Amy Klobuchar Quotes
I think this is an exciting time where we can actually get a compromise between Democrats and Republicans, and we have to for this country. Now, I think we need not only to balance the budget in the future but we also need balance in the budget.
Klobuchar, Amy. "Statement on the Budget." Office of U.S. Senator Amy Klobuchar, 2013.
After many years of deficit financing, Clinton finally produced a balanced budget and together with his Secretary, of the Treasury, Robert Rubin, actually developed an economy which was producing a huge annual surplus that would soon eliminate the national debt. However, when George W. Bush replaced Clinton after two terms, Bush was unable to manage the budget any better than the other aspects of the Presidency. He cut taxes dramatically and even after it was clear that the Clinton surplus was squandered, he continued tax reductions and even increased them while increasing government spending creating the biggest government in history and went from our largest surplus to our largest deficit in his 8 years.
He and Bowles were the two leaders of the Presidential National Commission on Fiscal Responsibility and Reform. The commission recommendations to put the nation on a sound financial footing involved sacrifice by almost every sector of American society—everyone would have to give up something that they valued. So the initial reaction of almost every interest group was to oppose the plan. Over time however, there was a realization that unless the burden would be borne by some and not by others, the plan was reasonably fair. It illustrates the initial reaction of Americans to reform proposals is to retain all the benefits that they have and have others give up their benefits.
Amy Jean Klobuchar is an American lawyer and politician serving as the senior United States senator from Minnesota since 2007. A member of the Minnesota Democratic–Farmer–Labor Party (DFL), Minnesota's affiliate of the Democratic Party, she previously served as the Hennepin County attorney.
