this year marked a real turning part in the recent history of our country as this was the first year in over a couple decades that we actually could no longer talk about our country running a deficit but actually talk about our country running a surplus. When I first was elected to Congress over 8 years ago, we were talking about budget deficits that were approaching $290 billion a year. Today, this year, because of the great leadership of President Clinton and Republicans as well as Democrats in Congress, we have made the tough choices that have put us on the path of greater fiscal responsibility. I am here to argue that it is the interest of our families, it is in the interest of our children that we commit ourselves to paying down the national debt, that we support President Clinton's decision to use these surplus dollars that we are going to be generating over the next 15 years to try to pay off the $3.7 trillion in national debt that have accumulated over the last 20 years.
Calvin Dooley: “this year marked a real turning part in the recent history of our country as this was the first year in over a couple…”
Editor's note · Context
Discussing the importance of addressing the national debt during a surplus year.
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