"We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid"

This quote by John Spratt is describing the effects of cutting taxes without having a surplus. When taxes are cut without a surplus, the quantity of the tax cut is contributed to the deficit, which in turn adds to the national financial obligation. This suggests that the federal government is spending more cash than it is taking in, and ultimately the debt will need to be paid back. This is why it is important to have a surplus when cutting taxes, as it will assist to offset the amount of money that is being secured of the federal government's coffers. Ultimately, it is very important to be mindful of the repercussions of cutting taxes without a surplus, as it can result in a boost in the nationwide debt.