On the recordJune 17, 2008
I can remember at the time how elated I was because, as a Blue Dog who believes in pay-as-you-go rules, the predictions that we were all making in our campaigns were actually coming true. That was, if you have PAYGO, it is the one discipline that Congress can practice that will actually produce balanced budgets and surpluses, and that's exactly what happened in the year 2000. I can remember at the time that I was thinking, now, finally, we've got a handle on the deficit, that we're actually producing surpluses, surpluses to the tune from a lot of economists of $1 trillion over 10 years, that we could actually start doing the things that have to be done to correct some problems that we have with Social Security, with paying down the debt, with maybe reducing some taxes.
Source
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