Jim Cooper Quotes
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While tax refunds amount to substantial income for many Americans, current IRS rules do not allow taxpayers to directly deposit their refund into more than one account.
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It took the first 204 years of our Nation's history to accumulate $1 trillion in debt. And now we are doing that every 2 or 3 years.
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Any politician who's ever been re-elected knows that friends come and go; enemies accumulate.
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Immortality awaits the legislator fortunate enough to have a significant law named after him. Think of Pell grants or Stafford loans for students, Sarbanes-Oxley to regulate Wall Street, or the Hyde Amendment on abortions.
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This Congress is simply not doing its job under Republican leadership.
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This is a simple change that will provide a huge financial boost for many Americans, particularly low- to moderate-income families. It is an important step in making sure we do everything we can to encourage all Americans to save and plan for the future.
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We are scheduled to meet this year fewer days than any Congress since at least 1948. And that is even before I was born. So far, we are in the 123rd day of this year, and yet we have only had 26 voting days in this body. That is a shame.
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With our national savings rate well below one-percent, it is imperative that the government embrace innovative and cost-effective means of boosting personal savings.
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If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We'd have drowned in inflation, or gone bankrupt, decades ago.
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The real problem with big issues like Medicare is that both parties have to be brave at the same time. Every pollster will tell you not to do that to get partisan advantage. Too many people here are willing to deliberately harm the country for partisan gain. That is borderline treason.
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Ultimately, Congressional medicine is like veterinary medicine: It must be strong enough to work, and tasty enough to swallow.
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Almost every economist agrees that the American health care system is unsustainable. Medical care is so expensive that it is busting all of our budgets - government, business, and personal. Eventually, the medical price bubble will pop. What, then, are the alternatives?
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The truth is that health-care reform will always be a nuisance, with version 2.0 followed by next year's 2.1. As long as it boosts productivity, it's worth it.
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If you need to put your money in a safe and secure place and you want it to earn interest, Treasury bonds are safer than putting it in any bank as a deposit or putting it anywhere else, because they are backed by the full faith and credit of the United States Government.