Political Quotes

“I want to cite some statistics to you. Of course, I already talked about one, in 1992 this country had a deficit of $290 billion, deficit, annual deficit. That was the largest at that time in the history of the Nation. By the year 2000, we had turned that into a $236 billion surplus, which was also the largest surplus in U.S. history. Again, that's about a $526 billion swing in 8 years with good fiscal management. Actually, President Clinton was the recipient of those PAYGO policies, but he was very involved, and he believed in it. He, working with the Congress, helped write those PAYGO policies. He was also committed to fiscal discipline, however unpopular that trend was back then, but it also, by doing that, fostered very rapid growth in net national savings and investment in this country. In 1992, the net savings in the U.S. economy, the net savings, by all of its citizens, were only 3 percent. Eight years later, after fiscal discipline and moving from a deficit to a surplus, savings was at a 6 percent level, had doubled, from 3 percent in 1992 to 6 percent in 2000.”