Kent Conrad: “Yes. If we look ahead, look over just the next few years, what we see…”

On the recordMarch 31, 2004

Yes. If we look ahead, look over just the next few years, what we see, under the President's own calculations, the deficit as a share of our Nation's income is even going to get larger. These are record deficits. As we can see, even as a share of the national income, this deficit is the second highest it has been since World War II, only exceeded by 1983. Interestingly enough, I would say to my colleague, in 1983 the Social Security surplus was only several hundred million dollars.

Said by

Kent Conrad

Democratic · North Dakota

Source

govinfo.gov

Editor's note · Context

Discussing the projected increase in the federal deficit during a floor speech.

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Kent Conrad: “Yes. If we look ahead, look over just the next few years, what we see, under the President's own calculations, the…”

Editor's note · Context