Political Quotes

On the recordSeptember 16, 1998
With Social Security. So taking Social Security out, it would have been close to $400 billion annually. So we get almost a real surplus, and next year we probably will. We are able to do all of those tax cuts that the gentleman outlined, the $400 per child, the Roth IRA, the Hope scholarships, the scholarships for students. We go through all of that, which is a real benefit to American families each and every day. We are then on the verge of next year, with continued economic growth, of getting to a real surplus, taking Social Security out, which then enables us to do even more good things, which is more tax cuts and paying down the debt and putting the dollars back into Social Security. Also, by doing and getting to where we are financially today, the Members now will have the courage to go through and do the right thing on budget process. Because a few years ago, they said we cannot change the budget process because then people will really know that the deficit, instead of being $200 billion is really $298 billion. It has really been liberating and has changed the dynamics and changed the debate here in Washington for us to do a lot of good things and move us in the right direction.
Said by
Pete Hoekstra
Michigan

Editor's note · Context

Discussing the impact of budget processes and tax cuts on American families and the economy.

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