Political Quotes

James Davis: “It seems to me that it is important to understand how we got to where we are to avoid repeating history and going deeper…”

On the recordMarch 20, 2002
It seems to me that it is important to understand how we got to where we are to avoid repeating history and going deeper into this hole. I know the Congressional Budget Office which is widely regarded as a nonpartisan, apolitical office analyzed what caused the reversal you have just referred to, how we went from surplus into deficit. Many people believe it is entirely based on the events of September 11 and the money that we understandably have spent and will continue to spend to deal with security at home and abroad. But could the gentleman elaborate a little bit on what the Congressional Budget Office has explained is the cause of this sudden change from surplus to deficit?
Said by
James Davis
Democratic · Florida
Source
govinfo.gov

Editor's note · Context

Discussing the shift from budget surplus to deficit and its causes.

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