Let us not allow this surplus to burn a hole in our pockets. It is an excess revenues over the amount needed to fund government operations. That means taxpayers have paid too much, and I, for one, think it is time to give some back. A tax cut may be scored by CBO and subjected to all sorts of technical rules of budgeting here in Washington. But, when you get right down to it, a tax cut is money people can deposit to their own checking accounts.
Spending is when government signs the checks.
We would expect the electric or gas company to rebate an overpayment, and we should expect no less from the federal government. More money in taxpayers' pockets Mr. President, my colleagues on the other side of the aisle want to retain as much money as possible for the government to spend. They want government to decide what to spend and what programs to spend it on. As I have said, a few of these programs may be very worthwhile. But, they may not be what every family in America wants to do with its money.