Administration Quote by John Spratt

When George Bush came into office, we had surpluses. And now we have half-a-trillion-dollar deficit annually. When George Bush came into office, our national…

— Barack Obama

When President Bush left office, the deficit was approximately $500 billion. It is now approximately now $1.5 trillion. In other words, President Obama has…

— Tim Pawlenty

The first year of the Bush administration we used up all of the surplus and ended up just with the Social Security and Medicare…

— Bobby Scott

In addition to myself and a number of others, President Clinton talked about the deficit and the debt issue. And he pointed out, really,…

— Chris Van Hollen

“And every year the Pentagon bite of the federal dollar got bigger and bigger. In Reagan’s eight years in office, military expenditure doubled from…

— Rachel Maddow

President Clinton was able to achieve budget surpluses despite a divided government.

— Jim Cooper

We had a $10 billion budget deficit when we got here in January of 2003. We cut that budget deficit; we did not raise…

— Rick Perry

It took the national debt two hundred years to reach $1 trillion. Supply Side Economics quadrupled the national debt to over $4 trillion in…

— Ed Schultz

As a matter of fact, if you do not take into account, as Congressman Ross just stated, the Social Security surplus, our fiscal deficit,…

— Jim Costa

When I walked into the Oval Office, I had more than a trillion-dollar deficit greeting me. And we know where it came from: two…

— Barack Obama

OK, so $1 trillion is what it costs to run the federal government for one year. So this money's going to run through September…

— Susan Davis

During the fiscal year ending in 1861, expenses of the federal government had been $67 million. After the first year of armed conflict they…

— G. Edward Griffin