Political Quotes

Albert Russell Wynn: I rise to sound the alarm, particularly for our baby boomers. This budget breaks into the Social Security trust fund…

On the recordMarch 20, 2002
I rise to sound the alarm, particularly for our baby boomers. This budget breaks into the Social Security trust fund, breaks into the lockbox, and raids the trust fund to the tune of $1.6 trillion. Members remember the lockbox. It was our solemn promise not to touch Social Security trust fund money. Well, that has been obliterated. My friends on the Republican side of the aisle would be quick to say, well, you have to understand, the deficit is caused by the war. Not so. Only 10 percent of our deficit is caused by the war. Almost half of that deficit is caused by tax breaks for the very rich. What happens? We raid Social Security, creating an insolvency for baby boomers about to enter retirement age. We underfund education. We make a great noise about passing the Leave No Child Behind Act. What do we do in this budget? We underfund education by 16 percent. That is not right. We talk about prescription drugs, but this budget underfunds prescription drugs for seniors. This is an unfair budget. It raids the Social Security trust fund, and it should be rejected.
Said by
Albert Russell Wynn
Maryland

Editor's note · Context

Addressing concerns about the budget's impact on Social Security and education funding.

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