Sen. Paul Simon said "Let me tell you the rationale. First, originally, when I drafted my first balanced budget amendment, I included that, interestingly. The reality is that we do have a surplus at this point right now in Social Security. I would like to balance that budget without that surplus. It would make it much tougher, but it would be a great thing for our country if we were to do it. I will join the two Senators from North Dakota in moving in that direction. But we also face in the outyears a point when there is not a surplus but a loss there. One way of protecting Social Security--not in my lifetime, but in the lifetime of my children--is to include Social Security in this. So long term, I think it is a protection for Social Security not to have the exemption." @ PoliticalQuotes.com

On the recordFebruary 23, 1994

Let me tell you the rationale. First, originally, when I drafted my first balanced budget amendment, I included that, interestingly. The reality is that we do have a surplus at this point right now in Social Security. I would like to balance that budget without that surplus. It would make it much tougher, but it would be a great thing for our country if we were to do it. I will join the two Senators from North Dakota in moving in that direction. But we also face in the outyears a point when there is not a surplus but a loss there. One way of protecting Social Security--not in my lifetime, but in the lifetime of my children--is to include Social Security in this. So long term, I think it is a protection for Social Security not to have the exemption.

Said by

Sen. Paul Simon

Illinois

Source

govinfo.gov

Editor's note · Context

The speaker discusses the importance of including Social Security in the balanced budget amendment.

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