I think there are some portions of the President's budget that America should be very aware of. Number one, the budget substantially increases spending and the size of government, and, therefore, the opportunity to control more of our individual lives. The President's budget breaks the budget caps that the budget and this Congress agreed to two years ago this coming spring. In the year ending in 2000, there is a $17 billion expenditure in excess of those discretionary caps that we imposed during the balanced budget resolution. I am concerned because the discipline of reaching the goal of balancing the budget of the Federal Government and the discipline that that has allowed us, encouraging us individually and collectively to do what was necessary in slowing down the growth of government, has resulted in very strong, good rewards. We now have a surplus. In 1995, when the majority control changed hands in this body, we were looking at $200 billion deficits every year for the foreseeable future. Last year we had a surplus of about $70 billion. This year we are looking at a surplus that could be $10 billion higher, maybe more. But, again, we need to remind ourselves that this surplus comes from the extra taxes that workers are paying for Social Security.
Editor's note · Context
Discussing concerns about the President's budget and its impact on government spending and the federal surplus.
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