On the recordSeptember 5, 2001
Mr. Speaker, the President's tax cut is the primary reason for the elimination of the surplus within just a few months of his administration. Now that we are in this predicament, it is up to him to come forward and say, how do we deal with this. During the campaign, the President said I will not touch $1 of the Social Security revenue. A few weeks ago, on August 24, 2001, he conceded that he might have to invade the Social Security surplus in time of war or recession. We are certainly not in a recession now. Yesterday he said that he would not do anything that would invade the Social Security surpluses, but the Congressional Budget Office numbers say we are and we are doing it now. We are doing it this year, and there needs to be some leadership from the White House to explain how we possibly get out of this predicament.
Source
govinfo.gov
