-Reagan-proved-deficits-dont-matter

FROM:  Citizens for Legitimate Government (CLG)


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