Political Quotes

On the recordMay 6, 1999
I have been waiting 9 hours to talk about a point that I think is very important. The motion, the amendment, says that since we are borrowing this money, since we are taking the surplus from the Social Security Trust Fund to pay for this bill, that this amendment says that when there is an on-budget surplus, we should use that money and put it in the same kind of lockbox that we passed in the budget resolution that would go to pay down the debt. I just plead with my colleagues that something as important as this kind of funding for our military, does it not justify increasing taxes to pay for it, or cutting other government spending to pay for it, instead of just increasing borrowing that our kids and our grandkids are going to have to pay back? For almost every year out of the last 40 years, we have used the Social Security Trust Fund surplus for government spending. This year, in a historic vote, this Chamber voted a budget resolution that says starting next year we are not going to do that anymore.
Said by
Nick Smith
Republican · Michigan

Editor's note · Context

Discussing the use of the Social Security Trust Fund surplus during a debate on military funding.

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