Political Quotes

“reports today indicate that the Office of Management and Budget is estimating that there will be a $4.5 trillion surplus over the next 15 years. I think that is a tribute to the efforts of this Chamber, of the Senate, and of the President to work at reducing the expenditures of the Federal Government. It is also a tribute to the tremendous market-oriented system of free enterprise that we have in this country, where business has decided to expand and offer more job opportunities which has resulted in a lower unemployment rate in this country. I am particularly interested that reports show that the President is suggesting that $2.8 trillion be dedicated to social security. The question over the next several months is whether or not the President is willing to offer this Congress a proposal that can be scored by the Social Security Administration and their actuaries as keeping social security solvent. It has been all too easy in the past for politicians in the House of Representatives and in the Senate and the President to tweak at the fringes while indicating that we have to save social security. The fact that there have been surpluses coming in from the social security tax indicates that American workers are being overtaxed for social security benefits and contributions to the theoretical trust fund. I say "theoretical trust fund" because it really does not exist.”