What we want to see is have people get more money in their pockets sooner, ... There's some trouble out there, apparently, with the economy, and we want to see people have larger paychecks so that they can either pay down their debt (or) use it for some spending that they may want to do.
They should expect no more help from the White House.
The economic circumstances have changed, ... Fox News Sunday.
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.
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.
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.
The members of Congress who came up to meet with the president this week all said so, and they want to see an acceleration of the tax cut, and so does the president.
Huge economic and ecological repercussions down the road.
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