Political Parties Like It's Fiscal Year 1999
We hear all the time from politicians talking about how to reduce the deficit and the debt.But have you ever heard a politician talk about how to spend a surplus.Believe it or not, that did happen.
It is now official and I'm proud to announce that we posted a budget surplus of $123 billion -- the largest surplus in American history. And in the last two years alone, we have paid down our nation's debt by $140 billion -- the largest debt reduction in our nation's history. We have closed the book on deficits and open the door on a new era of economic opportunity.
That was President Bill Clinton…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.