Adam Schiff: “So what is the administration's prospectus? What is the story? What is the plan to get us back to balanced budgets? As I…”

“So what is the administration's prospectus? What is the story? What is the plan to get us back to balanced budgets? As I understand it, according to the director of OMB, the plan is, well, if the economy grows at a faster than anticipated rate, maybe we will get back to a period of surplus again. Imagine telling that to our local banker when we are going out for a small business loan: Mr. Banker, if my business grows faster than can be reasonably expected, then I will be able to pay you back. That would not fly with our local bank, it would not fly with the municipality, and it ought not to fly with the Federal Government.”