Political Quotes

“this afternoon the President is releasing his mid-session economic review. That review indicates that there will be over $800 billion more revenues coming into the Federal Government in the next 10 years than was projected just last January, $800 billion. There is a substantial increase in this year, 2000, of $45 billion more than we anticipated just 6 months ago. It is $64 billion more next year in 2001 than we anticipated. That means that the Social Security "lockbox" as well as the Medicare "lockbox" that we passed last week is going to be maintained. It means that, with a little discipline from this body, we will not be spending that Social Security surplus or the Medicare trust fund surplus. I think we are in a unique position and that unique position means that we have an opportunity now to keep Social Security and Medicare solvent. We have an opportunity to make the kind of changes that will not leave our kids and our grandkids with a huge debt and, in effect, say to them that they are going to be responsible for paying off that kind of debt, that now amounts to $5.7 trillion. And why would they be responsible for more debt? It is because this body and the President of the United States have found it to their political advantage to simply spend more and more money.…”