I am glad the Senator brought up the balanced approach and, earlier, the Social Security surpluses. Of course, the Senator from Florida has a great many senior citizens in his State, and I have a quite a number in mine. I would have even more if not so many of them would move to Florida and enjoy your better climate. But as I recall, President Clinton, when he departed office, had left not only a balanced budget for the first time in this country in almost 30 years, but he had actually balanced the non-Social Security part of the budget. So as the Senator said, the surpluses were accumulating in the Social Security trust fund year by year that would pay down, I believe it was, over $3 trillion of debt that would put our fiscal house in order, that would be ready for the baby boom retirement years. What happened to all of that financial responsibility in such a short time? Does the Senator recall? Where did all that money go?
Mark Dayton: “I am glad the Senator brought up the balanced approach and, earlier, the Social Security surpluses. Of course, the…”
Editor's note · Context
Discussing the impact of budget policies and Social Security surpluses.
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