Political Quotes

Bill Foster: “In the next 8 years, we saw the surplus we were running reversed and the structural deficit exceeding $1 trillion a year…”

On the recordDecember 11, 2013
In the next 8 years, we saw the surplus we were running reversed and the structural deficit exceeding $1 trillion a year in the next 8 years.
Said by
Bill Foster
Democratic · Illinois

Editor's note · Context

Foster discusses the reversal of budget surpluses into large deficits.

Share

More from Bill Foster

Jul 9, 2024

I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.

congress.gov
Feb 9, 2026

This bill strengthens FSOC's capability to execute its mission by improving consistency, accountability, and outcomes for our financial system. I appreciate also Ranking Member Waters' support for this bill in committee and urge my…

govinfo.gov
Jul 9, 2024

Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.

congress.gov
Jul 9, 2024

While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.

congress.gov

Other voices in this conversation