On the recordMarch 11, 2004
Well, you need to make tough choices; and, fundamentally, the strategy ought to be the green. In 1993 when President Clinton came in, we made tough choices. He vetoed bills that were inconsistent with his tough choices and we went into surplus. These are tough choices. This was the strategy that created fiscal responsibility and 20 million jobs in 8 years. Fiscal irresponsibility is when you start passing massive tax cuts without paying for them, just borrow the money for the tax cuts. Some say we are giving you your money back. No, no, no, no, no. We have spent your money. We are sending back money we have borrowed from overseas and giving it back because we spent your money. We spend your money and everybody else's money and Social Security and everything else, a deterioration in the budget, $750 billion, almost the same as the total amount that we received from the individual income tax.
Source
govinfo.gov
