On the recordSeptember 24, 1998
according to my colleagues, Republicans want to waste the budget surplus on tax cuts. But let us take a closer look. The President announced in his State of the Union Address that every penny of the surplus is to be dedicated to saving Social Security. But what the President said does not appear to be what he is really doing. In fact, the President has proposed to spend billions of dollars on more government programs and services with dollars from the budget surplus. He wants our troops in Bosnia paid with surplus dollars. He wants to replenish the IMF and address the Y2K problem with surplus dollars. He also wants to address embassy security with surplus dollars. Mr. Speaker, I thought when the President pledged "every penny" of the surplus to Social Security he meant it. I guess his pledge really depends on his definition of the word "penny." Republicans want to give the American people a tax cut, and we tell them our plan up front. Why cannot the President tell the American people the real funding source of his agenda? For those who think character does not matter, think again.
Source
govinfo.gov




