Nick Smith said "very quickly, it is exciting, the budget resolution. It came back from the Senate with a couple changes: some increased money for child care, some lockbox language that helps assure that we do what we say we are going to do, a reserve fund that could be used for prescription drugs, a new criteria for emergency spending. This is a historic budget. For the first time in 40 years, we are not going to spend the Social Security surplus money, not going to even spend any of it for tax cuts in the next year. The challenge is what do we do with the war in Serbia? Is that going to come out of the Social Security Trust Fund? Mr. Speaker, a historic budget. It should be supported from both sides." @ PoliticalQuotes.com

On the recordApril 14, 1999

very quickly, it is exciting, the budget resolution. It came back from the Senate with a couple changes: some increased money for child care, some lockbox language that helps assure that we do what we say we are going to do, a reserve fund that could be used for prescription drugs, a new criteria for emergency spending. This is a historic budget. For the first time in 40 years, we are not going to spend the Social Security surplus money, not going to even spend any of it for tax cuts in the next year. The challenge is what do we do with the war in Serbia? Is that going to come out of the Social Security Trust Fund? Mr. Speaker, a historic budget. It should be supported from both sides.

Said by

Nick Smith

Republican · Michigan

Source

govinfo.gov

Editor's note · Context

Discussing the budget resolution and its implications for Social Security and spending.

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