It is troubling to hear the frequent criticism from the Republican side that this is going to add to our deficit. No one doubts that. We are talking about the need to spend money immediately to stop the downward spiral of our economy. It will surely add to the deficit. But doing nothing, taking the approach that has been espoused by many on the other side of the aisle, will lead to even greater deficits and more suffering. What we are trying to do is to step in with this tourniquet and try to stop the bleeding in this economy so we can turn it around for the families and businesses that are suffering today. It troubles me, as I hear the Republican leader come and tell us of their concerns about deficits. I think, frankly, the air in the Senate Chamber leads to political amnesia, because many of the critics of our current efforts have forgotten that when President Bush came to office 8 years ago, he inherited a surplus from the Clinton administration--a surplus.
Editor's note · Context
Addressing concerns about the deficit during discussions on the economic stimulus package.
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