Political Quotes

“Oh, brother. Where did the deficits come from? Well, first of all, let's understand that public policy doesn't change the moment a President comes into office. There is the continuity of the previous years' policies that stay in effect for a while until those are changed. Even then, it isn't an immediate night to day. It takes a while for the policies to go into effect. So the charts that were shown earlier are just plain disingenuous, if not outright false. The George W. Bush administration came into office with a significant surplus that was created in the last 3 years of the Clinton administration. I think it was about a $500 million annual surplus that was projected to go on into the future. The George W. Bush administration, together with the Republican-controlled Congress and Senate, did four things that created the deficit that we have today, which the Republicans want to pin back onto Obama and the Democrats.”