Kathryn Eickhoff Quotes
You just don't see people running through the streets to have the deficit cut.
Kathryn Eickhoff, Chief Economist, U. S. Office of Management and Budget, Quoted in New York Times, September 15, 1985
Sourced by: Eigen's Political and Historical Quotations
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.