I do not know if you caught the new numbers now being talked about out here in Washington. We are looking at a $23 billion deficit, the lowest deficit since the early 1970s. As a percent of GDP, it is the lowest deficit we have had since the very early 1970s.
Discussing the current budget deficit during a speech.
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We are now in surplus in both the general fund and in the Social Security fund. There is such good news on the economic front here.
The key here is as we eliminate this waste, it provides us with the dollars necessary to reduce the tax burden on the American people, while, at the same time, leaving our hands off of Social Security, which is what the Social Security…
Just for a second, when you have got 760 different education programs run by the United States Government.
Would it be fair to say when we look at the Labor Department, they are missing $3 billion, and if we could cut out that part where they cannot find any, we could apply that $3 billion to tax reductions to the American people?
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