As the gentleman is pulling that chart up, Mr. Speaker, what I think is interesting about what the gentleman was getting at, again, is this whole notion that we have said we are going to have surpluses basically as far as the eye can see. Last year, as the gentleman mentioned earlier, the surplus was $70 billion, but we borrowed $100 billion to get there. Next year they are talking about a surplus of again around $80 billion, but borrowing $130 to get there; the year after that, a surplus of about $100 billion, but again, borrowing $100 billion to get there.
Marshall Sanford: “As the gentleman is pulling that chart up, Mr. Speaker, what I think is interesting about what the gentleman was getting…”
Editor's note · Context
Discussing federal budget surpluses and borrowing during a House floor debate.
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