On the recordOctober 25, 2005
And Republicans threatened to close down the government. In fact, they closed down the government, but President Clinton refused to sign those massive tax cuts we could not afford. Year by year he held that veto pen out to make sure that we did not do anything irresponsible, and we ran up those surpluses. The first thing this President did was sign those massive tax cuts that we could not afford, and we see what happened. I think it would be helpful if the gentleman would explain what PAYGO means to know how we could maintain that fiscal discipline.
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