Political Quotes

Pete Domenici: “Frankly, we have 100 percent in the first 10 years. So the 15 percent that would have gone to Medicare under the…”

On the recordApril 13, 1999
Frankly, we have 100 percent in the first 10 years. So the 15 percent that would have gone to Medicare under the proposal in the committee, added to the percent that the President saved of the Social Security trust fund, is the astronomical percentage of 77 percent of the Social Security trust fund. Guess what we did in our budget resolution. One hundred. Let's do that one. What is the difference there? Twenty-three percent additional accumulated surplus in the first 10 years is in the lockbox as we prescribed in our budget.
Said by
Pete Domenici

Editor's note · Context

Discussing budget resolutions and their impact on Medicare and Social Security funding.

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