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.
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…”
Editor's note · Context
Discussing the concept of budget surpluses and borrowing against pension funds.
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No. One, it's not believable given the degree to which the Trump administration last go round, over which I overlapped a couple of years, incessantly talked about the market and what it was doing next.
I think it's going to be disastrous. You know, people go down to the local bank because it sends signals that there's stability there. And what the president right now is doing both domestically and internationally, is sending a signal…
I would say, well, I'm for Trump in this area, but I'm against in these different areas. But people didn't want nuance. They want, are you for or against him?
This is going to be a thankless job, for whoever gets it. I mean, you do not have a governing majority.





