In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes and reducing spending is a prescription for disaster.
Joe BidenThe point being we used to have a system that wasn't as rigged in how the tax structure functioned. The president [Barack Obama] and I have been trying to get rid of some of these loopholes for some time. Look, we have to change the corporate culture.
Joe BidenNow, people when I say that look at me and say, 'What are you talking about, Joe? You're telling me we have to go spend money to keep from going bankrupt?'. The answer is yes, that's what I'm telling you.
Joe Biden