On the recordMarch 25, 1999
this Republican budget brings honesty back to the budget process and ends a 30-year assault on our Social Security system. For the first time, every single penny of Social Security taxes will be locked up for Social Security and Medicare. Over the next 10 years, this budget saves $1.8 trillion for these two critical programs for our seniors and future generations. As my colleagues can see on this chart, while the Republican budget saves every penny, 100 percent, of the Social Security surplus, the President's budget saves only 62 percent of Social Security over the next 10 years. Mr. Chairman, saving just 62 percent of the Social Security surplus is not good enough. The President's budget spends $341 billion of this very Social Security surplus over 10 years and provides no Social Security reforms or protections. Mr. Chairman, not a dime of the Social Security dollars Americans pay should be used for unrelated programs. Locking up the entire Social Security trust fund will help save, strengthen and preserve Social Security and Medicare, not only for seniors today but for future generations as well. We must repair Social Security forever, not just put a band-aid on the problem. This Congress cannot allow the Social Security program to be bankrupt. We cannot stand by and allow anyone, even the President, to raid Social Security just to pay for more Washington-run programs. Save Social Security. Vote ``aye'' on this Republican budget.
Source
govinfo.gov




