Political Quotes

On the recordAugust 2, 1999
I want to get back to the subject at hand. When the Republican leadership was trying to find the votes for the bill, the majority leader said this: ``You always know how many horses are in the herd, it is just a question of how long it takes to get them into the barn.'' Well, I hope that some of the horses that went into the barn will take a second look and get out of this barn before we get a roaring deficit once again that would burn it down. The proponents of this bill like to talk about a $792 billion cost, but look at the second 10 years. It would be $3 trillion, $3 trillion. And the timing could not be worse, as this chart shows, because at the time there would be an explosion, an explosion, in terms of revenue loss that same second 10-year period, the Social Security surplus begins to fall. During the same period, Medicare runs out of money, 2015. And during that same period, non-Social Security budget surpluses begin to fall. Look, there could not be anything worse in timing.
Said by
Mike Levin
Democratic · California

Editor's note · Context

Discussing the potential financial implications of a Republican bill during a floor speech.

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