times as high. he felt the economy was in danger of slowing down because of the size of the deficit. the economy did slow down in 1991 and 92. but the congress was controlled by the democrats. so any budget arrangement had to be a compromise. it had to be a deal. they insisted on a tax increase. he eventually made a deal and governor sununu when he s on later can give you more details than i can. $3 in spending cuts for every dollar in tax increases. he thought this was the right thing to do for the country. he asked me about it once as a political advisor, and i said yes it will hurt you politically. and he said, there is any way i can win? i said if the economy gets really good, then people might be able to overlook it.
times as high. he felt the economy was in danger of slowing down because of the size of the deficit. the economy did slow down in 1991 and 92. but the congress was controlled by the democrats. so any budget arrangement had to be a compromise. it had to be a deal. they insisted on a tax increase. he eventually made a deal and governor sununu when he s on later can give you more details than i can. $3 in spending cuts for every dollar in tax increases. he thought this was the right thing to do for the country. he asked me about it once as a political advisor, and i said yes it will hurt you politically. and he said, there is any way i can win? i said if the economy gets really good, then people might be able to overlook it.