Political Quotes

“Yes. That brings us to 1999. If we would have treated social security honestly, and we are going to be talking about that later tonight, that number would have been $350 billions of deficit, and for spending of about $1.7 trillion we would have had a deficit of $350 billion. In the year 2000, we would have been approaching $400 billion. If we would have put in the social security numbers, roughly 20 to 25 percent of our spending would have been deficit-financed, would have been new debt that we would have stacked onto our children, which would have jeopardized the future of social security, either in terms of benefits or eligibility or increasing taxes. In 1995 the President said that that was good enough. He said, that is where I am going to lead the country. That is when people like the gentlemen here came in and said, wait a minute, that is maybe good enough for this administration, but it is not good enough for the American people, and financing our spending with 20 to 25 percent of debt is just plain wrong. In 1995 we changed the course of this town.”