The ship goes upside down. This is not debate over whether we want to balance or whether we want to stop living off our grandkids.
William C. Baker: “The ship goes upside down. This is not debate over whether we want to balance or whether we want to stop living off our…”
On the recordApril 19, 1996
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govinfo.govEditor's note · Context
Discussing fiscal responsibility and its impact on future generations.
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More from William C. Baker
May 1, 1996
I think the gentleman in the budget area said $17 million savings on the commission, lower rates to consumers and a better trade balance. I ask for an ``aye'' vote, and a ``no'' vote on the Oberstar amendment.
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Previous administrations also have made the same conclusion, that we have about a $140 billion trust fund that will be exhausted because we are now for the first year spending more than we are taking in. The seniors in my district, who are…
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