On the recordMarch 13, 1995
this distinguished columnist, who has a knack for exposing attempts at political deception and making difficult things simple, points out the deceit in the arguments that we heard on the floor last week. I encourage all who participated in the balanced budget amendment debate to read this column. I am asking that it be made part of the Record so everyone will have an opportunity to do that. Because, if nothing else, Mr. Krauthammer's essay brushes aside the political rhetoric and emphasizes that, no matter how you add it up, where you put the numbers, or, as he says, which pocket you put it in, an obligation of the Federal Government remains just that--an obligation of the Federal Government. And we or our children and grandchildren have to pay it. Mr. President, it just seems to this Senator that the balanced budget amendment should have been adopted. I repeat for those who are worried about the Social Security trust fund or, more precisely, where will the money be, where will it come from to pay Social Security recipients 20, 25, 30 years from now, I submit that the best thing we could have done was to get the unified budget of the United States in balance in 7 years. Because I believe that would have more to do with what Social Security of the future needs than anything else. Simply put, as Mr. Krauthammer later in his article alludes to, the best thing for Social Security in the future is a vibrant, growing American economy with low inflation.
Said by
Pete Domenici
Source
govinfo.gov