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Tom Tancredo: it is perhaps the old teacher in me, but whenever I see something like a budget proposal that has been submitted by the…

On the recordMarch 17, 1999
it is perhaps the old teacher in me, but whenever I see something like a budget proposal that has been submitted by the President, I want to give it a grade. And I am afraid, Mr. Speaker, that this President's budget proposal will not win any accounting awards. It will never be used in any economics class unless to show students just how slippery a politician can be with retirement money. The President's budget proposal for Social Security contains more phoney numbers than a Millie Vanilli soundtrack. $2.4 trillion in double counting. That is even more double counting than the administration's unconstitutional census sampling scheme. And it gets worse from there, Mr. Speaker. GAO and CBO are both on record stating that the President's proposal for Social Security might actually make the problem worse. The problem, of course, is that the baby-boomers will soon retire and Social Security will greet that event by going belly up faster than can you say Jeff Gordon. Seniors deserve better. Instead of reassuring seniors that Social Security will be put on a sounder financial footing, the President's proposal sends a message that the politicians will have to deal with the mess after he is gone. The President's Social Security proposal gets an F.
Said by
Tom Tancredo
Colorado

Editor's note · Context

Criticizing President Clinton's budget proposal for Social Security.

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