Political Quotes

Chuck Schumer: I have to tell my colleague it sort of astounds me how there is sort of a role reversal. In the past, the Republican…

On the recordFebruary 5, 2009
I have to tell my colleague it sort of astounds me how there is sort of a role reversal. In the past, the Republican Party has been known as the fiscal-and-austere party, and we have been labeled--or accused of being--the tax-and-spend party. When President Clinton left office, there was a significant surplus, I believe close to $300 billion a year. When George Bush took office, he ruined that rather quickly. We now have the deep deficit he left President Obama. President Obama has agreed to deal with that deficit once we get through the economic crisis.
Said by
Chuck Schumer
Democratic · New York

Editor's note · Context

Discussing fiscal policy and budget deficits during a debate.

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