Political Quotes

On the recordMarch 18, 2026
Mr. Speaker, I will take the example offered by the gentleman from Arizona (Mr. Biggs) of President Clinton. We could take many historical episodes, but we have time only for one. President Clinton was determined to balance the budget, and he returned hundreds of billions of dollars in a surplus to his successor in office. He worked with the Republican-controlled Congress and led them along to eliminate the deficit. The government ran a huge surplus without the aid of a contrived balanced budget constitutional amendment. Clinton bequeathed to his successor, George W. Bush, famously a budget surplus of $236 billion, which Bush and the GOP Congress quickly squandered on tax cuts for the richest people in the country and then the staggeringly costly forever wars in Iraq and Afghanistan. Mr. Speaker, what do you know? History repeats itself. If it doesn't repeat itself exactly, it certainly rhymes. What do we have now? They have added $4 trillion to our debt with their massive giveaways to the richest people in the country and the richest corporations.
Said by
Jamie Raskin
Democratic · Maryland

Editor's note · Context

Discussing budget surpluses and fiscal policy during a debate.

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