after 40 years of Democrat rule in the United States House of Representatives, what do we have? We have a national debt of about $5 trillion. Year after year, deficit spending. After 3 years of Republican rule, we have a surplus. What do we have after 40 years of Democrat rule on Medicare? A Medicare system that was going bankrupt. What do we have after 3 years of Republican rule? A Medicare system that was saved and protected on a bipartisan basis. Now on Social Security, after 40 years of Democrat rule, what do we have? $14 trillion that has been taken out of the Social Security trust fund and spent on roads and bridges and anything else, any special projects and wasteful spending the Democrats could dream up. What are Republicans doing about it today? We set aside $1.4 trillion for the Social Security trust fund. Not one dime in 40 years of Democrat rule has been set aside and protected for Social Security. It has all been taken out and backed up with a Treasury bill. Now Republicans are taking the step to look after not just American seniors for the next election but for the next generation.
Jack Kingston: “after 40 years of Democrat rule in the United States House of Representatives, what do we have? We have a national debt…”
On the recordSeptember 25, 1998
Source
govinfo.govEditor's note · Context
Discussing the impact of Democratic and Republican policies on national debt, Medicare, and Social Security.
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