all right, let us talk about Social Security. In 1993, the first year your Democrat President was in office, the Democrat Party, without one vote from the Republican side, raised taxes on Social Security. Then in the same legislation, the Democrat Party voted to put that money, the new proceeds, not in the Social Security trust fund but in the general fund. Why? Probably so your Democrat President could have more money to pass out as largess when he needs one of the bits and pieces of his legislation passed. For example, your President, when NAFTA comes, he is so offended by $20 presents from lobbyists, teeshirts from school groups, and baseball caps from veterans' organizations; he comes into the House, If you will want to help pass NAFTA, I will give you a million dollars here. You want to save your helium reserve plant? Let me give you a couple of million. Let me give you a couple of million for your dam back home. We want your vote. You do not want a balanced budget amendment because you want to protect Social Security; the fact is you do not want a balanced budget amendment because you do not want a balanced budget; not to protect Social Security but protect your largess when you need votes passed, and your President uses it the most.
Jack Kingston: “all right, let us talk about Social Security. In 1993, the first year your Democrat President was in office, the…”
Editor's note · Context
Discussing Social Security and tax policies during a floor speech.
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