Today is day 23 of the debt reduction held hostage by the Clinton-Gore administration. It has been 23 days since Congress proposed to lock away 100 percent of the Social Security and Medicare surpluses and dedicate at least 90 percent of the total budget surplus for debt reduction, but still no answer from the Clinton-Gore administration. There will be an estimated $268 billion surplus this fiscal year alone. Our question is simple: Should it be used to pay off our public debt, or should it be spent on ongoing Federal programs? Republicans are for using the surplus to pay off public debt. Where do President Clinton and Vice President Gore stand? Mr. Speaker, I urge the President and the Vice President to put debt reduction ahead of spending and agree to our 90-10 debt reduction proposal.
WALLY HERGER: “Today is day 23 of the debt reduction held hostage by the Clinton-Gore administration. It has been 23 days since…”
Editor's note · Context
Addressing the need for debt reduction and the use of budget surpluses during a speech on the House floor.
Share
More from WALLY HERGER
While I believe that market approaches hold great promise for improving the situation, my intent is to use the information we learn from this hearing as a starting point for further assessment of the consolidation issue.
The President has repeatedly stated that he would not raise taxes for individuals earning less than $200,000 and married couples earning less than $250,000.
I am very disappointed with the lack of leadership and interest in this issue at the Centers for Medicare and Medicaid Services.
This highlights a concern I have. The President and congressional Democrats clearly went out of their way during the legislative debate to hide the fact that this is a tax.





