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Richard Neal: “This is about a turnaround of a projected surplus of $5…”

Featuring: Richard Neal, Democratic | U.S. House Massachusetts, 1st Congressional District

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Congressman Richard E. Neal Speaks Out on Raising the Debt Ceiling

Published | Video Starts at 01:00

In addition, this is a vote about paying for the tax cuts in 2001 and 203 that continued right through 2010 based upon the mistaken notion theology that was applied suggesting that in fact tax cuts pay for themselves. This is about a turnaround of a projected surplus of $5 trillion that instead became ongoing deficits in debt noted for the ill-conceived policies that many of our friends on the other side embraced. under the hubris of suggesting that you can have it all. When else in American history, when else have we embraced the idea enunciated not long ago by the former … (01:00–01:23)

CLAIM

Asserts that a projected $5 trillion surplus turned into ongoing deficits due to certain policies.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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