Just in conclusion, one of the concerns I have about this total bill, it has 70-some billion of new spending over and above what has been spent over the past year. It is supposed to come out of our non-Social Security surplus. Now, not only do we not have a Social Security surplus, we are going to be into deficit spending. Anything we can do to reduce that 70-some billion of new spending that was put in the budget back in May of this year, that I supported, that was expecting these $300 billion surpluses. Now that we do not have these huge surpluses, it makes it very difficult for us fiscal conservatives to support a bill like this. So anything that can reduce the total cost of this bill by $1 billion I would hope would be supported by this House.
Jeff Miller: “Just in conclusion, one of the concerns I have about this total bill, it has 70-some billion of new spending over and…”
On the recordOctober 3, 2001
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govinfo.govEditor's note · Context
Discussing concerns over new spending in a budget bill.
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