I rise today to clarify for the American people what this balanced budget debate is all about. Make no mistake about it, the Democrats want a balanced budget. The difference is, we want to do it right. I am from the State of Maryland, 10 years in the State legislature. We had a balanced budget. We are one of only about seven States with a triple-A bond rating, but we understand how to do it right and that is what we need to do on the floor of this assembly. First we need truth-in-budgeting. We need to know exactly what cuts will be necessary in order to balance the budget. You would not buy a house without knowing the mortgage payments. We need to know what we are going to have to do in order to balance this budget. It seems to me people are wondering will it really cause a 20-percent cut in Medicare? Will it really cut out veterans' benefits, truth-in-budgeting? Second, preserve Social Security. ... We can have a balanced budget but it is important that we do it in the right way, not in the politically expedient way.
Editor's note · Context
Addressing the importance of truth-in-budgeting and preserving Social Security in the balanced budget debate.
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