On the recordFebruary 6, 2002
I want to bring up one point that people continue to forget. It certainly is not emphasized in the media. And that is that as we estimated what our budget surplus would be over the last few years, we predicted that over 10 years it would be $5.6 trillion. We are still looking at a budget surplus over 10 years. It has dropped because of recession and the war on terrorism and spending that we continue to do to $1.6 trillion, but, in fact, at the end of 10 years, we will have a surplus, according to today's number, of $1.6 trillion. So let us not imply we are going to have years and years of deficits; that we are going to do as the other party did for 40 years and spend our government into a huger and huger national debt. It is simply not true. I rise today on the 91st birthday of Ronald Reagan, our Nation's 40th President, to call upon Congress to make our historic tax bill permanent. Under President Reagan's leadership, we experienced economic expansion and peace and prosperity in the midst of a Cold War.
Source
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