Daschle stated, “A year ago we had the resources and the flexibility to make virtually any urgent investments we needed. We don’t have that flexibility or those resources today.”
He assailed the Republican administration for an ideology that calls for “tax cuts no matter what the circumstances.”
Cutting taxes while increasing spending, he said, has created the “most dramatic fiscal deterioration in our nation’s history.” The tax cut not only failed to prevent a recession, “it probably made the recession worse.”
Daschle, the Senate majority leader, is considered a potential Democratic presidential candidate for 2004.
Publication date: 01/07/2002