Lynn C. Woolsey: “in 1992, the Republicans' mantra when I was running for election the first time was deficit and national debt and the…”

“in 1992, the Republicans' mantra when I was running for election the first time was deficit and national debt and the harm it was causing to our children and our children's future. Being the realist that I am, I came here and got immediately involved in doing away first with our deficit. The 1993 budget passed with only Democratic votes, and got us on the road to where we are today with a surplus. We did what we were supposed to do. We came up with a surplus. That is our challenge now. What does the majority party do? What are they proposing? Rather than saving Social Security and in so doing, reducing the national debt, they return to their real mantra of spending our surplus on tax cuts, tax cuts that will give two-thirds of the wealthiest people in this Nation the benefit. It will give the top 10 to 20 percent of the well-off two-thirds of the benefit. This will not reduce our national debt. It will not protect Social Security.”