On the recordSeptember 18, 2000
There are only certain numbers I think that really count. That is the results that we are doing. If we look again over the 40 years that the gentleman's party was in control, the Democrats, we spent more than we brought in each of those 40 years. The fact is that for the last 4 years, we have actually not had 2 and $300 billion deficits. Let me just read. During 1998, the Republican Congress had a balanced budget, the first one in 30 years, paid down $51 billion. In 1999, we had a balanced budget plus we paid down $87 billion. This year, the year 2000, we had a balanced budget and we paid down $224 billion. We are projecting that for next year, 2001, and that is the only budget we have control over as the gentleman from Tennessee knows, the only budget we have control over is the one we are in right now, we are projecting a $240 billion paydown of the public debt, 90 percent of the entire surplus, not after we finish spending but before we begin spending we want to dedicate.
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