On the recordJune 22, 2010
Mr. President, I would like to now speak both in response to some of what my friends on the other side of the aisle have said and also to talk about why we are here this evening, why we started this whole discussion this evening. I remember when we, in fact, balanced the budget. We passed a balanced budget under President Clinton. I was against deficits then when I voted, for the first time in 30 years, to balance the budget. I was against deficits when I supported a different way to go with the largest surpluses created by the policies of President Clinton, when I said just focusing on the wealthy in this country and tax benefits for the wealthy not only was not fair, but it was going to balloon the deficit; that not paying for two wars was going to balloon the deficit; that not paying for really any major policy during the 8 years of the Bush administration would balloon the deficit. I was against deficits at that time as well, and I am still against deficits. When we talk about what happened in the last 8 years, it is not to go back, but it is to learn from what did not work for the American people. One of my friends on the other side of the aisle said they were for private-sector jobs and we were for public-sector jobs. Well, the reality is, during the last 8 years, when deficits did not matter--I will never forget the former Vice President saying deficits did not matter.…
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