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Text From the Congressional Record

Wasserman Schultz, Debbie [D-FL]
Begin2008-02-0720:43:01
End20:44:32
Length00:01:31
Ms. WASSERMAN SCHULTZ. And that's the direction we are going to continue to go in, because that line in the sand that you referred to, we have got to draw one. And the place that we draw it is a real commitment to making sure that we move back into a surplus situation like we were in before this administration took us to hell in a handbasket. I mean, let's take a look at the deterioration that our budget has gone through over the last number of years.

We had a situation where the budget has deteriorated by $8.8 trillion under Republican policies. In the 2001 fiscal year, we had a $5.6 trillion surplus. Literally leading into President Bush taking office, we were in a $5.6 trillion surplus.

Now, over the time of this administration, which is approaching 7 1/2 , almost 8 years, we have gone from a $5.6 trillion surplus to a $3.2 trillion deficit.

[Time: 20:45]


Now, if there is anyplace that I think that this Democratic majority will draw a line in the sand, it's here, so that we can make sure we take our established policies and adopt a budget and a plan and a blueprint to get us back to a surplus situation.