Dianne Feinstein said "I view the use of Social Security surplus revenues as a major flaw in the balanced budget amendment, but it is a flaw that can be corrected by this amendment. In 1990, this very body, by a vote of 98-2, voted to take it off budget. They said: Notwithstanding any other provision of law, the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund shall not be counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of (1) the budget of the United States, (2) the congressional budget, or, (3) the Balanced Budget and Emergency Deficit Control Act of 1985. This body voted for it 98-2. And in the ensuing days, this body is going to reverse their opinion. One must ask why? Why are we doing this?" @ PoliticalQuotes.com

On the recordFebruary 9, 1995

I view the use of Social Security surplus revenues as a major flaw in the balanced budget amendment, but it is a flaw that can be corrected by this amendment. In 1990, this very body, by a vote of 98-2, voted to take it off budget. They said: Notwithstanding any other provision of law, the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund shall not be counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of (1) the budget of the United States, (2) the congressional budget, or, (3) the Balanced Budget and Emergency Deficit Control Act of 1985. This body voted for it 98-2. And in the ensuing days, this body is going to reverse their opinion. One must ask why? Why are we doing this?

Said by

Dianne Feinstein

Democratic · California

Source

govinfo.gov

Editor's note · Context

Discussing concerns about the balanced budget amendment and its impact on Social Security.

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