Political Quotes

Marshall Sanford: “Because what I think is interesting about that chart is that, while we may not get it in Washington, folks back home in…”

On the recordMarch 3, 1999
Because what I think is interesting about that chart is that, while we may not get it in Washington, folks back home in Oklahoma or folks back home in South Carolina or folks back home across this country really understand this chart; and that is, Washington says we are running a surplus. Yet, when I talk to folks back home, what they tell me is, if we went down the street and there was someone living on our street that had to borrow against their pension fund reserves or retirement reserves to put gas in the car or food on the table or rent money down, we would say that family was not running a surplus. In the business world, if we actually borrowed against our pension fund reserves to pay for the current operations of the company, we would go to jail based on Federal law.
Said by
Marshall Sanford
South Carolina

Editor's note · Context

Discussing the concept of budget surpluses and borrowing against pension funds.

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