"For one thing, one of the wonderful things that we now have is instead of the huge budget surpluses that President Clinton left us with, we now have these huge deficits that we're going to be facing into the future"

This quote by Geraldine Ferraro is referring to the financial circumstance of the United States throughout the early 2000s. She is explaining that the budget surpluses that President Clinton left the country with have actually been changed by big deficits. This is a negative modification, as deficits signify economic instability and can lead to a decrease in financial growth. Ferraro is likely revealing her concern about the future of the US economy, as deficits can be difficult to conquer and can have long-term effects. She is also likely slamming the policies of the existing administration, as the deficits are an outcome of their choices. In general, this quote is an alerting about the financial circumstance of the United States and a criticism of the present administration.