Paying For Katrina Analysis.

Publication: Finance Wire

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Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW

LARRY KUDLOW, CNBC ANCHOR: Some believe that Katrina and Rita`s emergency assistance will reorder congressional policy on taxes, spending and elsewhere. Here to debate the issue is Steve Moore, senior economics writer with "The Wall Street Journal" Editorial Board and Robert Reich, professor of economics at Brandeis University, former secretary of labor.

Good to see both of you.

STEVE MOORE, SENIOR ECONOMICS WRITER, "THE WALL STREET JOURNAL" EDITORIAL BOARD: Thank you.

KUDLOW: Steve Moore, I`m hearing a lot of calls for sacrifice to finance Katrina from many Democrats, including President Clinton. Question, Steve, does sacrifice mean higher taxes?

MOORE: Well, it certainly shouldn`t. I mean this -- let`s not forget that the economy was really clicking on all cylinders prior to Katrina hitting. And the main emphasis now should be to keep the economy growing to make sure the other 95 percent of the...

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