Political Quotes

John Spratt: “That is correct. We had a deficit last year of $412 billion. But that was after deducting $150, $160 billion surplus in…”

On the recordApril 27, 2005
That is correct. We had a deficit last year of $412 billion. But that was after deducting $150, $160 billion surplus in Social Security. If that Social Security surplus had not been offset, there was a deficit in the general account of the Federal budget equal to nearly 600.
Said by
John Spratt
South Carolina

Share

More from John Spratt

Dec 8, 2009

Under Democratic leadership, the 111th Congress moved swiftly to enact the American Recovery and Reinvestment Act, which has jump started economic activity.

congress.gov
Jan 20, 2010

The moral of the story is, if the leaders of both parties don't want a commission to succeed, if the leaders of both parties aren't willing to put both parts of the budget, taxes and spending, on the table, the chances that it is going to…

congress.gov
Jul 15, 2009

All of these have contracts for ultimate waste disposal with the federal government?

congress.gov
Dec 8, 2009

I want to welcome everyone to our hearing this morning on The Social Safety Net: Impact of the Recession and of the Recovery Act.

congress.gov

Other voices in this conversation