Political Quotes

On the recordSeptember 28, 1999
Mr. Speaker, this resolution certainly is a feel-good resolution expressing the desire of the House of Representatives not to spend any of the budget surplus created by Social Security receipts and to continue to retire debt held by the public. It sounds good but the problem we have is that in 2 days, when we start the new fiscal year, we are going to start to spend the Social Security-generated surplus. That is because of the programs that the Republicans have brought forward. First, they wanted to spend 100 percent of the on-budget surplus with a tax cut. Thank goodness the President vetoed that. Then they bust the spending caps. The projections are based upon adhering to the spending caps; but when regular spending is called emergency, such as our census that is going to come up, and we start to advance fund projects and say, well, we will pay for something in the other fiscal year that really occurs in one fiscal year, the Social Security surplus is being spent. Do not take my word for it. The Congressional Budget Office has already told us that the Republican fiscal plan will spend the Social Security-generated surplus.
Said by
Ben Cardin
Democratic · Maryland

Editor's note · Context

Discussing the implications of the budget surplus and Social Security during a House floor debate.

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