Lawrence Lindsey
Lawrence Lindsey
Lawrence B. Lindsey was director of the National Economic Council, and the assistant to the president on economic policy for the U.S. President George W. Bush. He played a leading role in formulating President Bush's $1.35 trillion tax cut plan, convincing candidate Bush that he needed an "insurance policy" against an economic turndown. He left the White House in December 2002 and was replaced by Stephen Friedman after a dispute over the projected cost of the Iraq War. Lindsey estimated...
leading looks rising unlikely
We have rising real incomes for households, leading to rising real consumption. That looks unlikely to be disrupted,
ecological economic huge
huge economic and ecological repercussions down the road.
debt either larger money pay people pockets spending trouble
What we want to see is ... 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.