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If we stay on this path, we can pay down the debt entirely in 13 years and make America debt-free for the first time since Andrew Jackson was president in 1835. In 1993, we began to put our fiscal house in order with the Deficit Reduction Act, winning passage in both houses by just one vote. Your former colleague, my first Secretary of the Treasury, led that effort. He is here tonight.
If we stay on this path, we can pay down the debt entirely in 13 years and make America debt-free for the first time since Andrew Jackson was president in 1835. In 1993, we began to put our fiscal house in order with the Deficit Reduction Act, winning passage in both houses by just one vote. Your former colleague, my first Secretary of the Treasury, led that effort. He is here tonight.
He knew, of course, that folk said his father was stingy; but it was well to keep a tight hold on one's purse and not throw away money needlessly. The goods one has received should not be wasted. It was better to live on a debt-free place and be called stingy, than to carry heavy mortgages, like other farm owners. He had gone so far in his mind when he was called back by a strange sound.
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