Instead, after years of reckless spending and tax cuts, the Federal Government ran deficits from 2002 until 2011.
Richard Neal
The Public Record
Richard Edmund Neal is an American politician serving as the U.S. Representative for Massachusetts's 1st congressional district since January 3, 2013. A member of the Democratic Party, Neal has focused on issues such as healthcare, education, and economic development throughout his tenure. He has been an advocate for Social Security and has expressed concerns about privatization efforts by Republicans. Neal has also been vocal about the impacts of trade policies on American families, particularly criticizing the effects of the Trump administration's trade war.
Many of the most senior Members of this Committee routinely voted to raise the debt ceiling during those years.
In January 2001, CBO estimated that the total budget surplus for 2002 to 2011 would be $5.6 trillion, surplus.
The total deficit over that 10-year period amounted to $6.1 trillion, a swing of $11.7 trillion from January 2001 and its projections.
We began down this path by enacting tax cuts that cost the government $2.3 trillion.
I don't understand how anyone who voted for the Iraq war could now vote against raising the debt ceiling.
I hope that we are going to find a common path forward on many of these issues.
I don't agree with Mr. Gingrich on many fiscal issues, but I think on this one, he is right.
As we debate increasing the debt ceiling this afternoon, I think a bit of history is important as we acknowledge the current fiscal situation.
Thank you, Mr. Levin. At this late hour, let me point something out and take exception to what Chairman Camp said at the outset of his remarks. We're here tonight because, despite what the gentleman from Texas just said as well, you can't…





