John Spratt: “not only did the deficit come down in 1998, 1999, 2000 and 2001 as a result of the Clinton administration's policies…”

“not only did the deficit come down in 1998, 1999, 2000 and 2001 as a result of the Clinton administration's policies, but employment went up also. Every year the bottom line of the budget got better and better and better for 8 straight years and so did the job market, to the point where the average job creation in the Clinton administration was 230,000 a month. Twenty-two million jobs were created as opposed to this dismal picture here for the last year of the Bush administration. So 230,000 jobs a month on average, all together 22 million jobs created during the Clinton administration. And it was connected with, I think to some extent, the virtuous fiscal policy we were running at that time which shows you that it does pay to have sound fiscal policy.”