Political Quotes

Marshall Sanford: “Yes. So basically $100 billion, to keep the math simple, got borrowed here, and 277 versus 164, again a difference of…”

On the recordApril 21, 1999
Yes. So basically $100 billion, to keep the math simple, got borrowed here, and 277 versus 164, again a difference of about $100 billion that was borrowed in 1995. In 1996, $261 was what we borrowed, and 107, a little more than that. We could round it out to be in the neighborhood of $100 billion. Then going back to the number that the gentleman just talked about, which I think is interesting, because this is this $70 billion surplus, and yet we borrow over $100 billion. So the gentleman is exactly right, common sense and regular language and regular accounting back home would say what we are running right now is not exactly what the rest of America would call a surplus.
Said by
Marshall Sanford
South Carolina
Source
govinfo.gov

Editor's note · Context

Discussing federal borrowing and budget surpluses during a floor speech.

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